It is to be noted that coverage of ALL the NRHM units has to be taken up in a mission mode and has to be completed as more than 500 State/District Health Societies in which lakhs of contract/casual workers have been working and are yet to be covered under the EPF & MP Act,1952
Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force (FATF) as Non Co-operative countries and territories
President is pleased to promote the following officers of Indian Revenue Service to officiate on regular basis In the grade of Joint Commissioner of Income Tax in the Pay Band 3 – Rs.15,600 – 39,100 + (7,600-Grade Pay) (pre-revised) with immediate effect:-
Central Government established the Debts Recovery Tribunal atVisakhapatnam in the State of Andhra Pradesh; And whereas, the Central Government has considered it necessary to establish one more Debts Recovery Tribunal at Hyderabad in the State of Telangana.
It is to intimate that a workshop on Migration of Existing Central Excise / Service Tax Assessees to GST was conducted by Bangalore II Commissionerate at the premises of KASSIA (M/s Karnataka Small Scale Industries Association) on 23rd Jan 2017.
G.S.R. 67(E).—In exercise of powers conferred by section 5, read with sub-section 1 of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following scheme further to amend the Employees’ Provident Funds Scheme, 1952
Competent Authority has accorded approval for setting up a dedicated structure for delivery and monitoring of tax payers services in the Central Board of Direct Taxes (CBDT) and its attached and subordinate offices, with immediate effect and until further orders.
Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961. In para 3.6.1 in clause (a) below the table at page 4 of the captioned Circular, the words -3 years appearing in line 1 may be read as 5 years.
Vide order dated 02.05.2016 in F.No.225/12/2016/ITA.II, the Central Board of Direct Taxes (the Board) had clarified the position regarding tax treatment of income arising from transfer of unlisted shares. It was communicated that income from such a transfer would be taxable as Capital Gains
Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a company is said to be resident in India in any previous year, if it is an Indian company or if during that year, the control and management of its affairs is situated wholly in India.
