Statutory updates

Arm's Length Price Tolerance Range for Assessment Year 2023-2024

The Central Government notifies the tolerance range for price variations under the Income-tax Act, 1961 for assessment year 2023-2024.

46/2023-Customs (NT) : Exchange Rate Notification No.46/2023-Cus (NT) dated 23.06.2023-REG.

Co-Location Facility Standards for IFSC Stock Exchanges

Stock exchanges in the International Financial Services Centre must provide fair, transparent, and equitable co-location facilities to eligible market participants and data…

Approval of University of Patanjali for Social Science Research

The Central Government approves M/s Patanjali Yog Peeth Nyas, Delhi for its university unit University of Patanjali, Haridwar under the category of University, College or Other…

Framework for Ship Leasing

This regulatory framework specifies the eligibility, registration, capital, and operational rules for entities undertaking ship leasing in International Financial Services Centres.

Income-tax Eleventh Amendment Rules, 2023

The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to update provisions and forms related to trust registrations, exemptions, and deductions.

Protection of Interests of Employees Through Outsourcing Agencies

The Government details statutory and contractual rules for the protection of employees engaged through outsourcing agencies.

Direct Market Access and Sponsored Access Facility Rules

The authority permits broker-dealers to offer Direct Market Access and Sponsored Access facilities to eligible clients for trading on stock exchanges in the International…

Income-tax (Tenth Amendment) Rules, 2023

The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to introduce rules for taxation under section 115BAC.

Default Record for Insolvency Applications Under Sections 7 or 9

Creditors attach the record of default issued by the information utility to every application to start the corporate insolvency resolution process under sections 7 or 9 of the…

Use and File Procedure for Life Insurance Products

The Insurance Regulatory and Development Authority of India (IRDAI) has expanded the scope of the 'Use and File' procedure for life insurance products to facilitate industry…

14/2023-Central Tax : Seeks to extend the due date for furnishing FORM GSTR-1 for April and May, 2023 for registered persons whose principal place of business is in the State of Manipur

15/2023-Central Tax : Seeks to extend the due date for furnishing FORM GSTR-3B for April and May, 2023 for registered persons whose principal place of business is in the State of Manipur.

16/2023-Central Tax : Seeks to extend the due date for furnishing FORM GSTR-7 for April and May, 2023 for registered persons whose principal place of business is in the State of Manipur.

Insurance Claims Relating to Cyclone Biparjoy

The Insurance Regulatory and Development Authority of India (IRDAI) has directed all general and standalone health insurance companies to mobilize resources for immediate service…

Simplified Framework for E-Commerce Jewellery Exports via Courier

The Central Board of Indirect Taxes and Customs provides a simplified procedure for e-commerce exports of jewellery through courier mode.

Courier Imports and Exports Second Amendment Regulations 2023

The Central Board of Indirect Taxes and Customs issues the Courier Imports and Exports (Electronic Declaration and Processing) (Second Amendment) Regulations, 2023.

44/2023-Customs (NT) : Exchange Rate Notification No.44/2023-Cus (NT) dated 15.06.2023-REG.