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CBDT specifies jurisdictions under rule 114F of Income-tax Rules

November 5, 2018 2304 Views 0 comment Print

In exercise of sub-clause (ii) of clause (D) of Explanation to clause (6) of rule 114F of Income-tax Rules, 1962, CBDT, hereby specifies following jurisdictions for the purposes of the said sub-clause, namely:—

Reg. Export of findings like posts, push backs, locks up to 22 carats

November 5, 2018 501 Views 0 comment Print

Para 4.32(i) and Para 6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats only from domestic tariff area and EOU/ EHTP/STP/BTP Units.

Companies to comply with Trade Receivables Discounting System platform

November 2, 2018 11499 Views 0 comment Print

Central Government instruct companies with a turnover of more than Rs. 500 crore and all Central Public Sector Enterprises to get themselves onboarded on Trade Receivables Discounting System platform

Half Yearly Reporting of payment to MSMEs after 45 days

November 2, 2018 55833 Views 5 comments Print

Central Government hereby directs that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a half yearly return

Companies (Amendment) Ordinance, 2018

November 2, 2018 47799 Views 0 comment Print

Hon’ble President has given his assent to Companies (Amendment) Ordinance, 2018 with effect from 02nd November 2018. Companies (Amendment) Ordinance, 2018 amends 31 Provisions of Companies Act, 2013. Text of Companies (Amendment) Ordinance, 2018 is as follows:-

Justice Pradipkumar Premshankar Bhatt appointed as ITAT president

November 2, 2018 1533 Views 0 comment Print

Central Government is pleased to appoint Mr. Justice Pradipkumar Premshankar Bhatt, Former Judge, High Court of Gujarat, as President, Income Tax Appellate Tribunal, with effect from the forenoon of 24th October, 2018

IBBI part-time member remuneration increased to Rs. 6000 per meeting

November 2, 2018 681 Views 0 comment Print

Ministry Of Corporate Affairs has increased the remuneration of Part time member of Insolvency and Bankruptcy Board of India (IBBI) to Rs. 6000 poer meeting attended from existing Rs. 1000 per attended meeting. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd November, 2018 G.S.R.1083 (E).—In exercise of the powers conferred by clause (zd) of […]

Duty increase on specified imports originating in USA postponed

November 1, 2018 807 Views 0 comment Print

Seeks to further postpone the implementation of increased customs duty on specified imports originating in USA from 2nd November, 2018 to 17th December, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 77/2018-Customs New Delhi, the 1st November, 2018 G.S.R. 1080(E).- In exercise of the powers conferred by sub-section (1) of section […]

PMLA, 2002 Adjudicating Authority to discharge Benami Property law cases also

November 1, 2018 1185 Views 0 comment Print

S.O. 5608(E).—In exercise of powers conferred by section 71 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) (hereafter referred to as the said Act) and in suppression of notification number S.O. 3288(E) dated the 25th October, 2016, except as respects things done or omitted to be done before such suppression, the Central Government hereby notifies that

CBDT notifies Indian commodity Exchange U/s. 43(5)(e)(iii)

October 31, 2018 990 Views 0 comment Print

Central Government hereby notifies Indian commodity Exchange Limited as a ‘recognised association’ for the purpose section 43(5)(e)(iii) with effect from 01.11.2018 subject to fulfillment of  conditions specified in Notification No. 76/2018 dated 31st of October, 2018. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st of October, […]

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