Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) – Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra
Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank was placed under All-Inclusive Directions under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on September 23, 2019 vide Directive DCBS.CO.BSD-1/D-1/12.22.183/1...
Exemption from Completion of Orientation Course (OC) and Information Technology Training (ITT) before admission in Practical Training on or before 30th April, 2020.
Announcement Exemption from Completion of Orientation Course (OC) and Information Technology Training (ITT) before admission in Practical Training on or before 30th April, 2020.The Council at its meeting held on 20th March,2020 invoked the powers under Regulation 205 of The Chartered Accountants Regulations, 1988 and decided to pass th...
Exemption from Completion of Management and Communication Skills Course (MCS Course) & Advanced Information Technology Training (Adv.ITT) to appear in Final May 2020 Examination
Announcement Exemption from Completion of Management and Communication Skills Course (MCS Course) & Advanced Information Technology Training (Adv.ITT) to appear in Final May 2020 ExaminationThe Council at its meeting held on 20th March,2020 invoked the powers under Regulation 205 of The Chartered Accountants Regulations, 1988 and decided to pa...
10 key factors that will keep traders busy this week Market Week Ahead
Needless to say, global cues and developments around the coronavirus pandemic would dictate the market trend ahead also," Ajit Mishra of Religare Broking said. The bleeding continued in equity markets as the novel coronavirus further tightened its grip over Dalal Street in the week ended March 20, though there was some short covering on Friday whi...
Notification No.27/2020 CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.20/2020-CUSTOMS (N.T.), dated 5th March, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Cu...
18 LPA-Opening Senior Chartered Accountant
6 - 8 yearsSalery: 14,00,000 - 18,00,000 P.A.Role: Chartered AccountantIndustry Type: Accounting, FinanceFunctional Area: Accounts, Finance, Tax, Company Secretary, AuditEmployment Type: Full Time, PermanentRole Category: AccountsEducationUG : Any Graduate in Any SpecializationPG : CA in CADoctorate : Doctorate Not RequiredContact Person: Mukesh Ch...
RBI Announces OMO Purchase of Government of India Dated Securities
The response to the open market purchase auction conducted on March 20, 2020 has been positive. Meanwhile, with the COVID-19 related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight. The RBI’s endevour is to ensure that all markets segments function normally with adequate liquidit...
Request for Information for comprehensive review of IFRS for SMEs Standard issued by the IASB for comments.
IntroductionInternational Accounting Standards Board (IASB) commences second comprehensive review of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). IFRS for SMEs Standard are applied for general purpose financial statements of small companies, primarily; small and medi...
Service Tax Audit under GST is permissible: Delhi HC
The Delhi High Court has ruled that the Service Tax Audit under Goods and Service Tax (GST) is permissible. The petition was filed by Aargus Global Logistics Pvt. Ltd on the ground that Section 174(2)(e) of the Central Goods and Service Tax (CGST) Act, 2017, which specifically empowers the authorities to institute any inquiry, investigation, verif...
RBI issues guidelines on regulation of Payment Aggregators and Gateways Read more at: https://www.taxscan.in/rbi-directs-guidelines-regulation-payment-aggregators-gateways/52961/
The Reserve Bank of India (RBI) has issued guidelines on the regulation of Payment Aggregators and Gateways. The RBI also issued directions for opening and operation of accounts and settlement of payments for electronic payment transactions involving intermediaries. Earlier RBI had passed a circular and taking into account the important functions...
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
RBI/2019-20/176DOR.No.BP.BC.41/08.12.014/2019-20 March 17, 2020 All Scheduled Commercial Banks(excluding RRBs) Madam / Dear Sir, Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing Please refer to the circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 and subsequent circulars on t...
How to file revised ITR? Step by step guide Income Tax Alert
Income Tax Alert: Every earning individual must file Income Tax Return (ITR), if the income is above Rs 2.5 lakh per annum. Income Tax Alert: An earning individual must file Income Tax Return (ITR), if income is above Rs 2.5 lakh per annum. According to the tax and investment experts, if someone is earning above the basic income tax slab means Rs ...
Indus Towers Ltd vs. ACIT (Delhi High Court)
S. 220(6) Recovery of demand: A Petitioner invoking the discretionary extraordinary writ jurisdiction of the Court is expected to approach with clean hands. Instead, there is gross suppression and misstatement, which led to a false projection of the outstanding liability due from the petitioner. Also, the Petitioner ought not to have sought adjourn...
Kaybee Pvt Ltd vs. ITO (ITAT Mumbai)
S. 92A(2): The law in Diageo India Pvt Ltd 47 SOT 252 that the definition of "Associated Enterprises" in section 92A(1)(a) & (b) is the basic rule which is unaffected by the specific instances referred to in s. 92A(2) is not good law in view of the amendment by the FA 2002 and CBDT Circular No. 8 dated 27.08.2008. The correct law as held in Vee...
Flaktgroup India Pvt. Ltd. A-1, FF, FIEE Complex, Near C Lal Chowk, Okhla Industrial Area, New Delhi Vs. ACIT Circle-9(1) C. R. Building, I.P. Estate New Delhi
1 ITA NO. 4447/Del/2019 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: `I(2) + SMC' NEW DELHI BEFORE MS SUCHITRA KAMBLE, JUDICIAL MEMBER, AND SHR...
Jayaprakash Nagar Vill. Roja Jajalpur, Dadri, Gr. Noida, Noida Uttar Pradesh Vs. ITO Ward-1(5) Noida, Uttar Pradesh
1 ITA No. 3862/Del/2019 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: `I-2 + SMC' NEW DELHI BEFORE MS SUCHITRA KAMBLE, JUDICIAL MEMBER, AND SHRI PRASHANT MAHARISH...
Market Top Gainers (BSE) 19/03/2020
Market Top Gainers (BSE) 19/03/2020 CompanyCurrent% Gain ITC 162.60 7.93 Bharti Airtel 445.05 4.42 Kotak Mahindra 1,222.70 4.24 HDFC Bank 900.20 2.47 Power Grid Corp 147.00 2.19 ...
Market Top Gainers (NSE) 19/03/2020
Market Top Gainers (NSE) 19/03/2020 CompanyCurrent% Gain ITC 161.85 7.40 Bharti Airtel 444.75 4.51 Kotak Mahindra 1,210.85 3.32 HDFC Bank 895.55 2.13 Infosys 545.55 2.11 ...
Market Top Losers (BSE) 19/03/2020
Market Top Losers (BSE) 19/03/2020 CompanyCurrent% Loss Bajaj Finance 2,748.65 -10.24 Maruti Suzuki 4,826.05 -9.85 Axis Bank 427.75 -9.50 M&M 314.70 -9.28 Tech Mahindra 530.45 -8.43 ...
Market Top Losers (NSE) 19/03/2020
Market Top Losers (NSE) 19/03/2020 CompanyCurrent% Loss Bharti Infratel 124.05 -17.24 Coal India 123.55 -14.82 Zee Entertain 141.20 -13.95 Yes Bank 53.85 -10.92 ONGC 61.05 -10.42 ...
Will govt extend these five financial deadlines amid coronavirus outbreak?
All over the country, cities have partially locked down and people are working from home - this is because people have been told to avoid crowded places. The question now arises: will the government extend some of these financial deadlines? The coronavirus outbreak could not have come at a worse time. It is the month of March and there are many fi...
Central Registry of Securitisation Asset Reconstruction and Security, New Delhi
Selection of Chartered Accountant Firm on contract basis for providing Taxation & Accounting services at CERSAI. CERSAI At 4th Floor, Office Block, Tower-1, Plate-A, NBCC, Kidwai Nagar East, New Delhi-110023, ...
National Safai Karamcharis Finance And Development Corporation, New Delhi, Delhi
National Safai Karamcharis Finance And Development Corporation, New Delhi, Delhi...
Notification No.26/2020 Central Board of Indirect Taxes and Customs
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB- SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) ...
M/s. Mohan Clothing Co. Pvt. Ltd, 2E/22, Jhandewalan Extn., New Delhi Vs. ACIT, Circle-5(1), New Delhi
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: `E', NEW DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI O.P. KANT, ACCOUNTANT MEMBER ITA No.6093/Del/2010 Assessment Year: 2002-03 And ...