Notification & Circulars

Guidelines under section 194Q of the Income-tax Act, 1961

Notification No#13/2021 30 June 2021

F. No. 370142/26/2021-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: 30th June, 2021 Sub.: Guidelines under section 1940 of the Income-tax Act, 1961 - reg. Finance Act, 2021 inserted a new section 194Q in the Income-tax Act 1961 (h..

Posted in Income Tax

Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks

Notification No#RBI/2021-22/64 DOR.ORG.REC.27/21.04.158/2021-22 28 June 2021

RBI/2021-22/64 DOR.ORG.REC.27/21.04.158/2021-22 June 28, 2021 The Chief Executive Officer All Co-operative Banks Madam / Dear Sir, Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks It is observed that the co-operative banks are increasingly usin..

Posted in Community & General

Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes

Notification No#SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582 25 June 2021

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582 June 25, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds / Association of Mutual Funds in India (AMFI) Sir/ Madam, Subject: Alignm..

Posted in Investments & Personal Finance

Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021

Notification No#RBI/2021-22/61 FMRD.DIRD.06/14.01.001/2021-22 25 June 2021

Reserve Bank Of India RBI/2021-22/61 FMRD.DIRD.06/14.01.001/2021-22 June 25, 2021 To All Eligible Market Participants Madam / Sir Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 Please refer to the Master Direction – Reserve Bank of India (Cal..

Posted in Community & General

Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021

Notification No#RBI/2021-22/61 FMRD.DIRD.06/14.01.001/2021-22 25 June 2021

Posted in Community & General

Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

Notification No#12/2021 25 June 2021

F. NO.225/49/2021·IT A·II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi. Dated 25th June, 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic&mid..

Posted in Income Tax

Prudential norms for liquidity risk management for open ended debt schemes

Notification No#SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/583 25 June 2021

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/583 June 25, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Sir/ Madam, Subject: Pruden..

Posted in Investments & Personal Finance

Notification No. 74/2021 [F. No. 370142/35/2020-TPL] / SO 2580(E)

Notification No#74/2021 25 June 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th June, 2021 S.O. 2580(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, ..

Posted in Income Tax

Notification No. 75/2021 [F.No.IT(A)/01/2020-TPL] / SO 2581(E)

Notification No#75/2021 25 June 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th June, 2021 S.O. 2581(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes the follow..

Posted in Income Tax

RBI - Declaration of dividends by NBFCs

Notification No#RBI/2021-22/59 DOR.ACC.REC.No.23/21.02.067/2021-22 24 June 2021

Reserve Bank of India RBI/2021-22/59 DOR.ACC.REC.No.23/21.02.067/2021-22 June 24, 2021 All Non-Banking Financial Companies (NBFCs) Madam / Sir, Declaration of dividends by NBFCs In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe gu..

Posted in Community & General