AKGVG Weekly Insight
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Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 23th Apr, 2021 which includes:
Date: 23.04.2021
S.no Description Relevant links
Section I: Income Tax
1. Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income notified by CBDT Notification no. 2 of 2021 dtd
20.04.2021
2. Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income notified by CBDT Notification no. 1 of 2021 dtd
20.04.2021
3. CBDT amends Income Tax rule 2DB which relates to conditions to be satisfied by the pension fund for exemption under section 10(23FE) and substitutes/amends Form No. 10BBA – Application for notification under sub-clause (iv) of clause (c) of Explanation 1 to the clause (23FE) of section 10 of the Income-tax Act, 1961 (Pension Fund) Notification no. 32/2021
dtd 15.04.2021
4. CBDT notifies amendment in Rule 10DA which deals with Maintenance and furnishing of information and document by certain person under section 92D, Rule 10DB. Notification no. 31/2021
dtd 05.04.2021
Section III: MCA
1. MCA declare dividend at the rate of 100 paise in a rupee with interest at 4% per annum in the matter of The Mandya National Paper Mills Limited (in liquidation) issued by the Official Liquidator, Bengaluru. Notification
dtd 09.04.2021
Section IV: RBI
1. Declaration of dividends by banks notifies by RBI Notification dtd 22.04.2021
2. RBI notifies Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension Notification dtd 12.04.2021
3. RTGS System Upgrade - Non-Availability of Service – 00.00 Hrs to 14.00 Hrs. on Sunday, April 18, 2021 release by RBI Press Release 12.04.2021
4. Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package notified by RBI. Notification dtd 07.04.2021
Section V: Customs
1. CBIC notifies customs duty on import of Remdesivir injection, Remdesivir API and Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir, up to 31st October 2021. Notification no. 22/2021
dtd 20.04.2021
2. CBIC amend notification to extend the applicability of the said notification up to and inclusive of 20th October, 2021 Notification no. 22/2021
dtd 15.04.2021
3. CBIC amend customs notifications to make changes consequential to enactment of Finance Act, 2021. Notification no. 26/2021
dtd 08.04.2021
We trust you will find this Journal informative as well as useful.
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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