"27 December 2016" Archive

MIS relating to Tax payments made under IDS 2016

IDS Instruction No.3 (27/12/2016)

Viewing of MIS relating to Tax payments made under IDS 2016 and tax payment and TDS claim matching before issue of Form 4 – enhancements of functionalities - Income Disclosure Scheme, 2016 ...

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9 Major policy initiatives and achievements of MCA in 2016

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules...

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Posted Under: Income Tax |

Applying for Home Loan – Avoid Bad Practices for a High Credit Score

A good credit score is of optimum importance when you apply for a home loan to buy that house you always dreamed of living in. If you want a hassle-free home loan approval, you must have a credit score of 700 and above. ...

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Posted Under: Income Tax |

Find Out your CIBIL Score before Applying for a Home Loan

For every home buyer, the most important thing is to get the home loan application accepted by the lender. But this can be challenging for a person who has a low CIBIL score. And most people learn that after their home loans are rejected....

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Posted Under: Income Tax | ,

Analysis of Delegation of powers to Regional Directors: Companies Act, 2013

Section 458 of Companies Act, 2013 empowers central Government to delegate its powers and functions to Regional Director or Registrar of Companies wherever required....

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Posted Under: Income Tax |

Service tax chargeable on constructed area provided by developers to land owners in lieu of development rights

Whether transaction where Petitioner and his siblings agreed to exchange certain part of undivided share of land with Developer in lieu of constructed area under an Agreement for development, exigible to Service tax?...

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Posted Under: Income Tax |

Guidelines for processing cases of surrender of EPF Exemption

No. C-Ex/32(6)13/Cancellation Order/24832 (27/12/2016)

Guidelines, approved by Central Board of Trustees, EPF on 19.12.2016, for processing cases of surrender of EPF Exemption granted to Establishments, is as under:-...

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FPIs can transact in non-convertible debentures /bonds issued by Indian companies

RBI/2016-17/197 A.P. (DIR Series) Circular No.23 (27/12/2016)

With a view to providing flexibility in regard to the manner in which non-convertible debentures/bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice....

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Power to establish Central database of encumbrances on property rights

Notification No. S.O. 4185(E) (27/12/2016)

S.O. 4185(E).—Reserve Bank may direct the CERSAI to take such steps as deemed necessary to operate the registrations system and to introduce modification or change the system for the purpose of implementing the provisions of the Act;...

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Govt removes Minimum Price on export of potatoes

Notification No. 32/2015-2020 (27/12/2016)

Export of Potatoes, Fresh or Chilled at Serial Number 50A of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted without any Minimum Export Price (MEP)....

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