Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and…
Seeks to exempt taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual return for FY 2020-21.
New Delhi, the 30th July, 2021 G.S.R……(E).— In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12…
Seeks to amend Rule 80 of the CGST Rules, 2017 and notify Form GSTR 9 and 9C for FY 2020-21. Rule 80 provides for exemption from GSTR-9C to taxpayers having AATO upto Rs. 5 crores.
New Delhi, the 30th July, 2021 G.S.R……(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government,…
Seeks to notify section 110 and 111 of the Finance Act, 2021 w.e.f. 01.08.2021.
New Delhi, the 30th July, 2021 S.O. ….. (E). – In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance Act, 2021…
CBDT Notifies ‘Ontario Inc’. As pension fund for Section 10 (23FE) Exemption.
New Delhi, the 3rd August, 2021 (INCOME-TAX) S.O. 3114(E).—In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of…
Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions)
August 02, 2021 The Chairman and Managing Directors/ Managing Director/ CEO All Agency Banks Dear Sir / Madam Please refer to our circular RBI/2007/291 DGBA.GAD.No.H-14061/31.04.008/2006-07 dated March 21, 2007 vide…
Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
August 3, 2021 The Chairman / Managing Director / Chief Executive Officer All Non-Bank Payment System Operators Madam / Dear Sir, The Payment System Operators (PSOs), by virtue of services…
Extension of time lines for electronic filing of various Forms under the Income-tax Act,1961
1. On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 (Act) read with Income-tax Rules,1962…
Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
July 29, 2021 All deposit taking Housing Finance Companies (HFCs) Madam/ Dear Sir, A reference is invited to Para 25.2 of Master Direction – Non-Banking Financial Company – Housing Finance…
Income-tax (21st Amendment) Rules, 2021.
New Delhi, the 29th July, 2021 G.S.R. 514(E).––In exercise of the powers conferred by section 295 of the Income-tax Act, 1961, (43 of 1961) the Central Board of Direct Taxes…