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Initiation of Safeguard Investigation concerning imports of Single Mode Optical Fibre into India

September 23, 2019 717 Views 0 comment Print

Product under Consideration: The product concerned is Single-mode Optical Fibre which refers to the Optical Fibre used to facilitate transmission of a single spatial mode of light as a carrier and is used for signal transmissions within certain bands.

Taxation Laws (Amendment) Ordinance, 2019

September 20, 2019 40689 Views 1 comment Print

Taxation Laws (Amendment) Ordinance, 2019 amends Section 92BA, section 115BA Section 115JB, Section 115QA and Finance (No.2) Act, 2019. It also inserts section 115BAA – Tax on income of certain domestic companies and 115BAB- Tax on income of certain new domestic manufacturing companies.

Registration of Property under projects which requires registration with MahaRERA

September 20, 2019 4290 Views 0 comment Print

No Registration of Property under projects which requires registration with MahaRERA till registration of project As per the Govt of Maharashtra notification dated 20th Sept, 2019, agreement for sale of any apartments will be done only if the project is registered or exempted from registration. In other words, the Agreement in respect of unregistered projects […]

CBDT amends Jurisdiction of Principal CITs and CITs

September 20, 2019 3777 Views 0 comment Print

Seeks to amend Notification No. 50/2014-Income Tax dated the 22nd October, 2014 – Jurisdiction of Income-tax authorities (Principal Commissioner of Income-tax/ Commissioner of Income-tax) vide Notification No. 71/2019 dated 20th September, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 71/2019 New Delhi, the 20th September, 2019 (Income-tax) S.O. 3426(E).—In […]

No TDS on cash withdrawal u/s 194N for making payment to farmers

September 20, 2019 56502 Views 1 comment Print

Exemption from TDS on cash withdrawal under section 194N for making payment to farmers – Central Government specifies the commission agent or trader, operating under Agriculture Produce Market Committee (APMC)– Notification No. 70/2019-Income Tax Dated 20th September, 2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 70/2019-Income Tax New Delhi, […]

CBDT notifies Additional depreciation on Motor car & motor vehicles

September 20, 2019 137205 Views 19 comments Print

Income-tax (9th Amendment) Rules, 2019 – Additional depreciation on motor cars and motor vehicles shall be allowed in certain conditions- Notification No. 69/2019-Income Tax Dated 20th September, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 69/2019-Income Tax New Delhi, the 20th September, 2019 (Income-tax) G.S.R. 679 (E).—In exercise of […]

Increase in Sanctioned Limit for classification of export credit under PSL

September 20, 2019 1074 Views 0 comment Print

It has been decided to i. Enhance the sanctioned limit, for classification of export credit under PSL, from ₹ 250 million per borrower to ₹ 400 million per borrower. ii. Remove the existing criteria of ‘units having turnover of up to ₹ 1 billion’

Govt appoints 28 new Judicial and Technical Members in NCLT

September 20, 2019 3096 Views 0 comment Print

Central Government appoints 28  persons as Judicial and Technical Members in the National Company Law Tribunal for a period of three years or till the attaining the age of sixty-five years, whichever is earlier. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2019 S.O. 3412(E).—In exercise of the powers conferred by section 408 of […]

SEBI (Buy-Back of Securities) (Second Amendment) Regulations, 2019

September 19, 2019 2499 Views 0 comment Print

Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2019 shall come into force on the thirtieth date day from date of their publication in the Official Gazette.

Reg. Anti-Dumping Duty imposed on imports of Jute Products – Final Findings

September 19, 2019 1665 Views 0 comment Print

New Shipper Review under Rule 22 of Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 pertaining to Anti-Dumping Duty imposed on the imports of Jute Products viz – Jute Yarn/Twine (multiple folded/cabled and single), Hessian Fabric and Jute Yarn originating in or exported from Bangladesh, as requested by M/s Roman Jute Mills Ltd. (Producer/Exporter) and M/s SMP International LLC (Exporter/Trader), USA initiated on 27.03.2018.

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