Mode of taking or accepting certain loans, deposits and specified sums and mode of repayment of loans or deposits and specified advances The earlier provisions contained in section 269SS of the Income-tax Act provide that no person shall take from any person any loan or deposit otherwise than by an account payee cheque or account […]
He said, the second significant change is in respect of penalty provisions vide Sections 73, 76 and 78. These provisions have been rationalised and harmonized to encourage voluntary payments. In case of voluntary payments along with interest, the quantum of penalties have been rationalized by reducing the percentage of penalty depending upon the stage of litigation i.e. prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.
Stamp duty in the State of Rajasthan for change in authorized share capital of a company is changed vide Notification ‘F.4 (15)/FD/Tax/2014-60’ dated 14th July 2014 by the Finance (Taxation) Department of the Government of Rajasthan amending the Article 11 part-I of the Schedule of the Rajasthan Stamp Act, 1998. Stamp duty in the […]
LHO, Chandigarh- Tender Notice For Selection And Empanelment Of Chartered Accountant Firms For Outsourcing Of Concurrent Audit At State Bank Of India, Audit Department, 2nd Floor, Sector 17-A, Chandigarh Start Date :30-MAY-2015 – Close Date :10-JUN-2015
BSNL to Launch Free Roaming From 15 June, 2015 Mechanism to Control Call-Drop to be Explored Nation-Wide Mobile Portability by July FDI in Telecom Reaches Highest in Four Year Wi-Fi Hotspots at all Major Tourist Places -Taj to be Inaugurated Shortly Following is the opening statement of Sh. Ravi Shankar Prasad, Minister of Communication & […]
India joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on 3rd June, 2015, in Paris, France, alongwith Australia, Canada, Costa Rica, Indonesia and New Zealand. On our behalf, the Declaration to comply with the provisions of the MCAA was signed by H.E. Mr. Mohan Kumar, Ambassador of the Republic of India to France, in a signing ceremony held in Paris.
On account of unabetting import of areca nut from neighbouring countries originating from countries such as Indonesia and Myanmar taking the advantage of low import duty provided under SAFTA and consequent representations from various stakeholders, the Department of Commerce has decided to increase the Minimum Import Price (MIP) on import of Areca nuts from existing ₹ 110/- per kg. to ₹ 162/- per kg. with immediate effect.
Press Note No. 6 (2015 Series) The Government of India has reviewed the position in this regard and decided to revise the investment limit for cases requiring prior approval of the Foreign Investment Promotion Board (FIPB)/ Cabinet Committee on Economic Affairs (CCEA).
The Government of India has reviewed the FDI policy relating to investments by Non. Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). It has been decided to amend the definition of Non Resident Indian as contained in the FDI policy, and also to provide that for the purposes of FDI policy, investment by NRIs under Schedule 4 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations will be deemed to be domestic investment at par with the investment made by residents.
It operationalises the provisions of Memorandum of Understanding dated 23.10.2010 between India and Bangladesh by facilitating border trade between the two through two new border Haats at Kamalasagar, Tripura on the Indian side and Tarapur Kasba on Bangladesh side.
