Statutory updates

Nodal Officers for State Police Agencies under Section 138

The Central Government specifies Nodal Officers for six State Police Agencies for sharing information through the National Intelligence Grid platform under the Income-tax Act…

Social Security Relief for COVID-19 Deceased Workers

The Ministry of Labour and Employment provides additional social security benefits through ESIC and EPFO schemes to dependents of workers who die due to COVID-19.

Insurance Claims Guidelines for Cyclone Tauktae and Cyclone Yaas

The Insurance Regulatory and Development Authority of India directs general insurers and health insurers to ensure immediate registration and settlement of insurance claims for…

43rd GST Council Meeting

Guidelines on Settlement of Life Insurance Claims to Cyclone Victims

Life insurers must take immediate action to facilitate quick and timely settlement of life insurance claims for victims of Cyclones Tauktae and Yaas in affected states including…

Exposure Ceiling Framework for Finance Companies and Finance Units

Finance Companies and Finance Units in the International Financial Services Centre must limit total exposures to a single counterparty or a group of connected counterparties to…

Fee Structure for IFSC Insurance Intermediary Offices

The International Financial Services Centres Authority specifies the fee structure for IFSC Insurance Intermediary Offices.

Fee Structure for IFSC Insurance Offices

The International Financial Services Centres Authority specifies the fee structure for IFSC Insurance offices.

Foreign Exchange Management Borrowing and Lending Amendment Regulations 2021

The Reserve Bank of India makes the Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2021.

Procedure for Exercise of Option Under Section 245M(1) and Form 34BB Upload

Assessees who wish to withdraw a pending application filed under section 245C must follow a two-step procedure to furnish and upload Form No. 34BB.

Income Tax 16th Amendment Rules 2021 on Slump Sale Fair Market Value

The Central Board of Direct Taxes issues the Income-tax (16th Amendment) Rules, 2021.

Withdrawal of Guidelines for Issuance of Certificates of Deposit

The International Financial Services Centres Authority withdraws the instructions for the issuance of Certificates of Deposit.

Rate of Minimum Wages Revised for Central Sphere Employees

The Ministry of Labour & Employment notifies the revision of the rate of Variable Dearness Allowance for workers in scheduled employments in the central sphere.

All-India Consumer Price Index Numbers for Agricultural and Rural Labourers - April, 2021

EPFO Net Subscriber Additions for March 2021

The provisional payroll data of EPFO shows that the organization added 11.22 lakh net subscribers in March 2021.

Upgraded Covid Medical Facilities at ESIC Hospital Alwar

The Union Minister for Labour and Employment inspects the upgraded medical facilities at ESIC Medical College and Hospital in Alwar.

SOP for Extension of Time Limit for Revocation of Cancellation

This circular prescribes a standard operating procedure for implementing the extension of time limit to apply for the revocation of cancellation of registration under section 30…

15/2021-Central Tax : Seeks to make fourth amendment (2021) to CGST Rules, 2017.