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Notifications/Circulars

External Commercial Borrowings (ECB) by Startups

October 27, 2016 1591 Views 0 comment Print

It is therefore decided, in consultation with the Government of India to permit AD Category-I banks to allow Startups to raise ECB under the following framework:

Salient features of EPF Universal Account Number version 2.0

October 27, 2016 3979 Views 1 comment Print

EPFO is in the process of development and implementation of next version of UAN, whereby the Universal Account Number of an EPF member is to be obtained/linked with present employment by the employer before filing the ECR.

MVAT: Exemption from payment of Tax for oil company u/s 41(4)

October 27, 2016 9529 Views 0 comment Print

Govt of Maharashtra, hereby amends with effect from 21.10.2016 Government Notification, Finance Department, No. VAT 1512/CR 18/ Taxation-1, dated the 29.02.2012, as follows, namely

RBI advisory on Circulation of Counterfeit (fake) Currency Notes

October 26, 2016 1732 Views 1 comment Print

Unnscrupulous elements are putting into circulation Fake Indian Currency Notes of higher denominations in the course of normal transactions, taking advantage of the gullible and unsuspecting nature of some members of the public.

Intimation U/s. 143(1) beyond prescribed time in non-scrutiny cases

October 26, 2016 8041 Views 0 comment Print

It has come to notice that some returns-of-income having ‘claim of refund’ pertaining to Assessment Years 2014-2015, 2013-2014 and 2012-2013 were not processed within the time-frame prescribed under sub-section (1) of section 143 of the Income-tax Act, 1961 (‘Act’).

Revised procedure for clearance of imported metal scrap

October 26, 2016 2905 Views 0 comment Print

The consignments of un-shredded, compressed or loose scrap shall be cleared only through those EDI ports where Risk Management Module is operational.

Reg. Freezing of Promoter & Promoter group Demat accounts

October 26, 2016 3343 Views 0 comment Print

Freezing of Promoter and Promoter group Demat accounts for Non-­compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Authority under Prohibition of Benami Property Transactions Act, 1988

October 25, 2016 4855 Views 0 comment Print

Central Government hereby directs that, with effect from the 1st day of November, 2016, specified Income-tax authorities to exercise specified powers and perform the functions of ‘Authority’ under Prohibition of Benami Property Transactions Act, 1988.

Prohibition of Benami Property Transactions Rules, 2016

October 25, 2016 8065 Views 0 comment Print

(1) These rules may be called the Prohibition of Benami Property Transactions Rules, 2016. 2) They shall come into force on the 1st day of November, 2016.

Benami Transaction Amendment Act effective from 01.11.2016

October 25, 2016 4879 Views 0 comment Print

Central Government hereby appoints the 1st day of November, 2016 as the date on which provisions of Benami Transaction (Prohibition) Amendment Act, 2016 shall come into force.

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