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CBDT notifies court of States of Assam, Nagaland, Mizoram & Arunachal Pradesh for Black Money Act

May 11, 2021 870 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the Gauhati High Court, hereby designates the Court of Munsiff No. 3-cum-Judicial Magistrate, First Class, Kamrup (M), Guwahati as the Special Court for the States of Assam, Nagaland, Mizoram and Arunachal Pradesh for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and […]

DGFT amends import policy of Integrated Circuits

May 10, 2021 7827 Views 1 comment Print

Amendment in import policy of Integrated Circuits (lCs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of ITC (HS), 2017, Schedule – I (Import Policy). Import policy of item listed above shall be subject to Chip Imports Monitoring System (CHIMS) with effect from 01.08.2021. Government of […]

CBDT issues corrigendum to notification related to Cash payment to hospital

May 10, 2021 2007 Views 0 comment Print

CBDT issues Corrigendum to Notification No. 56/2021-Income Tax Dated: 7th May, 2021 and  stated that word ‘payee ‘to be read as payer. Notification No. 59/2021-Income Tax Dated: 10th May, 2021  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 10th May, 2021 NOTIFICATION NO. 59/2021 (INCOME-TAX) S.O. 1839(E).—In the […]

Notification No. 58/2021-Income Tax, Dated: 10.05.2021

May 10, 2021 1650 Views 0 comment Print

CBDT amends Notification No. 35/2021-Income Tax dated the 22nd April, 2021 and stated that the word ‘Canada Pension Plan Investment Board Private Holdings (4) Inc.’ should be read as ‘CPP Investment Board Private Holdings (4) Inc.’  Notification No. 58/2021-Income Tax Dated: 10th May, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]

Notification No. 57/2021-Income Tax, Dated: 10.05.2021

May 10, 2021 1008 Views 0 comment Print

CBDT amends Notification No. 54/2021-Income Tax dated the 5th May, 2021 and stated that the word ‘Stretford Investment Pte. Ltd.’ should be read as ‘Stretford End Investment Pte. Ltd.’  Notification No. 57/2021-Income Tax Dated: 10th May, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No. 57/2021-Income Tax New Delhi, […]

Last date for import of 1.5 Lakh MT of Urad extended till 15.05.2021

May 7, 2021 717 Views 0 comment Print

Ministry Of Commerce And Industry notifies that The last date for import of 1.5 Lakh MT of Urad, is extended from 30th April, 2021 to 15th May, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 7th May, 2021 S.O. 1796(E).—In exercise of powers conferred by section 3 read with section […]

ADD investigation on imports of ‘Plain Medium Density Fibre Board’

May 7, 2021 660 Views 0 comment Print

Case No. ADD-OI-08/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness 6mm and above’ produced by M/s. Kim Tin MDF Joint Stock Company, Vietnam.

Section 269ST relaxation on cash payment to hospitals

May 7, 2021 36282 Views 1 comment Print

Hospitals / medical facilities providing #COVID19 treatment to patients can now receive cash payments even higher than ₹ 2 lakh. Limit in section 269ST of IT Act relaxed, from 01.04.2021 to 31.05.2021. PAN – AADHAAR needed.

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

May 6, 2021 948 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) New Delhi, dated the 6thMay, 2021 16 […]

CBDT amends Income Tax Notification No. 16/2015 dated 16.02.2015

May 6, 2021 1518 Views 0 comment Print

CBDT amends vide Notification No. 16/2015 dated 16.02.2015 which  CBDT notified ‘ Godrej Agrovet Limited – Agricultural Inputs Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 49/2021 -Income Tax Dated: 6th May 2021. […]

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