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FAQ’s on Covid Vaccines

December 18, 2020 1842 Views 0 comment Print

Q.1 When is the Corona vaccine likely to be available? Probably the Government will get it by January and the private market by March. Q.2 Do we all need to take it? Yes, all should take it. Q.3 Who will get it first? It will be prioritised. First frontline workers and first responders like paramedical […]

Framework for issue of Depository Receipts – Clarifications

December 18, 2020 723 Views 0 comment Print

Stock Exchanges and Depositories are advised to: a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above circular; and b) bring the provisions of this circular to the notice of the issuers, Domestic Custodians and also to disseminate the same on the website.

SEBI reviews framework of IGP under ICDR Regulations

December 17, 2020 1095 Views 0 comment Print

SEBI in 2019 had created Innovators Growth Platform (IGP) framework under ICDR Regulations to encourage and facilitate capital raising and listing of startups and other new-age firms which are intensive in use of technology.

7 Key decision in SEBI Board Meeting on December 16, 2020

December 16, 2020 1299 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 61/2020 SEBI Board Meeting The SEBI Board met in Mumbai today. The out of station Members joined the meeting through video conferencing. The Board, inter-alia, took the following decisions: I. Amendments to SEBI (Mutual Funds) Regulations, 1996 SEBI, in consultation with various stakeholders, undertook a detailed […]

Instructions for time bound processing of Duty Drawback claims

December 16, 2020 3288 Views 0 comment Print

It has been instructed that at least 90% of Drawback should be credited within a time period of 3 days. Further, the refund may be deposited into the customer account in T+2 days.

IBBI Imposes Penalty On IP for accepting assignment of RP after 31.12.2020

December 16, 2020 531 Views 0 comment Print

In the matter of Mr. Manoj Kumar Jain, Insolvency Professional (IP) under Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 In the present matter, Mr. Jain has given consent for the CIRP of CD on 22nd July, 2019 i.e. prior to the notification relating to AFA. He was appointed […]

AAR cannot give ruling on issue which is under Investigation

December 16, 2020 1242 Views 0 comment Print

In re Sri. V. Mohandas Pai – Prop. Dheeraj Enterprises. (GST AAR Karnataka) We examine the records and observe that the instant application has been filed on 22.09.2020 and the question raised there in is about the classification of the services being provided by the applicant. It is an undisputed fact that a search, of […]

Request to extend Due Date of filing of Tax Audit & ITR

December 15, 2020 46581 Views 13 comments Print

Tax Bar Association, Bhilwara  has requested for extension of Due Date of filing of Tax Audit and Income Tax Return for Assessment Year 2020 due to COVID 19 Pandemic. Request is been made to Hon’ble Finance Minister, Smt. Nirmala Sitaraman. It is requested to further extend the due date of filing tax audit report to […]

Income Tax Department conducts searches in Pune Region

December 15, 2020 7359 Views 0 comment Print

The Income Tax Department carried out search and surveyactionon 10.12.2020 in the cases of leading builders and entry operators in the Panvel region of Pune. The search and survey actions were carried out at 29 locations in Panvel and Vashi.

Auto population of details in GSTR-3B from GSTR 1 & GSTR 2B

December 15, 2020 48879 Views 0 comment Print

15/12/2020 1. Auto Populated details in Form GSTR 3B: Now, auto-population of system computed details in Form GSTR-3B, has been enabled for taxpayers (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards. The same will be done based on the following: 1. Liabilities in tables-3.1 & 3.2 of Form GSTR-3B (except Table-3.1 […]

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