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Introduction of Negotiated Large Trade facility on Stock Exchanges

June 22, 2021 1296 Views 0 comment Print

In order to facilitate a vibrant capital market ecosystem in GIFT-IFSC and to attract global investors and foreign capital, it has been decided to introduce a NLT facility for derivatives on the stock exchanges.

Issue of Pension slip by Pension Disbursing Banks on monthly basis

June 22, 2021 1221 Views 0 comment Print

Pension Disbursing Banks to issue pension slip to pensioners after credit of pension on their registered mobile numbers through SMS and email (wherever available) also.

AP VAT: ACAR can review on application by dealer & other affected parties- HC

June 21, 2021 654 Views 0 comment Print

Gail (India) Ltd. Vs Assistant Commissioner (CT) (Andhra Pradesh High Court) Section 67(5) of Andhra Pradesh Value Added Tax, 2005 pellucidly tells that authority for clarifications shall have the power to review, amend or revoke its rulings at any time for good and sufficient cause by giving an opportunity to the affected parties. It says […]

Mr. Amit Pradhan takes charge as Executive Director, IBBI

June 21, 2021 2511 Views 0 comment Print

Mr. Amit Pradhan took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Immediately before joining IBBI, he was serving as Chief General Manager and Adjudicating Officer in the Securities and Exchange Board of India (SEBI).

Forwarding of samples using electronic Test Memo to CRCL & other Revenue Laboratories

June 21, 2021 2970 Views 0 comment Print

CRCL and other Revenue Laboratories have been upgraded with several new, state of the art equipment, thereby enabling the testing of a wider variety of commodities in lesser time, with greater accuracy. For details, the CRCL brochure available at crcl.gov.in may be perused.

Foreign graduate degree is not an educational qualification under IA Regulations

June 21, 2021 729 Views 0 comment Print

As per the Regulation 7(l)(a) of the SEBI IA Regulations, 2013, an applicant desirous of obtaining registration has to satisfy the specified criteria for educational qualifications which includes professional qualification or post graduate degree or a post graduate diploma (of minimum 2 yrs duration) from Indian / foreign universities or a CFA charter from the […]

How to file Form 67 to claim credit of foreign tax paid on New Income Tax Portal

June 21, 2021 10275 Views 6 comments Print

Form 67 FAQ 1. Why do I need to submit Form 67? You will be required to submit Form 67 if you want to claim credit of foreign tax paid in a country or specified territory outside India. You will also be required to submit Form 67 in case of carry backward of loss of […]

Income actually accrued is taxable not the receipt

June 21, 2021 2652 Views 0 comment Print

The income that has actually accrued to the Respondent is taxable. What income has really occurred to be decided, not by reference to physical receipt of income, but by the receipt of income in reality.

GST on Bellow Ducts manufactured as per specific design provided by Railways

June 20, 2021 621 Views 0 comment Print

In re Concord Control Systems Private Limited (GST AAAR Uttar Pradesh) The classification of the Bellow Ducts manufactured as per the specific design and layout provided by the Railways and supplied to the Indian Railways only and no-where else, falls under Chapter heading 8607 of the Customs Tariff Act, 1975. FULL TEXT OF ORDER OF […]

How to File ITR-4 on New Income Tax Portal

June 20, 2021 8196 Views 0 comment Print

File ITR-4 (Sugam) Online FAQs 1. Who is eligible to file ITR-4 for AY 2021-22? ITR-4 can be filed by a Resident Individual / HUF / Firm (other than LLP) who has: ♦ Income not exceeding ₹ 50 Lakh during the FY ♦ Income from Business and Profession which is computed on a presumptive basis […]

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