It has been decided to revise the limit for investment by FPIs in Government Securities, for the October – December 2017 quarter, as follows: a. Limit for FPIs in Central Government securities shall be enhanced to INR 189,700 cr. b. Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities shall be revised to INR 60,300 cr.
As we all know that Lok Sabha has passed the Companies (Amendment) Bill, 2017 on 27th July, 2017 which contains the major amendments where one of the major amendment is additional fees of Rs. 100 per day in case of delay in filing of annual return and financial statement with the specified time under Act.
Intimation- Till 30.9.17 [or extended period] Intimation- Before Starting Of Financial Year [2018- 19 on wards].
These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred” shall be substituted.
Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed be encashed on the day he becomes a non-Resident, and ab interest shall be paid at the rate applicable to the Post Office Savings Account, from time to time, from such day and upto the last day of the month preceding the month in which it is actually encashed”
The details were provided in PRC as per information received from States for data migration. This may be corrected through Core amendment to registration application This can be corrected through Core amendment. Services >Registration > Amendment of Registration Core field
Assessee was entitled to deduction u/s 54F of the Act in respect of more than one residential flats received by virtue of a development agreement. We find that this issue is now fairly covered by the decision of various High Courts in favour of the assessee.
In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 ( 46 of 1959) , the Central Government hereby makes the following rules further to amend the Post Office Savings Certificates Rules, 1960, namely
Rate of tax on goods under GST have been notified vide notification no. F.12(56)FD/Tax/2017–Pt.-I-40 dated 29 June, 2017, as amended from time to time. Besides, exemption from tax on intra- State supplies of goods have been notified vide notification no. F.12(56)FD/Tax/2017–Pt.-I-41 dated 29 June, 2017, as amended from time to time. Some of the goods were made taxable or put into higher tax slab, if such goods are put up in unit containers and bear a registered brand name.
(a) ‘Aadhaar number’ means an identification number as defined in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); (aa) ‘Account’ means a Savings Account, a Recurring Deposit Account, a Time deposit Account, Monthly Income Scheme Account, Sukanya Samriddhi Account or Senior Citizens Savings Account;”
