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Notifications

CBDT exempts income of Prayagraj Mela Pradhikaran u/s 10(46)

March 14, 2019 804 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Prayagraj Mela Pradhikaran, Prayagraj’, an authority constituted by the State Government of Uttar Pradesh, in respect of the following specified income arising to that authority, namely:—

CBIC creates National Bench of GST Appellate Tribunal (GSTAT)

March 13, 2019 2967 Views 0 comment Print

GST Council, hereby notifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect from the date of publication of this notification in the Gazette of India (Extraordinary).

RBI- Trade Credit Policy – Revised framework

March 13, 2019 1653 Views 0 comment Print

Trade Credits can be raised under the automatic route up to the amount specified in the Annexto this circular and in compliance with the other applicable norms. The designated AD Category I bank while considering the Trade Credit proposal is expected to ensure compliance with applicable Trade Credit guidelines by their constituents. Any contravention of the applicable provisions will invite penal action or adjudication under the Foreign Exchange Management Act, 1999.

Narcotic Drugs and Psychotropic Substances (Amendment) Rules, 2019

March 13, 2019 10905 Views 0 comment Print

Government hereby makes the following rules further to amend the Narcotic Drugs and Psychotropic Substances Rules, 1985, namely: ‑(1) These rules may be called the Narcotic Drugs and Psychotropic Substances (Amendment) Rules, 2019.

CIT (e-Verification) shall be subordinate to Principal DGIT (Systems)

March 13, 2019 912 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 21/2019 New Delhi, the 13th March, 2019 (INCOME-TAX) S.O. 1362(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Commissioner of Income-tax (e-Verification) shall be […]

CBDT delegates further powers to PDGIT (Systems), Delhi

March 13, 2019 3822 Views 0 comment Print

Central Board of Direct Taxes hereby directs that the Principal Director General of Income-tax (Systems), Delhi, shall exercise the powers and perform the functions in respect of such territorial area or such persons or class of persons or such incomes or class of incomes or such cases or class of cases, in respect of which the Commissioner of Income-tax (e-Verification) has jurisdiction vested in him.

CBDT designates CIT for centralised issuance of notice etc.

March 13, 2019 885 Views 0 comment Print

CIT to exercise concurrent powers in addition to any other authority under the Income-tax Act–(i) for the purpose of centralised issuance of notice and for collection and processing of information or documents and making available the outcome of the collection and processing under sub-sections (1) and (2) of section 133C of the Income-tax Act, 1961;

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

March 13, 2019 396 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 474 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 21339 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.

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