Notification & Circulars


Clarification regarding the limitation time for filing of appeals before the CIT(Appeals) under the Income-tax Act, 1961 (the Act)

 Notification No#10/2021     25 May 2021

F .NO.225/49/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 25th May, 2021 Subject: Clarification regarding the limitation time for filing of appeals before the CIT(Appeals) under the Income-tax Act,1961 (the Act) 1..

Posted in Income Tax

Weekly Newsletter From Chairman, CBIC Dated 24/05/2021

 Notification No#D.O.No.69/CH(IC)/2020     24 May 2021

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 Tel. No.: +91-11-23092849, Fax : +91-11-23092890 E-mail : ajit.m@gov.in M. Ajit Kumar, Chairman Date: 24th May 2021 D.O.No.69/CH(IC)/2020..

Posted in Custom

Income tax (16th Amendment) Rules, 2021

 Notification No#68/2021     24 May 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th May, 2021 G.S.R. 338 (E).— In exercise of the powers conferred by section 50B read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes he..

Posted in Income Tax

Procedure for exercise of option under sub-section (1) of section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-rule (1) of Rule 44DA of Income-tax Rules, 1962

 Notification No# Notification No.5 of 2021      24 May 2021

DGiT(S)-ADG(S)-3/e-Filing Notification/Form34BB/2021/  Government of India  Ministry of Finance  Central Board of Direct Tax  Directorate of Income Tax (Systems), New Delhi  Notification No.05 of 2021  New Delhi, the 24th May,2021  Procedure for exercise o..

Posted in Income Tax

Updation of IFSC and Bank Account Rejected by PFMS

 Notification No#Public Notice No. 49/2021     24 May 2021

OFFICE OF THE PR. COMMISSIONER OF CUSTOMS (NS-I) DIN: 20210578NW0000813841 F. No. EDI/ Misc-154/2017/Pt I JNCH Date: 24.05.2021 Public Notice No. 49/2021 Sub: UPDATION OF IFSC AND BANK ACCOUNT REJECTED BY PFMS 1. Kind attention of all Exporters, Importers, Custom Brokers & othe..

Posted in Miscellaneous

Foreign Exchange Management (Borrowing and lending) (Amendment) Regulations, 2021

 Notification No#No. FEMA. 3(R)2/2021-RB.     24 May 2021

RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION MUMBAI, the 24th May 2021 Foreign Exchange Management (Borrowing and lending) (Amendment) Regulations, 2021 No. FEMA. 3(R)2/2021-RB.- In exercise of the powers conferred by Section 47 of the For..

Posted in Others

Enhancement of overall limit for overseas investment by Alternative Investment Funds (AIFs)/Venture Capital Funds (VCFs)

 Notification No#SEBI/HO/IMD/DF6/CIR/P/2021/565     21 May 2021

Securities and Exchange Board of India  CIRCULAR SEBI/HO/IMD/DF6/CIR/P/2021/565 May 21, 2021 To, All Alternative Investment Funds, All Venture Capital Funds [registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996)] Dear Sir / Madam, Subject: Enhancement..

Posted in Shares & Stock

IFSCA - Guidelines for issuance of Certificate of Deposits- withdrawal

 Notification No#F.No.110/IFSCA/Banking Regulation/2021-22/4     21 May 2021

International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2021-22/4 Date : May 21, 2021 To all Banking Units Dear Sir/Madam, Subject: Guidelines for issuance of Certificate of Deposits – Withdrawal Banking Units may please refer to IFSCA Circul..

Posted in Others

Relaxation in timeline for compliance with various payment system requirements

 Notification No#RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022     21 May 2021

RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 May 21, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Paym..

Posted in Others

Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

 Notification No#9/2021     20 May 2021

F. NO.225/49/2021-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 20th May, 2021  Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Boa..

Posted in Income Tax