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Reporting & Accounting of Central Government transactions by Banks for March 2023

March 16, 2023 1257 Views 0 comment Print

Government of India has decided that the date of closure of residual transactions for the month of March 2023 be fixed as April 10, 2023. In view of the ensuing closing of Government accounts for the financial year 2022-23, receiving branches including those not situated locally, should adopt special arrangements such as courier service etc., for passing on challans/scrolls etc., to the Nodal/Focal Point branches so that all payments and collections made on behalf of Government towards the end of March are accounted for in the same financial year. These instructions regarding special messenger arrangements may please be informed to all branches concerned.

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2023

March 14, 2023 2220 Views 0 comment Print

These regulations maybe called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2023.

DGFT amends policy for import of marble from Bhutan

March 14, 2023 1914 Views 0 comment Print

Import of 10000 MT of marble [under ITC (HS) Codes 2515 and 6802] shall be allowed from Bhutan without Minimum Import Price each year, subject to valid Registration Certificate issued by the DGFT. The procedure for issuance of Registration Certificate shall be notified separately. Government of India Ministry of Commerce & Industry Department of Commerce […]

Notification No. 13/2023-Income Tax, Dated: 14.03.2023

March 14, 2023 3405 Views 1 comment Print

CBDT notifies Notification No. 13/2023- Income Tax, Dated: 14.03.2023 to amend notification number S.O.1911(E) dated the 21st April, 2022  to replace the words Ariyalur & Kanniyakumari with the words Districts of Ariyalur & Districts of Kanniyakumari respectively. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) Notification No. 13/2023- Income Tax […]

Draft Surrogacy (Regulations) Amendment Rules, 2023

March 11, 2023 1827 Views 0 comment Print

‘Couple of Indian Origin’ means the couple where both husband(male) and wife(female) are Overseas Citizens of India(OCI) cardholders in accordance with the Instructions/Rules/Guidelines/Acts being followed by the Ministry of Home Affairs (MHA) from time to time subject to fulfilment of various criteria as per Surrogacy (Regulation) Act, 2021

Filing of manual Appeal before 1st Appellate Authority under Odisha GST

March 10, 2023 2355 Views 0 comment Print

WHEREAS, filing of appeal applications in Form GST APL-01 electronically in the GST Common Portal is not possible in certain specific circumstances where the proper officers have passed orders manually disposing the rectification applications filed manually under Section 161 of the Odisha Goods & Services Tax Act, 2017.

Bar Council of India allows Foreign Lawyers and Foreign Law Firms in India

March 10, 2023 11763 Views 1 comment Print

Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022 vide Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022. BAR COUNCIL OF INDIA NOTIFICATION New Delhi, the 10th March, 2023 Bar Council of India Rules […]

Govt notifies Cryptocurrency – Virtual digital assets under PMLA, 2002

March 7, 2023 3891 Views 0 comment Print

Central Government hereby notifies that the following activities when carried out for or on behalf of another natural or legal person in the course of business as an activity for the purposes of said sub sub-clause, namely:- (i) exchange between virtual digital assets and fiat currencies; (ii) exchange between one or more forms of virtual digital assets;

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023

March 7, 2023 14058 Views 0 comment Print

Every Banking Company or Financial Institution or intermediary, as the case may be, shall register the details of a client, in case of client being a non-profit organisation, on the DARPAN Portal of NITI Aayog, if not already registered, and maintain such registration records for a period of five years after the business relationship between a client and a reporting entity has ended or the account has been closed, whichever is later.

Procedure for Himachal Pradesh Sadhbhawana Legacy Cases Resolution Scheme, 2023

March 4, 2023 2886 Views 0 comment Print

After introducing Himachal Pradesh Sadhbhawana Legacy Cases Resolution Scheme, 2023 Government of Himachal Pradesh on 04.03.2023 notifies Procedure for the Himachal Pradesh Sadhbhawana Legacy Cases Resolution Scheme, 2023 vide notification no. No. EXN-F-(10)-17/2022 dated 04.03.2023 which is applicable for (a) settlement of any additional demand pending for recovery pertaining to a financial year or any […]

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