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As per Section 285BA of the Income Tax Act read with rule 114E of Income Tax Rules 1962, specified reporting persons are required to furnish statement of financial transactions in Form No. 61A for FY 2019-20 by 30th June 2020In view of Notifications No. 3/ 2018 dated 5th April 2018, the registration, statement upload and ...
Explanation to the sections of the Finance Act, 2020 that have came into force are as follows :- Section 118 – Amendment to section 2(118), sub-clauses (c) and (d) of the CGST Act,2017 – i.e., inclusion of Dadra and Nagar Haveli and Daman and Diu and Ladakh under the definition of Union Territories. Section 125 ...
GSR……(E).- In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of ...
MCA (Ministry of Corporate Affairs) issued companies (Appointment and Qualification of Directors) 3rd Amendment Rules 2020 on 23rd June 2020 and this is regarding with the period of registering Independent Directors in Data Bank, got extended from 7 months to 10 months (as per the Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 ...
This Tax Alert summarizes a recent ruling of the Supreme Court (SC), in a batch of cases with the lead case being that of Venkatesh Premises Cooperative Society Ltd. (Taxpayer or Society), wherein the issue before the SC was whether the receipt of transfer charges, non-occupancy charges and premium received, for allotment of occupancy rights ...
May, 31st 2019 RBI/2018-19/190 DBR.AML.BC.No.39/14.01.001/2018-19 Government of India, vide Gazette Notification G.S.R. 108(E) dated February 13, 2019, has notified amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, an Ordinance, “Aadhaar and other Laws (amendment) Ordinance, 2019”, has been notified by the Government amending, inter alia, the Prevention of Money Laundering Act, ...
