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Manual filing of disclosures under SEBI PIT Regulations not mandatory now

August 13, 2021 3786 Views 0 comment Print

Listed companies who have complied with requirements of the circular dated September 09, 2020, the manual filing of disclosures as required under Regulation 7(2) (a) & (b) of PIT Regulations is no longer mandatory.

Transfer/postings of 497 JCIT/Addl. CIT

August 12, 2021 2958 Views 0 comment Print

Office Order No. 203 of 2021 The following 497 transfer/postings of the officers in the grade of Joint Commissioner/Additional Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:

Insolvency and Bankruptcy Code (Amendment) Act 2021

August 12, 2021 1197 Views 0 comment Print

(1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2021. (2) It shall be deemed to have come into force on the 4th day of April, 2021.

CBIC removes ADD on Viscose Staple Fibre (VSF)

August 12, 2021 1575 Views 0 comment Print

Seeks to rescind notification No. 43/2016-Customs (ADD) dated the 8th August, 2016 to remove levy of ADD on Viscose Staple Fibre (VSF) originating in or imported from China PR and Indonesia. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th August, 2021 Notification No. 44/2021-Customs (ADD) G.S.R. 572(E).—In exercise of the powers conferred […]

Assessee entitled to amortize expenses over concession period of BOT projects

August 12, 2021 2154 Views 0 comment Print

DCIT Vs Welspun Projects Limited (ITAT Ahmedabad) It was also argued by the learned DR that there is no provision under the Act for amortization of the expenses. Therefore, the assessee should not be allowed the deduction of the expenses amortized in the year under consideration. Undoubtedly, the assessee has incurred the expenses on the […]

2 held by CGST Officials for ITC fraud of more than Rs 10 crore

August 11, 2021 1110 Views 0 comment Print

CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd.,  Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods.

Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021

August 11, 2021 3444 Views 0 comment Print

Reserve Bank of India Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021 CHAPTER I PRELIMINARY 1. Short Title and Commencement (i) These rules shall be called the Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021. (ii) Save as otherwise provided in these rules, they shall come into force from the […]

No CET For Class 11 Admissions in Maharashtra: Bombay High Court (Read Order)

August 11, 2021 2748 Views 0 comment Print

Bombay High Court orders Union and State Governments to complete XIth standard admission based on Xth standard marks within six weeks. Full judgment included.

Restrict import of unauthorized mobile signal booster/repeater: CBIC

August 11, 2021 5592 Views 0 comment Print

It has been brought to notice in the above communication that unauthorized mobile signal repeaters/boosters are easily available in the grey market and on e- commerce platforms.

CBDT notifies new Rule 10RB and FORM No. 3CEEA

August 11, 2021 6510 Views 0 comment Print

Vide Notification No. 92/2021-Income Tax | Dated: 10th August, 2021 CBDT notifies New 10RB. Relief in tax payable under sub-section (1) of section 115JB due to operation of sub­section (2D) of section 115JB and  FORM No 3CEEA. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 92/2021-Income Tax | […]

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