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There is notification of the ICAI regarding the not responding the tender, dated 7th April, 2016 and Now ICAI has come out with the the FAQ regarding the Responding to Tenders. The Notification and FAQ both are given below for your knowledge. Notification [PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA, EXTRAORDINARY, DATED … Read more
PRELIMINARY 1. Short title, extent and commencement (1) This Act may be called the Central / State Goods and Services Tax Act, 2016. (2) It extends to the whole of India / State’s name. (3) It shall come into force on such date as the Central or a State Government may, by notification in the … 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 INCOME-TAX New Delhi,2nd June, 2016 S.O.________(E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, … Read more
Circular No. :21/2016 F.NO.197/17/2016-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 27th May, 2016 Subject – Clarification regarding cancellation of registration uis I2AA of the Income-tax Act, 1961 in certain circumstances – regarding Sections 11 and 12 of the income-tax Act, 1961 CActl exempt income … Read more
Circular No. 12/2016 F.No.279/Misc./140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, Dated 30th May, 2016 Subject: – Admissibility of claim of deduction of Bad Debt under section 36(1) (vii) read with section 36(2) of the Income-Tax Act, 1961— reg. Proposals have been received by the … Read more
F.No. DGIT(S)/CPC(TDS)/DCIT/15GH /2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 9/2016 New Delhi, 9th June, 2016 Subject: Simplification of procedure for Form No.15G & 15H — Clarifications -reg The existing provisions of section 197A of the Income-tax Act, 1961(‘the Act’) inter alia provide … Read more
Circular No 22/ 2016 F.No 370142/17/2016—TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 8th,June 2016 Sub: Amendment in Section 206C vide Finance Act 2016 – Clarifications regarding Section 206C of the Income-tax Act, 1961 (hereafter referred to as ‘Ace), prior to amendment by Finance … Read more
FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400032, Dated the 31.05.2016. NOTIFICATION Maharashtra Value Added Tax Act, 2002_ No. VAT 1516/ CR 77/Taxa.tion-1.—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
Date Act Compliance 06-06-2016 Service Tax E-Payment of Service Tax for May 2016 in case of Companies 07-06-2016 Income Tax Due date for deposit of Tax deducted/collected for the month of May, 2016. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the … Read more
W.E.F. June 01, 2016 Government constituted the Benches of National Company Law Tribunal and hence, the Central Government vide Notification No. S.O. 1934(E) subject to the provisions of Companies Act, 2013, has declared 01.06.2016 as the date on which the provisions of the companies act shall come into force. These are the provisions, which yet … Read more