"23 December 2016" Archive

2nd FAQs on Direct Tax Dispute Resolution Scheme, 2016

Circular No. 42 of 2016 (23/12/2016)

Further queries have been received from the field authorities and other stakeholders on Direct Tax Dispute Resolution Scheme, 2016. The Central Government has considered the queries and decided to clarify the same in the form of questions and answers as follows.-...

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Avoid unauthorised discussion on official matters on social Media: CBDT

FTS-300318193/2016 (23/12/2016)

Specific officers are authorized for posting information on these social media platforms on behalf of the Income Tax Department. Unauthorised / unofficial circulation of minutes of meetings, official discussions of any kind on social media must be avoided at all costs....

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Forms PAS-4 and PAS-5 shall be filed with SEBI in soft copy in PDF Format

Circular No. SEBI/HO/IMD/DF1/CIR/P/2016/140 (23/12/2016)

It has been decided that with immediate effect, Forms PAS-4 and PAS-5 shall be filed with SEBI in soft copy in PDF Format only, in a compact disc....

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Analysis of NCLT (Amendment) Rules, 2016

The Central Government vide notification dated 1st June, 2016[1], constituted the National Company Law Tribunal and National Company Law Appellate Tribunal.....

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Posted Under: Income Tax |

Step taken to benefit citizens of India applying for a passport

In order to streamline, liberalize and ease process of issue of passport, Ministry of External Affairs has taken a number of steps in realm of passport policy which is expected to benefit citizens of India applying for a passport....

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Posted Under: Income Tax |

Make in India ‘Port and Shipping Sector’- Achievement Report

The Indian maritime industry is an integral part of the country’s trade and commerce. It supports 90% of India’s trade by volume. India’s has a coastline of 7,517 kms with potentially navigable waterways of 14,500 kms. 12 major and 200 non-major ports are dotted along the coast....

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Posted Under: Income Tax |

Make in India ‘Leather Sector’- Achievement Report

The Indian leather industry enjoys a predominant place in the Indian economy and has been a major contributor to export earnings. India has an abundance of raw materials with access to 20% of world’s cattle and buffalo and 11% of the world’s goat and sheep population....

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Posted Under: Income Tax |

Make in India ‘Skill Development Sector’- Achievement Report

Skills and knowledge are the driving forces of economic growth and social development for any country. India is blessed with 65% percent of its youth in the working age group. As per the National Policy for Skill Development and Entrepreneurship 2015...

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Posted Under: Income Tax |

Reporting of Cash Transactions under Rule 114E: Clarification

Cash transactions did not require aggregation and the reporting requirement under SFT for this purpose is on receipt of cash payment exceeding Rupees two lakh for sale of goods or services per transaction....

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Posted Under: Income Tax |

Citizenship (Amendment) Rules, 2016

Notification No. G.S.R.1168(E) (23/12/2016)

(1) These rules may be called the Citizenship (Amendment) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette....

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