Daily Archives: February 26, 2016

Procedure for Response to Outstanding Tax Demand

By | February 26, 2016

SECTION 143 OF THE INCOME-TAX ACT, 1961 – ASSESSMENT PROCEDURE FOR RESPONSE TO ARREAR DEMAND BY TAXPAYER AND VERIFICATION AND CORRECTION OF DEMAND BY AOs CIRCULAR NO.8/2015 [F.NO.225/151/2014/ITA.II], DATED 14-5-2015 The CBDT vide instruction No.4 of 2014, dated 7th April, 2014, inter alia, prescribed Standard Operating Procedure for Verification and Correction of Demand available or… Read More »

CBDT System for identification of duplicate PANs

By | February 26, 2016

ITBA-PAN INSTRUCTION NO.3 [F.NO.PDGIT(S)/ADG(S)-1/ITBA-PAN INSTRUCTIONS/0001/2016], DATED 24-2-2016 As per current process, PAN holder who wants to update core field and address details of the PAN allotted to him/her can file request for update through service providers (NSDL/UTIITSL). Details received from SPs in this regard in text file format are now uploaded in the system automatically… Read More »

Policy for Adequate Autonomy to Companies

By | February 26, 2016

Policy for Adequate Autonomy to Companies In its endeavour to ease the process for FDI applications, Government launched a new secured FIPB website namely http://fipb.gov.in in 2015. Website offers increased portfolio services to applicants in an efficient manner and also allows more transparent way of business to keep applicant informed on the current status of… Read More »

Cases reported under Indecent Representation of Women (Prohibition) Act,

By | February 26, 2016

Cases reported under Indecent Representation of Women (Prohibition) Act, 1986 As per the National Crime Records Bureau (NCRB) data which is available upto 2014, a total of 895, 453, 141, 362 and 47 cases were reported in the country under Indecent Representation of Women (Prohibition) Act, 1986 during last five year i.e 2010, 2011,2012, 2013… Read More »

605 Special Courts set up across the country under POCSO Act

By | February 26, 2016

605 Special Courts set up across the country till date under POCSO Act, 2012 45498 cases registered under POCSO Act,2012, from November,2012 till March,2015 As per information available with the National Commission for Protection of Child Rights (NCPCR), 605 Special Courts have been set up across 654 Districts under the Protection of Children from Sexual… Read More »

More than 22000 cases of violation of women’s rights registered

By | February 26, 2016

More than twenty two thousand cases of violation of women’s rights registered with NCW in the year 2015-16 till date The National Commission for Women has reported that they have registered 16584, 22422, 32118 and 22292 cases of violation of women’s rights in 2012-13, 2013-14, 2014-15 and 2015-16 (till date). The highest number of such… Read More »

Revised creche scheme of the Women & Child Development

By | February 26, 2016

The revised crèche scheme of the M/o Women & Child Development being implemented Honorarium of crèche worker and supplementary nutrition for child increased under the new norms The RGN Crèche Scheme (RGNCS) of the Ministry of Women and Child Development has been revised and the revised scheme is being implemented from 01.01.2016. The scheme focuses… Read More »

Reforms in Tax Rates

By | February 26, 2016

Reforms in Tax Rates The details of the tax rates of the major countries of Asia have been taken from the KPMG Report on Global Rates, 2015 and are mentioned below: Country Corporate Individual Income Afghanistan 20 —– Bangladesh 27.5 30 China 25 45 India 34.61 33.91 Japan 33.06 50.84 Kazakhstan 20 10 Malaysia 25… Read More »