Daily Archives: September 15, 2016

No Extension for issuances and full migration to EMV Chip and PIN cards : RBI

By | September 15, 2016

RBI/2016-17/63 DPSS.CO.PD No.812/02.14.003/2016-17 September 15, 2016 All Scheduled Commercial Banks including RRBs/ Co-operative Banks / State Co-operative Banks/ Central Co-operative Banks/ Authorised Card Payment Networks Dear Madam / Sir, Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions – Issuance of EMV Chip and PIN Cards A reference is invited to our… Read More »

CBDT clarifies unconfirmed reports speculating Income Disclosure Scheme (IDS) 2016

By | September 15, 2016

CBDT clarifies unconfirmed reports speculating on the taxpayers’ response to the currently on-going Income Disclosure Scheme (IDS) 2016 Certain sections of the press have been speculating on the taxpayers’ response to the currently on-going Income Disclosure Scheme (IDS) 2016 over the last couple of days. The Central Board of Direct Taxes (CBDT) would like to… Read More »

Exchange Rate of Foreign Currency w.e.f 16.09.2016

By | September 15, 2016

Exchange Rate of Foreign Currency relating to Imported and Export Goods notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.119/2016-CUSTOMS (N.T.), dated 1st September, 2016, except as respects things done… Read More »

Direct Tax Dispute Resolution Scheme can be availed upto 31.12.16 :CBDT

By | September 15, 2016

Direct Tax Dispute Resolution Scheme, 2016 which has come into force from 1st June, 2016, can be availed up to 31st December, 2016. Dated 15.09.2016 Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from… Read More »

IDS Information will not be shown in 26AS or To Assessing Officer

By | September 15, 2016

Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority. The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and… Read More »

Book on Right to Information law and Practice [2016]

By | September 15, 2016

Right to Information law and Practice (English) (Hardcover, N, A) BUY Key Features of Right to Information law and Practice (English) Language: English Binding: Hardcover Publisher: Lexis Nexis Genre: Academic and Professional ISBN: 9789351437451, 9351437450 Edition: 1st Edition 2016, 2016 Pages: 1500 Specifications of Right to Information law and Practice (English) (Hardcover, N, A) BOOK… Read More »

Company Secretarial Practice Manual -Book [ June 2016]

By | September 15, 2016

Company Secretarial Practice Manual (English) (Hardcover, Dr K R Chandratre) BUY Key Features of Company Secretarial Practice Manual (English) Contains commentary with latest case notes on important aspects of the Companies Act, 2013 Updated with the Companies (Amendment) Act, 2015 Explains key compliance requirements relating to Director’s Interests and their Disclosures, Related Party Transactions and… Read More »

Book on The Advocates Act 1961 [June 2016]

By | September 15, 2016

Sanjiva Row’s The Advocates Act, 1961 (English) (Hardcover, Sanjiva Row (Revised by Akshay Sapre)) BUY Key Features of Sanjiva Row’s The Advocates Act, 1961 (English) Language: English Binding: Hardcover Publisher: LexisNexis Genre: Academic and Professional ISBN: 9789350356883, 9350356880 Edition: 9th Edition 2016, June 2016 Pages: 656 Sanjiva Row’s The Advocates Act, 1961 (English) (Hardcover, Sanjiva… Read More »

Handbook for Independent Directors

By | September 15, 2016

Handbook for Independent Directors – upholding the moral compass (English) (Hardcover, Kaushik Dutta) BUY Key Features of Handbook for Independent Directors – upholding the moral compass (English) Language: English Binding: Hardcover Publisher: LexisNexis Genre: Academic and Professional ISBN: 9789350356760, 9350356767 Edition: 2nd Edition 2016, June 2016 Pages: 252 Handbook for Independent Directors – upholding the… Read More »

Book on Companies Act 2013 With Rules and Forms [June 2016]

By | September 15, 2016

LexisNexis The Companies Act, 2013 (With Rules & Forms) Incorporating the Insolvency and Bankruptcy Code, 2016 (English) (Paperback, LexisNexis) BUY Key Features of LexisNexis The Companies Act, 2013 (With Rules & Forms) Incorporating the Insolvency and Bankruptcy Code, 2016 (English) Introduction to the Companies Act, 2013 and Companies Rules, 2014 Quick Reference Tables listing: (1)Provisions… Read More »

Master Circular for Mutual Funds by SEBI : Compilation of all Circulars

By | September 15, 2016

MASTER CIRCULAR SEBI/H0/1MD/DF3/CIR/P/2016/84 Dated: September 14, 2016 All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Sub: Master Circular for Mutual Funds For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time.… Read More »

EPFO clarify levy of Penal Damages in case contributions through Internet Banking

By | September 15, 2016

Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi — 110066 Telephone : 01126172668 Fax : 01126105549 No: Bkg.1(4)2010/Online Remit./Vol-II Dated: 14.09.2016 To, RPFC’s in-charge- of ROs/SROs. Sub: Levy of Penal Damages – Deposit of contributions through Internet Banking. Sir/Madam. Kind attention… Read More »

Taxation of Liquor under MVAT Act-Notification u/s 41(5)

By | September 15, 2016

FINANCE DEPARTMENT Hutatma Rajguru Chowk, Madam Cama Marg, Mantralaya, Mumbai 400 032, dated the 6th September 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1516/CR-99/Taxation-1.—In exercise of the powers conferred by sub-section (5) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby,… Read More »

No TDS on Payment to Tirupati Balaji Mandir U/s. 193 & 194A

By | September 15, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 81/2016 New Delhi, the 9th September, 2016 INCOME-TAX S.O. 2911(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), the Central Government hereby notifies that… Read More »