Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT
There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the
Continue readingNotifications
Notifications issued by various government departments, government bodies etc.
Govt. removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs
The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed
Continue readingCBDT simplifies the process of assessment in respect of Startups
The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup
Continue readingUsage of ATMs – Free ATM transactions – Clarifications
Clarification issued by Reserve Bank of India It has come to our notice that transactions that have failed due to technical reasons,
Continue readingCentral Govt. constitutes — Advisory Committee– in exercise of powers conferred by S. 5 of Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
S.O. 2948(E)— In exercise of the powers conferred by Section 5 of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
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MCA amends provisions related to Differential Voting Rights under Companies Act
The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the
Continue readingFour New Products get Geographical Indication Tag
Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade has recently registered 4 new GIs. PalaniPanchamirtham from Palani
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Transfer of Regulation of Housing Finance Companies (HFCs) to Reserve Bank of India
The Finance (No.2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987 conferring certain powers for regulation of
Continue readingCBDT takes steps to ensure transparency in Tax Administration by bringing in concept of DIN
With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and
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MeitY | Aadhaar necessary for availing benefit of fee reimbursement from GoI under Manpower Development Scheme [Read Notification]
S.O. 2903(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes,
Continue readingIncome Tax Department detects Benami business of running of petrol outlets in Meghalaya
In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches
Continue readingParliament receives President’s assent for — Arbitration and Conciliation (Amendment) Bill, 2019
On 09-08-2019, President gave its assent for the Arbitration and Conciliation (Amendment) Bill, 2019. Arbitration and Conciliation (Amendment) Act, 2019 will further amend
Continue readingCentral Govt. constitutes Unlawful Activities (Prevention) Tribunal :”Sikhs For Justice” an unlawful association?
S.O. 2856(E)—Whereas Sikhs For Justice (SFJ) has been declared as an unlawful association, vide, notification number S.O. 2469 (E) dated 10th July,
Continue readingPresident declares that all clauses of Article 370 shall cease to be operative with one exception [Read the notification]
G.S.R. 562(E)— The following Declaration made by the President is notified for general information:— DECLARATION UNDER ARTICLE 370(3) OF THE CONSTITUTION “C.O.
Continue readingBreaking| The Constitution (Application to Jammu and Kashmir) Order, 2019 — End of Article 370 of the Constitution?
In exercise of the powers conferred by clause (1) of Article 370 of the Constitution, the President, with the concurrence of the
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CBDT | Taxability of income earned by a non-resident investor from off-shore investments through an Alternate Investment Fund
In the context of Alternate Investment Funds (AIFs), references have been made to the Central Board of Direct Taxes (the Board) seeking
Continue readingCentral Govt. introduces “Pradhan Mantri Laghu Vyapari Maan-Dhan, Yojana 2019”
S.O. 2615(E)— In exercise of the powers conferred by clause (c) of sub-section (1) of Section 3 of the Unorganised Workers’ Social
Continue readingSikhs For Justice (SFJ) declared as an Unlawful Association
Centre has declared” Sikhs for Justice” as an Unlawful Association in light of them being involved in activities that are prejudicial to
Continue reading[Notice] | Procedure of filing application for “Anticipatory Bail” notified by Allahabad HC
Allahabad High Court issued a notice requesting learned counsels to refer to the Code of Criminal Procedure (Uttar Pradesh Amendment) Act 2018
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Charging stations for electric vehicles
Minister of Heavy Industries & Public Enterprises, Arvind Ganpat Sawant provided the following information in Rajya Sabha yesterday, i.e. 01-07-2019. The Phase-II
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