Author: Raju and Prasad Chartered Accountants

Where appellant was given excess subsidy of 25 per cent under Rajasthan Investment Promotion Scheme-2003, appellant was directed to refund same with interest of 12 per cent per annum

Vide decision of Supreme Court of India in ultratech Cement limited vs. State of rajasthan. Facts of the case: Apellant company was engaged in business [...]

For purpose of allowing benefit of deduction under section 54(1), expression ‘a residential house’ includes within its ambit plural numbers as well and, thus, it cannot be construed as one residential house only

Vide decision of High Court of Karnataka in Arun K. Thaigarajan Vs Commissioner of Income Tax (Appeals)-II Facts of the case: The assessee was the owner [...]

General order for extension of time to hold AGM for F.Y. 2019-20

MCA vide Press Release Dated, 08th September 2020, extending the timeline for holding Annual General Meeting till December 31st from September 30th due to [...]

Relaxation of Additional fees and extension of last date of filing CRA-4 (form for filing of cost Audit Report) for FY 2019-20 under the Companies Acr, 2019

MCA vide General Cirular No. 29/2020 dated 10th September 2020, In view of the disruption caused due to the pandemic, it has been that if cost audit report [...]

Review of Debt and Money Market Securities Transactions Disclosure w.r.t Mutual Funds and Asset Management companies

SEBI vide circular No. SEBI/HO/IMD/DF4/CIR/P/2020/163 dated 01st  September 2020 In order to further enhance transparency, it is now decided that the details [...]

Resources for Trustees of Mututal Funds

SEBI vide circular No. SEBI/HO/IMD/DF4/CIR/P/2020/0000000151 dated 10th August, 2020 providing administrative assistance to trustees in monitoring various [...]

Grevience Resolution between listed entities and proxy advisers

SEBI vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/119dated 04th August, 2020 in order to facilitate resolution of such grievances of listed entities against [...]

Procedural Guidelines for Proxy Advisors

SEBI vide circular No. SEBI/HO/IMD/DF1/CIR/P/2020/147 dated 03rd August 2020, Procedural gudelines for proxy advisors has been issued. As per SEBI [...]

Use of Digital Signature Certifications for Authentication /Certification of filings/submissions made to Stock Exchanges

SEBI vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/145dated 31st July 2020, it has been permitted for authentication /certification of any filing/submission [...]

Conducting meeting of unitholders of InvITs and REITs through Video Conferencing (VC) or through other audio-visual means (OAVM)

SEBI vide circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/102 dated 22nd June 2020 clarified that  InvITs/ REITs may conduct the meeting of unitholders through  [...]

Acceptance of payment through prescribed electronic modes – Imposition of charge on the prescribed electronic modes

Income tax vide Circular No. 16/2020 dated 30-08-2020 issues orders to immediately refund the charges collected, if any, on or after 1st January, 2020 on [...]

CBDT provides ITR filing compliance check functionality for scheduled commercial banks

Income tax vide Notification no. 71/2020 dated 31-08-2020 issues orders to scheduled commercial banks for furnishing information about IT return filing [...]