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The Ministry of Corporate Affairs (MCA) notified that the provisions of the Companies (Amendment) Act, 2020 will be enforced from 21 December 2020. The 17 provisions includes Section 1; Section 3; Sections 6 to 10 (both inclusive); Sections 12 to 17 (both inclusive); Clauses (a) and …

1. In a major setback, India, three months after losing Vodafone arbitration case, has lost another arbitration case related to a tax dispute to the UK oil major Cairn Energy Plc. The international arbitration tribunal, in a verdict that came on Tuesday night, has asked India …

1. ICAI announced the result of Certificate Course on Forex and Treasury Management held on 7th & 8th November 2020. 2. List of candidates provided in the pdf given here:- https://resource.cdn.icai.org/62528ccmip50576.pdf

Judgement:- The Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT) quashed the quashes demand of service tax on Commission received from foreign companies. Facts of the case The appellant, Wintech Taparia Ltd. is a manufacturer of food processing machines. The appellant is also registered under service …

1. Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) – Adv. Information Technology Test – Computer Based Mode (CBT) It has been decided to conduct Advanced ICITSS – Adv. IT Test – in Computer Based Mode (CBT) on Tuesday, the 12th January 2021 …

a) The Income Tax Department has introduced the ‘Jhatpat Processing’ with the tagline of File Karo Jhat Se, Processing Hogi Pat Se which means file your income tax return and get it processed quickly. b) The Jhatpat Processing has already started for ITR-1 and 4 and …

1. Ministry of Corporate Affairs has provided further relaxation in registration for the inclusion of the name of Independent Directors in the Independent Directors Data Bank up to 1st December 2021 and also the criteria for registration has been relaxed and the period of ten years …

1. The Institute of Chartered Accountants of India has issued the ICAI Valuation Standards 2018 to ensure the consistent, uniform and transparent valuation policies for the members undertaking the Valuation Assignments. With a vision to promote best practices in this niche area of practice, the Standards …