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Municipal tax levied on advertisement hoardings in private properties post GST Implementation is valid: HC

October 20, 2020 15069 Views 0 comment Print

Selvel Media Services Private Ltd. Vs Municipal of the City of Ahmadabad (Gujarat High Court) Issues- By this petition under the Articles 226 and 227 of the Constitution of India, the petitioner has challenged the Resolution no.928 dated 28th November 2018 and the Resolution dated 24th December 2018 passed by the Standing Committee of the […]

SEBI Guidelines for Data Sharing

October 20, 2020 1656 Views 0 comment Print

Data- In the context of Data Sharing policy, Data consists of all the information both structured and unstructured collected and reported in various databases of Securities and Exchange Board of India (SEBI). Data refers to raw data only. Any kind of secondary data are not to be considered as data under this policy.

Duty on imports of ‘Polybutadiene Rubber’ originating in Korea RP

October 20, 2020 552 Views 0 comment Print

Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of ‘Polybutadiene Rubber’ originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement. Government of India Ministry of Finance (Department of Revenue) Notification No. 37/2020-Customs New Delhi, the 20th October, 2020 G.S.R 651(E).— In […]

Tolerance range for wholesale trading & other cases for AY 2020-21

October 19, 2020 2655 Views 0 comment Print

Notification No. 83/2020-Income Tax Central Government hereby notifies that where the variation between the arm’s length price determined under section 92C of the said Act and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed one per cent. of the latter in respect of wholesale trading and three per cent. of the latter in all other cases, the price at which the international transaction or specified domestic transaction has actually been undertaken shall be deemed to be the arm’s length price for assessment year 2020-2021.

CBIC extends ADD on All Fully Drawn or Fully Oriented Yarn/Spin Draw Yarn/Flat Yarn of Polyester

October 19, 2020 333 Views 0 comment Print

Seeks to amend notification No. 51/2015-Customs (ADD) dated 21st October, 2015 to extend the levy of ADD on All Fully Drawn or Fully Oriented Yarn/Spin Draw Yarn/Flat Yarn of Polyester imported from China and Thailand till 30th November, 2020. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 19th October, 2020 Notification No. 32/2020-Customs […]

Extend due date for submitting Tax Audit Report & filing IT Returns

October 17, 2020 2373 Views 0 comment Print

Tax Bar Association, Kota has made a request for Extension of due date for submitting Tax Audit Report and for filing IT Returns to 31st March 2021 to ameliorate the difficulties faces by the assessee in this corona period. Tax Bar Association, Kota Hon’ble Smt. Nirmala Sitharaman Ji Union Minister of Finance, Ministry of Finance, […]

Extend due date to submit Tax Audit Report & IT Returns

October 17, 2020 1425 Views 0 comment Print

Tax Bar Association, Alwar has made request for Extension of due date for submitting Tax Audit Report and for filing IT Returns of F.Y. 2019-20 to 31st March 2021. Tax Bar Association, Alwar Date 08.10.2010 Hon’able smt. Nirmala Sitaraman ji Union Minister of Finance, Ministry of Finance, Govt. of India. North Block, New Delhi.110001 Email […]

Further extend due dates for filing of both ITR & TAR

October 17, 2020 2436 Views 0 comment Print

Udaipur Tax Bar Association requested for Further Extension of due dates for filing of both Income Tax Returns (ITR) & Tax Audit Reports (TAR) for F.Y. 2019-20 (A.Y. 2020-21) UDAIPUR TAX BAR ASSOCIATION 10.10.2020 Hon’able Smt. Nirmala Sitaraman Union Finance Minister, Ministry of Finance, Govt. of India, North Block, New Delhi — 110001 Email ID […]

Extend due date for submitting Tax Audit Report & IT Returns

October 17, 2020 1296 Views 0 comment Print

We therefore requested that CBDT shall also exercise discretionary power vested u/s 119 of I.T Act 1961 by extended the due date to 31st March 2021 to ameliorate the difficulties faced by assessee in this corona period.

Faceless Appeal Scheme, 2020 -Litigation started

October 17, 2020 3018 Views 0 comment Print

Lakshya Budhiraja Vs Union of India (Delhi High Court) The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. The same has been heard by way of video conferencing. Present writ petition has been filed seeking a direction to the respondents to grant an opportunity of hearing […]

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