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Conveyance allowance will not be a ‘wage’ under ESI Act: ESIC

November 8, 2021 11541 Views 1 comment Print

Hon’ble Supreme Court, in M/s Texmo Industries Vs. ESIC held that the payment of Conveyance Allowance on the fact of present case does not fall under the definition of term ‘wages’ as defined in section 2(22) of the ESI Act.

Investment by Foreign Portfolio Investors (FPIs) in Debt Review

November 8, 2021 1074 Views 0 comment Print

FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR.

MahaRERA streamline process of hearing/disposal of complaints

November 8, 2021 2664 Views 0 comment Print

Following further procedure is prescribed in the matter of hearing to be conducted by the MahaRERA Conciliation and Dispute Resolution Forum in referred conciliation matters (online complaints) transferred by MahaRERA so as to achieve speedy disposal of complaints.

SEBI permits FPIs (surrendering registration) to write-off all debt securities

November 8, 2021 711 Views 0 comment Print

SEBI permitted FPIs to write-off all debt securities in their beneficiary account which they are unable to sell for any reason. This shall be applicable only to such FPIs who wish to surrender their registration.

Procedure to be followed in scrutiny of GST returns & Action

November 7, 2021 11082 Views 1 comment Print

The proper officer may scrutinize the returns and related particulars furnished by a registered person to verify the correctness of the returns filed. Specific instances have come to the notice wherein proper procedures have apparently not been followed during the scrutiny of returns and thenceforth actions.

GST Proper officer functions scrutiny, assessment, detention, seizure, release & refund

November 7, 2021 2532 Views 0 comment Print

Presently, the scrutiny of annual returns for the year 2017-18 is being done. Since defect notices are given after a larger time span, the defects perpetually get accumulated. The dealers will find it challenging to remit the consequent taxes, penalties, and interest being substantially larger amounts. The tax compliance mechanism will thus get much complicated, and the dealers forced to pursue long-driven litigation.

Norms for processing investor’s service request by RTAs & for furnishing PAN, KYC details & Nomination

November 3, 2021 6147 Views 0 comment Print

SEBI notifies Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination

EPFO enhances ex-gratia Death Relief Fund to Rs. 8 Lakhs for Non-Covid death

November 2, 2021 3075 Views 0 comment Print

Enhancement of Ex gratia Death Relief Fund of Rs. Eight Lakhs in the event of death of an employee of the Central Board due to Non -Covid-19 (normal death) -Regarding. File No.B-11/1/2020–HRM-VI/3362 EPFO, HEAD OFFICE MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA 14, BHIKAIJI CAMA PLACE. NEW DELHI 110066 www,epfindia.gov.in 02 NOV 2021 To, […]

Format of Deceleration of Income Tax Deduction Claimed & House Rent Receipt

November 2, 2021 23718 Views 0 comment Print

Proof of savings/documents viz. insurance premium receipt, NSC, Infrastructure Bond, PPF Bank Statement, Housing Loan Certificate from bank, rent receipt, Copy of House Owner’s Pan Card etc

SOP on application filed under SEBI (LODR) Regulations, 2015 w.r.t. Scheme of Arrangements

November 1, 2021 3222 Views 0 comment Print

Standard Operating Procedure (SOP) on application filed under Regulation 37 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 w.r.t. Scheme of Arrangements

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