Maharashtra Govt. notifies form I to VIII under Maharashtra Settlement of Arrears in Dispute Act, 2016 related to Application for settlement of Arrears in disputes, Form of Defect Notice, Appeal against the order of rejection under sub-section (1) of section (7) of the Maharashtra Settlement of Arrears in Disputes Act, 2016, Order Of Settlement, Notice for Rectification of Mistakes, Application for Rectification of Mistakes, Order of Revocation, Notice for Review under the section 11 of the Maharashtra Settlement of Arrears in Dispute Act, 2016.
For determining the tax-treatment of income arising from transfer of unlisted shares for which no formal market exists for trading, a need has been felt to have a consistent view in assessments pertaining to such income. It has, accordingly, been decided that the income arising from transfer of unlisted shares would be considered under the head ‘Capital Gain’, irrespective of period of holding
Central Government hereby directs that no dealer of sugar shall hold any stock for a period exceeding thirty days from the date of receipt by him of such stock and shall not keep sugar in stock at any time, in the places mentioned below, in excess of the quantities mentioned against each—
Government of Maharashtra hereby exempts fully from payment of tax with effect from the 1st April 2016, the transfer of property in goods, involved in the sizing and warping of yarn, subject to the following conditions and restrictions :—
In Regulation 9, for the words and expression 10:30 a.m. to 1:30 p.m. and 2:30 p.m. to 4:30 p.m. the words and expression 10:30 a.m. to 1:00 p.m. and 2:00 p.m. to 4:30 p.m. shall be substituted.
The Central Government has extended the date of filing of ST-3 returns to 29.04.2016 from 25.04.2016 owing to certain difficulties being faced by the taxpayers in the ACES application.
A Committee was constituted by the Board, vide OM of even number dated 22nd January 2016, under the chairmanship of Shri Avadhesh Kumar Mishra, CIT (TDS)-2, Delhi to recommend standard definitions of certain commonly used terms relating to direct tax administration, such as“taxpayer, tax – base, new assessee/taxpayer, stop-filer/non-filer etc.
Whether the sale of all kinds of Scrub Pads/Scrubbers used by the household for cleaning the household items is covered by the Entry 84 of Schedule-1 of DVAT Act and exempted from VAT.
(i) Sukanya Samriddhi Account can be opened by:- (a) The natural or legal guardian in the name of a girl child who has not attained the age of ten years on the date of opening of the Account and in the name of girl child who has born on or after 2.12.2003. the Account may be opened till one year from the date of the original Notification of the Sukanya Samriddhi Account rules i.e.upto 2.12.2015.
With respect to validity and renewal of existing Registrations under Foreign Contribution (Regulation) Act, 2010, with the approval of competent authority, exercising the powers vested under Section 50 of FCRA 2010, following have been decided :- (i) To extend the validity of registration certificate of all the associations whose registration certificates are expiring on or before 30th September, 2016 upto 31st October, 2016; and
