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Notifications/Circulars

DGFT imposes MEP of US$ 850 per metric tonne on export of onions

September 13, 2019 735 Views 0 comment Print

Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B per Metric Ton till further orders.

Notification No. 65/2019-Customs (N.T.) dated 13th September 2019

September 13, 2019 1341 Views 0 comment Print

Notification No. 65/2019-Customs (N.T.)- Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

Tariff Notification No. 64/2019-Customs (N.T.) dated 13.09.2019

September 13, 2019 1098 Views 0 comment Print

Tariff Notification No. 64/2019-CUSTOMS (N.T.) dated  13th September, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 64/2019-CUSTOMS (N.T.) New Delhi, 13th September, 2019 22 Bhadrapada, […]

ACIT (e-Verification), Delhi designated as authority U/s. 143(2) R.W. Rule 12E

September 13, 2019 5628 Views 0 comment Print

CBDT notifies Assistant Commissioner of Income-tax (e-Verification), Delhi, to act as prescribed Income-tax Authority for the purpose of Section 143(2) of Income Tax Act, 1961  read with rule 12E of the Income-tax Rules, 1962 vide Notification No. 65/2019- Income Tax dated 13th September, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]

CBDT notifies tolerance range for wholesale trading & for other cases

September 13, 2019 3618 Views 0 comment Print

Notification No. 64/2019- Income Tax provides for tolerance range of one per cent. for wholesale trading and three per cent. in all other cases for assessment year 2019-20. It is certified that none will be adversely affected by the retrospective effect being given to the notification. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification […]

Functionality to process returns having Income Tax refund claims

September 12, 2019 3741 Views 0 comment Print

Functionality for processing of returns having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons- reg.

SEBI amends Circular No.CFD/DIL3/CIR/2018/2 dated March 10, 2017

September 12, 2019 5355 Views 0 comment Print

In order to streamline the processing of draft schemes, it has been decided to seek additional information further, at one go. The amendment to the Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, in relation to payment of outstanding dues of SEBI, Stock exchanges and the Depositories is as provided in the Annexure

Govt rectifies 52 errors in drafting of Act which cancelled article 370

September 12, 2019 1398 Views 0 comment Print

Government amends made 52 errors in drafting of Jammu and Kashmir Reorganisation Act, 2019.   A bill for the act was introduced by the Minister of Home Affairs Amit Shah in the Rajya Sabha, on 5 August 2019. The bill was passed in Rajya Sabha the same day and was passed by the Lok Sabha […]

Selection of Case of Search Years in ITBA Assessment module

September 12, 2019 2517 Views 0 comment Print

Availability of Miscellaneous Functionalities related to ‘Selection of Case of Search Year’ and ‘Relevant Search Years’ in Assessment module of Income Tax Business Application (ITBA)- reg. ITBA – Assessment Instruction No. 12 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/Assessment/177/2016-17/ Dated: 12/09/2019 To All Principal […]

Limit on Bank’s exposure to a single NBFC

September 12, 2019 939 Views 0 comment Print

 It has been decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricted to 20 percent of that bank’s eligible capital base. Bank finance to NBFCs predominantly engaged in lending against gold will continue to be governed by limits prescribed in circular DBOD.BP.BC.No. 106/21.04.172/2011-12 dated May 18, 2012. Reserve […]

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