Amendment to FTP 2023: Govt Introduces Provisions for Consultations/Suggestions from Stakeholders, Inserts Para 1.07A and Para 1.07B [Read Notification]
The Central Government has recently amended the Foreign Trade Policy ( FTP ) 2023 by inserting two new provisions, Para 1.07A and Para 1.07B, to...
![National Aviation Security Fee Trust Receives Income Tax Exemption from CBDT u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/CBDT-Income-Tax-Income-Tax-Exemption-Central-Board-of-Direct-Taxes-TAXSCAN.jpg "National Aviation Security Fee Trust Receives Income Tax Exemption from CBDT u/s 10(46) [Read Notification]")
![CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Petroleum-and-Natural-Gas-Regulatory-Board-TAXSCAN.jpg "CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]")
Govt mulls over New Common Accounting Standards for Both LLPs and Companies with AATO above ₹250 Cr
The Central Government is thinking of introducing new accounting standards for Limited Liability Partnerships (LLPs), especially for those with an annual turnover exceeding ₹250 crore. This will...
Finance Ministry Announces Retrospective Duty-Free Import for Simply Sawn Diamonds [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) under the Ministry of Finance has issued Notification No. 70/2024-Customs (N.T.) dated October 23, 2024, regarding the retrospective exemption...
Parliament does not have Legislative Competence to Enact a Law taking control of Intoxicating Liquor Industry: Supreme Court [Read Judgement]
The Supreme Court, on Wednesday, ruled that 'industrial alcohol' falls within the scope of 'intoxicating liquor' as defined under Entry 8 of List II (State List) of the Constitution, thus affirming...
India Imposes $217/MT Anti-Dumping Duty on Isopropyl Alcohol Imports from China and Multiple Nations [Read Notification]
With an aim to safeguard the domestic industry, India has imposed an anti-dumping duty of $217 per metric ton on imports of isopropyl alcohol (tariff item 2905 12 20) from China and several other...
