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Import policy of mosquito killer racket revised to ‘Prohibited’

April 26, 2021 3471 Views 0 comment Print

Import policy of mosquito killer racket under HS Codes 85167920 and 85167990 is revised from ‘Free’ to ‘Prohibited’ if C.I.F value is below Rs121/per racket vide Notification No. 2/2015-2020 Dated: 26th April, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the Notification No. 2/2015-2020 Dated: 26th April, […]

Covid related vaccines & Oxygen exempted from basic customs duty

April 24, 2021 14340 Views 0 comment Print

In line with decisions taken in high level meeting taken by Hon’ble PM, Notification No. 28/2021-Customs dated April 24, 2021 issued exempting Customs duty on medical grade Oxygen, Oxygen related equipments and COVID-19 vaccines till July 31, 2021. Also Read:PM chairs meeting on increase in supply of oxygen & related equipment MINISTRY OF FINANCE (Department […]

CBDT notifies ‘Maa Umiya Temple’ under Section 80G(2)(b)

April 23, 2021 1806 Views 0 comment Print

CBDT vide Notification No. 36/2021-Income Tax Dated:  23rd April, 2021 notifies ‘Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad’ to be place of artistic importance and a place of public worship of renown throughout the state of Gujarat State for the purposes of Section 80G(2)(b) from Financial Year 2021-2022 MINISTRY OF FINANCE […]

CBDT notifies ‘Canada Pension Plan Investment Board Private Holdings (4) Inc’ U/s. 10(23FE)

April 22, 2021 2229 Views 0 comment Print

Central Government hereby specifies ‘CPP Investment Board Private Holdings (4) Inc.’, as the specified person for the purposes of sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of Income-tax Act, 1961 in respect of the eligible investment made by it in India on or after 22nd April 2021 […]

CBDT notifies ‘Canada Pension Plan Investment Board’ U/s. 10(23FE)

April 22, 2021 639 Views 0 comment Print

Central Government hereby specifies ‘Canada Pension Plan Investment Board’, as the specified person for the purposes of sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of the eligible investment made by it in India on or after 22nd April 2021 but […]

Indian Medicine Council (Amendment) Ordinance, 2021

April 22, 2021 663 Views 0 comment Print

Indian Medicine Council (Amendment) Ordinance, 2021. In section 3A of the Indian Medicine Central Council Act, 1970, in sub-section (2), for the words ‘within a period of one year’, the words ‘within a period of two years’ shall be substituted.

Customs duty on import of Remdesivir waived off

April 20, 2021 7890 Views 0 comment Print

CBIC exempt customs duty on import of Remdesivir injection, Remdesivir API and Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir, up to 31st October, 2021 vide Notification No. 27/2021–Customs Dated 20th April, 2021. Government has waived the Custom Duty Considering the immediate requirement on the recommendation of the Department of Pharmaceuticals, the Department of […]

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income

April 20, 2021 95913 Views 0 comment Print

The reporting entities are advised to provide information of interest income, reported to Income Tax Department, to the account holder (in the form of Interest Certificate either through email or portal) which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Format, Procedure and Guidelines for submission of Statement of Financial Transactions  (SFT) for Dividend income

April 20, 2021 109734 Views 5 comments Print

The reporting entities are advised to provide information of dividend income, reported to Income Tax Department, to the taxpayers which will enable them to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Formation of new district in Tamil Nadu –Assignment of Lead Bank Responsibility

April 20, 2021 582 Views 0 comment Print

he Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank responsibility of the new district as under:

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