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Export of Red Sanders wood by Govt of Andhra Pradesh- Extension of time reg.

March 11, 2021 399 Views 0 comment Print

Government of Andhra Pradesh has been allowed time upto 31.12.2021 to complete the process of export of allocated quantities of Red Sanders wood.

CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q

March 11, 2021 18378 Views 0 comment Print

CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Paid and any other income and tax deducted) and Annexure II to Form No. 24Q vide Notification No. 15/2021-Income Tax dated 11th March, […]

RBI notifies restrictions on Investment by AIF

March 10, 2021 4515 Views 0 comment Print

Reserve Bank of India hereby specifies Category I Alternative Investment Funds (AIFs) set up as trust and registered with Securities and Exchange Board of India under Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as ‘qualified buyers’, subject to the following conditions:

CBDT approves ‘Bennett University’ for Scientific Research – Section 35(1)

March 9, 2021 645 Views 0 comment Print

Central Government hereby approves M/s Bennett University, Greater Noida, Uttar Pradesh (PAN: AAAJB1388A) under the category of ‘University, College or other institution’ for Scientific Research and Research in Social Science and Statistical Research for the purposes of clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962.

RBI notifies qualified financial market participants & Contracts

March 9, 2021 1938 Views 0 comment Print

Reserve Bank of India hereby specifies the following entities as qualified financial market participants to deal in qualified financial contracts, namely: – a. Entities licensed by RBI to do banking business, but not included in the second schedule to the Reserve Bank of India Act, 1934 (2 of 1934); b. “Export-Import Bank of India” established under the Export-Import Bank of India Act, 1981 (28 of 1981);

Initiation of anti-dumping investigation on imports of Melamine

March 9, 2021 426 Views 0 comment Print

ORRIGENDUM NOTIFICATION on Initiation of anti-dumping investigation concerning imports of Melamine originating in or exported from the European Union, Japan, Qatar and the United Arab Emirates.

CBDT amends Rule 10V – Guidelines for application of section 9A

March 9, 2021 1524 Views 0 comment Print

In the Income-tax Rules, 1962, in rule 10V, in sub-rule (12), after the second proviso and before the Explanation, the following provisos shall be inserted, namely:‑ Provided also that the provisions of sub-rules (3) to (12) of rule 10VA shall, mutatis mutandis, apply to the application made under the second proviso as they apply to application made under sub-rule (2) of the said rule:

FSS (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2021

March 8, 2021 1458 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2021. (2) They shall come into force on 8th June, 2021.

IBBI Invites comments on Pre-packaged Insolvency Resolution Process

March 8, 2021 828 Views 0 comment Print

Public comments are hereby invited on recommendations of Sub-committee of ILC on Pre-packaged Insolvency Resolution Process. Suggestion/comments, if any, along with brief justification may be submitted online therein at the below mentioned web link by the end of business hours on 22nd January, 2021:

Sunset review investigation concerning imports of 2-Ethyl Hexanol

March 8, 2021 813 Views 0 comment Print

Case No. AD-SSR-12/2020 Sunset review investigation concerning imports of 2-Ethyl Hexanol Originating in or exported from European Union, Indonesia, Korea RP, Malaysia, Taiwan and United States of America.

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