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Notifications/Circulars

Condonation of delay in filing of Form No. 10BB for AY 2018-19 & subsequent years

July 19, 2022 3771 Views 0 comment Print

In all the cases of applications for condonation of delay in filing of Form No. 10BB for years prior to AY. 2018-19, the Commissioners of Income-tax are authorized to admit applications for condonation of delay u/s 119(2)(b) of the Act.

Procedure for seeking WFH permission -Rule 43A of SEZ Rules, 2006

July 19, 2022 3861 Views 1 comment Print

An Unit, where, its employees are working from home or from any place outside the Special Economic Zone on the date of commencement of the Special Economic Zones (Third Amendment) Rules, 2022 shall submit its proposal for permission to the Development Commissioner within ninety days from the date of such commencement (i.e. 14 July, 2022).

Shri Pramod Rao takes charge as Executive Director, SEBI

July 19, 2022 390 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 24/2022 Shri Pramod Rao took charge as Executive Director in SEBI on July 15, 2022. He will handle the Department of Debt and Hybrid Securities (DDHS) and Enquiry and Adjudication Department (EAD). Prior to this assignment, Shri Pramod Rao held the position of Group General Counsel […]

Govt reduces Road and Infrastructure Cess on export of Petrol

July 19, 2022 2064 Views 0 comment Print

Seeks to amend No. 10/2022-Central Excise, dated the 30th June, 2022, to reduce the Road and Infrastructure Cess on export of Petrol vide Notification No. 20/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 19th July, 2022 Notification No. 20/2022-Central Excise G.S.R. 586(E).— In exercise of the powers […]

CBIC exempts Petrol, Diesel & Aviation Turbine Fuel from SAED & RIC when exported from SEZ

July 19, 2022 999 Views 1 comment Print

Seeks to exempt the excisable goods, namely Petrol, Diesel and Aviation Turbine Fuel from Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC) when exported from units located in the Special Economic Zones (SEZ) vide Notification No. 19/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 19th […]

CBIC reduces Special Additional Excise Duty on Petroleum Crude Production & Aviation Turbine Fuel export

July 19, 2022 2085 Views 0 comment Print

CBIC reduces Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel vide Notification No. 18/2022-Central Excise | Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 18/2022-Central Excise | Dated: 19th July, 2022 G.S.R. 584(E).—In exercise of the powers conferred by section 5A of the Central Excise […]

CBI reduces Special Additional Excise Duty on exports of Petrol & Diesel

July 19, 2022 690 Views 0 comment Print

Seeks to amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on exports of Petrol and Diesel vide Notification No. 17/2022-Central Excise Dated: 19th July, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 17/2022-Central Excise | Dated: 19th July, 2022 G.S.R. 583(E).—In exercise of the powers conferred by […]

Corrigendum Notification No. 84/2022-Income Tax, Dated: 19/07/2022

July 19, 2022 876 Views 0 comment Print

CBDT issues Corrigendum Notification No. 84/2022-Income Tax, Dated: 19/07/2022 to rectify its mistakes in Notification No. 67/2022-Income Tax | Dated: 21st June, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi Notification No. 84/2022-Income Tax | Dated: 19th July, 2022 G.S.R. 582(E).–In the notification of the Government of India, Ministry […]

Levy of Goods & Services Tax (GST) on the fees payable to SEBI

July 18, 2022 1629 Views 0 comment Print

GST Council in its meeting held on June 28 and June 29, 2022, recommended inter alia to withdraw the exemption granted to services by SEBI and the same has been notified vide Notification No.4/2022 dated 13th July, 2022.

Portfolio manager not accountable for securities held by clients outside PMS

July 18, 2022 945 Views 0 comment Print

A portfolio manager may not be held accountable for securities held by its clients outside the PMS arrangement.

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