Statutory updates

Ist BRICS Employment Working Group (EWG) Meeting amongst BRICS Countries

Specify CDC Group Plc as Sovereign Wealth Fund for Section 10(23FE)

The Central Government specifies the CDC Group Plc as a specified person for tax exemption under section 10 of the Income-tax Act, 1961.

Specify Ministry of Economy and Finance of Korea as Sovereign Wealth Fund

The Central Government specifies the Ministry of Economy and Finance of the Republic of Korea as a specified person for tax exemption under section 10.

Public Sector Pension Investment Board Specified Person Notification

The Central Government specifies the Public Sector Pension Investment Board as the specified person for section 10 clause 23FE.

Government Employees Superannuation Board Tax Exemption

The Central Government specifies the Government Employees Superannuation Board as the specified person for section 10 clause 23FE.

OMERS Administration Corporation Specified Person Notification

The Central Government specifies the OMERS Administration Corporation as the specified person for section 10 clause 23FE of the Income-tax Act, 1961.

Preparation of Financial Statements and Auditor's Report First Amendment Regulations

Insurers carrying on general insurance business recognize premium as income over the contract period or the period of risk.

Applicability of Section 6A(4)(b) of Insurance Act 1938 to ESOPs

All insurers must report employee stock options to the authority at the time of grant.

Fee Structure for IFSC Banking Units

The International Financial Services Centres Authority establishes the fee structure for IFSC Banking Units under Section 12 of the International Financial Services Centres…

First Vaccination Camp for COVISHIELD at Labour Bureau Chandigarh

The Labour Bureau in Chandigarh organizes a vaccination camp for the COVISHIELD vaccine.

Designation of Special Court for Black Money Act in Assam, Nagaland, Mizoram and Arunachal Pradesh

The Central Government designates the Court of Munsiff No. 3-cum-Judicial Magistrate, First Class, Kamrup (M), Guwahati as the Special Court.

Designation of Special Court for Tripura under Black Money Act

The Central Government designates the Court of the Additional Chief Judicial Magistrate, West Tripura as the Special Court for the State of Tripura.

Corrigendum to Notification No. 54/2021 on Stretford End Investment Pte. Ltd.

The Central Board of Direct Taxes amends notification number 54/2021 to correct the name of a company.

Corrigendum to Notification No. 35/2021 on Canada Pension Plan Investment Board

The Central Board of Direct Taxes issues a corrigendum to change a company name in Notification No. 35/2021.

Corrigendum to Notification No. 59/2021

The Central Board of Direct Taxes issues a correction for a prior notification published on 7th May 2021.

Letter from Chairman on Insurance Sector Growth and Strategy

The Chairman of the Insurance Regulatory and Development Authority of India addresses all managing directors and chief executive officers of life insurers to review sector…

Message from Chairman on Sector Growth and Priorities

The Chairman of the Insurance Regulatory and Development Authority of India addresses managing directors and chief executive officers of non-life and health insurers.

Cash Payment Exemption for Covid Treatment Facilities under Section 269ST

The Central Board of Direct Taxes specifies medical facilities for cash payment rules under Section 269ST of the Income-tax Act, 1961.