Tag: Press Release
TDS Exemption to interest income on specified off-shore Rupee Denominated Bonds issued outside India during the period from 17.09.2018 to 31.03.2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 17th September, 2018 PRESS RELEASE Exemption to interest income on specified off-shore …
Banks will remain open in first week of September 2018 except 3 Holidays – Clarification Finance Ministry has clarified that Banks will remain open and banking activity will continue unimpeded in the first week of September 2018 Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th …
Law Commission Submits Report on “Worngful Prosecution (Miscarriage of Justice): Legal Remedies” under existing laws and inadequacies as noted by the Delhi High Court The Law Commission of India submitted its Report No.277 titled ‘Wrongful Prosecution (Miscarriage of Justice): Legal Remedies’ to the Government of India on 30th August, 2018. …
Final report of Committee on review of penal provisions of Companies Act 2013. To relieve Special Courts from adjudicating routine offences; De-clogging NCLT Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley, makes several recommendations related to corporate compliance and corporate …
Guidelines to Control Black Money in Share Market Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction. Schedule VII of …
Income Tax Notices to non-resident assesses. On receiving information on holding assets by NRIs, necessary enquiry is made for disclosure and source Income Tax Notices have been issued by the Income Tax Department and the Enforcement Directorate. In respect of Income Tax Department, assesses including, non-resident assesses are served notices/summons consequent …
MCA Centralised Scrutiny and Prosecution Mechanism sends notice to 272 companies on CSR compliance under the Companies Act 2013 for FY 2015-16 As per statement of the Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Rajya Sabha today, the Ministry has …
CBDT entered into nine more Unilateral Advance Pricing Agreements during the month of July, 2018. Total number of APAs has gone up to 232 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st August, 2018 PRESS RELEASE Indian Advance Pricing Agreement …
Unearthing of Black Money-Prosecution, search, survey initiated by ITD under the relevant provisions of the Income Tax Act, 1961, during the last three FYs Minister of State for Finance, today, in written reply to a question in Rajya Sabha has given figures of proceedings initiated by the Income-tax Department against black …
Profit, losses, GNPAs of Public Sector Banks Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. …