18 May 2020

Search Results for Tag : Clarification

Notifications & Circulars

Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets(03.09.2015)

The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposit.....

Tags : Black money, clarifications, residency, foreign employment


IRDA clarifies provisions for refund of premium on repudiation of policy(28.10.2015)

The Insurance Regulatory Development Authority of India has released clarifications pursuant to amendment of Section 45 of the Insurance Act, 1938. Th.....

Tags : Insurance, clarifications, section 45, refund, misrepresentation


RBI clarifications for start-ups(11.02.2016)

The Reserve Bank of India has issued clarifications relating to acceptance of payments and issue of shares by start-ups. The Bank reiterates, variousl.....

Tags : start-up, payments, shares, clarifications


Clarifications on levy imposed on jewellery(04.03.2016)

The government issued clarifications on the excise duty of one per cent (without input tax credit) and 12.5 per cent (with input tax credit) levied on.....

Tags : Central excise, jewellery, clarification


Clarifications on Income Declaration Scheme, 2016(27.06.2016)

The Central Board of Direct Taxes issued further clarifications to the recently announced Income Tax Declaration Scheme, 2016.


Tags : income tax, black money, declaration, clarifications


Government Clarification on Amendment to Payment of Wages Act(21.12.2016)

It is seen from the media reports that there is a general impression that is being created that the Government is bringing an amendment to the Payment.....

Tags : Wages Act, Amendment, Clarification


Clarifications in respect of the provisions of IRDAI (Health Insurance) Regulations 2016 and Guidelines on Product Filing in Health Insurance(10.01.2017)

Reference is invited to the provisions of Guidelines on Product Filing in Health Insurance notified vide ref: IRDA/HLT/REG/CIR/150/07/2016 dated 29th .....

Tags : Clarifications, provisions, IRDAI


Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Clarification(16.03.2017)

Please refer to our letter IDMD.No.1451/08.03.016/2016-17 dated December 16, 2016 and Notification No. S.O.4061(E) dated December 16, 2016 issued by t.....

Tags : Scheme, Clarification, Gharib kalyan


Clarification on Regulation 6(d)(ii), 6(e)(ii) and 5(f) of the IRDAI 's (Payment of commission, remuneration or reward to insurance agent or insurance intermediaries) Regulations, 2016(30.03.2017)

Attention is drawn to Reg 6(d)(ii) and 6(e)(ii) of IRDAI 's (Payment of commission, remuneration or reward to insurance agent or insurance intermediar.....

Tags : Regulation, Clarifications, Commission, remuneration


Clarification regarding posting of Central Excise officer in Cigarette units-reg(01.05.2017)

1. Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock postin.....

Tags : Officer, Posting, Clarification


Clarification on Recently Notified Maternity Benefit (Amendment) Act, 2017(08.05.2017)

The Government has notified the Maternity Benefit (Amendment) Act, 2017 on 28th March, 2017 and the provisions of the Amendment Act have come into for.....

Tags : Maternity Benefit, Amendment, Clarification


RBI Clarification on Banks under Prompt Corrective Action(05.06.2017)

The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt.....

Tags : Corrective action, Framework, Clarification


Further clarification on tax in reverse charge on gold ornaments(13.07.2017)

In the GST Ki Master Class held yesterday, in one of the replies given to an on-the-spot-question, it was informed that purchase of old gold jewellery.....

Tags : Reverse charge, Gold ornaments, Tax, Clarification


Clarification regarding availability of Transitional Credit for GST(17.08.2017)

As per the rules, the Goods and Services Tax (GST) for the month of July 2017 has to be paid by 20th August, 2017. Only after the payment of full GST,.....

Tags : Transitional Credit, GST, Clarification


Clarification Regarding a Fake Advertisement in the name of Ministry of Petroleum and Natural gas in Newspapers in Maharashtra(27.02.2018)

It has come to the notice of Ministry of Petroleum and Natural gas, Government of India that some unscrupulous persons by using name and logo of Minis.....

Tags : Clarification, Fake Advertisement, Newspapers


Clarification regarding export policy of onions- Removal of Minimum Export Price (MEP) and Letter of Credit (LC)(26.02.2018)

DGFT has received representations from exporters of onions stating that Customs is not allowing export of onions without LC(Letter of Credit) despite .....

Tags : Clarification, Export policy, Onions


Clarifications in respect of investment by certain Category II FPIs(13.03.2018)

I. This is in reference to SEBI circular No. CIR/IMD/FPIC/ 26 /2018 dated February 15, 2018 regarding "Easing of access norms for investment by FPIs"......

Tags : Clarifications, Investment, FPIs


Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961(26.03.2018)

In keeping with India's commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled "Transfer Pricing Documentation and .....

Tags : Clarification, Furnishing of, Report


Clarification regarding actual service providers rendering eligible services to be entitled for the SFIS/SEIS benefits or the aggregator of services (Ports)(22.05.2018)

1. This Directorate has received references from exporters providing port related services seeking clarification whether the actual service providers .....

Tags : Clarification, Actual service providers, Eligible services, Benefits


Clarification regarding bank guarantee requirement for bond executed by EOUs(14.08.2018)

1. Various representations have been received regarding difficulties faced by EOUs with respect to requirements of bank guarantees in view of Circular.....

Tags : Clarification, Bank guarantee, Bond, Execution


Clarification in respect of transfer of input tax credit in case of death of sole proprietor(28.03.2019)

Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as 'CGST Act') .....

Tags : Transfer, Input tax credit, Clarification


Clarification on doubts related to supply of Information Technology enabled Services (ITeS services)(18.07.2019)

1. Various representations have been received seeking clarification on issues related to supply of Information Technology enabled Services (hereinafte.....

Tags : Doubts, Clarification, ITeS services


Clarification regarding applicability of Notification No. 45/2017-Customs dated 30.06.2017 on goods which were exported earlier for exhibition purpose/consignment basis(24.07.2019)

1. Representations have been received for clarifying the issue of applicability of Notification no. 45/2017-Customs on the re-import of goods which ha.....

Tags : Clarification, Applicability, Notification


CBDT issues clarification on eligibility of small Start-ups to avail tax holiday(22.08.2019)

The Central Board of Direct Taxes (CBDT) has clarified that, small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax hol.....

Tags : Tax Holiday, Eligibility, Small Start-ups, Clarification


Clarification on prosecutions filed or internal adjudication proceedings initiated against Independent Directors, non-promoters and non-KMP non-executive directors(02.03.2020)

1. Under several provisions of the Companies Act, 2013 [Act], proceedings are required to be initiated against an officer in default for violations co.....

Tags : Clarification, Internal adjudication, Proceedings


Clarification in respect of appeal in regard to non-constitution of Appellate Tribunal(18.03.2020)

1. Various representations have been received wherein the issue has been decided against the registered person by the adjudicating authority or refund.....

Tags : Clarification, Non-constitution, Appellate Tribunal


Clarification in respect of option under Section 115BAC of the Income-tax Act, 1961(13.04.2020)

1. Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment year 2021-22, inter alia, provides that .....

Tags : Clarification, Filing return, Tax deduction


MHA clarifies Misplaced Apprehensions of Industry Associations regarding Legal liability on Company CEOs, if employees found COVID-19 positive(23.04.2020)

No Separate/Fresh Permissions required from Authorities for Industries already permitted to operate prior to 15.04.2020, in areas falling outside Cont.....

Tags : Clarification, Apprehensions, Legal liability, Company CEOs


Clarification with respect to submission of Pre-shipment Inspection Certificate(06.05.2020)

1. The Import policy of metallic scrap and waste requires importers to furnish Pre-shipment Inspection Certificate (PSIC) for customs clearance of met.....

Tags : Clarification, Submission, Certificate


Clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020(11.05.2020)

1. Several representations have been received in the Ministry for providing clarification on the mode of issue of notice referred to in section 62(1)(.....

Tags : Clarification, Dispatch of notice



Allahabad High Court Issues Clarifications on E-Filing Procedure(15.04.2020)

Allahabad High Court has modified the e-filing procedure for taking up urgent matters. The Advocates would have an additional option of filing with th.....

Tags : Allahabad High Court, Clarifications on E-Filing Procedure