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MIS relating to Tax payments made under IDS 2016

December 27, 2016 1858 Views 0 comment Print

Viewing of MIS relating to Tax payments made under IDS 2016 and tax payment and TDS claim matching before issue of Form 4 – enhancements of functionalities – Income Disclosure Scheme, 2016

FPIs can transact in non-convertible debentures /bonds issued by Indian companies

December 27, 2016 877 Views 0 comment Print

With a view to providing flexibility in regard to the manner in which non-convertible debentures/bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice.

Govt removes Minimum Price on export of potatoes

December 27, 2016 733 Views 0 comment Print

Export of Potatoes, Fresh or Chilled at Serial Number 50A of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted without any Minimum Export Price (MEP).

Amendment in Master Circular on Issue and Operations of PPIs

December 27, 2016 1090 Views 0 comment Print

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.

CBDT amends Pattern for investment by recognised provident fund

December 27, 2016 4708 Views 0 comment Print

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.

Need for move towards a mindset of voluntary Tax compliance: FM

December 27, 2016 1660 Views 0 comment Print

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;

Devraj Infrastructures Ltd. Notified as Industrial Park – Section 80-IA(4)

December 26, 2016 1369 Views 0 comment Print

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 for removal of name of company is under development

December 26, 2016 9046 Views 0 comment Print

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

Companies (Removal of Names of Companies from Register of Companies) Rules, 2016

December 26, 2016 67678 Views 0 comment Print

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.

Insight on Chit Fund Regulation in India

December 25, 2016 13975 Views 3 comments Print

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.

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