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Data Format for Furnishing of Credit Information to Credit Information Companies

October 14, 2021 6096 Views 0 comment Print

The Uniform Credit Reporting Format has two Annexes, Annex-I contains two formats for credit reporting, viz., Consumer Bureau and Commercial Bureau, whereas Annex-II contains credit reporting format for Micro Finance Institution (MFI) segment.

Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021

October 13, 2021 9612 Views 0 comment Print

(i) These Regulations shall be called the Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021. (ii) They shall come into force with effect from the date of their publication in the Official Gazette.

Dr. Navrang Saini given additional charge as Chairperson, IBBI

October 13, 2021 870 Views 0 comment Print

Central Government today assigned additional charge of Chairperson, Insolvency and Bankruptcy Board of India (IBBI) to Dr. Navrang Saini, Whole Time Member, IBBI, in addition to his existing duties for a period of three months from today or till the joining of a new incumbent to the post or until further orders, whichever is earlier.

Govt reduces AIDC on crude soya, sunflower & palm oils till 31.03.2022

October 13, 2021 1857 Views 0 comment Print

Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022 vide Notification No. 49/2021-Customs Dated 13th October,2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 49/2021-Customs New Delhi, the 13th October, 2021 G.S.R. 734 (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the […]

Govt reduces BCD on crude & refined soya, sunflower & palm oils till 31.03.2022

October 13, 2021 3111 Views 0 comment Print

Seeks to reduce BCD on crude and refined soya, sunflower and palm oils till 31.03.2022 vide Notification No. 48/2021-Customs Dated 13th October,2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 48/2021-Customs New Delhi, the 13th October,2021 G.S.R. 733(E). – In exercise of the powers conferred by sub-section (1) of section 25 of […]

Section 10(46) exemption to ‘Punjab State Electricity Regulatory Commission

October 13, 2021 1509 Views 0 comment Print

Vide Notification No. 121/2021-Income Tax | Dated: 13th October, 2021 CBDT notifies Tax Exemption under section 10(46) to ‘Punjab State Electricity Regulatory Commission’, Chandigarh in respect of the specified income for Financial Years 2021-2022, 2022-2023, 2023-2024, 2024-2025 and 2025-2026. MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 121/2021-Income […]

Relaxation of Validation (section 119 of Finance Act, 2012) Rules, 2021

October 13, 2021 1722 Views 0 comment Print

Form and manner of furnishing undertaking under first proviso to section 119.- The form and manner of furnishing undertaking under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9 of the Income-tax Act, 1961 (43 of 1961), as prescribed under sub-rule (1) and sub-rule (3) of rule 11UE and rule 11UF of the Income-tax Rules, 1962, shall mutatis mutandis apply to clauses (i), (ii) and (iii) of the first proviso to section 119 of the Finance Act, 2012 (23 of 2012).

Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021

October 12, 2021 7341 Views 0 comment Print

1. (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

RBI bans Haribhakti And Co from doing audits of regulated entities for FY 21-22

October 12, 2021 11490 Views 0 comment Print

Reserve Bank of India Date : Oct 12, 2021 Action against Statutory Auditors of NBFC under section 45MAA of RBI Act, 1934 The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred M/s […]

Govt Constitutes Expert Group on Tobacco Taxation

October 12, 2021 1260 Views 0 comment Print

To develop a proposal for comprehensive tax policy for all tobacco products with a public health perspective, it has been decided to constitute an Expert Group with the following members;

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