The Central Board of Direct Taxes (CBDT) vide its Notification No 92/2021 dated 10th August 2021 notifies the Rule 10RB for allowing relief in tax payable under sub-section (1) of section 115JB due to operation of subsection (2D) of section 115JB. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the
The Central Board of Direct Taxes (CBDT) vide its Notification No 87/2021 dated 4th August 2021 designates the Special Courts for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)NOTIFICATIONNew Delhi, the 4th August
Interest Liability under GST… 18% or 24%? It has been observed that The Goods and Services Tax (‘GST’) Authorities are demanding interest at 24 percent for Input Tax Credit (‘ITC’) claimed wrongfully or in excess or for any other matter and many taxpayers are made to pay 24 percent without protesting the same. The demand
Hon’ble Supreme Court in the case of CIT (Exemption) V/s Batanagar Education and Research Trust orders that cancellation of registration of trust is justified if trust misuses the certificate by receiving bogus donations. Full text of the SC Order:- 1. This appeal challenges the judgment and order dated 09-10-2018 passed by the High Court at
The Central Board of Direct Taxes (CBDT) vide its Notification No 84/2021 dated 3rd August 2021 notifies the “2726247 Ontario Inc.” as specified pension fund u/s 10(23FE) of Income Tax Act 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August 2021 (INCOME-TAX) S.O. 3114(E).—In exercise of
SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd August 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/35.—In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th July 2021 G.S.R. 520(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:— 1. (1) These
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 64/2021 – Customs (N.T.) dated 30th July 2021 further extended the transitional provisions of Sea Cargo Manifest & Transhipment Regulations 2018. Authorized sea carrier to continue to deliver the cargo declaration in old Forms. till 31st August 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 31/2021 – Central Tax dated 30th July 2021 exempts the registered person whose aggregate turnover in the financial year 2020-21 is up to Rs 2 Crores from filing Annual Return GSTR-9 for the financial year 2020-21. Government of India Ministry of Finance
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 30/2021 – Central Tax dated 30th July 2021 notify the amendment in Form 9 Annual Return and Form 9C Reconciliation Statement for the FY 2020-21 and Part-B of Form GSTR-9C has been omitted. Government of India Ministry of Finance (Department of Revenue)
