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CBDT approves Indian Institute of Science Education and Research, Bhopal U/s. 35(1)(ii)

March 13, 2019 363 Views 0 comment Print

It is hereby notified for general information that the organization M/ s Indian Institute of Science Education and Research, Bhopal (PAN:- AAAAI2511F) 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

CBDT approves Institute of Nano Science and Technology, Mohali U/s. 35(1)(ii)

March 11, 2019 456 Views 0 comment Print

It is hereby notified for general information that the organization M/s Institute of Nano Science and Technology, Mohali (PAN:- AAAAI4829E) 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

No property tax for small houses (carpet area less than 500 sq.ft) in Mumbai

March 10, 2019 21057 Views 11 comments Print

Mumbai Muncipal Corporation shall not levy property tax leviable under this clause, on residential buildings or residential tenements, having carpet area of 46.45 sq. meter (500 sq. feet) or less.

Rates of rebate under RoSCTL

March 8, 2019 20499 Views 0 comment Print

The rates of RoSCTL Scheme are hereby notified as Schedules 1, 2, 3 and 4 of this notification. The rates under this scheme will come into effect from 07.03.2019 i.e. the date of the Notification of scheme guidelines published vide notification No.14/26/2016- IT (Vol.II) dated 07.03.2019 and shall remain in force up to 31.03.2020.

Govt. notifies applicability of provisions of Part VI, X & XI of Chapter VIII of Finance Act, 2018

March 8, 2019 885 Views 0 comment Print

In exercise of the powers conferred by sections 146, 178 and 191 of the Finance Act, 2018 (13 of 2018), the Central Government hereby appoints the 08th day of March, 2019, as the date on which the provisions of Part VI, Part X and Part XI of Chapter VIII of the said Act shall come into force.

Gratuity exemption u/s Section 10(10)(iii) raised to ₹ 20 lakhs

March 8, 2019 76140 Views 8 comments Print

Govt increases Gratuity exemption limit u/s Section 10(10)(iii)  to ₹ 20 lakhs from existing Rs. 10 Lakh vide Notification No. 16/2019 dated 8th March, 2019.

CBDT notifies M/s Elbit Systems Limited u/s Section 10(10)(iii)

March 8, 2019 762 Views 0 comment Print

Central Government hereby specifies that any income arising to the foreign company namely, M/s Elbit Systems Limited, Corporate Headquarters, Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel, by way of royalty or fees for technical services received

Andhra Pradesh and Madhya Pradesh get new NCLT benches

March 8, 2019 1587 Views 0 comment Print

Andhra Pradesh and Madhya Pradesh get new NCLT benches The Government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh. This step has been taken keeping in view the increasing case load, especially under the Insolvency & Bankruptcy […]

Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019

March 8, 2019 723 Views 0 comment Print

These rules may be called the Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019.(2) They shall come into force on the date of their publication in the Official Gazette.

Depositories (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019

March 8, 2019 639 Views 0 comment Print

These rules may be called the Depositories (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019. They shall come into force on the date of their publication in the Official Gazette.

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