Formation of new district in the State of Karnataka – Assignment of Lead Bank Responsibility
May 27, 2021 The Chairman / Managing Director & Chief Executive OfficerAll Lead Banks Dear Sir/Madam, The Government of Karnataka vide Gazette Notification No.RD/04/LRD/2019 dated February 08, 2021 had notified…
Income- tax (16th Amendment) Rules, 2021.
G.S.R. 338 (E).— In exercise of the powers conferred by section 50B read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes…
Clarification regarding the limitation time for filing of appeals before the CIT(Appeals) under the Income-tax Act,1961 (the Act)
New Delhi, Dated 25th May, 2021 1. The Central Board of Direct Taxes has issued Circular NO. 8 of 2021 on 30th April 2021 providing various relaxations till 31 st…
Procedure for exercise of option under sub-section (1) of section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-rule (1) of Rule 44DA of Income-Tax Rules, 1962
New Delhi, the 24th May,2021 In exercise 01 the powers conferred by the Department 01 Revenue, Ministry 01 Finance, under sub-rule (3) and sub-rule (4) 01 Rule 44DA 01 the…
Amalgamation of District Central Co-operative Banks (DCCBs) with the State Cooperative Bank (StCB) – Guidelines
May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs)…
Relaxation in timeline for compliance with various payment system requirements.
May 21, 2021 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks, including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks…
Clarification on offsetting the excess CSR spent for FY 2019-20
Dated: 20th May 2021 To,All concerned stakeholders. Madam/ Sir, Keeping in view the spread of COVID-19 in India, an appeal dated 30.03.2020 was made to MDs/CEOs of top 1000 companies…
Prepaid Payment Instruments (PPIs) –(i) Mandating Interoperability;(ii) Increasing the Limit to ₹2 lakh for Full-KYC PPIs; and (iii) Permitting Cash Withdrawal from Full-KYC PPIs of Non-Bank PPI Issuers
May 19, 2021 All Bank and Non-Bank Prepaid Payment Instrument Issuers,System Providers and System Participants Madam / Dear Sir, This has reference to paragraphs 10 and 11 of the Statement…
Extension of various Due dates under the Income Tax Act 1961
Circular No. 9 of 2021 – dt 20th May 2021 Due dates of following compliances have been extended by the Central Board of Direct Taxes (CBDT) to provide relief to…
Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration under section 30 of the CGST Act, 2017 and rule 23 of the CGST Rules, 2017
New Delhi, dated the 18th May, 2021 To,The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) Madam/Sir, As you are aware vide Finance…