Daily Archives: January 13, 2016

Anonymous donation for religious purposes not taxable if not received with Specific direction

Summary of Decision:- The assessee is established for religious and charitable purposes and the anonymous donation was not received with specific direction that such donation is for any university or other educational institution or any hospital or other medical institution run by the assessee trust. Therefore, the AO was not justified in making the addition… Read More »

SEBI amends delisting of Equity Shares regulations

THE GAZETTE OF INDIA EXTRAORDINARY PART -III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 12, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th of January, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA(DELISTING OF EQUITY SHARES)(AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2015-16/30.-In exercise of the powers conferred by section 31 read with section… Read More »

Twitter account of income tax department is @IncomeTaxIndia

OFFICE MEMORANDUM F.NO.PUB-1(37)/PR,PP&OL/2015-16, DATED 4-1-2016 In recent times, the use of Social Media has become widespread in various organizations including Government Ministries and Departments for public relations and communication. Keeping with the stated endeavour of the Department to induct state-of-the-art and green technology with a user friendly interface, the Department is extending its external communication… Read More »

Notification No.03/2016-Customs

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS)                                                  … Read More »

India- Japan Energy Dialogue

India- Japan Energy Dialogue Held; Both Sides Discusses Wide Range of Issues Related to Energy Sector On the Sidelines of Energy Dialogue, Shri Piyush Goyal to Participate in Five Interactive Sessions Between the Indian and Japanese Companies Shri Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy, Government of India,… Read More »

New skill initiatives for youths in Tourism

M/O Tourism launches new skill initiatives for youths on “National Youth Day” to mark Birth Anniversary of Swami Vivekanand Ministry of Tourism has launched the following new skill initiatives on the occasion of “National Youth Day” to mark the Birth Anniversary of Swami Vivekanand today in order to improve the sectoral service standards, which is… Read More »

Illegal manufacturing of G.I. registered handloom products

Handloom Items registered under the Geographical Indications of Goods (Registration and Protection), Act, 1999. 48 important and traditional handloom products are registered under the Geographical Indications of Goods (Registration and Protection), Act, 1999. The authorized officers of the central and state governments are instructed from time to time to pay special attention to the complaints… Read More »

Medical Technology industry in India is 4th largest in Asia

Science & Technology Minister Dr. Harsh Vardhan Calls for Medical Technology Innovations to be taken Forward as part of the Make-in-India The Union Minister for Science and Technology and Earth Sciences, Dr. Harsh Vardhan has called for various Medical Technology (Med-Tech) Innovations developed by the Department of Biotechnology to be taken forward for Make-in-India. Sharing… Read More »

Inclusive growth high priorities of Government

FM: Inclusive growth is high on the priorities of the present Government; Government will take adequate measures to ensure social security for children, women and senior citizens of the country. The Union Finance Minister Shri Arun Jaitley said that the inclusive growth is high on the priorities of the present Government and the Government will… Read More »

Govt Focus on Governance Reforms in Banking Sector

FM: Government to continue its Focus on Governance Reforms in Banking Sector; Basic Savings Bank Deposit Accounts (BSDAs) picks-up during the year 2015-16 in view of the Government’s initiative under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The Union Finance Minister Shri Arun Jaitley said that there was considerable improvement in the opening of Basic… Read More »

Huge increase in procurement of paddy in current

Huge increase in procurement of paddy in current Kharif Marketing Season Due to joint efforts of the Food Corporation of India (FCI) and State Government Agencies under the close monitoring by Government of India, there is huge increase in procurement of paddy in the current Kharif Marketing Season (KMS), which begun on 1st October, 2015.… Read More »

Self regulation code for industry for redressal of consumer grievances

Self regulation code for industry to be introduced for redressal of consumer grievances Embarking CSR fund for consumer welfare activities proposed The Union Minister of Consumer Affairs,Food and Public Distribution, Shri Ram Vilas Paswan today held a consultation meeting with industry associations- CII, FICCI, ASSOCHAM and PHD Chamber of Commerce and Industry to discuss the… Read More »

Bye election Schedule for UP, MP, Karnataka, Bihar, Telangana, Maharashtra, Punjab and Tripura

Schedule for bye election to fill casual vacancy in the State Legislative Assemblies of Uttar Pradesh, Madhya Pradesh, Karnataka, Bihar, Telangana, Maharashtra, Punjab and Tripura – Regarding. There are following clear vacancies in the State Legislative Assemblies of Uttar Pradesh, Madhya Pradesh, Karnataka, Bihar, Telangana, Maharashtra, Punjab and Tripura: Vacancy in the Legislative Assemblies Sl.… Read More »