Govt. notified International Exchanges of Permissible Jurisdiction under Prevention of Money laundering Act.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 28th November, 2019
G.S.R. 882(E).—In exercise of the powers conferred by section 73 read with section 11A and section 12AA of the Prevention of Money-laundering Act, 2002 (15 of 2003) and sub-rule (1) of rule 9 and clause (f) of sub rule (3) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government, hereby notifies the following jurisdictions, namely:-
(i) United States of America
(ii) Japan
(iii) South Korea
(iv) United Kingdom excluding British Overseas Territories
(v) France
(vi) Germany
(vii) Canada
(viii) International Financial Services Centre in India.
[F. No. M-11014/1/2017-ES Cell-DOR]
DINESH BOUDDH, Director
- High Court grants bail to accused of alleged GST evasion of Rs. 120 crores
- TDS u/s 194IC is applicable for payment under JDA to transferor holding leasehold rights
- On invoking Section 69A burden of proof lies on AO to establish source of unexplained money
- When order u/s 263 is quashed, assessment order u/s 143(3) r.w.s. 263 has no legs to stand
- When interest income offered on accrual basis, TDS on maturity can not be disallowed
