1. The Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Alternative Investment Funds) Fifth Amendment) Regulations, 2021 which is in relation to co-investment made by investors of Alternative Investment Funds. 2. After clause (f) of sub-regulation (1) of …
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench quashed penalty on Goods Imported from Bangladesh as no Customs duty was short paid due to collusion, willful misstatement, and the South East Asia Free Trade Agreement (SAFTA) Certificate was duly verified. Facts of the …
a) The Income Tax Department has announced the roll-out of a new statement namely Annual Information Statement (AIS) which would provide you with almost all details about your financial transactions during the year. The Income Tax Department has been issuing Form 26AS to provide information related …
1. The Securities and Exchange Board of India (SEBI) has notified the the Securities and Exchange Board of India (Portfolio Managers) (Fourth Amendment) Regulations, 2021 which seeks to amend Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020. “Alternative Investment Fund” shall have the same …
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the expenses towards reclamation and rehabilitation of mine area shall be allowable as a deduction under 37 of the Income Tax Act, 1961. Facts of the case:- The assessee is a partnership firm and is …
1. As a major push in technology and digitalization, Delhi Customs Zone took three important initiatives today. An online facility for scheduling examination of Import cargo with the aim of minimizing the physical interface of trade with Customs and other stakeholders was launched. It is a …
In a major relief to Honda Motorcycle and Scooter India Pvt. Ltd, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to delete Addition on account of capitalization of royalty expenses by holding it to be revenue in nature. Facts of the case:- …
1. The Institute of Chartered Accountants of India (ICAI) has notified that Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) will be conducted on 25th November 2021 through Computer Based Mode (CBT). It is noteworthy, eligibility Criteria i.e., Advanced ICITSS – Advanced IT …
1. The Institute of Chartered Accountants of India (ICAI) has issued the clarification regarding Difficulties faced by Members in exercising the option to get polling booths re-allotted. 2. The entire online process of submission of options for re-allotment of polling booths as well its architecture was …