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Govt reduces interest rates for Small Savings Schemes by 0.10%

June 28, 2019 714 Views 0 comment Print

Rates of interest on various small savings schemes for the second quarter of financial year 2019-20 starting 1st July, 2019, and ending on 30th September 2019, on the basis of the interest compounding / payment built-in in the schemes. shall be as under.

SEBI to Implement Phase II of Unified Payments Interface with ASBA

June 28, 2019 552 Views 0 comment Print

Streamlining the Process of Public Issue of Equity Shares and convertibles- Implementation of Phase II of Unified Payments Interface with Application  Supported by Block Amount Securities and Exchange Board of India SEBI/HO/CFD/DIL2/CIR/P/2019/76 June 28, 2019 To Recognized Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents […]

Maharashtra Tax Laws (Second Amendment and Validation) Bill, 2019

June 28, 2019 915 Views 0 comment Print

The Maharashtra Value Added Tax Act, 2002 is being amended,— (a) to enable grant of refunds or determination of net tax payable, in respect of those dealers, who are being assessed under section 23(5) of the said Act, after adjusting amount of refund claimed in the returns or mentioned in the audit report ;

Income Tax Notification No. 50/2019, Dated: 27.06.2019

June 27, 2019 1680 Views 0 comment Print

M/s. Rolls-Royce Defense Services, Inc., 450 South Meridian Street, Indianapolis, Indiana 46225-1103, United State of America, by way of royalty or fees for technical services received in pursuance of the Mission Ready Management Solutions Agreement (MRMS) No. CABS/18FET005/17-18, dated the 14 July 2017, entered into between M/s. Rolls-Royce Defense Services, Inc. and Centre for Air borne Systems, Defence Research and Development Organisation, Ministry of Defence, to the extent of USD 21,67,317.50, shall not be included in computing the total income of the said foreign company.

CBDT notifies ‘Karnataka Electricity Regulatory Commission’ for exemption U/s. 10(46)

June 27, 2019 690 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Karnataka Electricity Regulatory Commission’, Bengaluru (PAN AAAGK0112L), a commission established by the Government of Karnataka, in respect of the following specified income arising to that Commission, namely:-

SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019

June 27, 2019 3069 Views 0 comment Print

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th June, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2019 No. SEBI/LAD-NRO/GN/2019/22.—In exercise of the powers conferred by section 11, sub-section (2) of […]

Public can continue to accept all the coins as legal tender: RBI

June 26, 2019 801 Views 0 comment Print

Reserve Bank appeals to members of the public not to give credence to such rumours and continue to accept these coins as legal tender in all their transactions without any hesitation.

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2019

June 26, 2019 3963 Views 1 comment Print

A BILL to provide for settlement of arrears of tax, interest, penalty or late fee which were levied, payable or imposed, respectively under various Acts administered by the Goods and Services Tax Department and for the matters connected therewith or incidental thereto.

Notification No. 48/2019-Income Tax Dated: 26.06.2019

June 26, 2019 870 Views 0 comment Print

It is hereby notified for general information that the organization M/s. Manipal Academy of Higher Education, Manipal,Karnataka (PAN:- AAAJN0078Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2015-16 and onwards in the category of ‘University, College or other Institution’, subject to the following conditions, namely:-

CBDT expands Terms of Reference for drafting new Direct Tax Law

June 24, 2019 1134 Views 0 comment Print

CBDT expands Terms of Reference for drafting new Direct Tax Law to include (i) The Faceless and anonymised verification/ scrutiny/ assessment (ii) The mechanism for system based cross verification of the financial transactions (iii) Reduction in litigation and expeditious disposal of appeals before the CIT (Appeals), ITAT, High Courts and Supreme Court (iv) Reduction of […]

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