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7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020

July 13, 2020 4761 Views 0 comment Print

It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st July, 2020 to 30th September, 2020. This rate will be in force w.e.f. 1st July, 2020. The funds concerned are:

3 Months Extension for Re import of Cut and Polished Diamonds

July 10, 2020 900 Views 0 comment Print

Seeks to amend notification No. 09/2012-Customs dated 09.03.2012, providing for extension of last date of re-import by three months, for those cases where the last date of such re-import falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic. In view of COVID-19 pandemic situation, the Government today extended relief to gems and […]

Import of cut flowers allowed through Chennai airport only

July 9, 2020 1401 Views 0 comment Print

Notification No. 17/2015-2020- Import Policy of cut flowers under HS code 0603 continues to remain ‘Free’. However import will be allowed through Chennai airport only. Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Notification No. 17/2015-2020 New Delhi Dated 9th July, 2020 Subject: Amendment in import […]

MVAT (Second Amendment) Rules, 2020

July 8, 2020 6672 Views 2 comments Print

Dealer whose tax liability in the financial year 2019-20 is not more than rupees one lakh, such dealer shall file monthly return for the month of March 2020, on or before the 21st July 2020.

Govt. appoints new Chairman and members of IEPF

July 8, 2020 2559 Views 0 comment Print

Central Government hereby appoints the Shri Rajesh Verma as Chairperson and Shri Anil K. Sharma, Shri P. S. Narasimha,  Shri Rakesh Jain and Shri Gopal V. Kumar as Members to the Investor Education and Protection Fund Authority with effect from the date of publication of this notification. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 8 […]

National Pension Scheme Tier II-Tax Saver Scheme 2020

July 7, 2020 6981 Views 0 comment Print

CBDT notified vide Notification No. 45/2020-Income Tax dated 07th July, 2020 that Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS. Benefit is notified under Section 80C (2) (xxv) Income-tax Act, 1961 (43 of 1961) raad with  National Pension Scheme (NPS) Tier II-Tax Saver Scheme, […]

Draft Code on Wages (Central) Rules, 2020

July 7, 2020 20397 Views 5 comments Print

(1) These rules may be called the Code on Wages (Central) Rules, 2020. (2)They extend to the whole of India. (3) They shall come into force after the date of their final publication in the Official Gazette, on the date of the commencement of the Code on Wages, 2019 (29 of 2019).

Bicycles- Retro Reflective Devices (Quality Control) Order, 2020

July 7, 2020 1770 Views 0 comment Print

(1) This Order may be called the Bicycles- Retro Reflective Devices (Quality Control) Order, 2020. (2) This order shall come into force with effect from 01.01. 2021.

Govt appoints Shri Injeti Srinivas as Chairman of IFSCA

July 7, 2020 1053 Views 0 comment Print

Central Government hereby appoints Shri Injeti Srinivas, IAS (Retd.) (OR: 1983) as the Chairman of International Financial Services Centres Authority (IFSCA) for a period of three years from the date of assuming charge of the post or until further orders, whichever is earlier.

Infrastructure sub-sectors business – section 10(23FE) exemption

July 6, 2020 5640 Views 0 comment Print

CBDT specifies business, for the purposes of section 10(23FE)(iii)(b), to be the business which is engaged in the infrastructure sub-sectors mentioned in Updated Harmonised Master List of Infrastructure Sub-sectors vide Notification No. 44/2020- Income Tax dated 6th July, 2020. Section 10 (23FE) provides for exemption to specified income of certain entities including notified SWF & […]

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