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Implications of AI on the Indian Economy

August 26, 2020 1644 Views 0 comment Print

NASSCOM, a not-for-profit industry association, is the apex body for the 180 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India’s GDP, exports, employment, infrastructure and global visibility. In India, this industry provides the highest employment in the private sector.

Geographical Indications of Goods (Registration and Protection) (Amendment) Rules, 2020

August 26, 2020 1872 Views 0 comment Print

An application for registration of authorized user under section 17 may be made to the Registrar in Form GI-3 accompanied by a statement of case as to how the applicant claims to be the producer of the registered geographical indication.

Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020

August 26, 2020 8613 Views 1 comment Print

This order may be called the Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Debts Recovery Tribunal (Procedure) Amendment Rules, 2020

August 26, 2020 4560 Views 0 comment Print

(1) These rules may be called the Debts Recovery Tribunal (Procedure) Amendment Rules, 2020 (2) They shall come into force on the date of their publication in the Official Gazette.

SEBI Regulatory measures to continue till September 24, 2020

August 26, 2020 591 Views 0 comment Print

On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide SEBI Press Release dated March 20, 2020′ , shall continue to be in force till September 24, 2020.

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

August 25, 2020 777 Views 0 comment Print

PNB has informed MCA which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries.

ITAT explains Transfer pricing implications for interest free loan

August 25, 2020 6309 Views 0 comment Print

Motherson Sumi Infotech & Designs Ltd. Vs DCIT (ITAT Delhi) We find that the next issue raised is against the transfer pricing adjustment made on account of interest due on receivables outstanding. The said issue stands covered in favour of the assessee by the decision of the Tribunal in M/s. Global Logic India Ltd. for […]

Option to debit duty through Duty Scrip for Project Imports Bills of Entry

August 25, 2020 825 Views 0 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-V), GR.VI, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA URAN, DIST. RAIGAD, MAHARASHTRA-400 707. F. No. S/26-M isc-214/2020-21/Gr VI/JNCH Date: 25.08.2020 PUBLIC NOTICE No. 104-2020-JNCH DIN :20200878NX00008N0346 Subject: ICES Advisory 10/2020 (Project Imports) – Option to debit duty through Duty Scrip for Project Imports Bills of Entry –reg. Attention […]

Export Policy of Personal Protection Equipment/Masks relaxed

August 25, 2020 1362 Views 0 comment Print

Notification No. 21 dated 28.07.2020 is amended to the extent that the export policy of 2/3 Ply Surgical masks, medical coveralls of all classes and categories (including medical coveralls for COVID-19) is amended from ‘Restricted’ to ‘Free’ category and these coveralls ( including gowns and aprons of all types) are now freely exportable. Medical goggles […]

Tax Season 2020: Simplify your Tax Return Documents with PDFelement

August 24, 2020 6846 Views 0 comment Print

Tax season 2020 is largely over, but taxes will never go away! If you somehow managed to struggle through your tax refund or tax return filing in 2020 and come out unscathed on the other side, you know the pain of prepping your tax forms, putting together invoices and bills, filling out myriad forms, and […]

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