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Taxclick Team (To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification 40/2015-20 New Delhi, Dated : 15 February, 2016 Subject: Amendment in export policy of Pulses. S.O.(E) In exercise of the powers conferred by Section 5 of … Read more
1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf … Read more
Subject: Zone-shifting of candidates for NOVEMBER – 2016 CA Exams Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Chennai, Delhi, Hyderabad, Mumbai and Pune some of the candidates have been allotted examinations centres in the zone other than the zone opted by them in the said … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th September, 2016 S.O. 3079 (E) In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961 … Read more
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION [Notification No. 88 /2016, F.No.133/23/2015-TPL] New Delhi, the 29th September, 2016 INCOME-TAX [Notification No. 88 /2016, F.No.133/23/2015-TPL] S.O. 3080(E).— In exercise of the powers conferred … Read more
Circular No.33 of 2016 F.No.142/11/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated: 12th September, 2016 Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter X of the Finance … Read more
Maharashtra Notification Amends Schedule C, D, & E Enhance tax rate to 6% and 13.5% w.e.f. 17-9-2016 Notification No. VAT. 1516/CR-123/Taxation-1- Dated 16th September, 2016 In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby, with … Read more
ICAI welcomes the passing of the much awaited 122nd Constitution Amendment (GST) Bill, 2014 by the Rajya Sabha which would pave the way for implementation of Goods and Services Tax in India. It is the most significant tax reform since Independence, which subsumes a variety of federal and state taxes. The Bill would now be … Read more
For the kind information of all practicing members of Institute Extension of Multipurpose Empanelment Form for the year 2016-17 The last date of online filing of MEF 2016-17 is hereby extended to 20th September, 2016 at www.meficai.org and the last date of submission of duly signed declaration has been extended to 30th September, 2016. (CA. … Read more
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at … Read more