Statutory updates

Income-Tax Authority Jurisdiction Schedule Corrigendum

The Central Board of Direct Taxes issues a corrigendum to amend notification number S.O. 2755(E).

Corrigendum to Income-Tax Assessment Units Notification No. 70/2020

The Central Board of Direct Taxes amends notification number S.O. 2757(E) dated 13th August 2020 to replace, delete, and insert specific income-tax authority entries and…

Solvency Margin for Crop Insurance Business

Non-life insurance companies and registered Indian reinsurers must assign zero value to unrealized premium receivables for State or Central Government sponsored schemes under…

Commencement of Section 100 of Finance Act for CGST Section 50

The Central Government appoints the first day of September 2020 as the date on which the provisions of section 100 of the Finance (No. 2) Act 2019 come into force.

Dividend Criteria for Equity Investment under Approved Investment

The Insurance Regulatory and Development Authority of India sets dividend criteria for equity investment under approved investment.

SEBI IFSC Guidelines 2015 Amendments for Debt Securities Accounting

Recognized stock exchanges in International Financial Services Centres must apply amended accounting standards rules for entities issuing or listing debt securities.

SEBI IFSC Guidelines 2015 Amendments

An entity based in India or in a foreign jurisdiction may provide financial services in International Financial Services Centres.

62/2020-Central Tax : Seeks to make Tenth amendment (2020) to CGST Rules.

PUC certificate at the time of renewal of Insurance of Vehicle – Directions, Aug 2020

Income-Tax Rules Conditions and Guidelines for Pension Funds

The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to set rules for pension funds under section 10 of the Income-tax Act, 1961.

Operational Guidelines for National Pension Scheme Tier II Tax Saver Scheme

The Pension Fund Regulatory and Development Authority issues operational guidelines for the National Pension Scheme Tier II - Tax Saver Scheme, 2020.

Calculation Guidelines for Foreign Equity Holdings in Pension Funds

Pension Funds calculate aggregate foreign equity holding by combining direct and indirect foreign investments to ensure total foreign holding remains within the legal limit.

Modification of Order File No. 25-02-2020 - NCLT

Amendments to the E-assessment Scheme 2019

The Central Government amends the E-assessment Scheme 2019 to rename it as the Faceless Assessment Scheme and revises the assessment procedure.

Amendments to Faceless Assessment Scheme

The Central Government amends the E-assessment scheme to rename it as the Faceless Assessment scheme and revises procedures for assessment, video conferencing hearings, and…

Income-tax Authorities Jurisdiction Schedule Amendment

The Central Board of Direct Taxes amends the schedule of income-tax authorities to update designations, headquarters, and jurisdictions across India.

CBDT Amendments to Income Tax Authorities Jurisdiction Notification

The Central Board of Direct Taxes amends the principal notification number 50 of 2014 to update the jurisdiction and powers of income tax authorities.

National e-Assessment Centre Income Tax Authorities Powers

The Central Board of Direct Taxes directs that specific Income-tax Authorities of the National e-Assessment Centre exercise the powers and functions of Assessing Officer…