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Notifications/Circulars

Declaration by registered holder/beneficial owner of shares under LIC Act, 1956

March 3, 2022 1725 Views 0 comment Print

Central Government hereby notifies that the form, manner, period and details prescribed in respect of declaration to be made and particulars to be included in the register to be maintained under the Companies Act shall apply to the Life Insurance Corporation under section 5C of the Life Insurance Corporation Act, 1956

Investment in Umbrella Organization by Primary (Urban) Co-op Banks

March 3, 2022 2514 Views 0 comment Print

RBI has accorded regulatory approval to National Federation of Urban Co-operative Banks and Credit Societies Ltd. (NAFCUB) in June 2019 for formation of Umbrella Organization (UO) for the UCB Sector. The approval inter-alia permits UCBs to subscribe to capital of the UO on voluntary basis.

Life Insurance Corporation of India General (Amendment) Rules, 2022

March 3, 2022 2193 Views 0 comment Print

These rules may be called the Life Insurance Corporation of India General (Amendment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Govt extends ‘Indian Footwear and Leather Development Programme till 31.03.2026

March 3, 2022 1158 Views 0 comment Print

The Central Government has approved continuation of Central Sector Scheme ‘Indian Footwear and Leather Development Programme (IFLDP)’ with an approved expenditure of Rs.1700 crore till 31.03.2026 or till further review, whichever is earlier.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 04.03.2022

March 3, 2022 6093 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 4th March, 2022 vide Exchange rates Notification No.13/2022-Cus (NT) dated 03.03.2022. MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No.13/2022 – Customs (N.T.) New Delhi, dated the 3rd March, 2022 12 Phalguna 1943 (SAKA) […]

Auto-population of e-invoice details into GSTR-1- Advisory

March 3, 2022 44310 Views 1 comment Print

i. Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on the Invoice Registration Portal (IRP). Invoices reported successfully on […]

Section 35(1)(ii): CBDT approves ‘Sri Shankara Cancer Foundation, Bangalore’

March 3, 2022 1290 Views 0 comment Print

Central Government hereby approves ‘Sri Shankara Cancer Foundation, Bangalore (PAN: AAHTS5593F)’under the category of ‘University, College or other institution’for Scientific Research for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962.

Amendment in Notification No. 12/97-Customs (NT) dated 2nd April, 1997

March 3, 2022 1524 Views 0 comment Print

CBIC notifies Amendment in Notification No. 12/97-Customs (NT) dated 2nd April, 1997 vide Notification No. 14/2022-Customs (N.T.) | Dated: 3rd March, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 14/2022-Customs (N.T.) | Dated: 3rd March, 2022 G.S.R. 170(E).—In exercise of the powers conferred by clause […]

Notification No. 2/2022-Customs (N.T./CAA/DRI) Dated: 03.03.2022

March 3, 2022 2466 Views 0 comment Print

CBIC issues Notification No. 2/2022-Customs (N.T./CAA/DRI) [S.O. 986(E).], Dated: 03.03.2022- Appointing Common Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) New Delhi Notification No. 2/2022-Customs (N.T./CAA/DRI) | Dated: 3rd March, 2022 S.O. 986(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. […]

No interest on additional PPF account merged or closed

March 2, 2022 8424 Views 1 comment Print

In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12.12.2019, such account(s) shall be closed without any interest payment and no no proposal should be sent to the Postal Directorate for amalgamation of such PPF Accounts.

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