CBDT grandfathers treaty benefits with Mauritius, 2 more nations, ET LegalWorld
The income tax department has come out with a fresh guidance note on applicability of Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively. The Central Board of Direct Taxes (CBDT) in its guidance note on PPT also clarified that the grandfathering provisions under the India-Cyprus DTAA, India-Mauritius DTAA and India-Singapore […]
Public Law 118 – 114 – Restoring Benefits to Defrauded Veterans Act
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Public Law 118 – 67 – An act to authorize appropriations for the United States Fire Administration and firefighter assistance grant programs, to advance the benefits of nuclear energy, and for other purposes.
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All high court judges are entitled to equal benefits, Legal News, ET LegalWorld
SC on Tuesday said the high court judges recruited from the district judiciary would be entitled to same benefits including pension, at par with judges elevated from the bar. A bench of Chief Justice of India D Y Chandrachud and Justice J B Pardiwala and Manoj Misra said the sources from which the high court […]
Experts see potential benefits but highlight risks of complexity and costs in draft arbitration bill, 2024, ET LegalWorld
The Union Government has invited comments on the draft Arbitration and Conciliation (Amendment) Bill, 2024. The Law and Justice Ministry said the government has taken several steps to strengthen the dispute resolution environment in the country and to promote ease of doing business. The Ministry said the Department of Legal Affairs is presently in the […]
Registration-cum-membership certificate not mandatory for exporters to seek scheme benefits: DGFT, ET LegalWorld
The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to avail benefits under the policy. Holding the certificate can also […]
Public Law 118 – 18 – An act to amend title 38, United States Code, to strengthen benefits for children of Vietnam veterans born with spina bifida, and for other purposes.
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Public Law 118 – 82 – Veterans Benefits Continuity and Accountability Supplemental Appropriations Act, 2024
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Govt extends export benefits under RoDTEP till Sep 2025, Legal News, ET LegalWorld
The government on Monday extended benefits under the RoDTEP scheme for exports made from domestic tariff area (DTA) units for one year till September 30, 2025. The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of […]
SC bats for promoting comprehensive understanding of sex education’s benefits, ET LegalWorld
Stressing the need to address misconceptions around sexual health, the Supreme Court on Monday said promoting a comprehensive understanding of the benefits of sex education was essential for reducing the incidence of sexual crimes in the country. The apex court said in India, the misconceptions about sex education were widespread and contributed to its limited […]