"07 December 2016" Archive

Govt to simplify Labour Laws by grouping on functional basis

Ministry has initiated steps for drafting four Labour Laws on Wages; Industrial Relations; Social Security & Welfare; and Safety and Working Conditions...

Read More
Posted Under: Corporate Law |

Tax on Long Term Capital Gain Under Income Tax Act, 1961

The Article Discusses about Tax Treatment of Long Term Capital Gain arising from Transfer of Capital Assets under Income Tax Act, 1961. Articles discusses Meaning of Capital Assets, What Constitutes a Capital and what is not a capital Asset, How to Apply Indexation Provisions, Period for Computation of Long Term Capital Asset, Tax on lon...

Read More

Increase Wages limit to Rs. 25000 for EPF Converge- CBT

Sub-committee of Central Board of Trustees, EPF recommended to Govt to consider increase in wage ceiling under EPFO to Rs. 25000 PM from existing 15000 PM....

Read More
Posted Under: Corporate Law | ,

Due date & Fee for Annual ROC Filing in J&K relaxed

General Circular No. 14/2016 (07/12/2016)

Jammu and Kashmir -Relaxation of additional fees & extension of last date of in filing form MGT-7 (Annual Return) & AOC-4 (Financial Statement) ...

Read More

S. 10(46) CBDT Notifies Petroleum & Natural Gas Regulatory Board

Notification No. 112/2016-Income Tax (07/12/2016)

Central Government hereby notifies for section 10(46) of Income-tax Act, 1961 , Petroleum and Natural Gas Regulatory Boars in respect of following specified incomes...

Read More

Clarification on due date of transfer of shares to IEPF Authority

General Circular No. 15/2016 (07/12/2016)

Various representations have been received from Companies for simplification of transfer process of shares under Investor Education & Protection Fund (Accounting. Audit. Transfer. and Refund) Rules, 2016. notified on 05.09.2016. ...

Read More

9 Government Social Security Scheme for Domestic Workers

9 Schemes, formulated by Govt to give social security cover to unorganized workers, listed in Schedule I of Unorganised Workers’ Social Security Act, 2008 ...

Read More
Posted Under: Corporate Law |

Monitoring, Compliance and Penalty under FATCA

As provided in Rule 1 14G(9), the statement needs to be furnished to the Directorate of Intelligance and Criminal Investigation and the said Directorate has been given the responsibility of ensuring the compliance. The penalty provisions provided in the Income-tax Act, 1961...

Read More
Posted Under: Corporate Law |

Procedure for Furnishing Report under FATCA and CRS

8.1 As per Rule 1 14G(9), the statement in respect of each reportable account needs to be filed by the RFIs to the Director of Income-tax (Intelligence and Criminal Investigation) or Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose...

Read More
Posted Under: Corporate Law |

Reporting under FATCA and CRS by Trust and related issues

7.1 In the case of trust, two situations may arise- a. when a trust is itself a Reporting Financial Institution, or b. when a trust is a NFE that maintains a Financial Account with a Reporting Financial Institution....

Read More
Posted Under: Corporate Law |
Page 1 of 41234