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National Small Savings Fund (Custody and Investment) amendment Rules, 2011 – Amendment in rule 9

November 27, 2011 1262 Views 0 comment Print

NOTIFICATION [F.No.1/12/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by clause (1) of article 283 of the Constitution, the President hereby makes the following further amendments in the National Small Savings Fund (Custody and Investment) Rules, 2001, namely:- 1. (1) These rules may be called the National Small Savings Fund (Custody and Investment) Amendment Rules, 2011. (2) They shall come into force on the 1st day of December 2011.

Post Office Time Deposit (Second Amendment) Rules, 2011 – Amendment in Rules 7 and 8

November 27, 2011 2243 Views 0 comment Print

NOTIFICATION [F.No.1/11/2011-NS-II], dated 25-11-2011- 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:-1. (1) These rules may be called the Post Office Time Deposit (Second Amendment) Rules, 2011.

Post Office Savings Account Rules – Interest with effect from 1-12-2011 notified

November 27, 2011 1728 Views 0 comment Print

NOTIFICATION [F.No. 1/10/2011-NS-II], dated 25-11-2011- In pursuance of rule 6 of the Post Office Savings Account Rules, 1981, the Central Government hereby notifies that, with effect from the 1st day of December, 2011, interest on the balance at credit of an account shall be allowed at the rate of four per cent, per annum.

Post Office Recurring Deposits – Interest w.e.f. 1-12-2011 notified

November 27, 2011 8016 Views 0 comment Print

Post Office Recurring Deposit (Second Amendment) Rules, 2011 – Amendment in rules 9. 10, 11, 12 and insertion of tables 44 to 46 NOTIFICATION [F.No. 1/7/2011-NS-II], dated 25-11-2011 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:- 1. (1) These rules may be called the Post Office Recurring Deposit (Second Amendment) Rules, 2011.

NSC – Interest with effect from 1-12-2011 notified

November 27, 2011 4026 Views 0 comment Print

National Savings Certificates (VIII Issue) (Second Amendment Rules, 2011 – Amendment in rules 15 and 16- NOTIFICATION [F.No.1/7/2011-NS-II], dated 25-11-2011 In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National Savings Certificates (VIII Issue) Rules, 1989, namely:- 1. (1) These rules; may be called the National Savings Certificates (VIII Issue) Second Amendment Rules, 2011.

Post Office (Monthly Income Account) Second Amendment Rules, 2011 – Amendment in Rules 8 and 9

November 27, 2011 1601 Views 0 comment Print

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 (Monthly Income Account) Rules, 1987, namely:- 1. (1) These rules may be called the Post Office (Monthly Income Account) Second Amendment Rules, 2011. (2) They shall come into force on the 1st day of December 2011. 2. In the Post Office (Monthly Income Account) Rules, 1987,—

Kisan Vikas Patras – Discontinuance of sale w.e.f. 30-11-2011

November 27, 2011 1037 Views 0 comment Print

It is notified for general information that the sale of Kisan Vikas Patras shall be discontinued with effect from the close of business on Wednesday, the 30th November, 2011.

Small savings schemes – Notified rate of commission for canvassing/securing investment in

November 27, 2011 6952 Views 2 comments Print

The Central Government hereby notifies that the authorised Standardised Agency System (SAS) and Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) agents for canvassing/securing investments in the small savings schemes as per the terms of agreement executed by them under the Standardised Agency System (SAS) and Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) will be paid commission at the rate indicated below:

Commission to a foreign agent without tax deduction for services outside India cannot be disallowed

November 26, 2011 4333 Views 0 comment Print

Dy. CIT VS M/s. Divi’s Laboratories Ltd. (ITAT Hyderabad) – Section 195 of the Act has to be read along with the charging sections 4, 5 and 9 of the Act. One should not read section 195 to mean that the moment there is a remittance; the obligation to deduct TDS automatically arises. If we were to accept such contention, it would mean that on mere payment in India, income would be said to arise or accrue in India.

Mumbai – Fire in local market, many shops gutted

November 26, 2011 510 Views 0 comment Print

Mumbai, Nov 26 A major fire gutted three popular shopping complexes in south Mumbai early Saturday, the fire brigade said. There were no casualties. According to a fire brigade official, the fire broke out around 3.30 a.m. in the Sara-Sahara Mall, barely a stone’s throw away from Mumbai Police Commissionerate at Crawford Market.

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