Statutory updates

Tamilnadu Construction Workers Welfare Board Income Tax Exemption

The Central Government notifies the Tamilnadu Construction Workers Welfare Board under section 10 clause (46) of the Income-tax Act, 1961 for specified income.

Framework for FinTech Entity in the International Financial Services Centres (IFSCs)

Notified Countries And Specified Territories Under Section 47

The Central Government notifies specific countries and specified territories for the purposes of sub-clause (ii) of clause (a) of Explanation to clauses (viiac) and (viiad) of…

Rationalization of Actuarial and Compliance Requirements for Insurers

The Insurance Regulatory and Development Authority of India rationalizes certain compliance requirements pertaining to actuarial matters for life insurers, non-life insurers, and…

Guidance framework on Sustainable and Sustainability linked lending by financial institutions

Deferment of SWIFT Operations Instructions for Banking Units

The International Financial Services Centres Authority defers the implementation of instructions for SWIFT operations until further notice.

Corrigendum to Notification No. 37/2022 on Income-tax Rules

The Central Board of Direct Taxes issues a corrigendum to correct the Hindi version of notification number 37/2022.

Income-tax (10th Amendment) Rules, 2022

The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to add a new investment category under rule 17C.

Designation of Special Courts for Andhra Pradesh

The Central Government designates specific courts in the State of Andhra Pradesh as Special Courts.

Designation of Special Courts in Madhya Pradesh for Income Tax and Black Money Acts

The Central Government designates specific courts in the State of Madhya Pradesh as Special Courts for the purposes of the Income-tax Act and the Black Money Act.

eAPY Onboarding through Aadhaar

Protean e-Governance Technologies Central Recordkeeping Agency provides eAPY as a digital onboarding facility for Atal Pension Yojana through Aadhaar eKYC or XML.

Income-tax Ninth Amendment Rules 2022 for Return Filing Conditions

The Central Board of Direct Taxes issues the Income-tax (Ninth Amendment) Rules, 2022 to specify conditions for furnishing a return of income under section 139.

Designation of Special Courts for Rajasthan under Black Money Act

The Central Government designates specific courts as Special Courts in the State of Rajasthan for the purposes of section 84 of the Black Money (Undisclosed Foreign Income and…

Designation of Special Court for Delhi under Income-tax Act and Black Money Act

The Central Government designates the Court of Additional Chief Metropolitan Magistrate (Special Acts), Central, Tis Hazari Courts, Delhi as the Special Court.

Designation of Special Court of Economic Offences at Patna

The Central Government designates the Special Court of Economic Offences at Patna as a Special Court.

Designation of Special Courts for Black Money Act in Tamil Nadu

The Central Government designates specific courts as Special Courts in the State of Tamil Nadu for the purpose of section 84 of the Black Money Act.

Tax Exemption Notification for Gujarat Real Estate Regulatory Authority

The Central Government notifies specified income of the Gujarat Real Estate Regulatory Authority for income tax exemption under section 10 clause 46 of the Income-tax Act, 1961.

SEEPZ Special Economic Zone Authority Income Tax Exemption

The Central Government notifies the SEEPZ Special Economic Zone Authority for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961.