Daily Archives: June 7, 2016

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

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 »

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

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 »

Corrigendum to Income Tax Notification No. 33/2016

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

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 »