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Notifications

Unmanned Aircraft System Rules, 2021

March 12, 2021 3735 Views 0 comment Print

1) These rules may be called the Unmanned Aircraft System Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette. (3) They shall apply to, – (a) Unmanned Aircraft System (UAS) registered in India, wherever they may be; or (b) a person owning or possessing or engaged in exporting, importing, manufacturing, trading, leasing, operating, transferring or maintaining an Unmanned Aircraft System in India; or (c) all Unmanned Aircraft System for the time being in or over India.

GST ITC Mismatch and How to apply for ITC verification

March 12, 2021 11430 Views 0 comment Print

Rajasthan Government notifies the manner for the verification of deposit of tax (GST) for the purpose of allowing the Input Tax Credit (ITC) for demands pertaining to assessments years upto 2017-18, where the demands have been created for want of verification of Input Tax Credit claimed by a dealer. GOVERNMENT OF RAJASTHAN COMMERCIAL TAXES DEPARTMENT […]

CBDT notifies reporting of Capital Gain, Dividend, Interest Income in SFT

March 12, 2021 24036 Views 0 comment Print

CBDT notifies that For the purposes of pre-filling the return of income, a statement of financial transaction containing information relating to capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income shall be furnished by specified persons at such frequency, and in such manner, as may be specified […]

CBDT notifies Head-quarter of PCIT/CIT (Central), Guwahati wef 03.01.2020

March 11, 2021 1182 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 14/2021-Income Tax New Delhi, the 11th March, 2021 S.O. 1160(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment […]

Arbitration and Conciliation (Amendment) Act, 2021

March 11, 2021 3891 Views 0 comment Print

(1) This Act may be called the Arbitration and Conciliation (Amendment) Act, 2021. (2) Save as otherwise provided in this Act, it shall be deemed to have come into force on the 4th day of November, 2020.

Export of Red Sanders wood by Govt of Andhra Pradesh- Extension of time reg.

March 11, 2021 393 Views 0 comment Print

Government of Andhra Pradesh has been allowed time upto 31.12.2021 to complete the process of export of allocated quantities of Red Sanders wood.

CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q

March 11, 2021 17886 Views 0 comment Print

CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Paid and any other income and tax deducted) and Annexure II to Form No. 24Q vide Notification No. 15/2021-Income Tax dated 11th March, […]

RBI notifies restrictions on Investment by AIF

March 10, 2021 4368 Views 0 comment Print

Reserve Bank of India hereby specifies Category I Alternative Investment Funds (AIFs) set up as trust and registered with Securities and Exchange Board of India under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as ‘qualified buyers’, subject to the following conditions:

CBDT approves ‘Bennett University’ for Scientific Research – Section 35(1)

March 9, 2021 615 Views 0 comment Print

Central Government hereby approves M/s Bennett University, Greater Noida, Uttar Pradesh (PAN: AAAJB1388A) under the category of ‘University, College or other institution’ for Scientific Research and Research in Social Science and Statistical Research for the purposes of clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962.

RBI notifies qualified financial market participants & Contracts

March 9, 2021 1857 Views 0 comment Print

Reserve Bank of India hereby specifies the following entities as qualified financial market participants to deal in qualified financial contracts, namely: – a. Entities licensed by RBI to do banking business, but not included in the second schedule to the Reserve Bank of India Act, 1934 (2 of 1934); b. “Export-Import Bank of India” established under the Export-Import Bank of India Act, 1981 (28 of 1981);

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