RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 27th February, 2019 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019 G.S.R. 160(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999… Read More »
Ministry of Finance Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 28 FEB 2019 Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02ndJanuary 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined… Read More »
The income tax refund process will be issued through online only from March 2019. The amount will be credited to the bank account linked with the Permanent Account Number (PAN). Further, the taxpayers have to pre-validate your bank account with the income tax department e-filing portal to receive a tax refund. It is confirmed that… Read More »
Whether ITC is admissible on ambulances purchased for the benefit of the employees under legal requirement of the Factories Act, 1948. GST AAR West Bangal In re Nipha Exports Pvt Ltd Order No. 43/WBAAR/2018-19 Date of Judgement/Order : 26/02/2019 1. Admissibility of the Application 1 .1 The Applicant, stated to be a manufacturer of agricultural machinery,… Read More »
Ministry of Finance Income Tax Department hits at terror financing activities in J&K Region Posted On: 27 FEB 2019 The head of a prominent organisation allegedly indulging in anti-national activities alongwith his associates were covered in a sensitive search action by the Income Tax Department today. Search action has been conducted at 4 premises in… Read More »