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Section 10(46) Income Tax Exemption for District Legal Service Authority UT Chandigarh

January 5, 2024 612 Views 0 comment Print

Explore Notification No. 6/2024 by the Ministry of Finance (CBDT) granting income tax benefits to District Legal Service Authority UT Chandigarh. Learn about specified income sources and conditions.

RBI KYC Update: Amendment to PEPs Definition in Master Direction

January 4, 2024 1650 Views 0 comment Print

Stay informed on the latest RBI KYC amendment. Explore the revised definition of Politically Exposed Persons (PEPs) and its impact on customer due diligence. Read more.

Corrigendum to Notification for Stichting Pension funds under section 10(23FE)

January 4, 2024 561 Views 0 comment Print

Stay informed on the latest tax changes! Explore the Corrigendum to Notification No.5/2024 by the Ministry of Finance. Analysis and impact covered in this update.

Income Tax Notification on Non-Resident Investment in Financial Products

January 4, 2024 1464 Views 0 comment Print

Explore the latest Income Tax Act amendment (Notification No. 04/2024) allowing non-residents to invest in financial products through International Financial Services Centres. Analysis of key provisions and impact on offshore banking. Learn about capital market intermediaries, financial products, and the International Financial Services Centre Act. Stay informed on tax implications and opportunities for non-resident investors.

Amendment in Import Policy for Screws under HS Code 7318

January 3, 2024 9780 Views 0 comment Print

Explore the latest amendment in the Import Policy for screws under HS Code 7318 by the Government of India’s Ministry of Commerce & Industry. Notification No. 55/2023-DGFT dated 3rd January, 2024.

Maharashtra Govt notified provisions relating to GST on ‘Online Gaming’

January 3, 2024 762 Views 0 comment Print

Explore the implications of Maharashtra Goods and Services Tax (Second Amendment) Act, 2023. Understand the amendments, impact on online gaming, and transitory provisions.

Draft Rules on Gas Meters for comments from stakeholders

January 3, 2024 294 Views 0 comment Print

Draft Rules on Gas Meters have been released for public feedback. Access the document on our Department’s website www.consumeraffairs.nic.in. Your valuable comments are invited until 12.01.2024. Kindly submit your insights to dirwm-ca@nic.in or ashutosh.agarwal13@nic.in.

RBI Issues Master Direction on Commercial Paper & Non-Convertible Debentures 2024

January 3, 2024 3693 Views 0 comment Print

The Reserve Bank of India (RBI) has released the Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024, vide Notification No. FMRD.DIRD.10/14.02.001/2023-24 dated January 03, 2024. This directive follows the comprehensive review of money market directions as outlined in the Statement […]

Exemption from specified income U/s 10(46): Madhya Pradesh Professional Examination Board, Bhopal

January 2, 2024 615 Views 0 comment Print

Explore latest Income Tax Notification No. 3/2024 dated January 2, 2024. Learn about Madhya Pradesh Professional Examination Board’s specified incomes and conditions for exemption.

Exemption from specified income U/s 10(46): Karnataka State Rural Livelihood Promotion Society

January 2, 2024 468 Views 0 comment Print

Explore the latest Income Tax Notification (2/2024) regarding Karnataka State Rural Livelihood Promotion Society. Learn about specified incomes, conditions, and the retrospective effect.

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