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Draft Unmanned Aircraft System Rules, 2020

June 2, 2020 1422 Views 0 comment Print

(1) These rules may be called the Unmanned Aircraft System (UAS) Rules, 2020. (2) They extend to the whole of India and shall apply also (unless the contrary intention appears) – (a) to UAS registered in India, wherever they may be; or (b) to a person owning or possessing or engaged in importing, manufacturing, trading, leasing, operating, transferring or maintaining a UAS in India; or (c) to all UAS for the time being in or over India;

Govt temporarily reduce import duty on Lentils (Mosur) till 31.08.2020

June 2, 2020 687 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Cus dated 30.06.2017 so as to temporarily reduce the import duty on Lentils (Mosur) till 31st Aug 2020 vide Notification No. 26/2020-Customs Dated 2nd June, 2020 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd June, 2020 Notification No. 26/2020-Customs G.S.R. 341(E).—In exercise of the powers conferred […]

Amendment in constitution of Quality Review Board of ICSI

June 1, 2020 543 Views 0 comment Print

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st June, 2020 G.S.R. 339(E).—In exercise of the powers conferred by section 29A of the Company Secretaries Act, 1980 (56 of 1980), read with sub-rule (1) of rule 8 of the Company Secretaries Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and […]

Govt notifies revised criteria for classification of MSME

June 1, 2020 48957 Views 19 comments Print

Govt notifies revised criteria for classification of classification of micro, small and medium enterprises (MSME) with effect from 01.07.2020. Also Read PIB Press Release- Govt further revises ceiling limits for MSME Definition New Definitions  of MSME with effect from 01.07.2020) Micro enterprises where the investment in Plant and Machinery or Equipment does not exceed one […]

Amendment in Export Policy of Alcohol based Hand Sanitizers

June 1, 2020 1491 Views 0 comment Print

Alcohol based Hand Sanitisers exported in containers with the Dispenser Pump, falling under any ITCHS Code including the HS Codes mentioned above, are prohibited for export. Alcohol based Hand Sanitisers exported in any other form/packaging are free for exports, with immediate effect.

Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account

May 29, 2020 1506 Views 0 comment Print

Agency banks were advised that petty claims of penal interest involving an amount of ₹ 500/- (on per transaction basis) or below would be ignored and excluded from the purview of penal interest on delayed reporting of State Government transactions,

Change in rate of VAT on Petrol & Diesel in Maharashtra WEF 01.06.2020

May 29, 2020 8835 Views 0 comment Print

Change in rate of VAT on Petrol & Diesel in Maharashtra WEF 01.06.2020- VAT on Petrol and Diesel (Both Branded and Unbranded) is been increased by Rs. 2 per Liter by Maharashtra Government. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 29th May, 2020. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, […]

Draft Central Motor Vehicles Amendment Rules, 2020

May 29, 2020 8586 Views 1 comment Print

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 29th May, 2020 G.S.R. 336(E).— Whereas, the following draft rules further to amend the Central Motor Vehicles Rules, 1989, which the Central Government proposes to make in exercise of the powers conferred by Sections 27(q), 8(2), 8(6), 9(2), 11(2),15(2), 15(4), 19(1A), 25A, 41(1), 41(3), 41(8), […]

ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified

May 29, 2020 119652 Views 29 comments Print

CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. Also Read- Rule 12 of Income Tax Rules wef 29.05.2020 | ITR | AY 2020-21 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]

CBDT notifies new Form 26AS [Annual Information Statement]

May 28, 2020 86598 Views 9 comments Print

Notification No. 30/2020– CBDT notifies new Form 26AS [Annual Information Statement] pursuant to Finance Act, 2020 and amendment, inserts new Rule 114-I to be effective from June 1st and omits Rule 31AB. Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act to implement revised Form 26AS . In that effect CBDT […]

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