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ICAI renames Jammu Branch of NIRC of ICAI

July 29, 2021 999 Views 0 comment Print

Name of ‘Jammu Branch of NIRC of ICAI’ has been changed and the same shall now be known as ‘Jammu and Kashmir Branch of NIRC of ICAI’. The jurisdiction of Jammu and Kashmir Branch shall now cover all members and students within the jurisdiction of Union Territory of Jammu and Kashmir. THE INSTITUTE OF CHARTERED […]

Coconut Development Board (Amendment) Bill, 2021

July 29, 2021 987 Views 0 comment Print

(1) This Act may be called the Coconut Development Board (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

New Income Tax Rule 130 & 131 related to Forms, Return Orders, reports

July 29, 2021 28050 Views 0 comment Print

CBDT has vide Notification No. 83/2021-Income Tax | Dated: 29th July, 2021 inserted rule 130 and Omitted various Income Tax  rules and Forms. It further inserted Rule 131 which related to Electronic furnishing of Income tax Forms, Returns, Statements, Reports, orders MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi. Notification […]

General Insurance Business (Nationalisation) Amendment Bill, 2021

July 28, 2021 2604 Views 0 comment Print

General Insurance Business (Nationalisation) Amendment Bill, 2021 is introduced in Lok Sabha on 30th July 2021. General Insurance Business (Nationalisation) Amendment Bill, 2021, inter alia, provides for the following:— (i) to omit the proviso to section 10B of the Act so as to remove the requirement that the Central Government holds not less than fifty-one […]

Initiation of sunset review investigation on imports of Wire Rod of alloy or non-alloy steel

July 28, 2021 567 Views 0 comment Print

INITIATION-NOTIFICATION Dated: New Delhi, the 28th July, 2021| (Case No. AD (SSR) – 15/2021) | Initiation of sunset review investigation concerning imports of Wire Rod of alloy or non-alloy steel originating in or exported from China PR

Delhi Authority for Advance Ruling reconstituted

July 27, 2021 2232 Views 0 comment Print

Governor of Delhi under Delhi Goods and Services Tax Act, 2017, is pleased to reconstitute the Delhi Authority for Advance Ruling, with Abhishek Chandra Gupta and Franklin Laltinkhuma (IAS).

CBDT amended Rule 12 of Income Tax Rules related to ITR Filing

July 27, 2021 19767 Views 0 comment Print

CBDT has last amended Rule 12 of Income Tax Rules related to ITR Filing vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and now it has once again amended rule 12 vide Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 to amend Sub-Rule (1) and (5). Also Read: Rule 12 of Income Tax […]

SOP for handling writ petition in case of faceless assessments

July 26, 2021 10692 Views 0 comment Print

Standard Operating Procedure (SOP) for handling writ petitions where assessment is made under the Faceless Assessment Scheme 2019 (FAS’ 19)/section 144B of the IT Act, 1961(the Act) and or penalty is passed under Faceless Penalty Scheme, 2021, where NaFAC/CBDT is one of the respondents

Food Safety and Standards (Food Products Standards and Food Additives) Third Amendment Regulations, 2021

July 26, 2021 3735 Views 0 comment Print

1. (1) These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Third Amendment Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette and food business operator shall comply with all the provisions of these regulations with effect from 1st February, 2022.

Customs Duty on Mosur Dal reduced from 30% to 10%

July 26, 2021 1686 Views 0 comment Print

To give relief to consumers, the Government has reduced Customs Duty on Mosur Dal from 30% to 10%. (Basic Customs Duty reduced from 10% to ‘Nil’ and Agriculture Infrastructure Development Cess reduced from 20% to 10%). This will bring down the retail price of Mosur Dal. seeks to amend notification No.50/2017-Customs, dated the 30th June, […]

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