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Govt not planning to make it mandatory for companies to create a corpus for disaster management

March 27, 2022 393 Views 0 comment Print

Whether the Government is planning to amend the Corporate Social Responsibility (CSR) rules under the Companies Act, 2013 to make it mandatory for the companies to create a corpus for disaster management;

All about Aadhaar PVC Card

March 26, 2022 5265 Views 0 comment Print

Q.1 What are the different forms of Aadhaar and what are their features? Ans. The Unique Identification Authority of India (UIDAI) has introduced various forms of Aadhaar from time to time for the convenience of residents: Aadhaar Letter: Paper-based laminated letter with secure QR Code with Issue Date and Print Date. Aadhaar letter is sent to […]

AO cannot impose penalty without proving concealment by assessee

March 26, 2022 2637 Views 0 comment Print

Jhodinda Bhojpura Gram Sewa Sahakari Samiti Ltd Vs ITO (ITAT Jaipur) It is well-settled that assessment proceedings and penalty proceedings are separate and distinct and as held by the Supreme Court in the case of Ananthraman Veera singhaiah & Co.Vs. CIT [1980] 123 ITR 457, the finding in the assessment proceedings cannot be regarded as […]

Insurance claim cannot be denied merely for alleged involvement of Person Insured in Multiple Motor Accidents

March 26, 2022 759 Views 0 comment Print

Divisional Manager, National Insurance Co. Ltd. Vs Sunil Majhi (Orissa High Court) HC held that no logic is there in the contention of the Appellant that because the accused is involved in more than one accident at different points of time, the claim of compensation contemplated under Sec.166 of the M.V. Act would be nullified […]

Streamlining the Timelines followed in Open Offers & Buy-back Tender Offers

March 25, 2022 3954 Views 0 comment Print

The proposed changes in the timelines of procedural activities would help reduce the overall time taken for completion of Open Offer from 62 working days to 42 working days and overall time for completion of Buyback from 43 working days to 36 working days, which would be investor-friendly and make the process more efficient.

DGTR recommended Anti Dumping Duty on 30 Chinese Products

March 25, 2022 504 Views 0 comment Print

Anti Dumping Duty On Chinese Products The Central Government (Department of Revenue, Ministry of Finance), on the basis of the recommendations of the Directorate General of Trade Remedies (DGTR), Department of Commerce, has imposed  anti-dumping duty for five years on five Chinese products recently namely certain flat rolled products of aluminium, sodium hydrosulphite, silicone sealant, […]

Job Creation Under Make In India

March 25, 2022 381 Views 0 comment Print

The ‘Make in India’ initiative was launched on 25th September, 2014 to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. It is one of the unique ‘Vocal for Local’ initiatives that promoted India’s manufacturing domain to the world.

Resident Indian bound to repatriate income earned on assets held outside India

March 25, 2022 3849 Views 0 comment Print

In general, a person resident in India to whom any amount of foreign exchange is due or has accrued is duty bound to take all reasonable steps to realise and repatriate such foreign exchange to India, save as otherwise provided under the provisions of Foreign Exchange Management Act, (FEMA), or the rules and regulations made thereunder, or with the general or special permission of the Reserve Bank.

Impact of Covid-19 On Economy

March 25, 2022 723 Views 0 comment Print

As per the 1st Revised Estimates released by National Statistical Office (NSO), Ministry of Statistics and Program Implementation (MoSPI), India’s real Gross Domestic Product (GDP) is estimated to have contracted by 6.6 per cent during FY 2020-21. This contraction reflects the unparalleled effect of the COVID-19 pandemic and the containment measures that were taken to control the pandemic.

All about Aadhaar SMS Service

March 25, 2022 858 Views 0 comment Print

Q.1 What is Aadhaar SMS Service? Ans. Unique Identification Authority of India (UIDAI) has introduced a service called “Aadhaar Services on SMS” which enables Aadhaar Number holders, who do not have access to internet/resident portal/m-Aadhaar etc. to use various Aadhaar services like Virtual ID generation/retrieval, Aadhaar lock/unlock etc. through SMS. Resident can avail Aadhaar Service […]

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