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Centralised Verification Scheme for issuance of Income Tax notice

January 30, 2019 2139 Views 0 comment Print

CBDT notifies Centralised Verification Scheme, 2019 for for centralised issuance of notice and for processing of information or documents and making available the outcome of the processing to the Assessing Officer vide Notification No. 05/2019 Dated 30th January, 2019.

CBDT redefines Prescribed income-tax authority U/s. 133C

January 30, 2019 2826 Views 0 comment Print

Prescribed income-tax authority under section 133C. 12D. The prescribed income-tax authority under section 133C shall be an income-tax authority not below the rank of Assistant Commissioner of Income-tax who has been authorised by the Central Board of Direct Taxes to act as such authority for the purposes of that section.

Custom duty on Electric Vehicle & its specified part & raw material for manufacture of Lithium ion cells

January 29, 2019 6999 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 to prescribe effective BCD rate on Electric Vehicle (EV) and their specified part and raw material for manufacture of Lithium ion cells vide Notification No. 03/2019-Customs dated 29th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2019-Customs New Delhi, the […]

BCD rate on power bank parts of Lithium ion & Battery pack of mobile

January 29, 2019 6960 Views 0 comment Print

Seeks to further amend notification No. 57/2017-Customs dated 30th June, 2017 to prescribe effective BCD rate on parts of power bank of Lithium ion and Battery pack of cellular mobile phones  vide Notification No. 02/2019 – Customs dated 29th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 02/2019 – Customs New […]

CBDT rescinds Notification No. 15/2008 Dated 1/2/2008 wef 01.04.2011

January 25, 2019 2013 Views 0 comment Print

Central Government hereby rescinds the notification of the Government of India, Ministry of Finance, Department of Revenue number 15/2008 dated 01.02.2008 published in the Gazette of India, Part II, Section 3, Sub-Section (ii) dated of 02.02.2008 vide S.O. 200 with effect from 01.04.2011 and it shall be deemed from 01.04.2011 that the said notification had not been issued for any tax benefit under the Income-tax Act, 1961 or any other law for the time being in force.

IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019

January 24, 2019 3030 Views 0 comment Print

The amendment mandates that the request for resolution plans shall require the resolution applicant, in case its resolution plan is approved by the committee of creditors, to provide a performance security. Performance security means security of such nature, value, duration and source, as may be approved by the committee of creditors, having regard to the nature of resolution plan and business of the corporate debtor.

Companies (Acceptance of Deposits) Amendment Rules, 2019

January 22, 2019 121626 Views 0 comment Print

It is hereby clarified that Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company.

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019

January 22, 2019 8856 Views 0 comment Print

Companies (Prospectus and Allotment of Securities) Rules, 2014 shall not apply to an unlisted public company which is:— (a) a Nidhi; (b) a Government company or (c) a wholly owned subsidiary.

Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019

January 22, 2019 124380 Views 17 comments Print

Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification.

IRDAI (Insurance Brokers) (First Amendment) Regulations, 2018

January 21, 2019 1980 Views 0 comment Print

These Regulations may be called the Insurance Regulatory and Development Authority of India (Insurance Brokers) (First Amendment) Regulations, 2018.

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