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

October 27, 2016 8935 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

Authority under Prohibition of Benami Property Transactions Act, 1988

October 25, 2016 4501 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 7417 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 4477 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.

Adjudicating Authority & Appellate Tribunal under Benami Property Act

October 25, 2016 7606 Views 0 comment Print

CBDT notifies Adjudicating Authority and Appellate Tribunal, respectively, under the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988)

FEM (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2016

October 25, 2016 901 Views 0 comment Print

5B Permission to a person resident outside India to enter into exchange traded currency derivatives A person resident outside India who is exposed to Rupee currency risk arising out of:

Draft rules of valuation of FMV in respect of Trust or institution

October 25, 2016 2803 Views 0 comment Print

Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution ceases to exist as charitable organization or converts into a non-charitable organization.

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016

October 25, 2016 3064 Views 0 comment Print

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016.

Amendment in Rules of Appointment of AAR Chairman & Vice-Chairman

October 25, 2016 1783 Views 0 comment Print

Selection Committee.- (1) The Chairman and Vice-Chairman of the Authority shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of the following members,

Section 35AC- Notification No. 66/2016- Income Tax Dated 24.10.2016

October 24, 2016 1276 Views 0 comment Print

Section 35AC – Eligible projects or schemes – Recommendations of National Committee for Promotion of Social and Economic Welfare

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