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Continuous disclosures in compliances by InvITs – Amendments

July 22, 2021 1158 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 1374 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 5352 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 2046 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 3333 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 4233 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 1395 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 1473 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.

IFSCA (Issuance and Listing of Securities) Regulations, 2021

July 16, 2021 7971 Views 0 comment Print

(1) These regulations may be called the International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021. (2) They shall come into force on the date of publication in the Official Gazette.

GST on lease transaction between different registrations of same company

July 16, 2021 4380 Views 0 comment Print

In re Chep India Private Limited (GST AAR Karnataka) 1. Whether the pallets, crates and containers (equipment) leased by CHEP India Private Limited (CIPL or applicant) located and registered in Karnataka to its other GST registration located across India (say CIPL, Kerala) would be considered as lease transaction and accordingly taxable as supply of services […]

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