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Tripura HC allows use of A4 size paper

March 23, 2020 2880 Views 0 comment Print

It is hereby ordered that henceforth, for the purpose of filing of pleadings, petitions, affidavits or other documents in the High Court and all other Courts in the State of Tripura, the following specifications of paper and font type would be applicable:

PCIT Request CBDT to extend time-barring date of 31st March 2020

March 23, 2020 12396 Views 1 comment Print

Principal Chief Commissioner Of Income-Tax Shri Satish Kumar Gupta from Mumbai has requested the  CBDT  for Extension of date of Limitations under Income Tax Act, 1961 due to spread of Covid-19 Virus and related Impact on working of Department. He referred to lock -down and restricted movement to contain the spread of the viral infection. […]

COVID-19- SEBI relaxes timeline for NCD/NCRPS/CPs/MDS

March 23, 2020 3108 Views 0 comment Print

it has been decided to clarify with regards to certain timelines for listed entities and grant relaxations to listed entities which have listed their Non-Convertible Debentures (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS), Municipal Debt Securities (MDS) and Commercial Papers (CPs).

ITAT Chandigarh to remain close till 31.03.2020- Officials will work from home

March 23, 2020 768 Views 0 comment Print

INCOME TAX APPELLATE TRIBUNAL CHANDIGARH ZONE OFFICE ORDER  DATED: 23.03.2020  In exercise of  the  powers  conferred  to  the  Vice Presidents,  ITAT,  by  the Hon’ble President , ITAT in consonance with order  dated 22.03.2020  of the  Hon’ble Supreme Court of India to restrain the spread of Novel Corona Virus  (Covid 19)  and  In view of the […]

Spending of CSR funds for COVID-19 is eligible CSR activity: MCA

March 23, 2020 16644 Views 0 comment Print

Keeping in view the spread of the Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organisation (WHO) and decision of the Government of India to treat this as a notified disaster, the Ministry of Corporate Affairs vide its General Circular No. 10/2020 dated 23rd March, 2020 has clarified that spending […]

Separate option to waive Late Filing Charges for Bill of Entry

March 23, 2020 11763 Views 0 comment Print

At present, the late fee can be waived only from the Bill of Entry assessment screen by the Appraiser or the Assistant Commissioner of Customs. In case of RMS facilitated Bills of Entry, if the waiver is to be given, the Bill of Entry has to be recalled for reassessment for removing /reducing the late fee charges.

Download Finance Bill 2020 as passed by Lok Sabha

March 23, 2020 11550 Views 1 comment Print

Lok Sabha passed the Finance Bill 2020 on 23rd March 2020 without discussing the Various Changes Proposed subsequent to Introduction of Finance Bill 2020 in Lok Sabha on 1st February 2020. Also Read-List of Amendments in Finance Bill as passed by Lok Sabha AS PASSED BY LOK SABHA ON 23.03.2020 Bill No. 26-C of 2020 […]

GST on catering services to students of Govt. Industrial Training Institute

March 23, 2020 2070 Views 0 comment Print

In re Hazrath Valiyaparambil Azeez (GST AAR Kerala) (i) Whether supply of following goods and services by way of catering to students of Govt. Industrial Training Institute, Kalamassery as per the Govt. Scheme for Rs. 12.40/- per student per day attract GST? Entry No. HSN No. Description of goods 25 0401 Boiled milks without sugar […]

Priority sector classification for bank loans to NBFCs for on-lending to continue for FY 2020-21

March 23, 2020 831 Views 0 comment Print

It has been decided to extend the priority sector classification for bank loans to NBFCs for on-lending for FY 2020-21. Further, existing loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment/maturity.

Covid-19 Global Pandemic Related Instructions to Life Insurers

March 23, 2020 1224 Views 0 comment Print

This has reference to various measures being taken by Central and State Governments including lockdown of certain states impacting the normal functioning of offices and the possible difficulties to policyholders in accessing various services including timely payment of premium, settlement of claims. In this regard the following directions are being issued under Section 34(1)(a) of the Insurance Act,1938.

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