Premature Closure of PPF Account Conditions-Deductions Ministry of Finance Department of Economic Affairs Notification New Delhi, the 18th June, 2016 GSR….(E) In exercise of the powers conferred under sub-section of (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby …
No Fee for MSME Udyog Aadhar Memorandum Form Registration Ministry of Micro,Small & Medium Enterprises 20th June, 2016 Ministry of MSME has clarified today, that Udyog Aadhar Memorandum is the only form of registration for MSMEs in India and there is no fee for the registration. This has …
CBDT Exempts Startups shares issued above FMV CBDT has notified tax exemption on investments above fair market rate for startups. Now a resident can purchase shares in startups companies at higher than fair value without having to pay tax under the provisions of section 56(2)(viib). The section 56(2)(viia) provides …
Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds-ITAT ABCAUS Case Law Citation: 952 2016 (06) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: June, 2016 Brief Facts of the Case: In this cross objection filed …
RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my term ends on 04-09-2016 RBI releases Governor’s message to staff for wider dissemination Dr. Raghuram G. Rajan, Governor, Reserve Bank of India sent a message to RBI staff …
Annual Conference of Tax Administrators-2016 Major Take aways Ministry of Finance Press release dated 18-06-2016 Rajswa Gyansangam- Annual Conference of Tax Administrators-2016”concludes; Major Take Aways from two day “Annual Conference of Tax Administrators-2016” include further improvement in Tax Payers Services by use of technology and increased human touch; …
