The Lok Sabha and Rajya Sabha has passed a bill to ban E-Cigarettes, i.e, The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019. Electronic-cigarettes are battery-operated devices...
The Lower House of the Parliament, Lok Sabha today passed the Taxations Laws (Amendment) Bill, 2019. Economic developments after the enactment of the Finance (No. 2) Act, 2019 (Finance Act) along with the reduction of...
After the Lok Sabha, Rajya Sabha has also passed the Chit Funds (Amendment) Bill, 2019. The finance ministry proposed amendments to chit funds law after several alleged frauds reported over the last few years. Several innocent...
The Lower House of the Parliament, Lok Sabha today passed a bill to ban E-Cigarettes, i.e, The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019. Electronic-cigarettes are...
In a written reply to a question in Lok Sabha today, Anurag Thakur, Union Minister of State for Finance & Corporate Affairs said that, inclusion of Institute of Chartered Accountants of India (ICAI) members on...
The aim of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is to help taxpayers, including small taxpayers, in clearing the baggage of disputes under legacy taxes (Service Tax and Central Excise), which are subsumed in...
The GST Council in its 27th meeting held on 4th May, 2018 resolved that GSTN will be converted into a 100% Government-owned entity by transferring 51% equity shares held by the Non-Government Institutions to the Centre...
The Union Cabinet chaired by Prime Minister Narendra Modi yesterday approved for withdrawing of the International Financial Services Centres Authority, 2019 Bill which was introduced in the Rajya Sabha on 12th February, 2019 and pending in...
The Lower House of the Parliament, Lok Sabha has passed a bill to amend the Chit Funds (Amendment) Bill, 2019. The Chit Funds (Amendment) Bill, 2019 was introduced in Lok Sabha on August 5, 2019....
As per the information received from National Company Law Tribunal (NCLT), total 1,821 cases filed by homebuyers against builders since June, 2018, under the Insolvency and Bankruptcy Code (IBC) 2016, were pending in NCLT on...
The Rajya Sabha Tuesday passed the Companies (Amendment ) Bill 2019, which seeks to amend the Companies Act 2013. The Bill was cleared by the Lok Sabha on July 26. It is based on the...
A Bill to amend tax and other laws including SEBI Act, the RBI Act, the CGST Act and the PMLA Act, was passed on Thursday in the Lok Sabha by voice vote. Moving the Finance...
The Lower House of the Parliament, Lok Sabha has passed a bill to amend the Special Economic Zones Act ( SEZ ), 2005. The Special Economic Zones (Amendment) Bill, 2019, will replace an ordinance promulgated...
The Government, in order to bring more accountability and transparency in the election process and to make easy verification of the candidates details, mandated that the candidates of election shall declare their income tax returns...
There are speculations that the Institute of Chartered Accountants of India (ICAI) is likely to postpone the CA exams to be held in May to June due to the general elections 2019. Reportedly, during the...
The Central Government has re-promulgated the Companies (Amendment) Ordinance, 2019. The Ordinance is to amend the companies law to further improve the ease of doing business as well as ensure better compliance levels. Since the Bill to...
The Lok Sabha has passed four bills amending laws relating to the Goods and Services Tax (GST). The Central GST (Amendment) Bill, Integrated GST (Amendment) Bill, Union Territory GST (Amendment) Bill and GST (Compensation to...
The Central Government, on Tuesday, introduced four Bills seeking to amend the present Goods and Services Tax (GST) laws before the Lok Sabha. Once implemented, the amendment will make return forms simpler and raise the...
The Government has informed that, MorLok Sabhae than 2 Lakh Companies under MCA Scanner for not Filing Returns for Year 2015-16 & 2016-17. Union Minister of State for Law & Justice and Corporate Affairs P.P. Chaudhary said...
In a bid to crackdown economic offenders, the President promulgated the Fugitive Economic Offenders Ordinance allowing the government to confiscate properties and assets of loan defaulters who flee the country. The ordinance was passed within...
The Budget Session, 2018 of Parliament which commenced on Monday, 29th January 2018 has been adjourned sine die today i.e. Friday, the 6th April 2018. In between both parts of the session, both Houses also adjourned for recess for...
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