• Fri. Jan 24th, 2025

CBDT extends Time Limit for Income Tax Assessment

New Delhi, the 27th April, 2021 S.O. 1703(E).— In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of…

Income Tax (Eleventh Amendment) Rules, 2021 – Amendment in Rule 2DB and Substitution of Form No.10BBA

New Delhi, the 26th April, 2021 G.S.R. 291(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation 1 to the clause (23FE) of section 10 read…

Seeks to make second amendment (2021) to CGST Rules.

New Delhi, the 27th April, 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…

Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)

April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir,Guidelines for Appointment of…

Corporate Governance in Banks -Appointment of Directors and Constitution of Committees of the Board

April 26, 2021 To Commercial Banks(as per applicability) Madam / Sir, Corporate Governance in Banks –Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance…

Order under section 119 of the Income-tax Act, 1961

Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along…

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

Dated: 23,d March, 2021 Sub : Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 – 1. With the objective to inter alia reduce pending income tax…

Declaration of dividends by banks

April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income by Reporting Entities

New Delhi, 20 April, 2021 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income Section 285BA of the Income Tax Act, 1961 and Rule…

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income by Reporting Entities

New Delhi, 20 April, 2021 Section 285BA of the Income Tax Act, 1961 and Rule 114E requiresspecified reporting persons to furnish statement of financial transaction (SFT). 2. For the purposes…