With respect to validity and renewal of existing Registrations under Foreign Contribution (Regulation) Act, 2010, with the approval of competent authority, exercising the powers vested under Section 50 of FCRA 2010, following have been decided :- (i) To extend the validity of registration certificate of all the associations whose registration certificates are expiring on or before 30th September, 2016 upto 31st October, 2016; and
In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:-
ICAI, has clarified that the applicability of this section on fraud reporting is applicable only to the statutory auditors of the company, the cost accountant in practice, conducting cost audit under section 148 of the Act; and to the company secretary in practice, conducting secretarial audit under Section 204 of the Act. It shall also extend to a branch auditor appointed under Section 139 ‘to the extent it relates to the concerned branch’.
Where a certificate has been purchased on or after the 1st day of April, 2016 the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate. The amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period shall be Rs. 147.6 1for denomination of Rs. 100 and at proportionate rate for any other denomination.
In the Senior Citizen Savings Scheme Rules, 2004, in rule 7, in sub-rule (1), after the fourth proviso, following proviso shall be inserted, namely:-Provided also that in the case of a deposit made under these rules on or after the 1st day of April, 2016, it shall bear at the rate of 8.6 persent per annum from the date of deposit.
In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:-
The Reserve Bank of India today clarified some of the provisions of Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (hereinafter called the Directions) relating to the Marginal Cost of Funds based Lending Rate (MCLR) system which comes into effect on April 01, 2016. The changes are: 1. Fixed Rate Loans As per […]
Tax Calendar for filing of Return And payment of taxes under (MVAT ACT) in the State of Maharashtra 1. MONTHLY Sr. No. Month Due Dat Sr. No. Month Due Date. 1 April 21st May 7 October 21st November 2 May 21st June 8 November 21st December 3 June 21stJuly 9 December 21stJanuary 4 July 21stAugust […]
In the Post Office (Monthly Income Account) Rules, 1987, in rule 8, in sub-rule (1), after clause (l), the following clause shall be inserted, namely: (m) 7.8 per cent. per annum in respect of deposits made on or after the 1st day of April, 2016.
Central Board of Direct Taxes signed 11 unilateral APAs on 28th March, 2016. With this signing, India has entered into 59 bilateral and/or unilateral APAs. 50 of these agreements have been signed in the current financial year. The agreements cover a range of international transactions, including corporate guarantees, royalty, software development services, IT enabled services and trading.
