Central government mandates registration by input service providers and manufacturers of machines
Where any person, who is engaged in the manufacture of goods in respect of which any special procedure relating to registration of machines has been notified acts in contravention of the said special procedure, he shall, pay a penalty equal to an amount of one lakh rupees for every machine not so registered.
Karnataka development and disaster management initiatives shall enjoy income tax exemption provided to non-profit entities
This notification shall be deemed to have been applied for the assessment years 2022-2023 and 2023-2024 relevant for the Financial Years 2021-2022 and 2022-2023.
CBDT clarification regarding linkage of PAN and Aadhaar for the transactions so as to avoid higher deduction/collection of tax
The Board specifies that in respect of cases where higher rate of TDSITCS was attracted under section 206AA1206CC of the Act pertaining to the transactions entered into up to 31.03.2024 and in case of demise of the deductee/collectee on or before 31.05.2024 i.e. before the linkage of PAN and Aadhaar could have been done, there shall be no liability on the deductor/collector to deducVcoliect the tax under section 206AA1206CC, as the case maybe.
New Interest Rate for Tamil Nadu GPF Effective July-September 2024
The Tamil Nadu Finance (Allowances) Department has announced an update on the interest rates for the General Provident Fund (GPF) for the financial year 2024-2025. According to recent government orders, the interest rate for GPF accumulations will be set at 7.1% for the period from July 1, 2024, to September 30, 2024.
Kerala’s Karmachari Scheme: Balancing Work and Studies for Students
The Government of Kerala has introduced the Karmachari Scheme to integrate work with studies for students. This initiative covers various sectors, including star hotels, supermarkets, malls, food outlets, textiles, and resorts.
New National Action Plan To Tackle Avian Influenza
The Department of Animal Husbandry and Dairying (DAHD) of India has reaffirmed its commitment to controlling avian influenza with its robust National Action Plan for Prevention, Control, and Containment on August 7th 2024.
New Amendments to Jammu and Kashmir Governance Rules
On July 12, 2024, the Ministry of Home Affairs issued a significant notification amending the Transaction of Business of the Government of Union Territory of Jammu and Kashmir Rules, 2019. This notification, made under the Jammu and Kashmir Reorganisation Act, 2019, introduces several important updates to the governance procedures in the Union Territory.
A New Chapter in Indian History
The Ministry of Home Affairs on March 12th 2024, has officially declared 17th September as Hyderabad Liberation Day.
India Makes Strides in Bulk Drug Manufacturing
The Production Linked Incentive (PLI) scheme for promoting domestic manufacturing of key starting materials (KSMs), drug intermediates, and active pharmaceutical ingredients (APIs) was launched in 2022. A press release on the progress of the scheme was issued on August 9, 2024.
BIS Sets New Standards for Ayush Sector
The Bureau of Indian Standards (BIS) has taken a step towards ensuring quality and safety in the Ayush sector by establishing a dedicated standardization department. This move aims to bolster the credibility and reach of traditional Indian medicine systems like Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa, and Homoeopathy.
