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Introduction of Interest Rate Options in India

December 29, 2016 1252 Views 0 comment Print

As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India.

Companies (Incorporation) Fifth Amendment Rules, 2016

December 29, 2016 9988 Views 0 comment Print

Simplified Proforma for Incorporating Company Electronically (SPICe).-(1) The application for incorporation of a company under this rule shall be in FORM No. INC-32 (SPICe) alongwith e-Memorandum of Association (e-MOA) in Form No.lNC-33 and e-Articles of Association (e-AOA) in Form no. INC-34.

Deceleration under Direct Tax Dispute Resolution Scheme can be filed till 31.01.2017

December 29, 2016 1861 Views 0 comment Print

Deceleration under Direct Tax Dispute Resolution Scheme can be filed till 31.01.2017 instead of earlier time allowed till 31.12.2016.

President assents Rights of Persons With Disabilities Act, 2016

December 28, 2016 1309 Views 0 comment Print

Rights of Persons With Disabilities Act, 2016 received the assent of the President on the 27th December, 2016, and is hereby published for general information

Govt passes law by which it can mandate payment of wages by Cheque or by credit to Bank account

December 28, 2016 1939 Views 0 comment Print

Government may,specify industrial or other establishment, which shall pay wages only by cheque or by crediting wages in bank account of employee.

Conditional exemption of Late fee U/s. 20(6) of MVAT Act, 2002

December 28, 2016 2065 Views 0 comment Print

No. VAT. 1516/C.R. 178/Taxation-1.— In exercise of the powers conferred by the proviso to sub-section (6) of section 20 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby amends the Government Notification, Finance Department No. VAT. 1513/C. R. 124/Taxation-1, dated the 1st January 2014, as follows

CBDT amend rules to Tax Undisclosed Foreign Income and Assets

December 28, 2016 10135 Views 0 comment Print

These rules may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.

Power to establish Central database of encumbrances on property rights

December 27, 2016 841 Views 0 comment Print

S.O. 4185(E).—Reserve Bank may direct the CERSAI to take such steps as deemed necessary to operate the registrations system and to introduce modification or change the system for the purpose of implementing the provisions of the Act;

Govt removes Minimum Price on export of potatoes

December 27, 2016 532 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).

CBDT amends Pattern for investment by recognised provident fund

December 27, 2016 4171 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.

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