Income tax Amendment (18th Amendment), Rules, 2021.
G.S.R. 470(E).—In exercise of the powers conferred by section 48 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes…
Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961
Dated: 2nd July, 2021 Finance Act, 2021 inserted a new section 98 in the Income-tax Act 1961 (hereinafter referred to as “the Act”). This section mandates that whenever a specified…
Seeks to waive penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 2020
New Delhi, the 30th June, 2021 G.S.R……(E).- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in…
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013
Dated: 30th June, 2021 То The DGCOA, All Regional Directors, All Registrars of Companies, All Stakeholders. Sir/Madam, In continuation of this Ministry’s General Circular No.07/2021 dated 03.05.2021 on the captioned…
Guidelines under section 194Q of the Income-tax Act, 1961
Finance Act, 2021 inserted a new section 194Q in the Income-tax Act 1961 (hereinafter referred to as “the Act”) which takes effect from I st day of July, 202 I.…
Relaxation on levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 – Extension of time.
Dated: 30th June, 2021 То The DGCOA, All Regional Directors, All Registrars of Companies, All Stakeholders. Sir(s). In continuation to this Ministry’s General Circular No. 06/2021 dated 03.05.2021 and on…
Review of Instructions on Interest on overdue domestic deposits
July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear…
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit – Extension
July 1, 2021 All Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Please refer to the instructions issued vide…
Guidelines for Managing Risk in Outsourcing of Financial Services by Cooperative Banks
June 28, 2021 The Chief Executive Officer All Co-operative Banks Madam / Dear Sir, It is observed that the co-operative banks are increasingly using outsourcing as a means for reducing…
Why you should care about inventory accounting
R.Mohan Earning profits is a key objective of every business enterprise and properly accounting for costs can alter profitability. And one key cost is that of inventory. In a continuous…