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Notifications/Circulars

Introduction of online e-Tariff Rate Quota System for Imports

February 4, 2021 2250 Views 0 comment Print

Licenses for all TRQs would be issued electronically and TRQ License data would be transmitted electronically to the Customs Authorities. No paper copies of the TRQ Import license will be issued by DGFT with effect from 08.02.2021.

Arbitration & Conciliation (Amendment) Bill, 2021 introduced in Lok Sabha

February 4, 2021 4740 Views 0 comment Print

THE ARBITRATION AND CONCILIATION (AMENDMENT) BILL, 2021 A BILL further to amend the Arbitration and Conciliation Act, 1996.

D – Remit for NRI – NPS Subscribers

February 3, 2021 1650 Views 0 comment Print

D Remit or Direct Remittance offers the most convenient mode of depositing voluntary contributions into NPS which also optimizes the long term retirement wealth creation by offering same day NAV. Through D Remit, not only one time contributions can be made but also periodic NPS contributions can be automated for any defined amount and for any defined date from the Subscribers bank account.

Systemic improvements regarding modification in Bond (B-17) Execution process

February 3, 2021 1500 Views 0 comment Print

Circular No. 03/2021-Customs F.No. DGEP/EOU/40/2017 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Directorate General of Export Promotion) ****** New Delhi, dated 03rd February, 2021 To, All Pr. Chief Commissioners/ Chief Commissioners of Customs/ Customs (Prev.) All Pr. Chief Commissioners/ Chief Commissioners of Central Tax/ Central Excise […]

Guidelines on Standard Vector Borne Disease Health Policy

February 3, 2021 579 Views 0 comment Print

In order to make available Vector Borne Disease specific health insurance product addressing the needs of insuring public for getting health insurance coverage to specified Vector Borne Diseases, the Authority encourages all general and health insurers to offer Standard Vector Borne Disease Health Policy (Hereafter referred as standard product).

ICES Advisory on Budget 2021 Related Changes in EDI System- reg.

February 3, 2021 5556 Views 0 comment Print

Union Budget 2021-22 announced on 1st February 2021 has introduced some key changes on the Customs front. Changes in the duty structure and introduction of new levies has come into effect from 02-02-2021.

Risk Based Internal Audit (RBIA) in NBFCs/UCBs

February 3, 2021 7395 Views 0 comment Print

An independent and effective internal audit function in a financial entity provides vital assurance to the Board and its senior management regarding the quality and effectiveness of the entity’s internal control, risk management and governance framework.

CA firms empanelled for Special Audit with Income Tax Dept Amritsar

February 3, 2021 2766 Views 0 comment Print

Income Tax Department Amritsar Central Revenue Building, Room No. 206, 1st Floor, Maqbool Rd, C Block, Amritsar, Punjab 143001 E-mail: amritsar.ito.hql.ccit@incometax.gov.in No.0183-2506392 El No.0183-2506419 Date: 03.02.2021 Order Sub:- Empanelment of Chartered Accountant for Special Audit u/s 142(2A) of Income Tax Act, 1961: – Additional Order Regarding In pursuance of Rule 14B of the Income Tax […]

Framework for Innovation Sandbox

February 3, 2021 549 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 4/2021 Framework for Innovation Sandbox Capital market participants in India have been early adopters of technology. SEBI believes that encouraging adoption and usage of financial technology (‘FinTech’) would have a profound impact on the development of the securities market. FinTech can act as a catalyst to […]

Notice issued by officer having no jurisdiction of assessee is null & void

February 3, 2021 10002 Views 0 comment Print

Bhagyalaxmi Conclave Pvt. Ltd. Vs DCIT (ITAT Kolkata) In the remand report, the AO clearly stated that notice u/s 143(2) of the Act was issued by DCIT, Circle-1, Kolkata. The ld. D/R could not controvert the contention of the assessee that no notice u/s 143(2) of the Act was issued by the DCIT-13(1), Kolkata, who […]

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