Daily Archives: June 7, 2016

8.1% interest on Special Deposit Scheme for non-Government Provident, Superannuation and Gratuity Funds

By | June 7, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION  New Delhi, the 3rd June, 2016 No. 5(4)-B(PD)/2016.—It is hereby notified that the deposits made under the Special Deposit Scheme for non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F.16 (1)-PD/75 dated 30th June, 1975, shall with… Read More »

Service Tax on Senior Advocate Service : Notifications

By | June 7, 2016

Senior Advocate Service Senior Advocate Service : Meaning of  business entity who receive Advocate services “Explanation III – The business entity located in the taxable territory who is litigant, applicant or petitioner, as the case may be, shall be treated as the person who receives the legal services for the purpose of this notification.”. [NOTIFICATION… Read More »

Business entity to pay 100% service tax on senior advocates services under Reverse Charge

By | June 7, 2016

Seeks to amend notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe extent of payment of service tax by a business entity as a recipient of services provided by senior advocates. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE… Read More »

Business entity to pay service tax on senior advocates Service

By | June 7, 2016

Seeks to amend Service Tax Rules, 1994 so as to specify the business entity as the person liable to service tax in respect of services provided by senior advocates. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No.… Read More »

Corrigendum to Income Tax Notification No. 33/2016

By | June 7, 2016

Corrigendum to Income Tax Notification No. 33/2016 MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM Notification No. 44/2016- Income Tax New Delhi, the 2nd June, 2016 THE INCOME DECLARATION SCHEME, 2016 S.O. 1950(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 33/2016, dated the 19th… Read More »

235 companies violated Deemed public issues rules : SEBI

By | June 7, 2016

PR No. 109/2016 Caution to the Investors Some unlisted companies are luring retail investors by issuing  securities  including non-convertible and convertible debentures/ non-convertible and convertible preference  shares/ equity shares in the garb of private placement,  without  complying with the provisions of Companies Act, 1956 read  with  the Companies Act, 2013, SEBI (Issue and Listing of … Read More »

100 companies in which investor should not invest :SEBI

By | June 7, 2016

PR No. 110/2016 June 06, 2016 SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes… Read More »

CII (Cost Inflation Index) for FY 2016-17 notified by CBDT

By | June 7, 2016

CBDT has notified CII (Cost Inflation Index ) for Financial Year 2016-17 (Assessment Year 2017-18 ) at 1125 Read New CII Index Base Year 2001-02 Notified by CBDT for FY 2017-18 onwards MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 42/2016 New Delhi, the 2nd June, 2016 S.O.1948(E).—In exercise of the… Read More »