Abolition of Dividend Distribution Tax – impact and challenges
The Finance Act 2020 abolished the Dividend Distribution Tax (DDT) with effect from 1 April 2020 and made the dividends taxable in the hands of the recipient. The article discusses…
CBDT further extends due date for filing of ITR for Assessment year 2019-20 to 30-11-2020
Considering the difficulties being faced by taxpayers due to the Covid-19 pandemic, the CBDT has further extended the due date for filing of revised and belated Income tax return for…
ITAT referred matter to larger bench to examine meanings of ‘paid’ appearing in Article 11 of India-Cyprus DTAA
INTERNATIONAL TAXATION : Matter referred to Larger Bench to examine connotations of expression 'paid' appearing in article 11 as in various decisions of Tribunal, there was no discussion about connotations…
RBI extends deadline for meeting last tranche of 0.625% of capital conservation buffer by further 6 months
In view of the continuing stress on account of COVID-19, the RBI has decided to defer the implementation of the last tranche of 0.625 per cent of the Capital Conservation…
The Code on Social Security, 2020 gets assent of the President
Parliament has received the assent of the President on the 28th September, 2020 The Code on Social Security, 2020. The objective of the Code is to amend and consolidate the…
President gives assent to the Industrial Relations Code, 2020
Parliament has received the assent of the President on the 28th September, 2020 on the Industrial relation Code, 2020. The objective of the Industrial relation Code, 2020 to consolidate and…
CBI investigation was justified in case involving fraudulent deals along with default in repayment of loans: HC
FEMA, BANKING & INSURANCE : Where petitioners availed huge loans which were outstanding and entered into fraudulent deals and fabrication of records, petitioner's case was not merely a civil case…
Provisions relating to powers of IFSC authority regarding Section 13, and Section 33 are effective from 01.10.2020
The Government has appointed October 01, 2020 as the date on which the provisions of the Section 13 and section 33 of the International Financial Services Centres Authority Act, 2019…
Govt. exempts primary co-operative banks from submitting financials and audit report to RBI till Dec 31, 2020
Central Government, on the recommendation of the RBI has declared that the provisions of section 31 read with clause (t) of section 56 of the said Act shall not apply…
President gives assent to the Occupational Safety, Health And Working Conditions Code, 2020
Parliament has received the assent of the President on the 28th September, 2020 on the Occupational Safety, Health and Working Conditions Code, 2020. The objective of the Code is to…