[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. 23 /2016- Central Excise (N.T.) New Delhi, the 01st April, 2016 G.S.R. (E). - In exercise of the powers conferred by section 37 of the Central Excise Act, 1944… Read More
[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. 25/2016-Central Excise (N.T) New Delhi, the 5th May, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 4A of the Central Excise… Read More
[To be published Section (i)l in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section(i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 06th May, 2016 G.S.R.....(E).- In exercise of the powers conferred by section 399 read with sub-section (1) and (2) of section 469 of the Companies Act, 2013 (18 of… Read More
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 4 (2016 Series) Subject: Policy on foreign investment for Asset Reconstruction Companies- amendment of paragraph 6.2.18.1 of 'Consolidated FDI Policy Circular of 2015' 1.0 Present Position: 1.1 Paragraph 6.2.18.1 of `Consolidated FDI Policy Circular of 2015'', effective from May… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th April, 2016 INCOME-TAX S.O. ___(E).— In exercise of the powers conferred by sections 192, 200 and 206C, read with section 295 of… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th April, 2016 INCOME-TAX S.O. ___(E).— In exercise of the powers conferred by section 35, read with section 295 of the Income-tax Act,… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 5th May, 2016 Subject: Taxability of Income/Loss arising from Transfer of Unlisted Shares-reg. CBDT, vide order dated 2nd May, 2016 has given direction to field formation, with a view to avoid disputes/Litigation and to maintain uniform approach… Read More
RBI/2015-16/390 A.P. (DIR Series) Circular No. 67/2015-16 [(1)/5(R)] May 05, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/Sir Foreign Exchange Management (Deposit) Regulations, 2016 Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs were advised of… Read More
RBI/2015-16/391 FIDD. No. FSD. BC.24/05.05.014/2015-16 May 5, 2016 The Chairman/ Managing Director / Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Madam / Dear Sir, Discontinuation of Statements on Special Agriculture Credit Plan (SACP) In order to monitor and augment the flow of credit to Agriculture, Special Agriculture Credit Plans (SACP) were… Read More
The Central Board of Direct Taxes has issued circular on Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income-tax Act, 1961. Payment of interest on refund under section 244A of excess TDS deposited under section 195 Read More
RBI/2015-16/392 FMRD.DIRD.No.9/14.03.01/2015-16 May 5, 2016 All Market Participants Dear Madam/Sir, Transactions in derivatives by regulated institutional entities on electronic platforms A reference is invited to para 37 of the First Bi-monthly Monetary Policy Statement announced on April 5, 2016, in terms of which, it was proposed to review the existing guidelines on OTC derivatives in… Read More
The issue whether the limitation for penalty proceedings under sections 271D and 271E of the Income-tax Act, 1961, (hereinafter referred to as the Act) is determined under section 275(1)(a) or section 275(1)(c) of the Act, has given rise to considerable litigation. To download the complete notification, please click on the below link: Limitation for penalty… Read More
RBI/2015-16/393 DCM (CC) No.G-10/3352/03.41.01/2015-16 May 05, 2016 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Currency Distribution & Exchange Scheme (CDES) for bank branches based on performance in rendering customer service to the members of public Please refer to our Circular DCM (CC) No.4846/03.41.01/2014-15 dated May 21, 2015… Read More