"09 December 2016" Archive

Promotion of IRS Officers to Post of Joint CsIT- Order No. 198 of 2016

Order No. 198 of 2016 (09/12/2016)

The President Is pleased to extend the ad-hoc appointment of the following IRS officers to the grade of Joint Commissioner of Income Tax upto 31.12.2016:-...

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Committee on Digital Payments submit its report to Finance Minister

Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog submits its Final Report to Union Finance Minister ...

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Posted Under: Income Tax |

Key Changes of IRDAI (Health Insurance) Regulations, 2016

Under Health plus Life Combi Product, Combination of any Life Insurance cover offered by a life insurer and a Health Insurance cover offered by General Insurer or Health Insurer is allowed....

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Posted Under: Income Tax |

MCA notifies 6th tranche of 22 Sections under Bankruptcy Code

Notification No. S.O. 3687(E) (09/12/2016)

Central Govt appoints 15.12.2016 as the date on which provisions of section 33 to section 54 of Insolvency and Bankruptcy Code, 2016 shall come into force....

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Prepaid Payment Instrument issuers to get Technical Audit done: RBI

RBI/2016-17/178 DPSS.CO.OSD.No.1485/06.08.005/2016-17 (09/12/2016)

All authorised entities/banks issuing PPIs in the country are advised to: i. carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis and take immediate steps thereafter to comply with the findings of the audit report...

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Growth in Direct / Indirect Tax Collections up to November, 2016

Direct Tax Collections up to November, 2016 show net collections at Rs. 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year;...

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Posted Under: Income Tax |

Revised Procedure to tender & settle shares through Stock Exchange

Circular No. CFD/DCR2/CIR/P/2016/131 (09/12/2016)

Under revised procedure transfer of shares of shareholders under tender offers would be made directly to account maintained by clearing corporation. ...

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MCA achievements for the month of November, 2016

The Ministry, vide notification no. S.R. 1049(E) dated 07.11.2016, has amended Companies (Registration Offices and Fees) Rules, 2014, allowing certification of AOC-4 by Company Secretaries and Cost Accountants also in addition to Chartered Accountants....

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Posted Under: Income Tax |

BCAS Free e-book on Rules of Interpretation of Tax Laws

Advocate N. M. Ranka 1. Introduction: No enactment has been enacted by the Legislature for Interpretation of Statues including on Tax Laws. However, in many an acts, definition clause is inserted to mean a ‘word’ or ‘expression’. Explanations and Provisos are inserted to expand or curtail. No codified rules have been made by the r...

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Reliance JIO – 4 cases with CCI – Monopoly by Cellular Service Providers

The Competition Commission of India (CCI) has registered four cases against cellular service providers alleging violation of Section 3 and 4 of the Competition Act, 2002 as follows: -...

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Posted Under: Income Tax |