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Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI

May 14, 2021 2997 Views 0 comment Print

Government of India has vide its Notification No F.No4.(4)-B (W&M)/2021 dated May 12, 2021 has announced the Sovereign Gold Bond Scheme 2020-21, Series I, II, III, IV, V and VI. Under the scheme there will be a distinct series (starting from Series I) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.

Clarification on alleged Faulty Ventilators Supplied under PM CARES

May 14, 2021 837 Views 0 comment Print

With reference to the recent media report regarding 71 of 80 AGVA make Ventilators being non-functional or faulty at the GGS Medical College and Hospital, Faridkot, Punjab it is clarified that 88 Ventilators have been supplied by Bharat Electronics Limited (BEL) and five by AGVA. After successful installation and commissioning, these Ventilators were provided with Final Acceptance Certificate by the hospital authorities.

Gap between two doses of Covishield Vaccine extended to 12-16 weeks

May 13, 2021 2592 Views 0 comment Print

The COVID Working Group chaired by Dr N K Arora has recommended extension of the gap between the first and second doses of COVISHIELD vaccine to 12-16 weeks. The present gap between the two doses of COVISHIELD vaccine is 6-8 weeks.

Assessability of notional income i.e ALV in respect of unsold flats

May 13, 2021 2058 Views 0 comment Print

DCIT Vs Bengal Shapoorji Housing Development Pvt. Ltd. (ITAT Mumbai) Sec. 23(5) of the Act has been inserted by the Finance Act, 2017 w.e.f. 01.04.2018. In terms of the said section, it is prescribed that ‘where the property consisting of any building or land appurtenant thereto is held as stock-in-trade and the property or any […]

Tariff Notification No. 47/2021-Customs (N.T.), Dated 13.05.2021

May 13, 2021 1668 Views 0 comment Print

Tariff Tariff Notification No. 47/2021-Customs (N.T.), Dated 13.05.2021 in respect of 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) NOTIFICATION New Delhi, the 13th May 2021 Notification No. 47/2021-Customs (N.T.) S.O. 1857(E).— In exercise of the […]

CBDT notifies ‘OMERS Administration Corporation’ as pension fund | Section 10(23FE)

May 13, 2021 1131 Views 0 comment Print

CBDT notifies pension fund, namely, ‘OMERS Administration Corporation’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961  in respect of the eligible investment made by it in India on or after 13th May 2021 but on or before the 31st day of March, […]

CBDT notifies ‘Government Employees Superannuation Board’ as pension fund | Section 10(23FE)

May 13, 2021 1272 Views 0 comment Print

CBDT notifies pension fund, namely, ‘Government Employees Superannuation Board’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961  in respect of the eligible investment made by it in India on or after 13th May 2021 but on or before the 31st day of […]

CBDT notifies ‘Public Sector Pension Investment Board’ as pension fund | Section 10(23FE)

May 13, 2021 804 Views 0 comment Print

CBDT notifies pension fund, namely, ‘Public Sector Pension Investment Board’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961  in respect of the eligible investment made by it in India on or after 13th May 2021 but on or before the 31st day […]

CBDT notifies ‘Ministry of Economy and Finance of Republic of Korea’ as sovereign wealth fund

May 13, 2021 1068 Views 0 comment Print

CBDT notifies ‘Ministry of Economy and Finance of Republic of Korea’ as sovereign wealth fund under sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No. 63/2021 -Income Tax Dated: 13th May 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

CBDT notifies ‘CDC Group Plc.’ as sovereign wealth fund

May 13, 2021 1593 Views 0 comment Print

CBDT notifies ‘CDC Group Plc.’ as sovereign wealth fund under sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No. 62/2021 -Income Tax Dated: 13th May 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. […]

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