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ADD Investigation on imports of Plain Medium Density Fibre Board

May 11, 2020 1119 Views 0 comment Print

Initiation of Anti-dumping investigation concerning imports of Plain Medium Density Fibre Board having thickness 6 mm and above produced by M/s Kim Tin MDF Joint Stock Company, Vietnam.

Role of Resolution Professional / Liquidator in respect of Avoidance Transactions

May 8, 2020 2166 Views 0 comment Print

Sections 25 and 35 of the Insolvency and Bankruptcy Code, 2016 (Code) enumerate the duties of a Resolution Professional (RP) and a Liquidator, respectively. These duties include certain actions in respect of avoidance transactions (preferential transactions, undervalued transactions, extortionate transactions, and fraudulent trading).

CBDT notifies Shri Ram Janmabhoomi Teerth Kshetra U/s. 80G(2)(b)

May 8, 2020 26604 Views 2 comments Print

CBDT notifies SHRI RAM JANMABHOOMI TEERTH KSHETRA to be place of historic importance and a place of public worship of renown for the purposes of section 80G(2)(b) from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022.

SEBI (Payment of Fees) (Amendment) Regulations, 2020

May 8, 2020 2631 Views 0 comment Print

Every stock broker in cash segment, equity derivatives segment, currency derivatives segment, interest rate derivatives segment and commodity derivatives segment (other than agri commodity derivative) liable to pay fees as a percentage of their turnover as specified at sub-clause 1 shall, for the period June 01, 2020 to March 31, 2021, pay only 50% (fifty percent) of fees as calculated therein, including for off-market transactions undertaken by them

Amendment in Export Policy of Sanitizers

May 6, 2020 1917 Views 0 comment Print

The Notification No. 53 dated 24.03.2020 is amended to the extent that only Alcohol based Hand Sanitizers falling under any ITCHS Code including the HS Codes mentioned above, are prohibited for export. All other items falling under the above HS Codes are freely exportable.

Procedure for Amendment of Mutual Agreement Procedure notified

May 6, 2020 6771 Views 0 comment Print

​Amendment of Mutual Agreement Procedure (MAP) procedure laid down in the Income-tax Rules, 1962 CBDT amends Rule 44G and Form 34F- Application to give effect to DTAA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 23/20020-Income Tax New Delhi, the 6th May, 2020 G.S.R. 282(E).—In exercise of the powers conferred […]

Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

May 5, 2020 4749 Views 0 comment Print

Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and the end of the month shall be eligible for interest.

National Savings Time Deposit (Amendment) Scheme, 2020- Interest Rate Notified

May 5, 2020 1584 Views 0 comment Print

National Savings Time Deposit (Amendment) Scheme, 2020- The rate of interest as specified in the table below shall be applicable to the deposits made on or after the 1st day of April, 2020 under the Scheme

Sukanya Samriddhi Account (Amendment) Scheme, 2020- Interest Rate Notified

May 5, 2020 2052 Views 0 comment Print

Sukanya Samriddhi Account (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum. The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 per cent. per annum.

Senior Citizens’ Savings (Amendment) Scheme, 2020 – Interest Rate Notified

May 5, 2020 4503 Views 0 comment Print

Senior Citizens’ Savings (Amendment) Scheme, 2020- The deposit made under this Scheme between 12th December, 2019 to 31st March, 2020 (both days inclusive) shall bear interest at the rate of 8.6 per cent per annum. The deposit made under this Scheme on or after the 1st day of April, 2020 shall bear interest at the rate of 7.4 per cent. per annum.

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