Amendment

The amendments to the Finance Bill that now allows for this come after a 2022 Bombay High Court ruling against the tax department saying no interest and penalty can be imposed on demand of additional customs duty.

CBDT consolidates review process with single order covering six assessment years

"The searches conducted from September 1, 2024 onwards will follow this new amendment in the Income Tax Act."

Bill to amend offshore areas minerals law introduced in Lok Sabha amid Manipur protest

The bill was introduced by Union Minister of Parliamentary Affairs, Coal and Mines Pralhad Joshi when the House assembled at 2.00 pm after an adjournment over the Manipur situation.

Tamil Nadu Assembly passes Bill to allow 12-hour shifts for factory workers

Workers in the state will have the option to work for four days in a week with three days' paid leave, and total weekly working hours will remain unchanged, said Industries Minister Thangam Thennarasu. This will benefit women workers, the minister said while adding that action will be taken against factories that force employees to work against their wishes.

Bill to amend Multi-State Cooperative Societies Act introduced in Lok Sabha

It also proposes a Co-operative Rehabilitation, Reconstruction and Development Fund for the revival of sick multi-state co-operative societies.

Parliament passes bill to ban funding of WMDs

The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022, piloted by External Affairs Minister S Jaishankar, was passed with a voice vote even as opposition parties continued their protest on various issues, including against arrest of Shiv Sena MP Sanjay Raut.

Explained: Why the government wants to amend the law on notaries

One of the proposals is to limit the tenure of notaries public to 15 years so that younger aspirants get a chance to join the profession. However, the move may adversely affect those who have taken up notary practice as their sole profession

Digitisation amid COVID-19 | Centre likely to amend Copyright Act: Report

Certain provisions of the Act may be “decriminalised to improve business and unclog legal processes.”

Companies Act amendments passed by Lok Sabha; here are the changes

The proposed amendment will be carried out in Section 23 of the Companies Act, 2013

Don't entertain changes in RERA for 3 years: Homebuyers write to PM, Hardeep Puri

Model rules must include penalties for officers of state administration who delay real estate projects

India to sign DTAA amendment with Singapore today: Sources

It would be interesting to see whether the DTAA's modification will have a provision on capital gains akin to the Mauritius Treaty, whereby any investment made by a foreign institutional investor before March 31 2017, will enjoy full capital gain exemptions, says Abhishek Goenka, Partner At PwC.

Govt moves to allow permanent window to tax ill-gotten cash:Srcs

The proposed amendment is likely to increase the tax rate from 30 percent to close to 60 percent. The I-T department has also proposed to add powers to confiscate and prosecute.

Listen to what the biggest voices have to say on GST

Watch accompanying video to know what some of the biggest voices had to say about the landmark Goods and Services Tax Constitutional Amendment Bill.

Excl: Cabinet may take up MMDR Act amendment this week

The Union Cabinet is likely to consider an amendment to the Mines and Minerals (Development and Regulation) Act, 2015, amid complains that clauses in the law have held up mergers & acquisition in the commodities sector.

CCI streamlines, simplifies norms for M&A filings

The Competition Commission of India (CCI) has amended the combination regulations for the fifth time to make it more user friendly, amid concerns expressed in certain quarters about some existing requirements.

Govt includes subsides under income in Fin Bill amendment

The definition of income has been amended to include any subsidy, grant, waiver, cash incentive or similar assistance. This has been a vexed issue for long.

Govt to table land acquisition, MMDR bills in RS today

Notwithstanding the continuing impasse over amendments to the land acquisition act, the government is expected to table a bill in Rajya Sabha today to replace its ordinance it passed late last year. The Budget session of the Parliament started on Monday

New Companies Bill: Key changes to help ease doing business

The Lok Sabha on Wednesday approved a new bill that would make amendments to the Companies Act, 2013, with an aim of improving “ease of doing business” in India.

To discuss tweaking Land Act before Winter Session: Gadkari

The proposed amendments to the Land Acquisition Act will be discussed with all stakeholders before the Winter Session of Parliament and the government will not compromise on resettlement issues, Rural Development Minister Nitin Gadkari said today.

Mines ministry moves CCEA to amend Metals Corp Act: Srcs

The mines ministry is seeking a nod from the Cabinet Committee on Economic Affairs to amend the Metals Corporation Act so that it can facilitate the 24.9 percent stake sale iin Hindustan Zinc.

Delay in GST likely; decision after 2014 polls

The Parliament's Standing Committee on Goods and Services Tax (GST), headed by Yashwant Sinha, sent back its key suggestions to be incorporated in the bill.

Companies Bill introduced in Rajya Sabha

The much-awaited Companies Bill, which aims at protecting the interest of employees and small investors, was introduced in the Rajya Sabha today amid din.

Govt to soon send comments on new bank licences to RBI: FM

The government will soon send its comments to the Reserve Bank on issuing new bank licences, finance minister P Chidambaram said today. "We are sending our comment on banking licence to RBI," he told reporters here.

Full text: The Criminal Law (Amendment) Bill, 2012

A committee under the chairmanship of Justice (Retd) Shri JS Verma, former Chief Justice of India, is working on a report on the review of present laws so as to provide for speedier justice and enhanced punishment in cases of aggravated sexual assault.

Govt in action mode, eyes next set of reforms: Anand Sharma

The government has finally passed the litmus test and FDI in retail is all set to become a reality anytime soon. FDI in retail has received clearance from both the upper and lower House of the Parliament.