Statutory updates

Harmonised Master List of Infrastructure Sub Sectors for Section 10(23FE)

The Central Board of Direct Taxes specifies businesses engaged in infrastructure sub-sectors for section 10 of the Income-tax Act, 1961.

CRA New Functionalities Available to APY Subscribers

The Pension Fund Regulatory and Development Authority introduces new functionalities for Atal Pension Yojana subscribers through the Central Recordkeeping Agency.

Income-tax (16th Amendment) Rules, 2020

The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to update rule 31A and Forms 26Q and 27Q regarding tax deducted at source particulars.

58/2020-Central Tax : Seeks to make eighth amendment (2020) to CGST Rules.

IBBI (Insolvency Professionals) Regulations, 2016 (Amended upto 01.07.2020)

Conditional Waiver of Central Tax Late Fees

This notification amends notification No. 76/2018-Central Tax to provide a conditional waiver of late fees under section 47 for registered persons.

FRN Allotment and Approval for Cross Border Reinsurers

The Insurance Regulatory and Development Authority of India grants approval to specific Cross Border Reinsurers that do not fulfill the stipulated eligibility criteria.

Central Database of Licensed Insurance Salespersons in India (ENVOY) PAN Shift

The Insurance Regulatory and Development Authority of India shifts the unique identifier for the Central Database of Licensed Insurance Sales Persons in India from the Aadhar…

Exemption for Investment Funds under Section 9A(3)

The Central Government directs that specific conditions under section 9A of the Income-tax Act, 1961 do not apply to certain investment funds.

Income-tax (15th Amendment) Rules, 2020

The Central Board of Direct Taxes issues the Income-tax (15th Amendment) Rules, 2020 to amend the Income-tax Rules, 1962.

Choice for NPS Subscribers to have physical or ePRAN card

Corrigendum to Notification No 35/2020 on Income Tax Time Limits

The Central Board of Direct Taxes issues a corrigendum to notification number 35/2020 to correct text references.

notification no. 40/2020 f. no.370149/143/2019 tpl / gsr 421 e income tax 14th amendment rules 2020

Timelines for Submission of Life Operational Returns in BAP

The Insurance Regulatory and Development Authority of India specifies timelines for the submission of life operational returns through the BAP module.

Extension of Compliance Due Date under Notification No. 35/2020-Central Tax

The Central Board of Indirect Taxes and Customs extends the compliance due date under notification no. 35/2020-Central Tax.

Extension of Time Limit to Pass Order under Section 54(7)

The Central Board of Indirect Taxes and Customs amends Notification No. 46/2020-Central Tax to extend the period to pass an order under section 54(7) of the Central Goods and…

Guidelines on COVID Standard benefit based health policy

Guidelines on Covid Standard Health Policy