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Notifications

CBDT notifies Rule 44FA Form & manner of filing appeal to HC against Advance Ruling

May 31, 2022 678 Views 0 comment Print

CBDT notifies Rule 44FA. Form and manner of filing appeal to the High Court on ruling pronounced or order passed by the Board for Advance Rulings under sub-section (1) of section 245W vide Notification No. 57/2022-Income Tax | Dated: 31st May, 2022. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) New Delhi […]

Extension -Interest Equalization Scheme on Pre & Post Shipment Rupee Export Credit

May 31, 2022 375 Views 0 comment Print

In this regard, Government has issued a clarification that the extended IES will also be available to such beneficiaries for segments other than for which they have availed of PLI benefits.

Companies (Compromises, Arrangements & Amalgamations) Amendment Rules, 2022

May 30, 2022 5208 Views 0 comment Print

MCA notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022 and inserted new sub-rule (3) to Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and New FORM NO. CAA.16 related to Declaration in terms of Rule 25A. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th May, 2022 G.S.R. 401(E).—In exercise of the powers conferred by […]

CBDT notifies Income-tax Authority for section 143(2) notice

May 28, 2022 7152 Views 0 comment Print

CBDT authorises Assistant Commissioner of Income Tax/ Deputy Commissioner of Income Tax (International Taxation), Circle -1(1)(1), Delhi to act as the ‘Prescribed Income-tax Authority’ for the purpose of issuance of notice under sub-section (2) of section 143 of the Act. MINISTRY OF FINANCE Department of Revenue Central Board of Direct Taxes New Delhi. Notification No. […]

Faceless Penalty (Amendment) Scheme, 2022- Reg.

May 27, 2022 1728 Views 0 comment Print

National Faceless Penalty Centre, in accordance with the guidelines issued by the Board, may,–– (a) in a case where imposition of penalty has been proposed, convey to the penalty unit to pass the penalty order as per penalty imposition proposal referred to in sub-clause (a) of clause (xv)

Faceless Penalty (Amendment) Scheme, 2022

May 27, 2022 3117 Views 0 comment Print

(1) This Scheme may be called the Faceless Penalty (Amendment) Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

Bharat Bill Payment System – Amendment to guidelines

May 26, 2022 861 Views 0 comment Print

As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended.

Amendment in import policy of Paper

May 25, 2022 6597 Views 0 comment Print

Import of Paper brought under Compulsory Registration from 1st October Import policy of Specific tariff lines under Chapter 48 of ITC(HS) 2022 as given at Annexure -I to this Notification is revised from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System (PIMS)’. Move addresses dumping concerns of domestic paper industry and […]

IFSCA recognises NSE IFSC Clearing Corporation & NSE IFSC Limited

May 25, 2022 663 Views 0 comment Print

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, 25th May, 2022 No. IFSCA/2020-21/NICCL/245.—The International Financial Services Centres Authority, having considered the application for grant of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by NSE IFSC Clearing Corporation Limited, Unit No. 1202, Brigade International Financial Centre, 12th Floor, […]

Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022

May 25, 2022 5421 Views 0 comment Print

Notification issued pertaining to base premium for third party insurance for unlimited liability The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 vide notification dated 25.05.2022. The rules shall come into force on […]

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