1. The June, 2021 Session of ICSI Examinations shall commence from 1st June, 2021 and the time table for the same shall be hosted on the website separately. 2. Due to the Covid-19 pandemic, the Institute has decided to give a one time option to the students to Opt Out from the December, 2020 Session of Examinations by carrying forward the credit of examination fee to June, 2021 session of examinations.
Reserve Bank of India hereby issues the Draft Commercial Paper and Non-Convertible Debentures (Reserve Bank) Directions, 2020 to all the persons/agencies dealing in Commercial Papers and Non-Convertible Debentures as defined in these Directions.
It appears that a fee, higher than what is payable under the CIRP Regulations, has been paid along with filings of some Forms. These have happened in three situations, namely, (i) fee has been paid for delay in submission of Form, which was on account of technical glitches; (ii) fee has been paid twice for […]
It has been decided that banks shall not make any dividend payment on equity shares from the profits pertaining to the financial year ended March 31, 2020. Reserve Bank of India RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to […]
To reduce licensing uncertainties and enable PSOs to focus on their business as also to optimise utilisation of regulatory resources, it has been decided to, hereafter, grant authorisation for all PSOs (both new and existing) on a perpetual basis, subject to the usual conditions.
Reserve Bank of India (RBI), wherein Additional Factor of Authentication (AFA) requirement was relaxed for values up to ₹ 2,000/- per transaction for card transactions in contactless mode at Points of Sale (PoS) terminals. It has been decided to increase the per transaction limit to ₹ 5,000/- Reserve Bank of India RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 December […]
ACIT Vs Mitsui & Co. Ltd. (ITAT Delhi) The facts in brief are that the assessee-company is incorporated in Japan and had a subsidiary in India, Mitsui India Pvt. Ltd. (MIPL). In India, assessee has undertaken several projects in connection with big natural installment and power projects during the relevant year through its project office. […]
National Stock Exchange of India Ltd. (NSE) pioneered in introducing NEAPS (NSE Electronic Application Processing System) which is already being used widely by companies listed on NSE. Over a period of time need was felt to redesign NEAPS in order to provide an user friendly interface.
Rajesh Madanmohan Chaudhary Vs ITO (ITAT Pune) The assessee in the present case is an individual who is a partner in eight partnership firms. The return of income for the year under consideration was filed by him on 17.10.2016 declaring a loss of Rs.20,74,862/-. During the course of assessment proceedings it was noticed by the […]
Shares at premium were issued by assessee-company to other companies in lieu of shares held by those companies and since no cash was involved in these transactions and transactions were entered into in books of assessee-company by way of journal entries, AO was not, therefore, justified in making addition under section 68.
