• Tue. Oct 20th, 2020

INFORMATION UTILITY

Preamble: Information Utility is a platform to submit information of a debtor by a creditor which acts a repository of information to substantiate the existence of debt. National E-Governance Services…

Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De- caution Listing of Exporters’ – Review

Please refer to Para 4 of Statement on Development and Regulatory Policies issued on October 9, 2020. In this connection, attention of Authorised Dealer Category – I banks (AD banks)…

Tax Collected at Source (TCS) on Sale of Goods w.e.f. 01-10-2020

Eligibility, Applicability and all about Bonus Act, 1965

Let us see about various aspects of Bonus Act and its applicability in this article : Who is employee as per Bonus Act? Any person, not being an apprentice, working…

Stricter Guidelines for Opening of Current Accounts by Banks – Step towards curtailing Diversion of Funds

Issuing Authority: Reserve Bank of India. Notification Number: RBI/2020-21/20. Applicable to: Banking sector. Date of issue: 6th August 2020. Summary: The digital revolution occurring in financial services – with more…

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

RBI/2020-21/37  Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020  The Chairman / Managing Director / Chief Executive Officer  All Scheduled Commercial Banks (Excluding RRBs) and  All Small Finance Banks   Madam / Dear…

Long Form Audit Report (LFAR) – Review

RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21                                  September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All…

Resolution Framework for COVID-19-related Stress – Financial Parameters – RBI

RBI/2020-21/34 DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co- operative Banks…

Tax Collected at Source (TCS) Amendments w.e.f 01-10-2020

Changes in the Income Tax Returns for AY 2020-21 – CBDT

In the recent announcement by the Finance minister, the due date for filing the Income tax Returns -AY 2020-21 for individuals has been extended to 30th November 2020. The Income…

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