CBDT notifies Two new Income Tax Rules vide Notification No. 93/2021- Income Tax dated 18th August, 2021 i.e. Rule 12AA. Prescribed person for the purposes of clause (c) and clause (cd) of section 140 and Rule 51B. Appearance by Authorised Representative in certain cases. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]
Introduction: The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 4 lakh on Oliveshine Mutual Benefit Nidhi Limited for failing to maintain a registered office, a violation of Section 12(1) read with Section 12(8) of the Companies Act, 2013. This article delves into the details of this penalty and the implications it […]
(1) This Act may be called the General Insurance Business (Nationalisation) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Office Order No. 209 of 2021 The following transfer/postings (Local changes) of the officers in the grade of Assistant/Deputy Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:
Reserve Bank of India has constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with Government and respective sectoral regulators.
It is felt that there is a need to put in place a suitable deterrent mechanism to address instances of repeated delivery defaults. This is expected to further strengthen the delivery mechanism and ensure market integrity.
As you are aware, in order to promote information sharing on the modus operandi, findings or observations detected during the investigation, audit or risk analysis etc., there exists a practice of issuing Circulars/Reports/Alerts etc by the Directorates/Commissionerates/Audit to all the Zones.
Scheme guidelines and rates for the new Scheme for Remission of Duties and Taxes and Exported Products have been notified. Finally the wait is over. As per notification 19/2015-20 dated 17/08/21 Appendix 4R of the foreign trade policy the rates for the RoDTEP has been announced. What is RODTEP It is a scheme introduced in […]
Officers under your charge may be advised to ensure that enquiries on origin of imported goods are handled and all verification requests are forwarded to the Board strictly in terms of provisions of CAROTAR, 2020 following prescribed standard procedures, formats and timelines.
Office Order No. 206 of 2021 In supersession of all earlier orders, the following transfer/postings of the officers in the grade of Principal Commissioners of Income Tax/Principal Directors of Income Tax, are hereby ordered with immediate effect and until further orders:
