IRDA’s new norms sets targets for insurers while insuring policies in rural sectors Insurance Regulatory and Development Authority of India (Obligations of the Insurers to Rural and Social Sectors ) Regulation 2015
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) PR No. 226/2015 Mumbai, September 03, 2015 SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) on September 2, 2015, after following the consultation process. A time period of ninety days has been given for implementing the Regulations. However, two provisions… Read More »
The Government has announced the One Rank One Pension scheme for the Ex-Servicemen. This was announced by the Defence Minister Shri Manohar Parrikar here today. One Rank One Pension scheme Statement by Defence Minister “Government of India respects its Defence Forces and Ex-Servicemen for their valour, patriotism and sacrifices. The Government is proud of their devotion to… Read More »
Acceptance of Cash from Wife is not Loan Q : When the wife gave cash to her husband for purchase of a house property jointly . The deal in property could not materialise. Can the Assessing Officer impose penalty under section 271D for acceptance of cash by the assessee from his wife? Can the husband return the… Read More »
Due date for Wealth Tax Return Due date of filing wealth-tax returns also extended till 7-9-2015
Circular No. 15 of 2015 F. No. 142/18/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 3rd September, 2015 Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (hereinafter referred to… Read More »
Interest rate on Sukanya Samriddhi Account @ 9.2% w.e.f 01.04.2015 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 27th July, 2015 G.S.R. 593(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to… Read More »
Govt. hikes interest rate to 9.3% for deposits under Senior Citizen Saving Scheme w.e.f April 1, 2015 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 27th July, 2015 G.S.R. 592(E).—In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby… Read More »
First proviso to section 2(15) has no role to play in cancellation or granting of trust’s registration Q : Can the Commissioner cancel the registration granted to assessee on the basis of introduction of first proviso of section 2(15) holding that activities of assessee were commercial in nature. ? First proviso to section 2(15) have no… Read More »
Q Can the Assessing officer add notional interest on Interest free advances ? the Assessing officer made an addition of Rs. 19,32,0001- on account of interest @ 12% on advances of Rs. 1,61 ,00,0001- given to M/s Smart Tourist Pvt. Ltd. The assessee had given an advance of Rs. l,61,00,0001- to M/s Smart Tourist Pvt.… Read More »