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Govt notifies law on Prohibition of Electronic Cigarettes

September 18, 2019 747 Views 0 comment Print

Govt notifies Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019 on 18th September, 2019. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 18th September, 2019 THE PROHIBITION OF ELECTRONIC CIGARETTES (PRODUCTION, MANUFACTURE, IMPORT, EXPORT, TRANSPORT, SALE, DISTRIBUTION, STORAGE AND ADVERTISEMENT) ORDINANCE, 2019 No 14 OF […]

CBDT notifies Rules & Forms related to Reference to Approving Panel

September 17, 2019 9546 Views 0 comment Print

CBDT inserts Rule 10UD – related to Reference to the Approving Panel, 10UE – Procedure before the Approving Panel, Rule 10UF-. Remuneration for For attending the meeting of an Approving Panel and  Form No 3CEIA under rule 10UD for making reference to the Approving Panel under sub-section (4) of section 144BA of the Income-tax Act, […]

Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2019

September 17, 2019 2679 Views 0 comment Print

Govt notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2019 on 17th September, 2019. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 17th September, 2019 S.O. 3350(E).—In exercise of the powers conferred by section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Central […]

SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019

September 17, 2019 10575 Views 0 comment Print

SEBI notifies Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 on 17th September, 2019 and they shall come into force on the 100thday from the date of their publication in the Official Gazette. SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th September, 2019 SECURITIES AND EXCHANGE BOARD […]

Customs duty reduction on Open cell (15.6” & above) for use in Manufacture of LCD/LED TV

September 17, 2019 2091 Views 0 comment Print

Notification No. 30/2019-Customs- Seeks to amend notification No. 50/2017-Customs dated 30.06.2017 to reduce basic customs duty on Open cell (15.6 inch and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels and certain goods for use in the manufacture of Open cell of Liquid Crystal Display […]

CBDT omits Proviso to Sub-Rule (5) of Rule 2F of Income-tax Rules

September 16, 2019 2340 Views 0 comment Print

Rule 2F of Income-tax Rules, 1962 provides Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. In this Rule Proviso to sub-rule (5) is been omitted by CBDT vide Notification No. 66/2019 dated 16th September, 2019 with effect from 16.09.2019. Text of the sub-rule (5) […]

Bharat Bill Payment System – Expansion of biller categories

September 16, 2019 843 Views 0 comment Print

It has been decided to expand the scope and coverage of BBPS to include all categories of billers who raise recurring bills (except prepaid recharges) as eligible participants, on a voluntary basis.

For FCRA Registration Each member to submit affidavit- Rules Relaxed

September 16, 2019 19989 Views 6 comments Print

Foreign Contribution (Regulation) (Second Amendment) Rules, 2019 –  Increased the value of articles gifted for personal use from Rs 25000 to Rs 1 lakh in a financial year by amending rule 6A. Under Rule 7 – In case of emergency medical aid during a visit abroad, the acceptance of foreign hospitality has to be intimated […]

DGFT imposes MEP of US$ 850 per metric tonne on export of onions

September 13, 2019 621 Views 0 comment Print

Export of all varieties of onions, as described above, will be allowed only on Letter of Credit (LC) subject to a Minimum Export Price (MEP) of US$ 850 F.O.B per Metric Ton till further orders.

ACIT (e-Verification), Delhi designated as authority U/s. 143(2) R.W. Rule 12E

September 13, 2019 4860 Views 0 comment Print

CBDT notifies Assistant Commissioner of Income-tax (e-Verification), Delhi, to act as prescribed Income-tax Authority for the purpose of Section 143(2) of Income Tax Act, 1961  read with rule 12E of the Income-tax Rules, 1962 vide Notification No. 65/2019- Income Tax dated 13th September, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]

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