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Wednesday, June 24, 2020

[ACCA_Profs] Finance Ministry Issues Notification Further Extending Various Time Limits Under Direct Tax And Benami Laws

 

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The following important updates are available at itatonline.org:

Finance Ministry Issues Notification Further Extending Various Time Limits Under Direct Tax And Benami Laws

The Ministry of Finance has issued a Notification on 24th June, 2020 granting extension of various time limits under Direct Tax & Benami laws in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19)

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Latest:

Interplay Between The Income-tax Act, The Benami Transactions Act, The Money Laundering Act And Allied Laws

Justice (Retd) Harsha N. Devani, the former Judge of the Gujarat High Court, delivered a talk recently under the auspices of the AIFTP, in which she explained in detail the interplay between the Income-tax Act, 1961, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the Prevention of Money Laundering Act, 2002, The Prohibition of Benami Property Transactions Act, 1988 and other allied laws. A transcript of the presentation together with the recording of the video is available

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