Mechanism with regard to Margin obligations by of pledge to be implemented from August 01, 2020

In view of the prevailing situation due to Coivid-19 pandemic, partial lockdowns in various areas of the country, representations received from the stock brokers and stock broker associations and that…

Continue ReadingMechanism with regard to Margin obligations by of pledge to be implemented from August 01, 2020

Losses already set off against profit of other business not to be reduced notionally while computing profit u/s 80-IA

INCOME TAX : Assessee, while determining eligible profit, is not required to notionally reduce losses arising from eligible business in earlier years already set off against other business of assessee…

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Notice issued to authorised representative of assessee is deemed as notice issued to assessee

INCOME TAX: Where assessee filed writ petition challenging reassessment order on grounds that notice under section 148 was not served upon him, in view of fact that authorized representative appeared…

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Timelines for compliance with regulatory requirements by Trading members and RTAs extended: SEBI

In view of the prevailing situation due to Covid-19 pandemic and representations received from the Stock Exchanges, SEBI has decided to further extend the timelines for compliance with the regulatory…

Continue ReadingTimelines for compliance with regulatory requirements by Trading members and RTAs extended: SEBI

Losses already set off against profit other business not to be reduced notionally while computing profit u/s 80-IA

INCOME TAX : Assessee, while determining eligible profit, is not required to notionally reduce losses arising from eligible business in earlier years already set off against other business of assessee…

Continue ReadingLosses already set off against profit other business not to be reduced notionally while computing profit u/s 80-IA

Notice issues to authorised representative of assessee is deemed as notice issued to assessee

INCOME TAX: Where assessee filed writ petition challenging reassessment order on grounds that notice under section 148 was not served upon him, in view of fact that authorized representative appeared…

Continue ReadingNotice issues to authorised representative of assessee is deemed as notice issued to assessee

Petitioner to approach RoC for activation of DIN and DSC for filing of STK-2 to enable strike off of name of Co.

COMPANY LAW: Where petitioners did not intend to continue company, to file returns and make statutory uploadings of form STK-2 so as to enable a 'strike off' name of company,…

Continue ReadingPetitioner to approach RoC for activation of DIN and DSC for filing of STK-2 to enable strike off of name of Co.