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IRDAI Advises All Insurance Firms For Issuance of Digital Insurance Policies Via Digilocker

February 12, 2021 624 Views 0 comment Print

IRDAI advises all Insurance companies for issuance of Digital Insurance Policies via DigiLocker, It will lead to better customer experience with faster claims processing and settlement, reduction in disputes and reduction in fraud

Cases transferred to NeAC but not falling in FAS-2019 ambit

February 12, 2021 1737 Views 0 comment Print

I am directed to state that the cases where notice u/s 148 of the Act were issued by the Jurisdictional Assessing Officer (JAO) and where:- (1) Returns of income have been filed and notice u/s 143(2) of the Act has not issued by JAO or Prescribed Authority, or

ICAI advisory on use of social media by CAs & CA Students

February 12, 2021 3300 Views 0 comment Print

Of late, ICAI come across certain instances wherein members and students have taken to social media to express their grievances related to profession/academics without first taking up the issues with the Institute.

Implementation of Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018

February 12, 2021 5454 Views 0 comment Print

Office of The Commissioner of Customs (General) Mumbai Customs, Zone II, Nhava Sheva F.No.: S/3-Gen-92/ 2019-20/IN/JNCH DIN No: 20210278NW0000888C15 Date: 12.02.2021 PUBLIC NOTICE NO. 16/2021 Subject: Implementation of Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018 – reg Attention of all Port Terminals, Shipping lines, Shipping Agents, Transhippers, Custodians, Freight forwarders, Customs Brokers, Importers, Exporters, […]

ICAI Technical Guide On Valuation (Revised Edition 2021)

February 12, 2021 1806 Views 0 comment Print

The happenings around the globe in the recent periods have brought about an accentuated appreciation of the implications of changing times. Immediately after the spread of COVID-19 was identified and reported in the months of March and April 2020, the global markets saw a steep drop. The economic and social lockdowns that followed further led […]

Steps taken to help Pensioners during COVID-19 Pandemic

February 12, 2021 549 Views 1 comment Print

Department of Pension & Pensioners’ Welfare, since the lock-down on account of the unprecedented COVID-19 pandemic, has been taking various initiatives for the pensioners, to ensure the timely credit of pension & retirement benefits and keep them healthy and aware during this time of COVID-19 pandemic.

Section 271AAB Penalty can be levied only on undisclosed income

February 11, 2021 5226 Views 0 comment Print

For the levy of penalty u/s.271AAB, the case must fall within the four corners of the definition of expression ‘undisclosed income’ as defined u/s 271AAB itself.

HC Grants bail to person allegedly involved in Rs. 9 Cr GST Evasion

February 11, 2021 603 Views 0 comment Print

It is submitted that it is a case of total evasion of GST and disposing the manufactured goods without showing any record about its manufacturing activity and clandestine purchase of such products without paying of any GST has resulted in evasion to the tune of Rs. 9 Crores and odd

MCA notifies Chapter related to Producer Companies wef 11.02.2021

February 11, 2021 4260 Views 0 comment Print

MCA notifies 11th February, 2021 as the date on which the provisions of section 52 and section 66 of Companies (Amendment) Act, 2020 will come into force. Section 52 of Companies (Amendment) Act, 2020 inserts CHAPTER XXIA in Companies Act, 2013 (after section 378) related to PRODUCER COMPANIES. Section 66 of Companies (Amendment) Act, 2020 […]

Center for e-Governance, Karnataka to share Information with CBDT

February 11, 2021 864 Views 0 comment Print

Order u/s 138 of the Income-tax Act, 1961 for sharing of information with Chief Executive Officer, Center for e-Governance, Govt. of Karnataka vide Notification No. 05/2021 dated 11th February , 2021. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, the 11th February , 2021 Notification No. […]

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