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Month: April 2021

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  • Powers granted to Assistant / Deputy commissioner of Income tax to serve notice on assessment under section 143(2).

Powers granted to Assistant / Deputy commissioner of Income tax to serve notice on assessment under section 143(2).

S.O. 1437(E).—In exercise of powers conferred under sub-section (2) of section 143 of Income-tax Act, 1961 (43 of 1961) (the Act) read with Rule 12E of the Income-tax Rules, 1962,…

Powers and functions of Regional Faceless Assessment centre to conduct the Faceless Assessment proceedings.

S.O. 1435(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the said Act),…

Note on Keyman Insurance Policy

RVKS and AssociatesChartered Accountants Who is a Keyman? • Employee of high financial or strategic importance.• With unique technical skills or expertise.• Employee/ Executive who is core to the operation…

Powers and functions of National Faceless Assessment Centre to conduct the Faceless Assessment proceedings.

New Delhi, the 31st March, 2021 S.O. 1434(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 (43 of 1961)…

Insertion to rule 12 – Return of Income and return of fringe benefits and substitution of ITR forms in principal rules of Income tax rules,1962.

New Delhi, the 31st March, 2021 G.S.R. 242(E).-In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central…

MASTER CIRCULAR – Lead Bank Scheme

April 01, 2021 The Chairmen/ Managing Directors/ Chief Executive OfficersSLBC/ UTLBC Convenor Banks / Lead Banks Madam/ Dear Sir, MASTER CIRCULAR – Lead Bank Scheme The Reserve Bank of India…

Master Circular – Facility for Exchange of Notes and Coins

April 01, 2021 The Chairman/ The Managing Director/The Chief Executive OfficerAll Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes and Coins Please refer to the…

Master Circular – Detection and Impounding of Counterfeit Notes

April 1, 2021 The Chairman/ Managing Director /Chief Executive OfficerAll Banks andDirector of Treasuries of all States Dear Sir / Madam, Master Circular – Detection and Impounding of Counterfeit Notes…

Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the members of public

April 01, 2021 The Chairman/Managing Director/Chief Executive OfficerAll Banks Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the…

Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of public

April 01, 2021 The Chairman/Managing Director/Chief Executive OfficerAll Banks Madam / Dear Sir, Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on…