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CBDT exempts certain class of persons from furnishing return of income

October 11, 2021 6999 Views 0 comment Print

Central Government, hereby exempts the following class of persons mentioned in column (2) of the Table below, subject to the conditions specified in column (3) of the said Table , from the requirement of furnishing a return of income under sub-section (1) of section 139 of the said Act from assessment year 2021-2022 onward

Registration of Assignment of Receivables (Amendment) Rules, 2021

October 11, 2021 1293 Views 0 comment Print

(1) These rules may be called the Registration of Assignment of Receivables (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

DGFT notifies port of Ranaghat Railway Station (INRNG2) for import

October 8, 2021 1686 Views 0 comment Print

The port of Ranaghat Railway Station (INRNG2) has been additionally included for allowing imports under Notification No. 20/2015-20 dated 24.08.2021.

Inclusion of ‘Paytm Payments Bank Limited’ in Second Schedule of RBI Act

October 7, 2021 993 Views 0 comment Print

Paytm Payments Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III – Section 4) dated October 02-October 08, 2021.

Prohibition on export of Red Sanders wood in log form relaxed

October 7, 2021 2070 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 810.1894 MT of Red Sanders wood in log form Forest, Environment & Climate Change Department, Government of Odisha. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi New […]

PM CARES for Children Scheme, 2021

October 6, 2021 2142 Views 0 comment Print

PM CARES for Children Scheme, 2021- An account may be opened in the name of a beneficiary with the concerned District Magistrate as joint account holder for an eligible beneficiary who has not attained the age of 18 years on the date of event and has also not turned 18 years on the date of opening of account, in accordance with the scheme guidelines

Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021

October 5, 2021 4539 Views 0 comment Print

1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

RBI: Subsidiary General Ledger Account: Eligibility Criteria & Operational Guidelines

October 5, 2021 2679 Views 0 comment Print

Reserve Bank of India has issued and gazetted revised Eligibility Criteria and Operational Guidelines for opening and maintaining of Subsidiary General Ledger (SGL) Accounts and Constituents’ Subsidiary General Ledger (CSGL) Accounts dated September 22, 2021. These Guidelines have been issued in supersession to earlier Guidelines dated October 29, 2018.

Value Free Transfer (VFT) of Government Securities – Guidelines

October 5, 2021 1032 Views 0 comment Print

VFT of the government securities shall mean transfer of securities from one SGL/CSGL to another SGL/CSGL account, without corresponding payment leg in the books of RBI.

Enhancement in family pension of employees of banks – Treatment of additional liability

October 4, 2021 597 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks – Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for […]

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