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CBDT notifies ‘Canada Pension Plan Investment Board’ U/s. 10(23FE)

April 22, 2021 1053 Views 0 comment Print

Central Government hereby specifies ‘Canada Pension Plan Investment Board’, as the specified person for the purposes of sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of the eligible investment made by it in India on or after 22nd April 2021 but […]

Indian Medicine Council (Amendment) Ordinance, 2021

April 22, 2021 795 Views 0 comment Print

Indian Medicine Council (Amendment) Ordinance, 2021. In section 3A of the Indian Medicine Central Council Act, 1970, in sub-section (2), for the words ‘within a period of one year’, the words ‘within a period of two years’ shall be substituted.

Customs duty on import of Remdesivir waived off

April 20, 2021 8313 Views 0 comment Print

CBIC exempt customs duty on import of Remdesivir injection, Remdesivir API and Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir, up to 31st October, 2021 vide Notification No. 27/2021–Customs Dated 20th April, 2021. Government has waived the Custom Duty Considering the immediate requirement on the recommendation of the Department of Pharmaceuticals, the Department of […]

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income

April 20, 2021 112563 Views 0 comment Print

The reporting entities are advised to provide information of interest income, reported to Income Tax Department, to the account holder (in the form of Interest Certificate either through email or portal) which will enable taxpayers to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Format, Procedure and Guidelines for submission of Statement of Financial Transactions  (SFT) for Dividend income

April 20, 2021 123858 Views 5 comments Print

The reporting entities are advised to provide information of dividend income, reported to Income Tax Department, to the taxpayers which will enable them to reconcile the information displayed in the Annual Information Statement (AIS) (Form 26AS).

Formation of new district in Tamil Nadu –Assignment of Lead Bank Responsibility

April 20, 2021 738 Views 0 comment Print

he Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank responsibility of the new district as under:

Anti-dumping investigation on imports of ‘Plain Medium Density Fibre Board

April 20, 2021 2481 Views 0 comment Print

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness less than 6mm’ originating in or exported from Vietnam, Malaysia, Thailand and Indonesia.

IRDAI (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021

April 20, 2021 984 Views 0 comment Print

These regulations may be called the Insurance Regulatory and Development Authority of India (Manner of Assessment of Compensation to Shareholders or Members on Amalgamation) Regulations, 2021.

CBDT notifies ‘Norfund, Govt of Norway’ as sovereign wealth fund | Section 10(23FE)

April 19, 2021 1581 Views 0 comment Print

CBDT specifies the sovereign wealth fund, namely, the Norfund, Government of Norway, as the specified person for the purposes of the said clause in respect of the investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024

Initiation of Sunset Review investigation on imports of ‘Axle for Trailers’ from China

April 19, 2021 597 Views 0 comment Print

Case No. AD (SSR) – 7/2021 Initiation of Sunset Review investigation concerning imports of ‘Axle for Trailers’ from China PR. The Applicant has alleged continued dumping & injury and likelihood of dumping and injury in case of expiry of existing anti-dumping duties and have requested for initiation of sunset review and continuation of the anti-dumping duty (ADD) imposed on the imports of the subject goods originating in or exported from the subject.

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