CBDT notifies new form 26AS for faceless hand holding of taxpayer
The revised Form 26AS for any taxpayer shall, from nowonwards, display in part E of the Form, different fields such as type of transaction, name of SFT filer, date of transaction, single/joint party transaction, number of parties, amount, mode of payment and remarks, etc.
CPCB extends the timeline for filing annual return and annual report by stakeholders under e-waste management rules
The timeline for submission of annual return and annual report by stakeholders and consolidated annual review report on the management of e-waste by CPCB to the ministry of environment is extended.
SEBI issues Prohibition of Insider Trading (Amendment) Regulations, 2020
The board of directors of the organisation of every person required to handle unpublished price sensitive information shall ensure that a secured structured digital database is maintained containing the nature of unpublished price sensitive information and the names of such persons who have shared the information and also the names of such persons with whom information is shared under this regulation along with the Permanent Account Number or any other identifier authorized by law where Permanent Account Number is not available.
CBDT to begin e-campaign on Voluntary Compliance of Income Tax from 20th July 2020
The objective of the e-campaign is to facilitate taxpayers to online validate their tax and financial transaction information available with the IT Department and to promote voluntary compliance, especially for the assessees for 2018-19 so that they do not need to get into notice and scrutiny process.
RBI sets Fair Practices Code for Asset Reconstruction Companies
The RBI has advised registered ARCs to adopt ‘Fair Practices Code’ to ensure transparency and fairness in their operation and to follow transparent and non-discriminatory practices in acquisition of assets. It shall maintain arm’s length distance in the pursuit of transparency and in order to enhance transparency in the process of the sale of secured assets, an invitation for participation in auctions shall be publicly solicited and the process should enable participation of as many prospective buyers as possible.
MOHFW issues guidelines for setting up of small covid care facilities by Residential Societies and NGOs
The Covid Care Facility will be set up using the resources of RWAs/Residential Societies/NGOs. It will be a dedicated health facility for management of suspect/asymptomatic/presymptomatic or very mild cases of COVID-19, residing in that particular residential facility and this facility is not meant for elderly patients, children less than 10 years of age, pregnant or lactating women, and patients with co-morbidities (diabetes, hypertension, heart disease, kidney disease, chronic respiratory disease, cancer and other immune-compromised states) who shall be admitted to a proper COVID Care facility.
Rajasthan PCB grants permission for transferring plant and machinery from one industrial unit another which are connected with CETP
The Rajasthan State Pollution Control Board on 15th July 2020 has granted permission for transfer of plant and machinery from one CETP member textile unit to another CETP member textile unit.
Rajasthan PCB direct industries to obtain NOC from central ground water authority for abstraction of ground water
Industries in Rajasthan shall obtain NOC from Central Ground Water Authority for the extraction of groundwater and the application for consent to operate/establish submitted to the state board shall be decided on the basis of application submitted by the project proponent to the Central Ground Water Authority for abstraction of ground water.
Guidelines on exit option for dissenting unit holders of InvITs
The detailed guidelines have been provided in Annexure-I of the present Circular and in addition to covering the pertinent definitions and the manner and mechanism of the exit option they inter- alia cover the summary of activities pertaining to exit option/ offer along with the prescribed timelines related thereto, composition of exit price and maintenance of minimum public holding.
Guidelines on Exit Option to Dissenting Units Holders of REITs
The detailed guidelines have been provided in Annexure-I of the present Circular and in addition to covering the pertinent definitions and the manner and mechanism of the exit option they inter- alia cover the summary of activities pertaining to exit option/ offer along with the prescribed timelines related thereto, composition of exit price and maintenance of minimum public holding.
