Read the RBI circular dated June 23, 2023, regarding the status of MIFOR as a significant benchmark. The circular highlights the cessation of MIFOR publication after June 30, 2023, and provides the updated list of significant benchmarks administered by FBIL.
DGFT Notification No. 14/2023, has introduced amendments to Category 5B of Appendix 3 (SCOMET Items) to Schedule 2 of the ITCHS classification. The amendments simplify and liberalize the SCOMET policy for the export of drones and unmanned aerial vehicles (UAVs). The notification provides details on the revised categories, including exemptions and conditions for General Authorization for Export of Drones (GAED). Read more for a comprehensive analysis of the amendments and their impact.
The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompass multiple provisions and rules within the Income-tax Act, 1961. The notification details changes to rule 2C, rule 11AA and rule 17A of Income-tax Rules, 1962, under different sections such as section 10, section 12A, section 80G, and more. Notification […]
Ministry of Finance, Department of Revenue, has issued Notification No. 44/2023, approving ‘University of Patanjali’ for conducting research in Social Science or Statistical Research under section 35 of the Income Tax Act.
ead the latest notification from the Bar Council of India regarding the rules and code of conduct for the elections of State Bar Council and Bar Council of India. Learn about the qualifications, disqualifications, and procedures involved in the elections. Stay informed and ensure fair and transparent elections.
RBI has issued a circular allowing remittances to International Financial Services Centres (IFSCs) for the purpose of ‘studies abroad’ under the Liberalised Remittance Scheme (LRS). This move expands the scope of permissible transactions in IFSCs and benefits resident individuals pursuing courses mentioned in the gazette notification.
DGFT Notification No. 13/2023-DGFT amends export policy of items under HS Code 2610, specifically related to Chrome Ore. Understand the revised export policy and policy conditions for different categories.
Read the notification issued by the Ministry of Consumer Affairs, Food and Public Distribution regarding amendment to Consumer Protection (Direct Selling) Rules, 2021. The amendment introduces changes in rule 3, including the definition of a network of sellers in direct selling activities.
Read Notification No. 03/2023-State Tax dated 21st June, 2023 outlines the special procedure for revoking cancellation of registration under Delhi Goods and Services Tax Act, 2017.
CBDT introduces Form 10IEA for FY 23-24, allowing taxpayers to opt in or out of new tax regime via Notification No. 43/2023-Income Tax Dated: 21st June, 2023
