New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors vide CBDT Circular No. 11/2021
CBDT issued Circular No. 11 of 2021 dated 21.06.2021 on implementation of section 206AB & 206CCA with respect to higher tax deduction/collection for certain non-filers. New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors. Refer copy of Circular:
Proposed Amendments to the Consumer Protection (E-commerce) Rules, 2020
Ministry of Consumer Affairs, Food & Public Distribution issued Press release today 21st June 2021, says that Proposed Amendments to the Consumer Protection (E-commerce) Rules, 2020 Government has received several complaints against widespread cheating and unfair trade practices being observed in e-commerce ecosystem Conventional e-commerce flash sales are not banned. Only specific flash sales orContinue reading “Proposed Amendments to the Consumer Protection (E-commerce) Rules, 2020”
Amendment in Food security (Assistance to State Government Rules) 2015
Ministry of Consumer Affairs, Food & Public Distribution issued Press release today 21st June 2021 Department of Food & Public Distribution notifies amendment in Food security (Assistance to State Government Rules) 2015 ePoS linkage with electronic weighing machines encouraged Move to improve transparency and curb the leakages at ration shops at the time of weighingContinue reading “Amendment in Food security (Assistance to State Government Rules) 2015”
Abundance of natural resources, human capital and aspirational population will help create a tech-enabled manufacturing ecosystem in eastern India
Ministry of Steel issued Press release today 21 June 2021. Abundance of natural resources, human capital and aspirational population will help create a tech-enabled manufacturing ecosystem in eastern India, says Shri Dharmendra Pradhan Minister of Steel & Petroleum and Natural Gas Shri Dharmendra Pradhan today addressed the webinar on “Making Eastern India a Manufacturing HubContinue reading “Abundance of natural resources, human capital and aspirational population will help create a tech-enabled manufacturing ecosystem in eastern India”
Happy International Yoga Day 2021 🧎🧎♀️🧎♂️🏃♂️🌻🌻🌻🌻 Text of PM’s address on International Yoga DayText of PM’s address on International Yoga Day
Text of PM’s address on International Yoga Day नमस्कार ! आप सभी को सातवें ‘अंतर्राष्ट्रीय योग दिवस’ की बहुत बहुत शुभकामनाएं। आज जब पूरा विश्व कोरोना महामारी का मुकाबला कर रहा है, तो योग उम्मीद की एक किरण भी बना हुआ है। दो वर्ष से दुनिया भर के देशो में और भारत में भले हीContinue reading “Happy International Yoga Day 2021 🧎🧎♀️🧎♂️🏃♂️🌻🌻🌻🌻 Text of PM’s address on International Yoga DayText of PM’s address on International Yoga Day”
Happy Father’s Day 2021-Investment ideas to secure the financial future of your father
This can be the time for creating a whole new world of memories that our father would treasure – literally and figuratively – – with financial instruments such as Senior Citizen FDs, mutual fund investment plans, insurance policies. Here are some sound gifting options to further secure your father’s future in the second innings MutualContinue reading “Happy Father’s Day 2021-Investment ideas to secure the financial future of your father”
News analysis 1. Money matters to take care of after parents death, 2. How parents can develop health money Habits in their kids
Please refer YouTube link on News Analysis on above topics:
Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021
MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2021 to further amend the Companies (Indian Accounting Standards) Rules,2015. New amendments will be effective from date of publication in official Gazette. As per amendment rules following Ind AS has been amended : 1. Ind AS 101 First-time Adoption of Indian Accounting Standards 2. IndContinue reading “Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021”
Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits
Ministry of Finance issued Press release today (19th June 2021) says that : Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end ofContinue reading “Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits”
Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)
MCA has issued notification on 18th June 2021 by Companies (Creation andMaintenance of databank of Independent Directors) Amendment Rules, 2021 inserting sub rule 8 in Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019. As per new sub rule 8, In case of delay on the part of an individual in applying toContinue reading “Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)”
Rationalisation of tax provisions for NGOs/NPOs
Rationalisation of tax provisions for NGOs/NPOs To enjoy tax-exempt status in respect of their income, the NPOs must comply with certain pre-requisites such as obtaining the registration with the tax authorities, and spending on charitable activities at least up to the prescribed thresholds. Not-for-profit organizations (NPOs) are private entities that pursue activities to promote theContinue reading “Rationalisation of tax provisions for NGOs/NPOs”
Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode
Amid the coronavirus pandemic, MCA amended new rules shifting from physical board meetings to meeting through virtual mode. MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014, omitting Rule 4 by Companies (Meetings of Board and its Powers) Amendment Rules, 2021 vide MCA Notification dated 15th June 2021. To curb the difficultiesContinue reading “Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode”
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