Month: March 2016
In its latest judgment, the Supreme Court has held that the transaction charges paid to the Bombay Stock Exchange by its members are not for ‘technical services’ and hence no TDS on such payments is deductible under Section 194J of the Income Tax Act 1961. Case Details: Civil Appeal No. 3141 …
Circular No 191/01/2016 -Service Tax F.No. 137/ 155/2012-Service Tax (Pt -II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing *** New Delhi, the 29th March 2016 To The Principal Chief Commissioners/Chief Commissioners of Central Excise and Service Tax (All), …
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees met …
Employee Provident Fund Organization, India PRESS RELEASE 11.03.2016 EPFO launches an Incentive Scheme for employers to encourage partnership in allotment of Universal Account Number (UAN) to their employees. Employers can get refund upto 10% of administrative charges payable to EPFO under a new incentive scheme. EPFO, Head Office, …
RBI cancels Certificate of Registration of 22 NBFCs Dated: 29-03-2016 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 29th March, 2016 Sub: Signing of 11 unilateral Advance Pricing Agreements (APAs)- regarding. The Advance Pricing Agreement (APA) programme was introduced by the Finance Act, 2012 to provide a predictable …
In a recent judgment, the Delhi High Court has held that Indian National Congress Party (INC) (I) not entitled to exemption u/s 13A of the Income tax Act, 1961 for AY 1994-95 being failed to fulfil the three conditions of keeping books of accounts, maintaining records of voluntary contributions …
F. No. 11/21022/36{027)/2015-FCRA-II Government of India Ministry of Home Affairs Foreigners Division (FCRA Wing) 1st Floor, NDCC-11 Building, Jai Singh Road, New Delhi- 110001. Dated the 29th March, 2016 . NOTICE Regarding Validity and Renewal of Registration under FCRA, 2010 Ministry of Home Affairs is mandated to .administer …
Sukanya Samriddhi Account Rules 2016 Government Notification The Government has amended Sukanya Samriddhi Account Rules 2014 by 2016 Rules MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 18th March, 2016 G.S.R.323(E).- In exercise of the powers conferred by section 15 of the Government Savings Banks …
In a recent judgment, ITAT Amritsar has upheld that the mere AIR information that deposits were made in a bank account do not indicate that these deposits constitute an income which has escaped assessment. Case Details: ITA No.129(Asr)/2015 Assessment year:2005-06 Ashwani Kumar vs. Income Tax Officer Date of Order/Judgment: 23/02/2016 Facts …