Wednesday, August 5, 2020

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COVID 19 – Tax Losses – Back for a Better Future

Tax Losses Carryback (‘TLCB’) is a system that allows taxpayers to set-off losses of the current year against the profits of past years. Globally, at least 20 countries have some form of...

CIC rejects RTI filed by Wife seeking Income Tax Return details of Husband [Read Order]

The Central Information Commission has observed that the wife is not entitled to seek the information of Income Tax Returns filed by her husband through an application under the Right to Information...

EPFO updates KYC for 73.58 lakh Subscribers during April-June 2020

To extend the availability and reach of its online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO updated Know your Customer (KYC) data for its 73.58 lakh...

Madras HC asks Govt to regulate Virtual Games like Online Rummy, Spartan Poker, Ace2Three [Read Order]

The Madras High Court raised concerns over why the State does not have a law to regulate virtual games and online gambling and said that there should be a regulatory body to...

No Cancellation Charges on Consumers cancelling after confirming purchase: Central Govt. notifies New E-Commerce Rules, 2020

The Central Government on Monday notified the new Consumer Protection Rules of 2020 for e-commerce termed as the Consumer Protection (E-Commerce) Rules, 2020. The Consumer Protection (E-Commerce) Rules, 2020 says that platforms can...

Money Laundering is an act of Financial Terrorism: Orissa HC denies Bail to Accused [Read Order]

The High Court of Orissa, while refusing to grant bail to a person accused of involvement in money laundering said that the offence of money-laundering is nothing but an act of financial...

State to decide If Lawyers are ‘Essential Services Provider’: Bombay HC dismisses plea to Exempt Lawyers from COVID-19 Lockdown [Read Order]

The High Court of Bombay dismissed a petition seeking exemption for lawyers and legal service staffers from lockdown restrictions which were imposed to contain the spread of the disease, and seeking directions...

IRDAI enables Cashless Facility for COVID-19 Treatment [Read Circular]

The Insurance Regulatory Development Authority of India (IRDAI) has notified all General and Health Insurers (Except ECGC and AIC) to allow the cashless facility for COVID-19 treatment. It has been brought to the...

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