CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25
As part of this campaign, informational messages will be sent via SMS and email to resident taxpayers who have already submitted their ITR for AY 2024-25. These messages are intended for individuals identified through information received under bilateral and multilateral agreements, suggesting that they may hold foreign accounts or assets, or have received income from foreign jurisdictions.
CBDT extends income tax exemption to ‘Petroleum and Natural Gas Regulatory Board’
This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be a board constituted under the Petroleum and Natural Gas Regulatory Board Act, 2006.
DGFT allows exports under schemes of gold/silver/platinum jewelry through Amritsar airport
The amendment provides that exports under schemes of gold/silver/platinum jewellery and articles thereof shall be allowed by airfreight and Foreign Post Office through the Customs House at Amritsar airport.
UGC clarification regarding celebration of Janjatjya Gaurav Diwas, 2024
HEIs are directed to celebrate 4th Janjatiya Gaurav Diwas (JJGD) from 15th November and leading up to 26th November, 2024 to coincide with the Constitution Day across the country and year-long celebrations held throughout the country from 15.11.2024 to 15.11.2025 as Janjatiya Gaurav Varsh (JJGV).
Central government enacts penalties for contraventions of Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2024 and the E-Waste (Management) Second Amendment Rules, 2024
The amendments provides that whoever fails to comply with or contravenes any of the provisions of these rules made or orders or directions issued thereunder, shall, in respect of each such failure or contravention, be punishable with imprisonment for a term which may extend to five years with fine which may extend to one lakh rupees, or with both, and in case the failure or contravention continues, with additional fine which may extend to five thousand rupees for every day during which such failure or contravention continues after the conviction for the first such failure or contravention.
India International Trade Fair
Technology has facilitated lowering of risk and easier access through initiatives like e-KYC, ASBA for IPOs, Online Bond Platforms and single window platforms for Mutual Funds.
SEBI analysis of royalty payments made by listed companies to their Related Parties
Poor disclosure levels continue to keep a veil on royalty and related payments. Listed companies do not provide adequate justification or rationale for royalty payments, and details of benefits derived in return for such royalty paid.
Guidelines for “Prevention of Misleading Advertisement in Coaching Sector”
‘Guidelines for Prevention of Misleading Advertisement in Coaching Sector, 2024,’ aim to safeguard students and the public from deceptive marketing practices commonly employed by coaching centers.
TRAI extends timeline for public Consultation on ‘Regulatory framework for Ground based Broadcasters’
It has been decided to extend the last date for submission of written comments up to 22nd November, 2024. Counter comments, if any, may also be submitted by 6th December, 2024.
RBI Second Conference of State Registrars of Cooperative Societies
Discussions during the Conference revolved around regulatory and governance issues in UCBs and the expectations of the Reserve Bank and the Deposit Insurance and Credit Guarantee Corporation (DICGC).
