Ordinance passed for 100% Tax Exemption on donations to PM Cares Fund

On March 31, 2020, the Government of India passed an ordinance to allow 100% exemption on donations made on PM Cares Funds. The ordinance has also extended the time limit of direct and indirect tax filings to June 30, 2020. Key Features on Direct Taxes The last date for filing Income Tax returns has been ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Aadhaar • Aadhaar based e-PAN • Customs Act 1962 • Income Tax Act • PAN • PM CARES Fund • Sabka Vishwas-Legacy Dispute Resolution Scheme 2019 • Vivad Se Vishwas

February 24: Central Excise Day

Every year, on February 24, the Central Excise Day is being celebrated by Central Board of Excise and Customs all over India. The day is being celebrated to honour the service of Central Board of Excise and Custom (CBEC) to the country. Highlights The day is also celebrated to honour the officers associated with CBEC ..

Month: Current Affairs - February, 2020

Category: Important Days & Events Current Affairs

Topics: Basic Custom Duty • CBEC • Corruption • Custom Duty • Customs Act 1962

Indian Coast Guard can now legally search & seize vessels in EEZ

Union Ministry of Defence has authorized every member of Coast Guard under Coast Guard Act 1978, to visit, board, search and seize any suspicious vessel and arrest people for offences within Exclusive Economic Zone (EEZ) and continental shelf of country. The permission also includes seizing of any artificial island/ any floating or moored object/ any ..

Month: Current Affairs - December, 2019

Category: Defence Current Affairs

Topics: Customs Act 1962 • Exclusive Economic Zone • Indian Coast Guard • Indian Navy • maritime security • Ministry of Defence • Narcotic Drugs and Psychotropic Substances Act

CBIC launches programme to strengthen Make in India

Central Board of Indirect Taxes and Customs (CBIC), India’s nodal national agency responsible for administering Central Excise, Service Tax, Customs, GST, & Narcotics has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations. The programme is launched under bond scheme of Customs Act, ..

Month: Current Affairs - October, 2019

Category: Economy & Banking Current Affairs

Topics: CBIC • Central Board of Indirect Taxes and Customs • Customs Act 1962 • Ease of Doing Business • Make in India