Monthly Archives: February 2016

Govt Announced results of Swachh Sarvekshan -2016

By | February 16, 2016

15 cities honoured for good work to improve sanitation in urban areas 15 cities from across the country were today felicitated by the central government for their good work in different areas of sanitation. Minister of Urban Development Shri M.Venkaiah Naidu presented trophies and mementos to these cities after announcing the results of ‘ Swachh… Read More »

Scientists detect gravitational waves

By | February 14, 2016

Scientists detect gravitational waves Scientists have finally detected gravitational waves. First proposed by Albert Einstein 1916, gravitational waves are ripples in space and time that are produced when black holes collide and stars explode.

SEBI specify MF scheme limit to invest in case of single issuer

By | February 14, 2016

The Gazette of India EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2015-16/034.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15… Read More »

Amended definition of NPA u/s 2 of SRFAESI act is Valid : Supreme Court

By | February 14, 2016

Issue Section 2(1)(o) of  The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 defines NPA. Prior to its amendment by Act 30 of 2004, NPA is defined as ‘an account of a borrower which has been classified’ by a CREDITOR either ‘as a sub-standard asset or a doubtful asset or… Read More »

How to Pay Tax on Adsense Income

By | February 13, 2016

Income Tax on Adsense Income in India Under which  “Head ” Income from Adsense will be calculated ? Income under the Adsense will be calucated under the head  ” Profit and Gains from Business and Profession “ How to take Adsense income for calculating  Income Tax on Adsense Income ? The total income earned from… Read More »

Pre-deposit of 25% Total amount of tax u/s 62(5) of PVAT act is valid : P&H High Court

By | February 13, 2016

Held Right of appeal is a creature of a statute and it being a statutory right can be conditional or qualified. If the statute does not create any right of appeal, no appeal can be filed. Right to appeal is neither an absolute right nor an ingredient of natural justice, the principles of which must… Read More »