| AKGVG Weekly Insight |
| Dear Reader, |
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 14th May, 2021 which includes: |
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| Date: 14.05.2021 |
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| S.no |
Description |
Relevant links |
| Section I: Income Tax |
| 1. |
Court of States of Assam, Nagaland, Mizoram & Arunachal Pradesh for Black Money Act notified by CBDT. |
Notification no. 60/2021 dtd
11.05.2021 |
| 2. |
CBDT notifies that Audit report to be filed by the Sovereign Wealth Fund claiming exemption under clause (23FE) of section 10 of the Income Tax Act. |
Notification no. 51/2021 dtd
05.05.2021 |
| 3. |
Income-tax (15th Amendment) Rules, 2021 notified by CBDT |
Notification no. 50/2021 dtd
05.05.2021 |
| 4. |
Income-tax (14th Amendment) Rules, 2021 notified by CBDT |
Notification no. 42/2021 dtd
04.05.2021 |
| 5. |
Income Tax (13th Amendment) Rules, 2021 notified by CBDT |
Notification no. 41/2021 dtd
03.05.2021 |
| Section II: RBI |
| 1. |
Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs, notifies RBI. |
Notification dtd 12.05.2021 |
| 2. |
Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interest-bearing deposit, notified by RBI. |
Notification dtd 11.05.2021 |
| 3. |
RBI notifies “Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)” |
Notification dtd 10.05.2021 |
| 4. |
RBI amendment the Master Direction (MD) on KYC |
Notification dtd 10.05.2021 |
| 5. |
RBI to conduct 14-day Variable Rate Reverse Repo auction under LAF on May 07, 2021. |
Press Release dtd 06.05.2021 |
| 6. |
RBI notify “Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)” |
Notification dtd 05.05.2021 |
| 7. |
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance notified by RBI. |
Notification dtd 05.05.2021 |
| 8. |
Reserve Bank of India imposes monetary penalty on ICICI Bank Ltd. |
Press Release dtd 03.05.2021 |
| Section III: Customs |
| 1. |
Restoring the facility under Circular No. 17/2020 dated 03.04.2020 namely, 'Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962' circulated by CBIC. |
Circular no. 09/2021 dtd
08.05.2021 |
| 2. |
CBIC amend notification No. 07/2017-Customs (ADD), dated 17-02-2017, so as to extend the applicability of the said notification up to and inclusive of 31st October 2021. |
Notification no. 29/2021 dtd
07.05.2021 |
| 3. |
CBIC notifies exchange rates of foreign currency. |
Notification no. 46/2021 dtd
06.05.2021 |
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback
Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents.
Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)
DELHI | GURGAON | MUMBAI | AHMEDABAD | BANGALORE | CHENNAI | LUCKNOW
Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com |
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