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Notifications/Circulars

Re-designation of nomenclature of posts of Member CBDT and revision in their Jurisdiction

September 11, 2019 1728 Views 0 comment Print

Office Order No. 197 of 2019 – Re-designation of the nomenclature of the posts of Member CBDT and revision in their Jurisdiction – reg. F. No.A-35015/7/2012-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi, The 11th September. 2019 Office Order No. 197 of 2019 With the […]

Withdrawal of Press Note No. 17 (1984 Series)

September 11, 2019 1785 Views 0 comment Print

The Press Note No. 17 (1984) series regarding Environmental clearance of Industrial Licence- conditions of Letter of Intent/Industrial Licence, relates to pre-1991 period. After the Industrial Policy Resolution 1991, and considering various amendments made to Notification No. 477(E) dated 25th July, 1991 only the following four Industries are covered under compulsory licensing:

Licensing requirement for Parts and Accessories in Defence Sector

September 11, 2019 723 Views 0 comment Print

In reference to Press Note 1 (2019 Series) dated January 1, 2019 it is hereby clarified that No Industrial Licence/Arms Licence is required for the manufacture of any parts or accessories in Defence Sector, unless they are specifically listed in any of the Annexures of the said Press Note.

Last date of Import of Pulses for fiscal year 2019-20

September 11, 2019 672 Views 0 comment Print

All importers are requested to stick to the date and complete their import by 31.10.2019 and submit a final report of imports made by them by the 07th November, 2019 and RA’s will submit a consolidated report to the Headquarters by the 15th of November. 2019.

Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure-Reg

September 9, 2019 5916 Views 0 comment Print

CBDT has been issuing guidelines from time to time for compounding of offences under Direct Tax Laws, prescribing eligibility conditions. One of the conditions for filing of Compounding application is that, it should be filed within 12 months from filing of complaint in the court.

Procedure to identify & process Income Tax cases for prosecution

September 9, 2019 19956 Views 0 comment Print

Prosecution is a criminal proceeding. Therefore, based upon evidence gathered, offence and crime as defined in the relevant provision of the Act, the offence has to be proved beyond reasonable doubt. To ensure that only deserving cases get prosecuted the Central Board of Direct Taxes in exercise of powers under section 119 of the Act lays down the following criteria for launching prosecution in respect of the following categories of offences.

Report of Committee on Development of Housing Finance Securitisation Market

September 9, 2019 783 Views 0 comment Print

The key recommendations of the Committee, guided by the broad perspective of enhancing efficiency and transparency of securitisation transactions, are as follows: setting up of a government sponsored intermediary, through the National Housing Bank, to enable market making and standard setting;

RBI Master Circular: Disbursement of Government Pension by Agency Banks

September 9, 2019 1611 Views 0 comment Print

Reserve Bank Of India RBI/2019-20/57 DGBA.GBD.No.521/31.02.007/2019-20 September 9, 2019 All Agency Banks Dear Sir/Madam Master Circular – Disbursement of Government Pension by Agency Banks Please refer to our Master Circular RBI/2018-19/1 dated July 2, 2018 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by […]

Employees’ State Insurance (Central) Amendment Rules, 2019

September 7, 2019 23304 Views 1 comment Print

1. (1) These rules may be called the Employees’ State Insurance (Central) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Employees’ State Insurance (Central) Rules, 1950, in rule 52, for the words rupees one hundred thirty seven, the words rupees one hundred seventy six shall be substituted.

Statutory Repositories under IBBI (Information Utilities) Regulations, 2017

September 7, 2019 807 Views 0 comment Print

IBBI approves MCA 21 database of the Ministry of Corporate Affairs and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) registry as repositories under regulation 21(2)(c)(ii) of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, […]

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