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Govt notifies Indian Insurance Companies (Foreign Investment) Rules, 2015

February 19, 2015 2040 Views 0 comment Print

As per these rules, Foreign Direct Investment (FDI) proposals up to 26 per cent of the total paid-up equity of the Indian Insurance Company shall be allowed on the automatic route, and FDI proposals which take the total Foreign Investment above 26 per cent and up to the cap of 49 per cent shall require FIPB approval.

Corrigendum to Income Tax Notification No.13/2015

February 18, 2015 847 Views 0 comment Print

Notification No. 18/2015 – Income Tax In the Notification of Government of India, Ministry of Finance, Department of Revenue, No. 13/2015, dated 10th February 2015 bearing S.O. 424 (E) and published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) (hereinafter referred as Gazette Notification):-

CBDT Notifies Academy of Scientific and Innovation Research-Sec. 35(1)(ii)

February 17, 2015 754 Views 0 comment Print

Notification No. 17/2015 – Income Tax It is hereby notified for general information that the organization Academy of Scientific and Innovative Research (AcSIR), New Delhi (PAN – AAALA1352P) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read

Companies (Indian Accounting Standards) Rules, 2015

February 16, 2015 130057 Views 0 comment Print

Ministry of Corporate Affairs notifies Roadmap for applicability of Indian Accounting Standards (Ind AS) for compliance by companies specified in roadmap.

CBDT notifies Godrej Agrovet Limited Agricultural Inputs Extension Project-Section 35CCC

February 16, 2015 843 Views 0 comment Print

Notification No. 16/2015 – Income Tax The approved entity undertaking agricultural extension project shall maintain separate books of account of the agricultural extension project notified under sub-section (1) of section 35CCC, and get such books’ of account audited by an accountant as defined in the Explanation below sub-section (2) of section 288.

CBDT notifies Godrej Agrovet Limited Animal Feed Extension Project-Section 35CCC

February 16, 2015 685 Views 0 comment Print

Notification No.15/2015 – Income Tax 10. Conditions subject to which agricultural extension project titled ‘Animal Feeds Extension Project’ is being notified are as under: i. The approved entity undertaking agricultural extension project shall maintain separate books of account of the agricultural extension project notified under sub-section (1) of section 35CCC, and get such books of account audited by an accountant as defined in the Explanation below sub-section (2) of section 288.

Section 35CCC – CBDT notifies Godrej Agrovet Limited Oil Palm Extension Project

February 16, 2015 862 Views 0 comment Print

Notification No. 14/2015 – Income Tax The approved entity undertaking agricultural extension project shall maintain separate books of account of the agricultural extension project notified under sub-section (1) of section 35CCC, and get such books of account audited by an accountant as defined

Notification No. 04/2015–Customs Dated-16th February, 2015

February 16, 2015 1507 Views 0 comment Print

the First Schedule of the Customs Tariff Act, 1975 (the Customs Tariff Act) when imported into India under the Urea Off-take Agreement (UOTA) dated May 29, 2002, between the Government of India and Oman-India Fertilizer

The Companies (Removal Of Difficulties) Order, 2015

February 13, 2015 4293 Views 0 comment Print

According to clause (85) of section 2, a company may be treated as a ‘small company’ if it meets either of the conditions provided therein thereby making the second limit unrestricted or inconsequential.

Jurisdiction of DGCEI for Service tax cases booked by it

February 10, 2015 4238 Views 0 comment Print

The Central Board of Excise and Customs vide Notification No. 02/2015-ST dated February 10, 2015, has notified that the Principal Director General of Central Excise Intelligence shall have jurisdiction over the Principal Commissioners of Service Tax or the Principal Commissioners of Central Excise or the Commissioners of Service Tax or the Commissioners of Central Excise

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