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Furnishing & upload of Form No. 34BB on Income Tax E-filing Portal

May 24, 2021 2364 Views 0 comment Print

The assessee who wish to exercise option for withdrawal application filed u/s 245C and such application is pending, shall first provide the basic details in following format on the form placed at www.nic.in:

Foreign Exchange Management (Borrowing and lending) (Amendment) Regulations, 2021

May 24, 2021 6633 Views 0 comment Print

An AD in India may lend to a person resident outside India for making margin payments in respect of settlement of transactions involving Government Securities by the person resident outside India, subject to such terms and conditions as may be specified by the Reserve Bank.

Rule 11UAE Computation of FMV of Capital Assets for Section 50B

May 24, 2021 22701 Views 0 comment Print

CBDT notifies Rule 11UAE Computation of Fair Market Value of Capital Assets for the purposes of section 50B of Income-tax Act, 1961 vide Notification No.68/2021 Dated 24th May, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 68/2021 – Income Tax Dated: 24th May, 2021 G.S.R. 338(E).— In […]

IFSCA – Guidelines for issuance of Certificate of Deposits – Withdrawal

May 21, 2021 540 Views 0 comment Print

International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2021-22/4 Date : May 21, 2021 To all Banking Units Dear Sir/Madam, Subject: Guidelines for issuance of Certificate of Deposits – Withdrawal Banking Units may please refer to IFSCA Circular F. No.110/IFSCA/Banking Regulation/2021-22/2 on the above subject, issued on May 10, 2021. It is hereby informed, that the instructions […]

Clarification on offsetting the excess CSR spent for FY 2019-20

May 20, 2021 2745 Views 0 comment Print

Several representations have been received in the Ministry for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to ‘PM CARES Fund’ against the mandatory CSR obligation for FY 2020-21.

Sunset Review Investigation on imports of Uncoated Copier Paper initiated

May 19, 2021 816 Views 0 comment Print

Case No. (SSR – 08/2021) Initiation of Sunset Review Investigation concerning imports of Uncoated Copier Paper originating in or exported from Indonesia and Singapore.

Anti-dumping investigation on imports of Phthalic Anhydride (PAN)

May 19, 2021 3045 Views 0 comment Print

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning the imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.

Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021

May 19, 2021 1620 Views 0 comment Print

Total Foreign Investment in an Indian Insurance Company, shall mean the sum total of direct and indirect foreign investment by Foreign Investors in such company, calculated in such manner as is specified in regulations made by the Authority with regard to registration of Indian Insurance Companies

Advisory for protection of vulnerable sections of society

May 19, 2021 900 Views 0 comment Print

Government taking cognizance of the impact COVID-19 pandemic may have, particularly, on vulnerable groups, gave high priority to the matter and requested States/ Union Territories to put in place adequate mechanisms for ensuring dedicated support and assistance in a timely manner to such persons.

Insurance Ombudsman (Second Amendment) Rules, 2021

May 18, 2021 738 Views 0 comment Print

In rule 7 of the Insurance Ombudsman Rules, 2017, in sub-rule (2), in clause (a), after the words may authorise, the words, and in case there is a vacancy in the office of the Chairperson of the Authority, the senior-most whole-time member of the Authority shall be inserted.

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