Daily Archives: May 6, 2016

Rectification Request for Income Tax Return

Rectification Request for Income Tax Return Rectification request can be filed u/s 154 of the Income Tax Act by the taxpayer in case of any mistake apparent from the record. To file your Rectification, you should be a registered user in e-Filing application. Below listed e the steps to file Rectification. Step 1 – Login… Read More »

Revised ANF 5A, ANF 5B, ANF 5C and Appendix 5C & Aayat Niryat Forms of FTP 2015-20

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART – I SECTION – I) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 08/2015-2020 New Delhi: 06 May, 2016 Subject: Amendment in ANF-5A [Application for issue of EPCG Authorisation]; ANF 5B [Application for redemption… Read More »

Companies (Auditor’s Report) Order, 2016

Companies (Auditor`s Report) Order, 2016 NOTIFICATION NO. SO 1228(E)[F.NO.17/45/2015-CL-V], DATED 29-3-2016 In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013) and in supersession of the Companies (Auditor’s Report) Order, 2015 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), vide… Read More »


COMPANIES (ADJUDICATION OF PENALTIES) RULES, 2014 NOTIFICATION NO. GSR 254(E)[F.NO.1/25/2013-CL-V], DATED 31-3-2014 In exercise of the powers conferred by section 454 read with section 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:— Short title and commencement 1. (1) These rules may be called the Companies (Adjudication of Penalties)… Read More »


COMPANIES (ACCOUNTS) RULES, 2014 NOTIFICATION NO. GSR 239 (E) [F.NO.1/19/2013-CL-V], DATED 31-3-2014 In exercise of the powers conferred under sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of… Read More »


NIDHI RULES 2014 NOTIFICATION NO. GSR 258(E) [F.NO.01/24/2013-CL-V], DATED 31-3-2014 In exercise of the powers conferred under sub-section (1) of Section 406 read with sub-sections (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:— Short title and commencement 1. (1) These Rules may be called… Read More »

Category: RBI

Guidelines for Nuclear Transfers (Exports)

THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] DEPARTMENT OF ATOMIC ENERGY RESOLUTION Mumbai, the 28th April, 2016 Subject: Guidelines for Nuclear Transfers (Exports) No.32/02/2016-ER.—Under the provisions contained in clause (f) and (g) of Sub-Section (1) of Section 2 and Section 3 of the Atomic Energy Act, 1962 (No.33 of 1962), the Department of… Read More »

Family planning measures in India

Family planning measures Government has recognized following contraceptives for promoting family planning measures under the National Family Planning Program: Condoms Oral Contraceptive Pills Intrauterine Contraceptive Device (IUCD) Injectable Contraceptive DMPA Male Sterilization Female Sterilization The implementation status of family planning measures in the country is placed below:  Implementation status of family planning measures in the… Read More »

E-health initiatives of indian Govt

E-health initiatives While Health is a State subject, the Central Government supplements the efforts of the State Government for improving healthcare and creating awareness in the society. Government of India has also launched National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) with a focus on awareness generation for behaviour… Read More »

Rashtriya Swasthya Bima Yojana

Health insurance As per latest data report of National Sample Survey Office (NSSO) on Health and Morbidity known as “Social Consumption on Health” conducted during NSS 71st round                   (January, 2014 – June, 2014), percentage of persons having covered under any health insurance scheme is 14.1% in rural areas and 18.1% in urban areas. As per… Read More »

100 per cent digitization of ration cards

100 per cent digitization of ration cards The entre ration card database in all the States/UTs has been digitised. This information was given by the Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan in a written reply in Rajya Sabha today. The Minister said that for bringing transparency and to check… Read More »

Currency Distribution & Exchange Scheme of RBI

RBI/2015-16/393 DCM (CC) No.G-10/3352/03.41.01/2015-16 May 05, 2016 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Currency Distribution & Exchange Scheme (CDES) for bank branches based on performance in rendering customer service to the members of public Please refer to our Circular DCM (CC) No.4846/03.41.01/2014-15 dated May 21, 2015… Read More »

Regulated entities to trade in interest rate swaps (IRS) on electronic trading platforms

RBI/2015-16/392 FMRD.DIRD.No.9/14.03.01/2015-16 May 5, 2016 All Market Participants Dear Madam/Sir, Transactions in derivatives by regulated institutional entities on electronic platforms A reference is invited to para 37 of the First Bi-monthly Monetary Policy Statement announced on April 5, 2016, in terms of which, it was proposed to review the existing guidelines on OTC derivatives in… Read More »

Special Agriculture Credit Plan (SACP) Statement Discontinued :RBI

RBI/2015-16/391 FIDD. No. FSD. BC.24/05.05.014/2015-16 May 5, 2016 The Chairman/ Managing Director / Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Madam / Dear Sir, Discontinuation of Statements on Special Agriculture Credit Plan (SACP) In order to monitor and augment the flow of credit to Agriculture, Special Agriculture Credit Plans (SACP) were… Read More »

Deposits regulations between resident in India & outside India

RBI/2015-16/390 A.P. (DIR Series) Circular No. 67/2015-16 [(1)/5(R)] May 05, 2016 To All Category – I Authorised Dealers and Authorised Banks Madam/Sir Foreign Exchange Management (Deposit) Regulations, 2016 Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of… Read More »

Govt dismissed non performing officers

Government takes strict action against defaulting/non performing tax officials/officers; For the First Time, 33 officials/officers including 7 Group ‘A’ officers prematurely retired for non-performance and 72 officers/officials including 6 Group ‘A’ Officers dismissed in other departmental / disciplinary actions in the last two years. There is a general perception that no action is taken against… Read More »

Gain from unlisted shares taxable under capital gain irrespective of period of holding

In order to bring about certainty and predictability regarding taxability of income arising from transfer of shares, CBDT gives directions to its field formations that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head ‘Capital Gain’ except in certain circumstances.   Central Board of Direct… Read More »