"April, 2017" Archive - Page 5

Notification No. 35/2017-Income Tax, Dated: 28.04.2017

Notification No. 35/2017-Income Tax (28/04/2017)

S.O. 1359(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Odisha Electricity Regulatory Commission, a commission constituted by the State Government of Odisha, in respect of the following specifi...

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Patent application examination time may reduce to 18 months

Government is taking steps to reduce the patent application examination time to 18 months. IPR enforcement tool kit enables police to beef up govt. machinery to handle infringement issues ...

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Posted Under: Income Tax |

GST: Five States passed SGST Acts till date

DO.No.06/CH(EC)/2017 (28/04/2017)

On the GST front, five States - Telangana, Bihar, Rajasthan, Jharkhand and Chhattisgarh have passed the SGST Acts as on date. The other States are also in the process of calling sessions of the respective legislative assemblies/council for passage of the law. ...

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Misappropriation of fund cannot be ground for cancellation of Trust registration

Vignana Jyothi Vs Director of Income Tax (ITAT Hyderabad)

The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) held that Collection of donation by Educational Institution/ Society is not ‘Capitation Fee. ...

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RBI Guidelines on Merchant Acquisition for Card Transactions

Circular No. DCBR.RAD (PCB/RCB)4/7.12.001/2016-17 RBI/2016-17/296 (28/04/2017)

All co-operative banks not intending to act as Point of Sale (POS) acquiring bank are permitted to deploy third party POS terminals without prior approval of Reserve Bank of India (RBI) subject to the bank fulfilling the following criteria:...

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SEBI Circular on disclosure of executive remuneration by Mutual Funds

Circular No.: SEBI/HO/IMD/DF2/CIR/P/2017/35 (28/04/2017)

This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of regulation 77 of SEBI (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities mar...

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Notification No. 34/2017-Income Tax, Dated: 28.04.2017

Notification No. 34/2017-Income Tax [S.O. 1360(E)] (28/04/2017)

CBDT notifies Shri Ram and Ramdas Swami Samadhi Temple (Mandir) & Ramdas Swami Math at Sajjangad Distt. Satara, Maharashtra, to be place of historic importance and a place of public worship of renown throughout the state of Maharashtra ...

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CBDT notifies National Skill Development Agency U/s. 10(46)

Notification No. 33/2017-Income Tax [S.O. 1361(E)] (28/04/2017)

Section 10(46) of Income Tax Act, 1961-CBDT notifies National Skill Development Agency, a body constituted by the Central Government in respect of the following specified income arising to that body,...

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Import of Calcium Carbide at Nhava Sheva not allowed

Public Notice No. 59/2017-JNCH (28/04/2017)

Since, import of Calcium Carbide at Nhava Sheva is not allowed till amendment in Calcium Carbide Rules, 1987 and inclusion of Nhava Sheva in the specified list under Rule 10 of Calcium Carbide Rules, 1987 is likely to take time, it has been decided that no import of Calcium Carbide will be allowed through JNCH until the rules in this rega...

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Requirement of Net Owned Fund for Asset Reconstruction Companies

RBI/2016-17/295 DNBR. PD (ARC) CC. No. 03/26.03.001/2016-17 (28/04/2017)

No Asset Reconstruction Company shall commence or carry on the business of securitisation or asset reconstruction without having Net Owned Fund (hereinafter referred to as NOF) of not less than Rupees two crore or such other higher amount as the Reserve Bank may, by notification, specify....

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