A reference is invited to paragraph 7.9 of our Master circular DPSS.PD.CO.PPI.No.01/02.14.006/2016-17 dated July 01, 2016 on Issuance and Operations of Prepaid Payment Instrument (PPIs) in India.
Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:‑ (1) These rules may be called the Income-tax (36th Amendment) Rules, 2016.
Finance Minister: There is a need for move towards a mindset of voluntary compliance and payment of legitimate taxes should be considered as part of the process and nobody should think that tax evasion is acceptable;
Section 80-IA(4)(iii) Central Government hereby notifies undertaking from date of commencement of industrial park 5th September, 2010 being developed and being maintained and operated by M/s Devraj Infrastructure Ltd.
e-Form STK —2 prescribed for making application to Registrar of Companies for removal of name of company from register of companies, is under development
1) These rules may be called the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette.
Chit finance is very popular in India, especially with the middle-class businessmen. Such chit fund schemes may be conducted by organised financial institutions or may be unorganised schemes conducted between friends and relatives.
fter the successful launch of GST Portal (gst.gov.in) on 8th, Nov ’2016 the enrolment process of existing taxpayers was started on the same day. GSTN has created a prototype for various return forms
In this case Punjab & Haryana High Court upheld the The law laid down in Visvesvaraya Technological University vs. ACIT 384 ITR 37 (SC) that generation of surplus is not fatal to the grant of exemption under section 10(23C)(vi)(via)/ 80G of Income Tax Act, 1961 if such surplus is utilized for charitable purposes. In this […]
Further queries have been received from the field authorities and other stakeholders on Direct Tax Dispute Resolution Scheme, 2016. The Central Government has considered the queries and decided to clarify the same in the form of questions and answers as follows.-
