Transitional provisions under SCMTR Regulation 15(2) further extended till 31st Dec. 2021 to enable submission of manifests under erstwhile regulation

CBIC has issued notification to further extend the transitional provisions of Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018, till 31st December 2021 to enable submission of manifests under erstwhile…

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Rule wise comparison of existing ODI norms in FEMA 120 with Draft Overseas Investment norms proposed by RBI

This article provides a side-by-side comparison of the existing ODI regulations as they stand under FEMA with draft rules/ regulations for overseas investments notified by RBI.This article provides a side-by-side…

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Ministry of Home Affairs extends validity of registration certificates issued under FCRA by Dec 31,

The Ministry of Home Affairs has extended the deadline till December 31 for renewal of Foreign Contribution (Regulation) Act (FCRA) registration certificates. The Ministry had earlier given a relief up…

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AO can’t withhold refund to adjust it with demand if no demand exists at time of declaration of refund: HC

INCOME TAX : Where once a refund is declared after scrutiny proceedings and such refund is withheld, a reasoned order has to follow and in absence of any cogent reasons…

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Govt. keeps interest rates of small saving schemes unchanged for October to December, 2021

The Interest rate of various small saving scheme for the December 2021 quarter shall remain unchanged from the current rate applicable for the second quarter of the Financial Year 2021-22.The…

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