Finance notifications

Revised law for Issue of summon and notice under PMLA

Notification No. G.S.R.515 (E) (24/05/2017)

(1) Every summon or notice shall be issued in Form 3 or Form 4 or Form 5 or Form 6, as the case may be, and signed by the Registrar or Administrative Officer....

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MVAT- Settlement Act, 2016-Extension of time limit to 30.11.2016

Maharashtra Ordinance No. XXVII Of 016. (17/11/2016)

It has become necessary to give more time to dealers to amicably settle the disputes relating to payment and to facilitate compliance under the said Act, it is proposed to extend the said date upto 30th November 2016....

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Special Deposit Scheme to get interest of 8.10% for Q2 of 2016-17

F. No. 5(4)-B(PD)/2016 (30/06/2016)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st July, 2016 to 30th September, 2016, bear inter...

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Debts Recovery Tribunal (Procedure) Amendment Rules, 2016

G.S.R. 407(E) (06/04/2016)

1. (1) These rules may be called the Debts Recovery Tribunal (Procedure) Amendment Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Debts Recovery Tribunal (Procedure) Rules, 1993, in rule 19, for the word Saturdays, the words second Saturday of a month may be substituted....

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Post Office Recurring Deposit (Amendment) Rules, 2016

G.S.R. 355 (E) (29/04/2016)

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:-...

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NSC Maturity Period 5 Year wef 01.04.2016 & Interest Rate

Notification No. G.S.R. 354(E) (29/03/2016)

Where a certificate has been purchased on or after the 1st day of April, 2016 the maturity period of a certificate of any denomination, shall be five years, commencing from the date of issue of the certificate. The amount inclusive of interest, payable on encashment of the certificate at any time after the expiry of its maturity period sh...

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Interest Rate on Post Office Time Deposit on or after 1st April, 2016

G.S.R. 356 (E) (29/03/2016)

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:-...

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Govt notifies Interest Rate on PPF from 01.04.2016

G.S.R. 350(E) (29/03/2016)

Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of April, 2016 and the balances at the credit of the subscriber shall bear interest at the rate of 8.1 per cent. per annum....

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Interest Rate on Sukanya Samriddhi Account wef 01.04.2016

G. S. R. 352(E) (29/03/2016)

In the Sukanya Samriddhi Account Rules, 2014, in rule 7, in sub-rule (1), after first proviso, the following proviso shall be inserted, namely:-Provided that in the case of a deposit made under these rules on or after the 1st day of April, 2016, it shall bear at the rate of 8.6 per cent per annum from the date of deposit....

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KVP Maturity period & premature encashment value wef 01.04.2016

G.S.R. 353(E) (29/03/2016)

In the Kisan Vikas Patra Rules, 2014 (hereinafter referred to as the said rules), in rule 16, in sub-rule (1), for the words eight years and four months, the words nine years and two months shall be substituted. In the said rules, in rule 17, in sub-rule (3), the premature encashment value of Certificates purchased on or after 1.4.2016 b...

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