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Indian Insurance Companies Foreign Investment Amendment Rules, 2016

March 16, 2016 2680 Views 0 comment Print

The Foreign Investment proposals up to forty-nine per cent of the total paid up equity of the Indian Insurance Company shall be allowed on the automatic route subject to verification by the Insurance Regulatory and Development Authority of India

Section 10(46) Central Govt notifies 'National Biodiversity Authority'

March 16, 2016 2779 Views 0 comment Print

S.O. 1138(E)-In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, “National Biodiversity Authority” an authority established under the Biological Diversity Act, 2002 (18 of 2003) in respect of the following specified income arising to that Authority, namely:—

Notification No. 15/2016-Income Tax Dated: 16th March, 2016

March 16, 2016 775 Views 0 comment Print

S.O. 1139(E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Karnataka Urban Water Supply and Drainage Board a Board constituted under the Karnataka Urban Water Supply and Drainage Board Act, 1973 (Karnataka Act No. 25 of 1974), in respect of the following specified income arising to that Board, namely:-

Delhi VAT: Extends due date of filing GE II return to 23.03.2016

March 15, 2016 907 Views 0 comment Print

I, S.S Yadav, Commissioner of Value Added Tax, Government of NCT of Delhi, do hereby direct that the returns in Form GE-II for the first three quarters of the current financial year (i.e. 1st April, 2015 to 3st June, 2015, 1st July, 2015 to 30th September, 2015 ad 1st October 2015, to 31st December 2015) are required to be filed by 23rd March, 2016 .

Delhi VAT: Extends due date of filing CR-II return to 31.03.2016

March 15, 2016 1165 Views 0 comment Print

Delhi VAT returns in Form CR-II for the first three quarters of the current financial year ( i.e. 1st April, 2015 to 30th June, 2015, 1st July, 2015 to 30th September, 2015 and 1st October, 2015 to 31st December, 2015) are required-to be filed by 31st March 2016

S.9A CBDT Guidelines for off-shore fund managers

March 15, 2016 2572 Views 0 comment Print

10V. Guidelines for application of section 9A.-(1) Where the investment in the fund has been made directly by an institutional entity, the number of members and the participation interest in the fund shall be determined by looking through the said entity, if it, –

Investigation report on import of Hot-rolled flat steel products

March 15, 2016 652 Views 0 comment Print

An application was filed under Rule 5 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 by M/S Steel Authority of India Limited; M/S Essar Steel India Limited, and M/S JSW Steel Limited through M/S Lakshmi Kumaran & Sridharan Attorneys, New Delhi seeking imposition of Safeguard Duty on imports of Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more, as increase in imports is causing and/or threatening to cause serious injury to the domestic producers.

ICAI Notifies date for June 2016 CPT Exams

March 15, 2016 4087 Views 0 comment Print

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, 19th June, 2016 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

ICAI rescheduled date of One Paper of CA Final Exam

March 14, 2016 23626 Views 0 comment Print

It is notified for general information that in view of the General Election to the Legislative Assemblies of Kerala, Tamil Nadu and Puducherry, Group – II, Paper – 8, Indirect Tax Laws of Final Examination scheduled to be held on 16th May, 2016 at Alappuzha, Ernakulam, Kannur, Kollam, Kottyam, Kozhikode, Malappuram, Palakkad

Share Buy back calculation if audited a/cs are older than 6 months

March 10, 2016 3760 Views 0 comment Print

Where the audited accounts are more than six months old, the calculations with reference to buy back shall be on the basis of un-audited accounts not older than six months from the date of offer document which are subjected to limited review by the auditors of the company

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