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Archive: 28 February 2023

Posts in 28 February 2023

Weekly newsletter from Chairman, CBIC dated 28/02/2023

February 28, 2023 942 Views 0 comment Print

On the anti-smuggling front, in a major breakthrough, officers of the Directorate of Revenue Intelligence (DRI), in a well coordinated, pan India operation apprehended a syndicate of foreign nationals involved in the smuggling of large quantities of Gold through the India-Nepal border.

CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23

February 28, 2023 4713 Views 0 comment Print

Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Corrigendum Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 G.S.R. 156(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue […]

Amendments in Para 4.42 of Handbook of Procedures 2015-2020

February 28, 2023 1632 Views 0 comment Print

DGFT Simplifies process of levying Composition Fee for Export Obligation Extension to include more cases under Advance Authorization Scheme

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023

February 28, 2023 2154 Views 0 comment Print

Tariff Notification No. 11/2023-Customs (NT) Dated: 28th February, 2023 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 11/2023-Customs (N.T.) Dated: 28th February, 2023 S.O. 945(E).— In exercise of the powers conferred […]

Obligation in Case of Leak of UPSI of Listed Entity (LE)

February 28, 2023 2367 Views 0 comment Print

Investors are attracted by good corporate governance, and this increases their reliance on the Listed Entities. The decisions of the board can affect the stock market reaction towards investors. Hence, the meetings and decisions of the board amount to confidential information. Confidential information is only shared when it is required for the benefit of the company.

Term ‘Sub-standard lives’ mentioned in IRDAI (Health Insurance) Regulations 2016 revised

February 28, 2023 936 Views 0 comment Print

The underwriting policy shall also cover the approach and aspects relating to offering health insurance coverage. It shall have in place various objective underwriting parameters to differentiate the various classes of risks being accepted in accordance with the respective risk categorization

Penalty u/s 271(1)(b) not imposable for non-compliance of section 142(1)

February 28, 2023 5172 Views 0 comment Print

ITAT Jodhpur held that penalty under section 271(1)(b) of the Income Tax Act not imposable for non-compliance of section 142(1) of the Income Tax Act.

How can a Managing Director be appointed in multiple companies as per Companies Act 2013?

February 28, 2023 37602 Views 4 comments Print

Learn about appointing a Managing Director in multiple companies as per the Companies Act 2013. Understand the legal provisions, exceptions, and procedural requirements.

Penalty u/s 270A deleted as quantum of addition not finalized

February 28, 2023 3009 Views 0 comment Print

ITAT Chennai held that as the quantum of addition has not attained its finality, the penalty levied under section 270A of the Income Tax Act not imposable.

Compliances for Passing Board Resolutions through Circulation under Companies Act, 2013

February 28, 2023 32988 Views 0 comment Print

Article, explain provisions with respect to passing of Board Resolution through circulation and list of resolutions which cannot be passed through circulation.

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