"15 September 2016" Archive

Good response to Income Disclosure Scheme 2016: CBDT

The CBDT has so far refrained from issuing any statement regarding number of declarations received, amounts declared or taxes paid under the Scheme in order to ensure complete confidentiality. The confidential handling of declarations made under the Scheme is of utmost importance to the Income Tax Department and the CBDT is aware of its r...

Posted Under: Income Tax |

IDS 2016 receipt counter to remain open on 30.09.2016 till midnight

F. No. 225/233/2016-ITA II 15/09/2016

In order to facilitate filing of declarations under Income Declaration Scheme 2016 even after office hours, Pr.CCs.I.T. are instructed to ensure that counters for receiving declarations under I.D.S., 2016 remain open till midnight of 30th September, 2016 in all jurisdictions....

Notification No. 82/2016-Income Tax Dated 15.09.2016

Notification No. 82/2016-Income Tax 15/09/2016

Central Government hereby rescinds the notification of the Government of India, Ministry of Finance, Department of Revenue number 4/2010 dated 28.01.2010 published in the Gazette of India, Part II, Section 3, sub-section (ii) dated 28th of January, 2010 vide S.O. 348 with effect from 1st April, 2007 and shall be deemed that the said notif...

Issuance of Free Sale & Commerce Certificate to Merchant Exporters – reg.

Policy Circular No. 02/2015-2020-DGFT 15/09/2016

Para 2.37 of Hand Book of Procedure, 2015-2020 deals with the issue of Free Sale & Commerce Certificate by Regional Authorities to exporters / merchants. As certain doubts have arisen in the Proforma of the certificate, it is clarified that the exporter has to indicate the details of the manufacturer or the exporter (if he himself is not ...

Rate of exchange of conversion of foreign currency WEF 02.09.2016

Notification No. 121/2016-Customs (N.T.) 15/09/2016

CBEC determines rate of exchange of conversion of each of the foreign currencies, into Indian currency or vice versa, with effect from 16th September, 2016,...

Notification No. 120/2016-Customs (N.T.) Dated-15.09.2016

Notification No. 120/2016-Customs (N.T.) 15/09/2016

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 120/2016-Customs (N.T.) New Delhi, 15th September, 2016 S.O.2945 (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Custom...

Third Party Certification in Haryana by Practising Company Secretary

Government of Haryana formulated the scheme of Third Party Certification vide its Notification No.11/38/2016-4Lab dated 10th August, 2016. The said scheme can be certified only by Compliance Auditor. Compliance Auditor are 1) The Practising Company Secretary, who is a member of the Institute of Company Secretaries of India as per Section ...

Posted Under: Income Tax |

How to Identify A Reliable Financial Advisor?

How do you determine that your financial expert is actually providing you with genuine or fake advice? Can you easily trust any financial advice that you get? Are you sure, whether the financial advice you have received, will fill your pockets or your advisor’s? There are a few questions that one must address, before going […]...

Posted Under: Income Tax |

MCA notifies further sections to plug in missing gaps on NCLT’s power

MCA vide its Notification dated 9th September, 2016,has enforced few more sections of the Companies Act, 2013. It is pertinent to note here that considering the MCA Notification dated 1st June, 2016[2], it seems that the current Notification has been brought in order to plug the missing gaps left after the June Notification. ...

Posted Under: Income Tax |

Father-in-law is liable to maintain widowed daughter-in-law to the extent of share of her late husband in coparcenary property

Mithai Lal S/o Vs Premlata Sahu W/o & others (Chhattisgarh High Court)

This appeal under Section 19(1) of the Family Courts Act, 1984 has been preferred by the appellant, father-in-law of respondent No. 1 and grand-father of respondents 2 and 3. The trial Court has granted a decree of maintenance in favour of the respondents directing the appellant to pay maintenance amount of Rs. 2000/- per month to the dau...

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