Daily Archives: May 26, 2016

Krishi Kalyan Cess Accounting code for payment notified

By | May 26, 2016

Krishi Kalyan Cess Accounting code  notified by Govt as per Following Circular : 507-Krishi Kalyan Cess Circular No. 194/04/2016-ST F. No. 354/31/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Dated the 26th May, 2016. To Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief Commissioners of Central Excise &… Read More »

No disallowance of section 40(a)(i) if Non resident has no permanent establishment in India

By | May 26, 2016

Issue The assessee is supplying software related services and in this connection has made payment of communication charges, commission charges, legal and professional charges, marketing & selling charges and business development charges. These payments were made to various entities abroad and some of which are associated concerns of the assessee company. It was also noted… Read More »

services provided by Govt or local authority to business entity

By | May 26, 2016

Clarification w.r.t. exemption for services provided by Government or a local authority to a business entity Central Government vide Notification No. 07/2016-ST had inserted a new entry no. 48 in the Mega Exemption Notification that ‘any services provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh… Read More »

Guidelines for Central Govt advertisements on websites

By | May 26, 2016

I&B Ministry frames Policy guidelines for Central Government advertisements on websites In a major policy initiative concerning Central Government advertisements on online platform, the Ministry of Information & Broadcasting has framed guidelines and criteria for Empanelment of suitable agencies and Rate fixation for advertisements on websites. The aim of the guidelines is to devise principles… Read More »

wilful defaulter :Substantial Acquisition of Shares and Takeovers

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (SECONDAMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/002.─ In exercise of the powers conferred under section 30 of the Securities and Exchange Board of… Read More »

wilful defaulter :Issue and Listing of Debt Securities

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/004.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India… Read More »

SEBI Listing Obligations and Disclosure Requirements (Amendment) Regulations 2016

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/001.─ In exercise of the powers conferred by section 11, sub section (2) of section 11A and section… Read More »

Wilful defaulter dislcosure in case Non-Convertible Redeemable Preference Shares

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/005.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board… Read More »

wilful defaulter : Disclosure in Part G in case of Right issue

By | May 26, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/003.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of… Read More »

wilful defaulter defined by SEBI

By | May 26, 2016

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/006 .─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further… Read More »

Cancel an SRN on MCA website : Procedure

By | May 26, 2016

PRESS RELEASE, DATED 19-4-2016 Stakeholders are requested to make note of the following common queries. Stakeholders are also requested not to raise duplicate Helpdesk tickets. 1. Which eforms can I file as attachments with GNL-2? Annual filing eforms under the Companies Act, 1956 viz. 23AC/ACA, 23AC/ACA-XBRL, 20-B, 21-A, Form 66, I-XBRL, A-XBRL, 23B, 23C and… Read More »

100% provisional refund under Gujarat VAT upto Rs 1 Lakh

By | May 26, 2016

NOTIFICATION  Finance Department Sachivalaya, Gandhinager. Dated the 25th May, 2016 No. (GHN-34) VAR-2016(38)/TH – WHEREAS the Government of Gujarat is satisfied that circumstances exist which render it necessary to take immediate action to make rules and to dispense with the previous publication thereof under the proviso to sub-section (4) of section 98 of the Gujarat… Read More »

Caution List of Service Providers (Outsourcing Entities) :IRDA

By | May 26, 2016

In pursuance to the Final Order No. IRDA/LIFE/ORD/MISC/267/12/2014 dated 1st December, 2014 in the matter of Future Generali India Life Insurance Co. Ltd., while conducting an audit by an independent Chartered Accountant firm (Verma Mehta & Associates, Mumbai) into the outsourcing arrangements and the structure/shareholding pattern/composition and existence of all the outsourced entities, it was… Read More »

TDS on Commission / brokerage-Section 194H

By | May 26, 2016

TDS on Commission or TDS on brokerage Provision regarding TDS on Commission or brokerage is provided in Section 194H of Income tax Act After Finance Act 2016 BUY Salient Features of  TDS on Commission or TDS on brokerage Threshold limit for TDS on Commission or TDS on brokerage under Section 194H of Income Tax Act… Read More »

Thermal power development in India : Japan- India MOU

By | May 26, 2016

Cabinet gives ex-post facto approval to the MOU between India and Japan for promoting sustainable, stable and low-carbon thermal power development in India The Union Cabinet chaired by Prime Minister Shri Narendra Modi today granted ex-post facto approval to the MOU between India and Japan for promoting sustainable, stable and low-carbon thermal power development in… Read More »

e-Archive website and the e-Learning portal of WCD Ministry

By | May 26, 2016

Ministry of Women and Child Development 25.05.2016 Smt. Maneka Sanjay Gandhi inaugurates the e-Archive website and the e-Learning portal of WCD Ministry  Under the Digital India Programme, the Hon’ble Union Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi today launched two websites www.nipccd-earchive.wcd.nic.in and www.nipccd-elearning.wcd.nic.in of the WCD Ministry. These websites are developed… Read More »

Cancellation of PRS Counter Tickets through IRCTC website

By | May 26, 2016

CANCELLATION OF PRS COUNTER TICKETS (FULLY CONFIRMED/RAC/WAITLISTED) THROUGH IRCTC WEBSITE OR THROUGH 139  Purpose: –   To facilitate passengers with PRS counter tickets to cancel their tickets through within the prescribed time limit as per Refund Rule 2015 facility for cancellation of such tickets through IRCTC website (www.irctc.co.in) / 139 (by IVRS and SMS). A… Read More »

e-Governance and E-courts usage started in ITAT

By | May 26, 2016

Dv Sadananda Gowda highlights achievements/initiatives of Ministry of Law & Justice in last two years Union Law & Justice Minister Shri D.V. Sadanada Gowda today addressed  the media here in New Delhi and gave an account of the achievements/initiatives of ministry his ministry  in last two years. Following is the detail of his narrations:  Initiatives… Read More »

E-assessment in Hyderabad and Kolkata during FY 2016-17

By | May 26, 2016

Extension of Scheme for E-assessment to Hyderabad and Kolkata during the Current Financial Year 2016-17 Paperless assessment/ e-mail based assessment on a pilot basis was commenced in the financial year 2015-16 in non-corporate charges of five cities i.e. Ahmedabad, Bangalore, Chennai, Delhi and Mumbai. The e-mail based assessment scheme has now been extended to two… Read More »

Bharatavani Portal : Largest Online Repository of Dictionaries in India

By | May 26, 2016

Union HRD Minister Launches Bharatavani Portal Bharatavani Becomes the Largest Online Repository of Dictionaries in India on its Very First Day  The Union HRD Minister, Smt Smriti Zubin Iani launched the multilingual knowledge portal www.bharatvani.in  at Lucknow on 25.05.2016. While launching the app the Minister said that under the Prime Minister Shri Modi’s Digital India Mission,… Read More »