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Notifications/Circulars

Maharashtra Extends Lockdown till 7 AM on 15th May 2021

April 29, 2021 4362 Views 0 comment Print

Maharashtra extends all the restrictions that have been imposed vide `Break the Chain’ orders dated 13th April, 2021 and 21st April, 2021 along with all additions and clarifications issued thereof in the State till 7 AM on 15th May, 2021. GOVERNMENT OF MAHARASHTRA Department of Revenue and Forest, Disaster Management, Relief and Rehabilitation, Mantralaya, Mumbai- […]

Alignment of interest of Key Employees of AMCs with Unitholders of MF

April 28, 2021 915 Views 0 comment Print

In order to align the interest of the Key Employees of the AMCs with the unitholders of the mutual fund schemes, it has been decided that a part of compensation of the Key Employees of the AMCs shall be paid in the form of units of the scheme(s), as under:

IRDAI fines Max Life Insurance Company Ltd

April 28, 2021 1143 Views 0 comment Print

Max Life argued that there was no clarity prior to the issue of Outsourcing regulations,2017 that training activity falls within the definition of Outsourcing and that there was no uniform practice across the Industry.

Expediting supply of medical devices required for COVID19 patient care

April 28, 2021 588 Views 0 comment Print

Permission for making mandatory declarations required under the Legal Metrology (Packaged Commodities) Rules, 2011 after custom clearance and before sale to importers of medical devices due to prevalent situation of COVID-19

Indian Red Cross Society imports of relief materials related to COVID-19 pandemic

April 28, 2021 765 Views 0 comment Print

All permissions / licenses / authorizations required from other Government Departments / Agencies prior to the clearance of goods, if any, are deemed to have been given in respect of such imports in terms of this Instruction. In other words, these cases would not need to be referred to those agencies or the requirement may be suitably waived. This point must be implemented without exception.

Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021

April 28, 2021 17733 Views 5 comments Print

This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021. It shall come into force on the date of its publication in the Official Gazette, except sub-clause (iv) of clause (b) of paragraph 2, which shall be deemed to have come into force on the 1 5th day of February, 2020.

Committee on ARCss invites views & suggestions from stakeholders

April 28, 2021 258 Views 0 comment Print

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank of India had announced setting up of a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector.

GSTR-3B & GSTR-1/ IFF, using EVC enabled for companies

April 27, 2021 14322 Views 0 comment Print

The facility of filing GSTR-3B and GSTR-1/ IFF, using EVC instead of DSC, for companies has been provided vide Notification No. 07/2021- Central Tax dated 27.04.2021 for period upto 31.05.2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 27th April, 2021 Notification No. 07/2021–Central Tax G.S.R. 292(E).—In […]

Government extends time for payment under VSV to 30.06.2021

April 27, 2021 3084 Views 0 comment Print

Government extends time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, to 30th June, 2021 vide Notification No. 39/2021-Income Tax, Dated: 27th April, 2021. Also Read: Government extends timelines for Income Tax Assessment (Read Notification) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT […]

Government extends timelines for Income Tax Assessment (Read Notification)

April 27, 2021 68733 Views 4 comments Print

Central Government has decided to extend the time limits to 30th June, 2021 in the following cases where the time limit was earlier extended to 30th, April 2021 through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020, namely:-

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