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IRDAI Standards & Benchmarks for Hospitals in provider Network- Reg.

July 23, 2021 1236 Views 0 comment Print

Standards and Benchmarks for the Hospitals in the provider Network- taking into consideration the prevailing COVID-19 pandemic, the timelines for complying with the standards and benchmarks stands extended for a further period of one year for all the existing network providers as on the date.

BO settlement account in all CBS Post Offices to be blocked w.e.f. 01.08.2021

July 22, 2021 2460 Views 0 comment Print

Keeping in view of duplicacy of work at account office and risk of fraud, competent authority has decided to block BO settlement account (SOL ID-0339) in all CBS Post Offices w.e.f. 1st August 2021. BOs attached with CBS post offices shall do POSB transactions in RICT CBS application only. SB Order No. 21/2021 F. No. […]

Continuous disclosures in compliances by InvITs – Amendments

July 22, 2021 858 Views 0 comment Print

All complaints including SCORES complaints received by the InvIT shall be disclosed in the format mentioned in Annexure – A on the website of the InvIT and also filed with the recognized stock exchange(s), where its units are listed within 21 days from the end of financial year or end of quarter, as the case may be

Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2021

July 22, 2021 1116 Views 0 comment Print

(1) These rules may be called the Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Transfer / postings of 281 officers in ACIT/DCIT grade

July 20, 2021 4236 Views 0 comment Print

Office Order 182 of 2021 – Transfer / postings of the 281 officers in the grade of Assistant Commissioner / Deputy Commissioner of Income Tax – reg.  F.No.A.22013/1/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 20th July, 2021 Office Order No. […]

Release of module for review of Appeal Orders & filing of APL-07

July 20, 2021 1455 Views 0 comment Print

Functionalities built for Review of Appeal Order and filing of APL-07 by the Tax Department, are now available for use by officers in the review section of executive commissionerates.

Interest earned out of share application is adjustable towards share issue expense

July 19, 2021 2712 Views 0 comment Print

The issue with respect to tax treatment of interest earned out of the share application money deposited with a bank due to a statutory requirement has been a matter of debate before the Courts. Being a subject matter of discussion for a number of years, closure for the same has been achieved after the Ruling of the Apex Court of India.

Block Mechanism in demat account of clients undertaking sale transactions

July 16, 2021 3858 Views 0 comment Print

If securities for sale are blocked in the depository system in favour of clearing corporation, all margin would deemed to have been collected and penalty for short/non collection of margin including other margins shall not arise. The facility of block mechanism shall be available to the clients from August 01, 2021.

SEBI introduces Expected Loss (EL) based Rating Scale

July 16, 2021 975 Views 0 comment Print

Expected Loss (EL) based Rating Scale may be used by CRAs for ratings of projects/ instruments associated with infrastructure sector to begin with:

Narcotic Drugs and Psychotropic Substances (Second Amendment) Rules, 2021

July 16, 2021 1164 Views 0 comment Print

These rules may be called the Narcotic Drugs and Psychotropic Substances (Second Amendment) Rules, 2021 They shall come into force on the date of their publication in the Official Gazette.

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