Statutory updates

Combination Involving Valkyrie, Anahera, and Data Infrastructure Trust

Valkyrie Investment Pte. Ltd. and Anahera Investment Pte.

Acquisition of Signet Excipients by IMCD India

The Competition Commission of India approves the acquisition of the remaining thirty percent equity share capital of Signet Excipients Private Limited by IMCD India Private…

Compliance with MoRTH Notifications under the Motor Vehicles (Amendment) Act, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) has directed all general insurers engaged in motor insurance business to strictly comply with three specific…

Cross Border Payments Processing Timelines Advisory

The International Financial Services Centres Authority advises Banking Units to improve processing timelines for cross border payments.

Information and Cyber Security Policy Guidelines for Intermediaries and Regulated Entities

The Pension Fund Regulatory and Development Authority (PFRDA) has issued comprehensive Information and Cyber Security Policy Guidelines for 2024 to strengthen the IT…

Income Tax Exemption for Chennai Metropolitan Water Supply and Sewerage Board

The Central Government notifies specified income of Chennai Metropolitan Water Supply and Sewerage Board for tax exemption under section 10 of the Income-tax Act, 1961.

Exemption for Punjab State Faculty of Ayurvedic and Unani Systems

The Central Government notifies the Punjab State Faculty of Ayurvedic and Unani Systems of Medicine for clause 46 of section 10 of the Income-tax Act, 1961.

01/2024-Central Tax : Extension of due date for filing of return in FORM GSTR-3B for the month of November, 2023 for the persons registered in certain districts of Tamil Nadu.

02/2024-Central Tax : Extension of due date for filing FORM GSTR-9 and FORM GSTR-9C for the Financial Year 2022-23 for the persons registered in certain districts of Tamil Nadu.

03/2024-Central Tax : Seeks to rescind Notification No. 30/2023-CT dated 31 st July, 2023

04/2024-Central Tax : Seeks to notify special procedure to be followed by a registered person engaged in manufacturing of certain goods.

Corrigendum to Integrated Tax Rate Notification 01/2024

The Ministry of Finance corrects errors in notification number 01/2024-Integrated Tax (Rate) dated 3 January 2024.

Corrigendum : Corrigendum to notification no 01/2024-Integrated Tax(Rate) dated 03.1.2024

Inclusion of Finance Company and Finance Unit as Credit Institution

The International Financial Services Centres Authority specifies Finance Companies and Finance Units that undertake lending activities in the International Financial Services…

Investments in Infrastructure Debt Funds-NBFC

The Insurance Regulatory and Development Authority of India (IRDAI) has removed the requirement for insurers to obtain case-by-case approval for investments in Infrastructure Debt…

Income Tax Exemption for District Legal Service Authority Chandigarh

The Central Government notifies the District Legal Service Authority Union Territory Chandigarh for income tax exemption under section 10 clause 46 of the Income-tax Act 1961.

Income Tax Exemption Notification for Karmayogi Bharat

The Central Government notifies Karmayogi Bharat for specified income under clause (46) of section 10 of the Income-tax Act, 1961.

Exemption of Specified Income for Haryana State Board of Technical Education

The Central Government notifies specified income of the Haryana State Board of Technical Education for exemption under clause (46) of section 10 of the Income-tax Act, 1961.