News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« News Headlines »
 Didn't receive income tax refund? Here's how you can raise a re-issue request step by step
 Notification No. 80/2019- The Central Board of Indirect Taxes and Customs
 CBDT Extends Income Tax Return Filing Deadline in J&K, Ladakh Union Territories to November 30
 Check you income tax outgo for AY2019-20
 ITR forms for AY 2019-20 notified – Complete list of ITR forms and their usage
 No taxable income? You may still have to file your returns
 Not received your tax refund? Here is what you should do
 Notification No.76/2019 Central Board Of Indirect Taxes And Customs
  What to do if you haven’t got tax refund yeta
 Section 35D of the Income Tax Act, 1961 deals with the Amortization of Expenditure incurred in respect of Preliminary Expenses.
 Notification No. 80/2019 Central Board Of Direct Taxes
 Notification No. 79/2019 Central Board Of Direct Taxes
 This major tax deadline is today. What you need to know

Notification No. 80/2019 Central Board Of Direct Taxes
October, 18th 2019
                                             MINISTRY OF FINANCE
                                              (Department of Revenue)
                                    (CENTRAL BOARD OF DIRECT TAXES)
                                         New Delhi, the 15th October, 2019
        S.O. 3719(E).--In exercise of the powers conferred by clause (v) of proviso to section 194N of the
Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of
India (RBI), hereby specifies,-
        (a)   the authorised dealer andits franchise agent and sub-agent; and
        (b)   Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of Indiaand its franchise
maintaining a separate bank account from which withdrawal is made only for the purposes of,-
        (i)   purchase of foreign currency from foreign tourists or non-residents visiting India or from
              resident Indians on their return to India, in cash as per the directions or guidelines issued by
              Reserve Bank of India; or

(ii) disbursement of inward remittances to the recipient beneficiaries in India in cash under Money Transfer Service Scheme (MTSS) of the Reserve Bank of India; and a certificate is furnished by the authorised dealers and their franchise agentand sub-agent, and the Full- Fledged Money Changers (FFMC) and their franchise agent to the bank that withdrawal is only for the purposes specified above and the directions or guidelines issued by the Reserve Bank of India have been adhered to. Explanation - For the purposes of this notification, "authorised dealer" means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999).
2. The notification shall be deemed to have come into force with effect from the 1st day of September, 2019. [Notification No. 80/2019/F. No. 370142/12/2019-TPL (Part 2)] SAURABH GUPTA, Under Secy. (Tax Policy & Legislation Division) Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions