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Migration of OLTAS functions to Income Tax Business Application-Reg.

August 7, 2019 2869 Views 11 comments Print

OLTAS module of ITD has been migrated to ITBA. The functionality for Search and Modify Challan in OLTAS Module is available in Income Tax Business Application (ITBA) as per the following details:

Exchanges dealing in commodity derivatives to form Product Advisory Committee

August 7, 2019 1593 Views 38 comments Print

It has been decided that each recognised stock exchange dealing in commodity derivatives segment shall constitute a Product Advisory Committee (PAC) for each group/complex of commodities having common stakeholders/value chain participants, on which derivatives are traded or being proposed to be traded on the exchange.

Article 370 shall cease to be operative from 6th August, 2019

August 6, 2019 1936 Views 51 comments Print

President, on the recommendation of Parliament, is pleased to declare that, as from the 6th August, 2019, all clauses of the said article 370 shall cease to be operative except the following which shall read as under, namely :—

The Chit Funds (Amendment) Bill, 2019 Introduced in Lok Sabha

August 5, 2019 1464 Views 0 comment Print

THE CHIT FUNDS (AMENDMENT) BILL, 2019- A BILL further to amend the Chit Funds Act, 1982. BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows:—

Jammu And Kashmir Reorganisation Bill, 2019 as introduced in Rajya Sabha

August 5, 2019 780 Views 0 comment Print

AS INTRODUCED IN THE RAJYA SABHA Bill No. XXIX of 2019 THE JAMMU AND KASHMIR REORGANISATION BILL, 2019 A BILL to provide for the reorganisation of the existing State of Jammu and Kashmir and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Seventieth Year of the Republic of India […]

Notification No. 34/2019-Customs (N.T./CAA/DRI), Dated: 05.08.2019

August 5, 2019 795 Views 0 comment Print

Notification No. 34/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-

DGFT revises SION of Double Decorative/Single side Laminates with or without Barrier Paper

August 5, 2019 630 Views 0 comment Print

Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper — M/s Marino Industries Ltd., M/s Merino Panel Product Ltd. & M/s Greenlam Industries Ltd., Kolkata

Jammu and Kashmir Reservation (Second Amendment) Act, 2019 as introduced in Rajya Sabha

August 5, 2019 1122 Views 0 comment Print

RAJYA SABHA ———— The following Bills were introduced in the Rajya Sabha on the 5th August, 2019:— I BILL NO. XXVIII OF 2019 A Bill further to amend the Jammu and Kashmir Reservation Act, 2004. BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows:— 1. Short title. This […]

Proposed Penalties under Motor Vehicles (Amendment) Bill, 2019

August 3, 2019 1473 Views 0 comment Print

Stricter provisions for helmets have been introduced along with provisions for electronic detection of violations.  Penalty regarding motor vehicles is to be increased by 10 % every year

Bank should not charge Foreclosure Charges on Floating Rate Term Loans other than Business Loan

August 2, 2019 6243 Views 0 comment Print

It is clarified that banks shall not charge foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-obligant(s).

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