Order u/s 34AD of the Wealth Tax Act. 1957 In exercise of the powers conferred on the Chief Commissioner or Director General of Income Tax under section 34AD of the Wealth Tax Act, 1957, I, the Chief Commissioner of Income Tax-03, Delhi hereby having regard to the conditions prescribed in Section 34AD of the W.T.Act, 1957, remove the names of the below mentioned registered valuers from the Register of Valuers maintained in the 0/o Pr.CCIT, Delhi with immediate effect:
A new sub-para (d) under para 4.25 of FTP 2015-20, for disallowing import of tyres under DFIA scheme is introduced. Notification No. 38/2015-2020-DGFT Dated: 06.10.2020
A new sub-pan has been inserted in the Foreign Trade Policy, 2015-20 to give effect to the pars 6.3 of the Ministry of Textiles Notification No. 14/2612016-1T (Vol-II) dated 07.03.2019. as amended vide Notification No. 12015/11/2020-TTP dated 09.06.2020 regarding the issue of duty credit scrips under Scheme for Rebate of State Levies. Government of India […]
Notification No. 29 dated 25.08.2020 is amended to the extent that the export policy of N-95/FFP-2 masks or its equivalent is amended from ‘Restricted’ to ‘Free’ category making all types of masks freely exportable. Government of India Ministry of Commerce 86 Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification […]
Instruction No. 18/2020-Customs F. No. 715/03/2020- Cus(AS) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) ***** 5th Floor, nude° Vishala Building, Bhikaji Cama Place, New Delhi, the 06th Oct, 2020 To, All Principal Chief/Chief Commissioners of Customs/Customs (Preventive), All Principal Chief/Chief Commissioners of Customs and Central […]
Before discussing the above subject matter, let us first understand what PMLA is and what is IBC As per Insolvency and Bankruptcy code 2016, if any person who has taken any loan and committed default, then the application can be filed in front of the Hon!ble National Company Law Tribunal As per section 3(23) the […]
Ministry of Corporate Affairs (MCA) vide its notification dated 10th September, 2018, inserted Rule 9A of Companies (Prospectus and Allotment of Securities), Rules, 2014, for Issue of securities in dematerialised form by unlisted public companies which is effective from 02nd October, 2018. As we all are aware that the filing of PAS-6 form is nearby […]
Replacing Foreign Exchange Regulation Act, 1974 (FERA) with Foreign Exchange Management Act, 1999 (FEMA) was a welcome move giving abundant opportunity and confidence to Indian Business, to go global fearlessly, by liberalizing the laws and taking out the draconian portion of law with relaxing provisions. It took more than 50 years to realize and implement […]
Evaluation methodology to know Risk level of Mutual Fund (MF) Scheme Pursuant to SEBI Guideline for Product Labeling in Mutual Fund Schemes – Risk-o-meter dated 05th October, 2020 Market Data suggests that investor returns are, in most cases, lower than investment returns. Mutual fund advisors say that this is because investors make some common mistakes […]
Fixed assets, in an organization represent the long-term tangible assets which are used, -to produce and deliver its products or services, and -to manage its operations. They are assets held for the purpose of providing or producing goods or services and are not meant for sale in the normal course of business. Therefore, an asset […]
