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Notifications/Circulars

Rule 11UAC Exemption from deeming provisions of section 56(2)(x)

June 29, 2020 5898 Views 0 comment Print

Rule 11UAC Exemption from deeming provisions of section 56(2)(x)-Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) of section 56- Income Tax Notification No. 40/2020 dated 29th June, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2020-Income Tax New […]

CORRIGENDUM to Income Tax Notification No. 35/2020

June 29, 2020 15192 Views 4 comments Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No 39/2020 New Delhi, the 29th June, 2020 TAXATION AND OTHER LAWS S.O. 2126(E).—In the notification of the Government of India, Ministry of Finance, (Department of Revenue) (Central Board of Direct Taxes), number 35/2020, dated the 24th June, 2020, published, vide, number […]

Govt allows export of PPE medical coveralls for COVID-19

June 29, 2020 957 Views 0 comment Print

DGFT vide Notification No. 16/2015-20 dated 29.06.2020 has allowed the export of PPE medical coveralls for COVID-19 subject to quantitative restriction of 50 lakh units per month. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No. 16/2015-2020 New Delhi, Dated: 29th June, […]

‘Guidelines for Portfolio Managers’ – Extension of implementation timeline

June 29, 2020 909 Views 0 comment Print

After taking into consideration requests received from portfolio managers and the prevailing business and market conditions, it has been decided to extend the timeline for compliance with the requirements of SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020, by further three months. Accordingly, the provisions of said SEBI Circular shall be applicable with effect from October 01, 2020.

Procedure/criteria for export of PPE Medical Coveralls- COVID-19

June 29, 2020 987 Views 0 comment Print

DGFT vide Trade Notice No. 17 dated 29.06.2020 has outlined the procedure & criteria for submission of applications & issuance of export licenses under export quota for PPE medical coveralls for COVID-19. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Dated: 29th June, […]

MHA Guidelines for Phased Re-opening (Unlock 2)

June 29, 2020 1347 Views 0 comment Print

1. Activities permitted during Unlock 2 period outside Containment Zones In Areas outside containment Zones, all activities will ha permitted, excerpt the following: (i) Schools, colleges, education and coaching institutions will remain closed till 31 July 2020, Online/ distance learning shall continue to be permitted arid shall be encouraged.

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020

June 29, 2020 3903 Views 0 comment Print

MCA has vide Notification No. G.S.R. 420(E) dated 29th June, 2020 has issued and published the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. Full text of the notification is as follows:- […]

End-date to complete statutory compliances under Excise & Custom

June 29, 2020 897 Views 0 comment Print

The end-date for completion of statutory compliances under Central Excise Act, 1944, Customs Act, 1962, Customs traiff Act, 1975 or Chapter V of the Finance Act, 1994 has been extended till 30th day of September, 2020.

Timelines for submission of Life operational returns in BAP

June 29, 2020 876 Views 0 comment Print

Life Insurers have been mandated to submit various returns- monthly, quarterly and annually. While monthly returns are being submitted through BAP module and also manually, the quarterly and annual returns are being submitted only through BAP module since 2018-2019.

Government Bans 59 mobile apps (Check List)

June 29, 2020 822 Views 0 comment Print

Government Bans 59 mobile apps which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order

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