Income-tax (8th Amendment) Rules, 2020

Income-tax (8th Amendment) Rules, 2020 has altered the Form for application and procedure for an assessee, resident in India to invoke mutual agreement procedure provided for in agreements with other countries or specified territories.

CBIC Amends the special procedure for corporate debtors

The Central Board of Indirect Taxes vide notification dated 5th May, 2020 has has amended the prior notification of the Government of India dated the 21st March, 2020 to mandate registration of the class of persons mentioned in the prior notification.

Ministry of Home Affairs bars travel by overseas citizens of India

The Ministry of Home Affairs in its press release dated 5th May 2020 has issued an order specifying that all existing visas granted to foreigners including multiple entry-life long visas given to overseas citizens of India cardholders shall be suspended until the ban on international air travel to and from India is lifted.

DGFT bans export of alcohol-based hand sanitizers

The Directorate General of Foreign Trade vide its notification dated 6th May 2020 has banned export of alcohol-based hand sanitizers to boost its availability in the domestic market amid the Covid-19 pandemic.