"March, 2017" Archive - Page 3

Empanelment of following officers for promotion to CIT grade

F.No.18/9/2017-EO(SM.II) (31/03/2017)

Empanelment of the following officers for promotion to the grade of Chief Commissioner of Income Tax in the pay scale of Rs.75500-80000/- (pre-revised) for the panel year 2016-17 e.f. the date of assumption of the charge of the post and until further orders:...

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RBI decides to permit banks to issue Perpetual Debt Instruments

In connection with developing the market for rupee denominated bonds overseas, RBI decides to permit banks to issue Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital and debt capital instruments qualifying for inclusion as Tier 2 capital, by way of rupee denominated bonds overseas. ...

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Posted Under: Income Tax |

Function of Registrar U/s. 55 (1) of C.G. Co-operative Societies Act, 1960 is legislative

P.N. Upadhyay, Vs State of Chhattisgarh, (Chhattisgarh High Court)

Excellent question that emanates for consideration is nature of Rule making function exercised by the Registrar under Section 55(1) of the Act of 1960 whether it is legislative or administrative in nature and scope of interference by this Court in that function....

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18 Banking Ombudsmen across India to receive complaints related to Loans and Advances

Reserve Bank of India (RBI) has informed that 18 Offices of Banking Ombudsmen situated across India, receive complaints with regard to Loans and Advances. ...

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Posted Under: Income Tax |

Income Tax Section codes for 26A/27BA

SECTION CODES OF NON DEDUCTION For Non-Deduction File-F.Y 2016-17 Onwards Section under which tax was deductible Form Type 192 24Q & 26Q 193 24Q & 26Q 194 24Q & 26Q 194BB 24Q & 26Q 194EE 24Q & 26Q 194LA 24Q & 26Q 194A 24Q & 26Q 194B 24Q & 26Q 194C 24Q & 26Q 194D […]...

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Posted Under: Income Tax |

IBBI notifies Corporate Voluntary Liquidation Process Regulations

The regulations provide the process from initiation of voluntary liquidation of a corporate person - companies, limited liability partnerships and any other persons incorporated with limited liability - till its dissolution....

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Posted Under: Income Tax |

Kapol Co-operative Bank under RBI Scanner; Withdrawal restricted to Rs. 3000

Press Release : 2016-2017/2631 (31/03/2017)

The Kapol Co-operative Bank Ltd will, without prior approval in writing from the Reserve Bank, also not able to grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and ...

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CBDT notifies new Income Tax Return Forms for AY 2017-18

CBDT has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2017-18. One of the major reforms made in the notified ITR Forms is the designing of a one page simplified ITR Form-1(Sahaj). ...

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Posted Under: Income Tax |

IBBI (Information Utilities) Regulations, 2017

Notification No. IBBI/2016-17/GN/REG009 (31/03/2017)

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. (2) These Regulations shall come into force on 1st April, 2017....

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PMGKY deceleration filing due date extended to 10th April 2017

Circular No. 12/2017-Income Tax (31/03/2017)

CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under Scheme, in banks by closing hours of 31st March, 2017, he shall be allowed to file declaration in Form 1 under PMGKY Scheme by 10th of April, 2017....

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