S.O. 2554(E) -
27/07/2016
In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government hereby, with the concurrence of the Chief Justice of the High Court of Delhi, designates the following Court as Special Court for the purposes of providing speedy trial of offences punishable under the Comp...
G.S.R. 743(E) -
27/07/2016
A natural person shall not be member of more than a One Person Company at any point of time and the said person shall not be a nominee of more than a One Person Company....
F.No. 225/267/2015/ITA.II -
27/07/2016
As you are aware, the assessment proceedings in all cases selected under scrutiny are now to be conducted through e-mail based communications unless the taxpayer concerned himself desires to opts out of the Paperless Assessment Scheme. The assessing officer also can decide to switch over to the manual mode of assessment, after recording r...
Circular No. 28/2016-Income Tax -
27/07/2016
CBDT clarifies that a person born on 1st April would be considered to have attained a particular age on 31st March, the day preceding the anniversary of his birthday. In particular, the question of attainment of age of eligibility for being considered a senior/very senior citizen would therefore be decided on the basis of above criteria....
G.S.R. (E). -
27/07/2016
Provided further that nothing in this rule shall apply in respect of preparation of consolidated financial statements by a company if it meets the following conditions:- it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having b...
Circular No. 196/06/2016-ST -
27/07/2016
Recently, in a case of an assessee whose bank accounts were ordered to he attached without giving any opportunity to them, the Hon'ble Allahabad High Court after a detailed analysis of the legal provisions, observed, inter- alia, that the order directing attachment of the property without waiting for a reply to the show cause notice, and ...
Money management in itself is a task hard enough, and inclusion of your partner in the equation makes it even more complicated. Therefore, rather than being emotional or reactive on money related matters, couples should be clever, calculated and decisive....
Rajeev B. Shah v. ITO (ITAT Mumbai) -
The only issue is that when the assessee is not able to get the title of the flat registered in his name or unable to get the possession of the flat, which is under construction, due to fault of the Builder, the assessee cannot be denied deduction u/s 54F of the Act. ...
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. ...
Notification No. 16/2015-2020-DGFT -
27/07/2016
Import of Unmanbed Aircraft System (UAS)/Unmanned Aerial Vehicle (UAVs)/Remotely Piloted Aircraft (RPAs)/drones is `Restricted'; it would require prior clearance of Directorate General of Civil Aviation (DGCA) and import licence from DGFT....