Daily Archives: May 25, 2016

Delhi vat 4th Quarter return FY 2015-16 Extended

By | May 25, 2016

Delhi Value Added Tax Rules, 2005 CIRCULAR NO.07 OF 2016-17 [NO.F.7 (420)/VAT/POLICY/2011/PF/264-269], DATED 23-5-2016 In partial modification to this department’s Circular No. 05 of 2016-17 on the subject cited above and in exercise of the powers conferred under rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S. Yadav, Commissioner, Value Added Tax,… Read More »

Share Transfer to Non resident : RBI Relaxes Payment norms under FEMA

By | May 25, 2016

NOTIFICATION NO.FEMA.368/2016-RB/GSR 537(E), DATED 20-5-2016 In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a… Read More »

CSR activities through Trust, Sec 8 companies,society allowed

By | May 25, 2016

Amendment in Companies (Corporate Social Responsibility Policy) Rules, 2014 NOTIFICATION NO. GSR 540(E) [F.NO.05/12/2016-CSR-CELL], DATED 23-5-2016 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate… Read More »

Jurisdiction for making declaration under Income Declaration Scheme 2016

By | May 25, 2016

Circular No.19/2O16 F.No I87 / 10 / 20 16.ITA.I Government of India Ministry of Finance Department of Revenue  Central Board of Direct Taxes (Income-Tax) New Delhi, the 25th’ May,2016 Income Declaration Scheme, 2016, introduced vide Finance Act, 2016 (28 of 2016 J, provides an opportunity to persons who have not paid full taxes in the… Read More »

TDS on Payment to Contractor : section 194C

By | May 25, 2016

TDS on Payment to Contractor TDS on Payment to Contractor is covered under Section 194C of Income tax act TDS on Payment to Contractor : Salient Features of Section 194C : No TDS on payment to contractor during the course of business of plying, hiring or leasing goods carriages, where such contractor owns 10 or less goods carriages… Read More »

National Capital Goods Policy approved by Govt

By | May 25, 2016

National Capital Goods Policy The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for National Capital Goods Policy. This is first ever policy for Capital Goods sector with a clear objective of increasing production of capital goods from Rs.2,30,000 crore in 2014-15 to Rs.7,50,000 crore in 2025 and raising… Read More »

Juvenile Justice Act 2015 Draft Model Rules released

By | May 25, 2016

Juvenile Justice (Care and Protection of Children) Act, 2015 Smt Maneka Sanjay Gandhi releases Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015 The Union Minister of Women and Child Development, Smt Maneka Sanjay Gandhi released the Draft Model Rules under the Juvenile Justice (Care and Protection of Children) Act, 2015… Read More »

Tax benefits of House in India

By | May 25, 2016

Tax benefits of House 1.  Tax benefits of House : Capital Gain Exemption in case of purchase of residential on Sale of residential house Section 54 of the Income Tax Act, provide for exemption for long term capital gains . Following are the conditions Exemption to individual or a Hindu undivided family The capital gain arises from… Read More »

Foreign company said to be resident in India

By | May 25, 2016

Foreign company said to be resident in India. Section – 56 of Finance Acts – 2016 Inserted new Chapter XII-BC (Section XII-BC) Section 115JH in Income tax act 1961 relating to Foreign company said to be resident in India. Insertion of new Chapter XII-BC. 56. After Chapter XII-BB of the Income-tax Act, the following Chapter shall be… Read More »

Indore SEZ included at Appendix – 1A & Appendix 6J of Appendices and Aayat Niryat Forms

By | May 25, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 12/2015-2020 NEW DELHI, DATED THE 24 May, 2016 Subject: Amendment in Appendix – 1A and 6J of Appendices and Aayat Niryat Forms of 1-1-1) 2015-20 Jurisdiction of Special Economic Zones under Para.6.34 of Handbook of Procedure… Read More »

Inclusion of Regional Office. Joint DGFT. Rajkot in jurisdiction of Committee on Quality Complaint & Trade Dispute

By | May 25, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 11/2015-2020 NEW DELHI DATED 24, MAY 2016 Subject: Inclusion of Regional Office. Joint DGFT. Rajkot in the jurisdiction of Committee on Quality Complaint & Trade Dispute (CQCTD) in Chapter-8 of Hand Book of Procedures, 2015-2020. In… Read More »

Uniform entrance examination for undergraduate/ post-graduate level

By | May 25, 2016

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 24th May, 2016/Jyaistha 3, 1938 (Saka) THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE, 2016 No. 4 OF 2016 Promulgated by the President in the Sixty-seventh Year of the Republic of India. An Ordinance further to amend the Indian Medical Council Act, 1956. WHEREAS Parliament is not… Read More »

Tax defaulters >Rs 1Cr, name publication in Public Domain

By | May 25, 2016

F.No, 404/02/2011-ITCC Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes * * * New Delhi, the 24th May,2016. To, An Pr. Chief Commissioners of Income Tax/CCsIT All Pr. Director  General of Income Tax/ DGsIT Sir/ Madam, Subject:- Publication of names of Tax defaulters in Public Domain- regarding. Reference is… Read More »

NEET (UG) Exemption for States only for one year

By | May 25, 2016

Shri J P Nadda: Ordinances on NEET (UG) give it firm statutory support and backing to bring in transparency in examinations “Lakhs of students stand benefitted through the Ordinances” “Exemption from NEET (UG) for States only for a year” Union Minister of Health and Family Welfare Shri J P Nadda stated here today that The… Read More »

NEET Ordinance 2016 notification by Govt

By | May 25, 2016

Ministry of Law and justice (legislative Department) New Delhi , the 24th May 2016 THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE 2016 Download the Neet Ordinance on THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE 2016 Ministry of Law and justice (legislative Department) New Delhi , the 24th May 2016 THE DENTISTS (AMENDMENT) ORDINANCE 2016 Download Neet Ordinance Notification  on… Read More »