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Section 10(46) exemption to Maharashtra Electricity Regulatory Commission

June 23, 2020 1185 Views 0 comment Print

Notification No. 34/2020- Central Government notifies ‘Maharashtra Electricity Regulatory Commission’, Mumbai , a commission established by the State Government of Maharashtra, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 34/2020 New Delhi, […]

InvITs/ REITs may conduct meeting of unitholders through VC or OAVM

June 22, 2020 1326 Views 0 comment Print

It is clarified that InvITs/ REITs may conduct meeting of unitholders through VC or OAVM. InvITs/ REITs conducting such meetings through VC or OAVM shall follow the procedure specified in Annexure I of this circular.

Educate users on safe & secure use of digital payments: RBI

June 22, 2020 729 Views 0 comment Print

All authorised payment systems operators and participants are hereby advised to undertake targeted multi-lingual campaigns by way of SMSs, advertisements in print and visual media, etc., to educate their users on safe and secure use of digital payments.

SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2020

June 22, 2020 1341 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2020.

Reference form DCGI on Cross empowerment under GST

June 22, 2020 11745 Views 0 comment Print

Issue raised in the reference is whether intelligence based enforcement actions initiated by the Central Tax officers against those taxpayers which are assigned to the State Tax administration gets covered under section 6(1) of the CGST Act and the corresponding provisions of the SGST/UTGST Acts

50% school fees waiver PIL dismissed by HC as no School been made respondent

June 21, 2020 1824 Views 0 comment Print

Although relief has primarily been claimed against the schools, the management of not a single school has been impleaded as a respondent by the PIL petitioner. Obviously, granting the prayers of the PIL petition in the absence of the schools would amount to breach of principles of natural justice.

ICSI allows students to opt December 2020 exam session

June 20, 2020 2385 Views 0 comment Print

ICSI decided as under: 1. To allow such students to opt December 2020 exam session, instead of June 2020 exam session. 2. Carry forward the examination fee already paid by the students for the module for which they have enrolled for June 2020 Session.

Govt monitoring transmission of repo rate cut by Banking Sector

June 20, 2020 633 Views 1 comment Print

Government closely monitoring transmission of repo rate cut by the Banking Sector and recognise efforts of wealth creators in scripting India’s growth story : Finance Minister in a virtual meeting with PHD Chamber

Creation or Modification of charges | Relaxation of time | FAQs

June 20, 2020 1761 Views 0 comment Print

ICAI FAQs on Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India issued and FAQs dated 19.06.2020 on MCA Scheme for relaxation of time for filing forms related to creation […]

SC stays Delhi HC decision in case of Brand Equity -Transitional credit

June 19, 2020 16059 Views 2 comments Print

Supreme Court has stayed Delhi HC decision in case of Brand Equity Treaties Limited Vs Union Of India which permitted the assessee to file Form Tran-1 on or before June 30, 2020.

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