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

April 20, 2021 109740 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:

Anti-dumping investigation on imports of ‘Plain Medium Density Fibre Board

April 20, 2021 2238 Views 0 comment Print

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness less than 6mm’ originating in or exported from Vietnam, Malaysia, Thailand and Indonesia.

IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021

April 20, 2021 753 Views 0 comment Print

These regulations may be called the Insurance Regulatory and Development Authority of India (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021.

CBDT notifies ‘Norfund, Govt of Norway’ as sovereign wealth fund | Section 10(23FE)

April 19, 2021 1215 Views 0 comment Print

CBDT specifies the sovereign wealth fund, namely, the Norfund, Government of Norway, as the specified person for the purposes of the said clause in respect of the investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024

Initiation of Sunset Review investigation on imports of ‘Axle for Trailers’ from China

April 19, 2021 405 Views 0 comment Print

Case No. AD (SSR) – 7/2021 Initiation of Sunset Review investigation concerning imports of ‘Axle for Trailers’ from China PR. The Applicant has alleged continued dumping & injury and likelihood of dumping and injury in case of expiry of existing anti-dumping duties and have requested for initiation of sunset review and continuation of the anti-dumping duty (ADD) imposed on the imports of the subject goods originating in or exported from the subject.

Govt notifies 46 Sections of National Bank for Financing Infrastructure and Development Act, 2021

April 16, 2021 858 Views 0 comment Print

Govt notifies applicability of 46 Sections of National Bank for Financing Infrastructure and Development Act, 2021 with effect from 19th day of April, 2021 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 16th April, 2021 S.O. 1657(E). – In exercise of the powers conferred by sub-section (3) of section 1 of the […]

Consideration of matters by committee of creditors on committee members request

April 16, 2021 462 Views 0 comment Print

Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) provides that a resolution professional (RP) may convene a meeting of the committee of creditors (CoC), when he considers it necessary. He shall, however, convene a meeting of the CoC, if a request to that effect is made by members of the CoC representing 33% of the voting rights.

ADD investigation on imports of ‘Copper & Copper Alloy Flat Rolled Products’

April 16, 2021 1272 Views 0 comment Print

Case No. AD-OI-06/2020 Anti-Dumping investigation concerning imports of Copper & Copper Alloy Flat Rolled Products originating in and exported from China PR, Korea RP, Malaysia, Nepal, Sri Lanka and Thailand

Production Linked Incentive Scheme (PLI) For White Goods (Air Conditioners and Led Lights) Manufacturers In India

April 16, 2021 6063 Views 5 comments Print

The Government has approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) to be implemented over FY 2021-22 to FY 2028-29 with a budgetary outlay of Rs. 6,238 crore.

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