CBDT issues Income-tax (7th Amendment) Rules, 2020

The Central Board of Direct Taxes vide notification dated 5th March, 2020 has issued The Income-tax (7th Amendment) Rules, 2020. The amendment has added a new form of investment to the list under Rule 17C which provide the Forms or modes of investment or deposits by a charitable or religious trust or institution which is granted tax exemption.

Registration of New Public & Private Limited Companies for EPFO & ESIC now on MCA Portal

The Ministry of Labour & Employment on 4th March 2020, in its news highlights, has issued an intergrated process for registration of GST, EPFO, ESIC and Profession Tax for Maharashtra during company incorporation with the MCA. Registration for EPFO & ESIC for new Public & Private Limited Companies and One Person Company has been stopped on Shram Suvidha Portal from 15.02.2020.

The Ministry of Health and Family Welfare has introduced The Medical Termination of Pregnancy (Amendment) Bill, 2020

The Minister of Health and Family has introduced The Medical Termination of Pregnancy (Amendment) Bill, 2020 in Lok Sabha on 2nd March 2020 which seeks to amend section 3 of Medical Termination of Pregnancy Act, 1971 to extend the upper limit for medical termination pregnancy to 24 weeks from the present stipulated of 20 weeks for certain category of women which may be prescribed by the central government.