| AKGVG Weekly Insight |
| Dear Reader, |
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 14th Jul, 2021 which includes: |
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| Date: 14.07.2021 |
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| S.no |
Description |
Relevant links |
| Section I: Income Tax |
| 1. |
CBDT inserts new Income Tax Rule 8AC -Computation of short-term capital gains and written down value under section 50.
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Notification no. 77/2021
dtd 07.07.2021 |
| 2. |
CBDT amends rule 8AA and add rules related to amount which is chargeable to income-tax as income of specified entity under subÂsection (4) of section 45 under the head Capital gains. |
Notification no. 76/2021
dtd 02.07.2021 |
| 3. |
CBDT circulates guidelines under section 9B and sub-section (4) of section 45 of the Income-tax act, 1961. |
Circular no. 14/2021
dtd 02.07.2021 |
| 4. |
CBDT circulates guidelines under section 194Q of the Income-tax Act, 1961. |
Circular no. 13/2021
dtd 30.06.2021 |
| Section II: GST |
| 1. |
CBIC notifies to waive penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 2020. |
Notification no. 28/2021
dtd 30.06.2021 |
| Section III: MCA |
| 1. |
Publication of notice u/s 75 of the LLP Act, 2008 read with sub-Rule 1(b) read with Rules 37(2) notified by MCA. |
Notification
dtd 07.07.2021 |
| 2. |
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 notified by MCA. |
Notification
dtd 11.06.2021 |
| Section IV: RBI |
| 1. |
RBI notifies new definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade. |
Notification
dtd 07.07.2021 |
| 2. |
Review of Instructions on Interest on overdue domestic deposits notified by RBI. |
Notification
dtd 02.07.2021 |
| Section V: CUSTOMS |
| 1. |
CBIC circulates improvements in Faceless Assessment - Measures for expediting Customs clearances - reg. |
Circular no. 14/2021
dtd 07.07.2021 |
| 2. |
CBIC notify Agreements or Arrangements on 'Cooperation and Mutual Administrative Assistance (CMAA) in Customs matters' of India with other countries. |
Notification no. 58/2021
dtd 01.07.2021 |
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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