Category Archives: Notifications

MP Govt : Pay wages by Cheque or in Bank Account : Notification No 474-539-2017-B-XVI  Dated 30th June 2017

Notification No 474-539-2017-B-XVI  Dated 30th June 2017 Madhya Pradesh Govt has made mandatory to pay wages by Cheques or directly into bank account for the employer of any factory or their contractors w.e.f 30.06.2017 vide Notification No 474-539-2017-B-XVI Dated 30th June 2017 Download Notification No 474-539-2017-B-XVI  Dated 30th June 2017

Allowances : 7th Central Pay Commission Approved :- Notification No. 11-1/2016-IC 6th July 2017

Notification No. 11-1/2016-IC Dated 6th July 2017 Government of India accepted the recommendations of Seventh Central Pay Commission on allowances with 34 modifications as specified in Appendix I. The Statement showing the recommendations of the Commission on allowances and the Government’s decision thereon is annexed at Appendix II : Notification No. 11-1/2016-IC Dated 6th July… Read More »

Continuous Listing Requirement – period increased to 4 years – Securities Contracts (Regulation) (Third Amendment) Rules 2017.

Summary  : By Following Notification Govt has amended Proviso to Rule 19A of Securities Contracts (Regulation) Rules, 1957 : Relevant Extract is reproduced below : – [Continuous Listing Requirement. 19A. (1) Every listed company 36[***] shall maintain public shareholding of at least twenty five per cent : Provided that every listed public sector company which has public shareholding below… Read More »

Interest Rate reduced for small saving Schemes from 1st july 2017 to 30th September 2017 -Notification No F.No.01/04/2016-NS Dated 30th June 2017

Interest Rate reduced for small saving Schemes from 1st july 2017 to 30th September 2017 Interest Rate reduced for small saving Schemes vide Notification No F.No.01/04/2016-NS Dated 30th June 2017 Download Notification No F.No.01/04/2016-NS Dated 30th June 2017 Related Post Interest rates for Small Savings Schemes for Q1 FY 2017-18 Interest rates for Small Savings… Read More »

Aadhaar mandatory for Opening Bank Account & for Transactions Above Rs 50000 , Notification

Aadhaar mandatory for Opening Bank Account The government has made quoting of biometric identity number Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of R 50,000 and above. Existing bank account holders have been asked to furnish the Aadhaar number issued by the Unique Identification Authority of India (UIDAI)… Read More »

PAN to be given in Form 26B instead of TAN for refund of TDS on immovable property: CBDT

PAN to be furnished in Form 26B instead of TAN for refund of TDS on immovable property: CBDT MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th June, 2017 G.S.R. 554(E).—In exercise of powers conferred by section 295 of the Income Tax Act, 1961 (43 of 1961) (hereinafter… Read More »

New CII Index Base Year 2001-02 Notified by CBDT for FY 2017-18 onwards – Download print

CII Index / Cost Inflation Index Base Year 2001-02 This notification of CII Index shall come into force with effect from 1st day of April, 2018 and shall accordingly apply to the assessment year 2018-19 and subsequent years. [ Read CII Index of  earlier years i.e from 1981 to 2017 – CII (COST INFLATION INDEX) INCOME… Read More »

Section 10(38) of Income Tax act – New Notification AY 2018-19 equity share not chargeable to STT

CBDT of India has issued new Notification on Section 10(38) of Income Tax act . This notification shall come into force with effect from the 1st day of April, 2018 and shall accordingly apply to assessment year 2018-19 and subsequent assessment years. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New… Read More »

Prevention of Money-laundering Rules Amendment – Notification – PAN / Aadhaar Mandatory

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 : Govt mandates reporting of Aadhaar and PAN to authorities MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 538(E).—In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i), clause (j) and clause (k) of… Read More »

Restrictions on sale of cattle for slaughter – Govt Notification -Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules 2017

Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017. MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE NOTIFICATION New Delhi, the 23rd May, 2017 G.S.R. 494(E).—Whereas the draft Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2016 were published, as required under sub-section (1) of section 38 of the Prevention of Cruelty… Read More »

Insolvency and Bankruptcy Code (Removal of Difficulties) Order 2017.

MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 24th May, 2017 S.O. 1683(E).—Whereas, the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the said Code) received the assent of the President on 28th May, 2016 and was published in the official Gazette on the same date; And, whereas, section 252 of… Read More »

Startup Entity redefined by Govt – Notification

 Startup By following Notification Govt has issued new definition of Start up . For Older Definition of Start up read Notification Dated 17.02.2016 MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 23rd May, 2017 G.S.R. 501 (E).—This notification is being issued in supersession of Gazette Notification No G.S.R.… Read More »

Certain provisions of ‘Insolvency and Bankruptcy Code’ from April 1, 2017

SECTION 1 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 – ACT – ENFORCEMENT OF – NOTIFIED DATE ON WHICH PROVISIONS OF CLAUSE (a) TO (d) OF SECTION 2 OF SAID CODE SHALL COME INTO FORCE NOTIFICATION NO. SO 1570(E) [F.NO.30/7/2016-INSOLVENCY SECTION], DATED 15-5-2017 In exercise of the powers conferred by sub-section (3) of section 1… Read More »

Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018

Press Information Bureau Government of India Ministry of Corporate Affairs 17-May-2017 18:41 IST Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency… Read More »

Target Plus Scheme for exports effected during 01.04.2005 to 31.03.2006 – Notification

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 8th May, 2017 No. 06/2015-2020 S.O. 1448(E).—In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-2020 and in… Read More »

Clarification on Recently Notified Maternity Benefit (Amendment) Act 2017

Press Information Bureau Government of India Ministry of Labour & Employment 08-May-2017 16:46 IST Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crèche… Read More »

Govt Authorized RBI for initiating insolvency resolution process by Banks – Notification

REGD. NO. D. L.-33004/99 THE GAZETTE OF INDIA EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 5th May, 2017 S.O. 1435(E).-In exercise of the powers conferred by Section 35AA of the Banking Regulation Act, 1949 (10 of… Read More »

Aadhaar Mandatory for FAME India Scheme – Notification

MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (Department of Heavy Industry) NOTIFICATION New Delhi, the 25th April, 2017 S.O. 1410(E).- Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly in a… Read More »

Govt. exempts service tax on Pradhan Mantri Vaya Vandana Yojna

Govt. exempts service tax on ‘Pradhan Mantri Vaya Vandana Yojna’ [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 New Delhi, the 4th May, 2017 No. 17/2017-Service Tax G.S.R.….(E).- In exercise of the powers conferred by sub-section (1) of… Read More »

Simple notice to License holder if does not submit EODC / Redemption letter

Circular No. 16/2017-Customs  F. No. 605/85/2016-DBK Government of India Ministry of Finance: Department of Revenue Central Board of Excise & Customs Drawback Division ***** New Delhi, the 2nd May, 2017. To Principal Chief Commissioners/ Principal Directors General Chief Commissioners / Directors General Principal Commissioners & Commissioners all under CBEC Madam/ Sir, Subject: Monitoring of export… Read More »

Rule 21AD and Form No. 10-IB Notified for Startups lower Tax – Section 115BA

MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) Notification No. 36/2017 New Delhi, the 2nd May, 2017 INCOME-TAX S.O. 1381(E).—In exercise of the powers conferred by section 295 read with section 115BA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further… Read More »

Real Estate Act 2016 – Union Territory – Governor to Exercise Powers

MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 2nd May, 2017 S.O.1394(E).—In pursuance of powers conferred under clause (1) of article 239 of the Constitution, the President hereby directs that the powers and the functions of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), other than the powers… Read More »

Real Estate Act 2016 – Delhi -Lieutenant Governor to exercise Power

MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 2nd May, 2017 S.O. 1395(E).— In pursuance of clause (1) of article 239 of the Constitution, the President hereby directs that the powers of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) shall, subject to the control of the President… Read More »

Vehicle for Emergency can use multi coloured red, blue & white light – Govt Notification

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 1st May, 2017 S.O. 1374(E).—In pursuance of powers conferred under sub-rule 4 of rule 108 of the Central Motor Vehicles Rules, 1989, the Central Government hereby specifies that the vehicles on office duty which are designated for the following emergency and disaster management duties may… Read More »

Insurance Ombudsman Rules 2017 – Notified

Insurance Ombudsman Rules 2017. MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 25th April, 2017 G.S.R. 413(E).—Whereas, the draft of certain rules namely, the Insurance Ombudsman Rules, 2016, were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 15th September, 2016 under the notification of… Read More »

DVAT – Date Extended for online return -4 th quarter 2016-17

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF/121-126 Dated: 28/04/2017 CIRCULAR NO. 2 of 2016-17 Sub: Filing of online return for 4th quarter of 2016-17 – extension of period thereof. In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005,… Read More »

Aadhaar for UGC & AICTE Fellowship mandated by Govt of India

MINISTRY OF HUMAN RESOURCE DEVELOPMENT (Department of Higher Education) NOTIFICATION New Delhi, the 26th April , 2017 S.O.1304(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly in a convenient and… Read More »

Rule 59A Inserted by Himachal VAT (Amendment) Rules 2017

Himachal Pradesh Value Added Tax (Amendment) Rules, 2017  Insertion of rule 59A and Form VAT VIA & VAT VIB NOTIFICATION – F.NO.EXN-F(10)-21/2016, DATED 31-1-2017 In exercise of the powers conferred by sub-section (1) of section 63 of the Himachal Pradesh Value Added Tax Act, 2005 (Act No. 12 of 2005), the Governor of Himachal Pradesh,… Read More »

CBDT notifies rule 17CB for taxation of accreted income of trust u/s 115TD

CBDT notifies rule for taxation of accreted income of trust u/s 115TD MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st April, 2017 INCOME-TAX G.S.R.399(E).– In exercise of the powers conferred by section 295 read with section 115TD of the Income-tax Act, 1961 (43 of 1961), the Central… Read More »