Upgrade of Versions of Forms 2,4 & 17 LLP
Version of Forms 2, 4 and 17 LLP are likely to be modified w.e.f 23rd March 2016. All Stakeholders are requested to plan accordingly. Read More
Critical Analysis and over all effect of Interplay between SICA1985 & SARFASI ACT,2002
As in M/S Madras Petrochem Ltd.& Anr vs Bifr & Ors in this case Hon ble Supreme Court decided a interesting questions on the interplay between the Sick Industrial Companies (Special Provisions) Act, 1985 and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and overall position and effect under… Read More
Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17
PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ********* Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified;. Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified today.… Read More
FAQ on Investor Grievances-SCORES
Frequently Asked Questions (FAQ) SCORES SECTION: I (FAQ FOR INVESTORS) Attention: It would be advisable to contact the person or company that is the cause of your complaint directly prior to lodging a complaint in SCORES. 1. Which are the complaints dealt by SEBI? Complaints arising out of issues that are covered under SEBI Act,… Read More
Report of the Committee on Taxation to Examine the Business Models for E-Commerce
A Committee on Taxation of e-commerce was constituted by the Central Board of Direct Taxes to examine the business models for e-commerce, identify the direct tax issues in relation to e-commerce transactions and suggest an approach to deal with these issues. The Committee included officers of the Central Board of Direct Taxes, representatives from the… Read More
New System for MVAT & CST Returns & C form application from April 2016 onwards
Maharashtra Sales Tax Department is making substantial changes in its automation processes relating to taxpayer interface, w.e.f F.Y 2016-17. This is expected to result into significantly more efficiency in the working of the Department, less errors due to minimum human intervention and maximum benefits in relation to time management. The application is being developed on… Read More
Government of india proposed merger of 27 PSBs into 6
Below the name of Public sector Banks with the Anchor Bank (with which other Banks will get merged). 1. State Bank of India (Anchor Bank) State Bank of Hyderabad State Bank of Patiala State Bank of Travancore State Bank of Bikaner & Jaipur State Bank of Mysore 2. Punjab National Bank (Anchor Bank) Oriental Bank… Read More
Highlights of Amendments proposed in Companies (Amendment) Bill 2016
Th Key amendments proposed in the bill are as follows: 1) Appointment of auditors: It has been proposed to do away with the requirements of annual ratification by members with respect to appointment of auditors. Further, under the exisitng provisions, the auditor who has resigned from the company needs to file Form No. ADT-3… Read More
SEBI Circular on Mutual Funds
CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Circular on Mutual Funds A. Consolidated Account Statement: Consolidated Account Statement (CAS), issued to investors in accordance with Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996 and circulars thereof, at present provides information in… Read More
Income-tax (6th Amendment) Rules, 2016
[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 17th March, 2016 S.O. 1146 (E).- In exercise of the powers conferred by section 2, read with section 295 of the Income-tax… Read More
CBDT amends procedure for dealing with remedial action on Revenue Audit Objections
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 17 th March, 2016 Sub: Modification of Instruction No. 9/2006 dealing with remedial action on Revenue Audit Objections not accepted by the Department– reg. The guidelines and procedure for attending to objections raised in the course of… Read More
Implementation of RTI Act, 2005 to be strengthened
Implementation of RTI Act, 2005 to be strengthened DoPT invites views/suggestions by 31st March, 2016 A Committee of Experts consisting of Shri A.N. Tiwari, former Chief Information Commissioner and Dr. M.M. Ansari, former Information Commissioner of Central Information Commission was constituted to recommend, inter-alia, measures to further strengthen implementation of Section 4 of the RTI… Read More
Rate of exchange of conversion of the foreign currency with effect from 18th March, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 41/2016 - Customs (N.T.) New Delhi, dated the 17th March, 2016 27 Phalguna, 1937 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification… Read More
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