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Notifications/Circulars

Extension of ad-hoc appointment of 694 Income Tax Officers

October 20, 2020 1536 Views 0 comment Print

I am directed to refer to the abovementioned subject and to convey concurrence of the Department of Personnel & Training (DoP&T) in respect of 694 officers, as in Annexure-A, for extending the ad-hoc appointment to the grade of Income Tax Officer till 31.12.2020, made by the respective Cadre Controlling Authorities (CCAs).

Contactless delivery of international courier consignments -reg.

October 20, 2020 738 Views 0 comment Print

Circular No. 47/2020-Customs F. No. 451/13/2020-Cus. V Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ************ North Block, New Delhi Dated 20th October 2020 To, All Principal Chief Commissioners/Chief Commissioners of Customs Principal Directors General/Directors General of Customs Principal Commissioners/Commissioner of Customs Subject: Contactless delivery of international […]

MCA relaxes residency requirement of 182 days for Director

October 20, 2020 6360 Views 0 comment Print

It is hereby clarified that non-compliance of minimum residency in India for a period of at least 182 days in a year, by at least one director in every company, under section 149 of the Companies Act, 2013 shall not be treated as non-compliance for the financial year 2020-­2021 also.

Duty on imports of ‘Polybutadiene Rubber’ originating in Korea RP

October 20, 2020 771 Views 0 comment Print

Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of ‘Polybutadiene Rubber’ originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement. Government of India Ministry of Finance (Department of Revenue) Notification No. 37/2020-Customs New Delhi, the 20th October, 2020 G.S.R 651(E).— In […]

Farmers’ Produce Trade & Commerce (Promotion & Facilitation) Rules, 2020

October 20, 2020 1068 Views 1 comment Print

(1) These rules may be called the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Rules, 2020. (2) They shall come into force on the date of their publication in the official Gazette.

Exposure Draft on IRDAI (Insurance Advertisements and Disclosure) Regulations, 2020

October 20, 2020 1062 Views 1 comment Print

Insurance Regulatory and Development Authority of India Ref. No: 2020 Dated: 20.10.2020 Exposure Draft on Insurance Regulatory and Development Authority of India (Insurance Advertisements and Disclosure) Regulations, 2020 Background Reference is drawn to IRDA (Insurance Advertisements and Disclosure) Regulations, 2000 which were notified in the year 2000, and for which two minor amendments were effected in 2010 […]

CBDT revises guidelines for intrusive or coercive tax recovery

October 19, 2020 9585 Views 0 comment Print

Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive action for recovery of tax demand by Assessing Officers or Tax Recovery Officers. F.No.275/29/2020-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi ******** Dated 19th […]

CBDT issues guideline on power of survey under section 133A

October 19, 2020 10377 Views 0 comment Print

Order under section 119 of the Income-tax Act, 1961 for exercising power of survey u/s 133A of the Income-tax Act, 1961 and in pursuance of The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 Regarding

ICAI Allows Provisional Registration in CA Foundation Course after passing Class X Examination

October 19, 2020 5058 Views 0 comment Print

Public Relations Committee The Institute of Chartered Accountants of India 19th October, 2020 PRESS RELEASE ICAI Allows Provisional Registration in CA Foundation Course after passing Class X Examination With an aim to provide high quality education and keeping the future global business competencies in mind, the Institute of Chartered Accountants of India (ICAI) from time-to-time […]

Major decisions of 42nd meeting of GST Council held on 05.10.2020

October 19, 2020 816 Views 0 comment Print

This is for information of all taxpayers that the following proposals have been approved by the GST council, in its 42nd meeting, held on 5th October, 2020. The proposed timelines for implementation of the said decisions are given in the table below:-

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