TaxLiner | Summarizing Laws

2021-05-14 11:30:11 Daily #Statutory News By @HubofCA:

• CBDT notifies 3 more pension funds for Sec. 10(23FE) exemption

• Govt. notifies 2 more sovereign wealth funds for Sec. 10(23FE) exemption

• CBIC will start “Special Refund and Drawback Disposal Drive” for disposal of all pending refund amp; drawback claims from 15.5.21 to 31.5.21

• Govt. issues Sovereign Gold Bond Scheme 2021-22

• SEBI specifies MF and AIF as qualified financial market participants

• Sponsor Contribution to an AIF set up in Overseas Jurisdiction to be treated as ODI: RBI

• SEBI issues norms for seeking prior approval for change in control of SEBI registered Portfolio Managers

• IRDA issues regulations on the preparation of Financial Statements and Auditor’s Report of Insurance Co. ओपन / कमेंट

2021-05-14 08:17:25 Solara Becomes Bigger

https://mnacritique.mergersindia.com/solara-becomes-bigger/ ओपन / कमेंट

2021-05-14 06:30:09 One Liner Top-Stories Update:

CS Examination, June: ICSI re-opens Online Window due to Pandemic

Pandemic & Fallacy of Indian Exchequer

Telangana High Court restrains Authority from declaring Company as Defaulter under SVLDR Scheme, stays Proceedings against Directors

Govt notifies Special Courts in Tripura to deal with Income Tax and Black Money Cases

Transfer of Unspent CSR Amount to Specific Account: ICAI issues FAQ on recently Amended Rules

ITAT deletes Disallowance made on Bonus, Commission paid to the Directors as per Agreements of Appointment

DGFT Extends Validity of Registration cum Membership Certificate beyond March 31, 2021 due to COVID-19

Join @HubofCA for Daily #StatNews ओपन / कमेंट

2021-05-13 21:15:09 One-Liner Exclusive IncomeTax Updates:

• Establishment of material facts & circumstances on basis of evidences cannot be done by High Court under Article 226 of Constitution: HC

• If bank is already valuing its securities at the lesser between investment at costs or market price, then AO cannot further revalue such securities for tax purposes: ITAT

• Surplus funds kept in fixed deposits having inextricable link with project - interest earned must be reduced from work in progress & cannot be assessed as income from other sources: ITAT

• Re-opening of assessment is unsustainable where based entirely on information received from Investigating Wing: ITAT

• Addition u/s 68 cannot sustain when assessee proves identity of investor, its creditworthiness and genuineness of transaction: ITAT

Join @HubofCA for Exclusive #IncomeTax News

Note: There were typo error in source code of Income Tax News, it has been fixed and from now news will posted as per the schedule. Keep Sharing!!
@Butti15 ओपन / कमेंट

2021-05-13 14:31:58 A transition away from LIBOR – What it means for ECB lending in India

https://corporate.cyrilamarchandblogs.com/2021/05/a-transition-away-from-libor-what-it-means-for-ecb-lending-in-india/ ओपन / कमेंट

2021-05-13 13:02:09 One-Liner Latest Business News:

• IIP enters positive territory after two months, grows 22.4% in March

• Rs 18,100-crore PLI scheme to promote ACC battery manufacturing

• 12,930 companies shut down operations in financial year 2020-21

• Passenger vehicle sales dip 10% in April

• Cadila arm to sell animal health business for Rs 2,921 crore

• Retail inflation cools to 3-month low of 4.29 per cent in April

• IIP enters positive territory after two months, grows 22.4 pc in March

• Sensex tanks 471 points; Nifty drops below 14,700

Join @HubofCA for #BizNews ओपन / कमेंट

2021-05-13 11:21:21 Please refer the attached file for the list of forms for which additional fee waiver is made available as per Circular no. 06/2021 and 07/2021. Stakeh...
http://www.mca.gov.in/Ministry/pdf/FeeWaiver_13052021.pdf ओपन / कमेंट

2021-05-13 08:57:25 HT Media Limited: Consolidating Businesses

https://mnacritique.mergersindia.com/ht-media-digicontent-next-mediaworks-consolidation/ ओपन / कमेंट

2021-05-13 06:30:09 One Liner Top-Stories Update:

Pandemic & Fallacy of Indian Exchequer

Telangana High Court restrains Authority from declaring Company as Defaulter under SVLDR Scheme, stays Proceedings against Directors

Govt notifies Special Courts in Tripura to deal with Income Tax and Black Money Cases

Transfer of Unspent CSR Amount to Specific Account: ICAI issues FAQ on recently Amended Rules

ITAT deletes Disallowance made on Bonus, Commission paid to the Directors as per Agreements of Appointment

DGFT Extends Validity of Registration cum Membership Certificate beyond March 31, 2021 due to COVID-19

No Service Tax on Remuneration received by Partner of a Firm: CESTAT

Join @HubofCA for Daily #StatNews ओपन / कमेंट

2021-05-12 18:10:37 Moneycontrol Market Reports
Taking Stock | Market falls 1% on weak global cues; metals drag, PSU banks gain

@HubofCA ओपन / कमेंट