Guidance Document/SOP for Registration of Used Oil Importer at EPR Portal for Used Oil Management
The Ministry of Environment, Forest and Climate Change amended the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016, with the “Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2023” on 18th September 2023. The amendment introduces Extended Producer Responsibility (EPR) for managing Used Oil in India.
Central Board of Indirect Taxes and Customs Determines Exchange Rate of Conversion
Central Board of Indirect Taxes and Customs (CBIC) has determined the new exchange rate of conversion of foreign currency and Indian currency or vice versa which shall be effective from February 21, 2025.
Reminder for Submission of Action Taken Report pertaining to System Audit and Cyber Security & Cyber Resilience Audit of Trading Members
The NSE has directed Trading Members to rectify non-compliances identified in the System & Cyber Audit Report for the audit period ending September 30, 2024, and submit an Action Taken Report (ATR).
Mutual Credit Guarantee Scheme for MSMEs
Union Finance has launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS – MSME) for facilitating loans upto Rs. 100 crore to MSMEs for purchase of machinery or equipment without collateral, in pursuance of the Union Budget 2024-25 announcement.
Remission of Stamp Duty on Outstanding Demands
The Rajasthan Government has made an announcement under Section 9-A of the Rajasthan Stamp Act, 1998, allowing relief on outstanding stamp duty demands if paid by 30th September 2025.
Reduction of Stamp Duty on Joint Property Conveyance for Spouses
The Rajasthan Government has issued an order under Section 9(1) of the Rajasthan Stamp Act, 1998, reducing the stamp duty on property conveyance when the buyer is a married couple (husband and wife jointly).
Guidance Document/SOP for Registration of Recycler/ Co-Processor at EPR Portal for Used Oil Management
The Ministry of Environment, Forest and Climate Change amended the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016, with the “Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2023” on 18th September 2023. The amendment introduces Extended Producer Responsibility (EPR) for managing Used Oil in India.
Advisory on Introduction of Form ENR-03 for Enrolment of Unregistered Dealers/Persons in EWB Portal
A new feature in the E-Way Bill (EWB) system, effective 11.02.2025, allows unregistered dealers to enroll using Form ENR-03, as per Notification No. 12/2024 (10.07.2024).
Understanding TDS on Salaries for FY 2024-25
The Central Board of Direct Taxes (CBDT) has issued *Circular No. 3/2025, providing crucial updates on *Tax Deducted at Source (TDS) on salaries for the financial year *2024-25. This circular incorporates amendments from the **Finance (No. 2) Act, 2024, **Finance (No. 1) Act, 2024, and *Finance Act, 2023.
Extension of due date for filing of Form No. 56F under the Income-Tax Act, 1961
In light of the challenges reported by taxpayers and other stakeholders in meeting the deadline for filing the accountant’s report under sub-section (8) of section 10AA (Form 56F), read with sub-section (5) of section 10A of the Income-tax Act, 1961 (‘the Act’), and to prevent genuine hardship in such cases, the Central Board of Direct Taxes has extended the deadline for filing the accountant’s report for Assessment Year 2024-25.