Daily Archive: Tuesday, March 8, 2016

Roll back of 60% taxation of EPF/NPS withdrawal announced

Author: | Categories: Income Tax No comments
The Finance Bill, 2016 (Budget 2016-17) had proposed income tax on 60% of the total corpus of Recognised Provident Funds (including EPF) and NPS at the time of withdrawal. However after severe criticism of the Government, the Finance Minister Shri Arun Jaitley has today in Lok Sabha announced the


Details of Foreign Contribution intimation by Association having no website

Author: | Categories: FCRA No comments
F.No.II.21022/23{76)/2015-FCRA-III Government of India Ministry o-f Home Affairs Foreigners Division (FCRA Wing) NDCC-11 Building, Jai Singh Road, New Delhi-110001 Dated. 3rd  March  2016 Notice Intimation of Quarterly Receipt of Foreign Contribution Foreign Contribution Regulation Amendment Rules, 2015 provides for a person receiving foreign contribution in a quarter of a


Service Tax Return Form ST-3 revision/amendments for Swachh Bharat Cess payable and deposited-Notification No. 20/2016

Author: | Categories: Notifications, Service Tax No comments
[TO BE PUBLISHED  IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART  II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 8th March, 2016 18 Phalguna, 1937Saka Notification No.  20/2016-Service Tax G.S.R….. (E). – In exercise of


Paternity Leave of 15 Days to Bank Male Employees

Author: | Categories: Others No comments
Ministry of Finance Press Release 08-03-2016 Paternity Leave to Bank Employees Grant of Paternity Leave to bank employees has been accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees. Male employees with less than two surviving children shall be eligible


Government has no info regarding incomplete, wrong non-updated financial reports by companies with ROC

Author: | Categories: Companies Act No comments
Ministry of Corporate Affairs Press Release 08-03-2016 Submission of Financial Reports There is no information with the Government regarding companies registered in the offices of registrar of companies are incomplete, wrong and not updated. However, several companies have not submitted their annual report/return, audited report, balance sheet and details


No official report on world ranking for number of start-ups. There is no estimate of investment in Start-ups

Author: | Categories: Start-ups No comments
Ministry of Corporate Affairs Press Release 08-03-2016 Investment in Start-ups There is no official report on world ranking for the number of start-ups in the country. There is no estimate of investment in Start-ups. However, an action plan for start-ups has been released by the Prime Minister on 16th January,


Carry Forward of Unspent CSR Funds Balance to Next Year

Author: | Categories: Companies Act, Press Release No comments
Ministry of Corporate Affairs Press Release 08-03-2016 Carry Forward of Unspent CSR Funds The Ministry of Corporate Affairs in its circular dated 12th January 2016, has clarified that, the Board of the Company is free to decide whether any unspent amount from out of the minimum required CSR expenditure is