CBDT issued Notification No. 33/2023-Income Tax on May 29, 2023. This notification introduces the e-Appeals Scheme, 2023 under the provisions of the Income-tax Act, 1961. The key points of the scheme are as follows: 1. The scheme is called the e-Appeals Scheme, 2023 and it comes into force from the date of its publication in […]
DGFT issued Notification No. 09/2023 dated 29th May, 2023. The notification pertains to an amendment in the policy conditions of SI.No. 55 and 57, Chapter 10 Schedule-2, ITC(HS) Export Policy, 2018. According to the notification, the Central Government has amended the existing entries of Chapter 10 at Sl. No. 55 and 57 related to the […]
Strong Infracon Private Limited and Elite Realcon Private Limited were identified as violators of Section 134(5)(a) of the Companies Act, 2013, following an inspection conducted under Section 206(5) of the Act. These violations date back to the fiscal years 2010-11 to 2015-16. The penalty imposed amounts to a total of INR 400,000, distributed between the […]
CBDT issued Notification No. 32/2023- Income Tax on May 29, 2023. This notification introduces the Income-tax (Sixth Amendment) Rules, 2023, which further amend the Income-tax Rules, 1962. The key changes made by these rules are as follows: Rule 45: The words “Commissioner (Appeals)” in the marginal heading and sub-rule (1) are replaced with “Joint Commissioner […]
ITC (HS) 2022, (Schedule-I) Import Policy is amended in sync with the Finance Act, 2023 and Foreign Trade Policy, 2023. This shall come into force with immediate effect.
A detailed guide from Institute of Cost Accountants of India about mandatory communication regulations for Cost Accountants. Understand format and implications of non-compliance.
In the Finance Act, 2023, an amendment was introduced in this provision to bring the consideration received from non-residents within the ambit of Clause (viib) of sub-section (2) of section 56 of the Income-tax Act, 1961.
The Transport Department of Delhi has issued a notification regarding the draft scheme called ‘The Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023.‘ The scheme is being introduced in compliance with the Motor Vehicle Aggregator Guidelines, 2020. It applies to all premium buses operating under a valid Aggregator license within the National Capital […]
The Ministry of Corporate Affairs announces the appointment of new Judicial and Technical Members in the National Company Law Tribunal.
A coin with a denomination of Seventy Five Rupees will be minted at the Mint under the authority of the Central Government to mark the occasion of the Inauguration of New Parliament Building.
