Statutory updates

Transfer of Capital Asset from Air India Limited to Air India Assets Holding Limited

The Central Government notifies the transfer of a capital asset under a central government approved plan from Air India Limited to Air India Assets Holding Limited for the…

Income-tax (28th Amendment) Rules, 2021

The Central Board of Direct Taxes issues the Income-tax (28th Amendment) Rules, 2021 to amend the Income-tax Rules, 1962.

Tax Deduction Exemption on Immovable Property Transfer for Air India Limited

The Central Government specifies that no deduction of tax applies to any payment made to Air India Limited for the transfer of immovable property to Air India Assets Holding…

Exclusion of Air India Assets Holding Limited as Buyer under Section 194Q

Air India Assets Holding Limited shall not be considered as a buyer under section 194Q of the Income-tax Act, 1961.

Air India Limited Exemption as Seller under Section 206C

The Central Board of Direct Taxes specifies that Air India Limited does not qualify as a seller under section 206C sub-section (1H) of the Income-tax Act.

E-Shram Portal Registration for Unorganized Workers

The Ministry of Labour Welfare and Employment organizes registration camps for unorganized workers on the E-shram portal to build a national database.

Account Details for Fee Remittance to IFSCA

The International Financial Services Centres Authority specifies the bank account details for fee remittances in USD and INR.

Foreign Exchange Management Export of Goods and Services Amendment Regulations 2021

The Reserve Bank of India amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.

Product Structure for Cyber Insurance

Title Insurance Products

The Insurance Regulatory and Development Authority of India provides standard website information and contact details.

Corrigendum to Notification No. 102/2021 on Income-Tax

The Central Board of Direct Taxes issues a corrigendum to correct a date in a previous notification.

158/14/2021-GST : Clarification regarding extension of time limit to apply for revocation of cancellation of registration in view of Notification No. 34/2021-Central Tax dated 29th August, 2021

Income-tax (26th Amendment) Rules, 2021

The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to add rule 14C.

Changes in Premature Exit Processing of Atal Pension Yojana

The Pension Fund Regulatory and Development Authority introduces instant bank account verification for premature exit processing under the Atal Pension Yojana to protect…

Exemption of Specified Income for Haryana Real Estate Regulatory Authority, Panchkula

The Central Government notifies the Real Estate Regulatory Authority as a class of Authority under section 10 clause (46) of the Income-tax Act, 1961.

Specified Bank Definition for Section 194P Income-tax Act

The Central Government notifies the meaning of a specified bank under section 194P of the Income-tax Act, 1961.

Income-tax (26th Amendment) Rules, 2021

The Central Board of Direct Taxes issues the Income-tax (26th Amendment) Rules, 2021 to amend the Income-tax Rules, 1962.

Constitution of Boards for Advance Rulings under Section 245-OB

The Central Government constitutes three Boards for Advance Rulings under the Income-tax Act, 1961.