The principal notification No. 69/2011-Customs, dated the 29th July, 2011, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 593(E), dated the 29th July, 2011 and was last amended vide
Prohibition against opening a branch office or a liaison office or a project office or any other place of business in India-No person resident outside India shall without prior approval of the Reserve Bank open in India a branch office or a liaison office or a project office or any other place of business by whatever name called except as laid down in these Regulations.
(a) any person holding a valid passport issued under the Passports Act, 1967 (15 of 1967) and returning to India after having stayed abroad for at least 365 days during the two years immediately preceding the date of arrival in India, or (b) any person on a bona fide transfer of residence to India as part of his bona fide baggage,-
Where the value of any one article exceeds the duty free allowance admissible to such passenger or member under the Baggage Rules, 2016, the amount of duty shall be calculated only on the value in excess of the duty free allowance so admissible to the extent not availed of by such passenger or member for clearing any other article of baggage, if any.
a) No Indian Insurance Company shall allow the aggregate holdings by way of total foreign investment in its equity shares by foreign investors, including portfolio investors, to exceed forty-nine percent of the paid up equity capital of such Indian Insurance company. b) The foreign investment up to forty-nine percent of the total paid-up equity of the Indian Insurance Company shall be allowed on the automatic route subject to approval/verification by the Insurance Regulatory and Development Authority of India.
Exemption from customs duty on cut/polished diamonds imported for testing/certification by HRD Diamond Institute Private Limited, Mumbai, Maharashtra.
Where there is change in the liability or extent of liability of a person required to pay tax as recipient of service notified under sub-section (2) of section 68 of the Act, in case service has been provided and the invoice issued before the date of such change, but payment has not been made as on such date, the point of taxation shall be the date of issuance of invoice.
Central Board of Direct Taxes hereby notifies Forms Sahaj (ITR-1), ITR-2, ITR-2A, ITR-3, Sugam (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V for Assessment Year 2016-17.
(i) 5 per cent. of the turnover of sales, referred to in column (3), in the case of a registered dealer, whose turnover of such sales, does not exceed rupees three crore in the previous year, to which the composition scheme is desired; (ii) 8 per cent. of the turnover of sales, referred to in column (3), in the case of a registered dealer, whose turnover of such sales exceeds rupees three crore in the previous year, to which the composition scheme is desired;
The Finance Department of Maharashtra vide notification no. VAT. 1516/C.R. 31/Taxation-1 dated the 30th March 2016 has changed the rate of MVAT from 5% to 5.5% with effect from 1st April 2016.
