The revised SAF envisages initiation of corrective action by the UCB and/or supervisory action by the Reserve Bank on breach of the specified thresholds (triggers) in respect of the specified financial parameters/indicators. The actions mentioned in the following paragraphs may be taken on breach of the specified thresholds.
Notification No. 3/2020-Customs (N.T./CAA/DRI)- Appointment of common adjudicating authority by Director General, Revenue Intelligence. Ministry Of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) (Directorate Of Revenue Intelligence) Notification No. 3/2020-Customs (N.T./CAA/DRI) New Delhi, the 6th January, 2020 S.O. 123(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated […]
In re Gubba Cold Storage Private Ltd. (GST AAR Telangana) Q1. What are tax implications in GST regime using leased premises for Cold Storage purpose of agriculture produce on Leasing Charges. Ans: Taxable @ 18%. Q2. What are tax implications in GST regime on Cold Storage Leased on rent for storage with or without preservation […]
Relaxation of time-Compounding of Offences under Direct Tax Laws (Income Tax)-One-time measure-Extension of Timeline- Circular No. 1/2020-Income Tax Dated 3rd January, 2020.
Authority has notified IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2019 for allowing 100% Foreign Direct Investment in insurance intermediaries. One of the conditions specified in the said regulation is that the insurance intermediary that has majority shareholding of foreign investors shall take prior permission of the Authority for repatriating dividend.
Who is eligible to file declaration under SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019? Any person falling under the following categories is eligible, subject to other conditions under the Scheme, to file a declaration:
Exchange Rates Notification No.01/2020-Customs (NT) dated 02.01.2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 3rd January, 2020. Government of India Ministry of Finance (Department of Revenue) (Central Broad of Indirect Taxes and Customs) ***** Notification No. 01/2020–Customs (N.T.) New Delhi, dated the 2nd January, 2020 In exercise of the powers conferred by section […]
Booking of bare shell of a flat was a case of construction of house property and not purchase, and since construction had been completed within three years of sale of original asset, assessee was duly entitled to deduction under section 54.
The Assessing Authority, in the matter of framing of assessments has to apply his mind to the issues that arise from the return of turnover filed by a dealer/assessee. However, orders of assessment are routinely passed based wholly on the proposals received from the Enforcement Wing and this case is no different.
1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2019. 2. They shall come into force on the date of their publication in the Official Gazette.
