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ICSI pledges support to CS Members & Students during Covid-19 pandemic

May 17, 2021 414 Views 0 comment Print

As the country is bracing its way out from this massive health crisis, the Institute of Company Secretaries of India stands in solidarity with its stakeholders and is extending all possible support through these trying times. In accordance, the Institute has taken some important decisions for both its members and its students.

Section 68 addition for share capital & Premium without any verification not sustainable

May 17, 2021 2976 Views 0 comment Print

Seth Carbon and Alloys Private Limited Vs DCIT (ITAT Mumbai) We find that assessee by furnishing all the aforesaid documents had duly explained the nature and source of credit in the form of share capital and share premium received from the aforesaid two shareholders. From the balance sheet of the shareholders, it could be seen […]

Import policy for Tur /Pigeon Peas, Moong & Urad revised to Free

May 15, 2021 1737 Views 0 comment Print

Import policy for Tur /Pigeon Peas (Cajanus Cajan); Moong [Beans of the SPP Vigna Radiata (L.) Wilczek] and Urad [Beans of the SPP Vigna Mungo (L.) Hepper] is revised from ‘Restricted’ to ‘Free’ with immediate effect and for the period up to 31st October 2021. Further, import consignments of these items with Bill of Lading […]

COVID-19: Sputnik V vaccine Launched in Indian Market

May 14, 2021 1122 Views 0 comment Print

Dr. Reddy’s’ today announced that the first consignment of imported doses of the Sputnik V vaccine that landed ill India on 1st May, 2021. received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May. 2021. As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May 2021.

Exposure Draft of revised Accounting Standard (AS) 12 Income Taxes

May 13, 2021 1089 Views 0 comment Print

Accounting Standards Board The Institute of Chartered Accountants of India 12th May, 2021 Sub: Exposure Draft of Revised Accounting Standards for Public Comments The Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs in February, 2015, and as amended from time to time are applicable to the specified class of companies […]

Share Covid vaccines liberally with those who are in dire need of it

May 12, 2021 282 Views 0 comment Print

Shri Piyush Goyal urges the countries to share Covid vaccines liberally with those who are in dire need of it, stating that Global solidarity is the need of the hour;

Sovereign Gold Bond Scheme 2021-22

May 12, 2021 10098 Views 1 comment Print

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021 as per the calendar specified below:

GST: Need for A Serious Midterm Correction- Letter to FM by Badal

May 11, 2021 6966 Views 3 comments Print

I have been particularly persuaded to write this letter because there has been no meeting of the GST Council for the last six months even though Council’s own Rules drafted in terms of Article 279A of the Constitution provide for holding at least one meeting every quarter.

Can Investment Adviser continue to collect performance-based fee?

May 11, 2021 1875 Views 0 comment Print

Can Investment Adviser (IA) continue to collect performance-based fee whenever the same is due in terms of the agreement executed with Client, even if such fee is due on a date after March 31, 2021? lAs are not permitted to collect any fee other than the fee as specified in the aforesaid Circular. Further, lAs […]

Suggestion for Improving availability & Distribution of Oxygen in Country

May 10, 2021 561 Views 0 comment Print

Letter by Confederation of All India Traders to Shri Rajiv Gauba by which they suggested that there should be an ‘Oxygen Policy in the Country having basic parameters for generation or procurement of Oxygen and its effective disbursal through out the Country. Read Full text of the letter- Dear Shri Rajiv Gauba Ji, At the […]

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