Facts of the case The assessee a company is engaged in the business as a builder / developer of real estate. As stated by the assessee, it is also engaged in carrying out SRA Projects (Slum rehabilitation), wherein it has to provide for free of cost flats to hut dwellers. Property in question where the… Read More »
Implementation of RTI Act, 2005 to be strengthened DoPT invites views/suggestions by 31st March, 2016 A Committee of Experts consisting of Shri A.N. Tiwari, former Chief Information Commissioner and Dr. M.M. Ansari, former Information Commissioner of Central Information Commission was constituted to recommend, inter-alia, measures to further strengthen implementation of Section 4 of the RTI… Read More »
ESIC Hospitals The State-wise total number of Employees’ State Insurance (ESI) hospitals already set-up and 24 more are proposed to be setup in the country as per enlisted details. Total number of Insured Persons as on 31.03.2015 is 20344530. Data compilation as on 29.02.2016 has not been finalized. Medical needs of ESI beneficiaries are adequately… Read More »
Rules in respect of Fund Manager Regime under Section 9A of the Income-tax Act, 1961 Section 9A of the Income-tax Act, 1961 (the Act) provides for special taxation regime with effect from 01.04.2016 to facilitate location of fund managers of off shore funds in India. Under this regime, the fund management activity carried-out through an… Read More »
SECTION 143 OF THE INCOME-TAX ACT, 1961 ASSESSMENT – GENERAL – PROCESSING OF RETURNS FILED IN F.Y. 2014-15 GETTING TIME BARRED ON 31-3-2016 ON ONLINE TMS IN ITD APPLICATION AST INSTRUCTION NO.140 [F.NO.DGIT(S)/DIT(S)-3/AST/TMS/ONLINE/27-C/2015-16], DATED 15-3-2016 As you are aware that returns furnished by the assessees during the FY 2014-15 are pending for processing under section… Read More »
[TO BE PUBLSIHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) (INCOME – TAX) Notification New Delhi, the 15th March, 2016 S.O. 1101(E).- In exercise of the powers conferred by section 9A read with section 295 of the… Read More »
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company’s Name Address of Registered Office Certificate of Registration No. & Date Date… Read More »
Tie up of SAI for setting up of CRPF sports company The Minister of State (Independent Charge) for Youth Affairs & Sports, Shri Sarbananda Sonowal has said that the Government of India through Sports Authority of India (SAI) has approved establishment of a Boys Sports Company to be run by Central Reserve Police Force (CRPF)… Read More »
Special Facilities For The Disabled in Indian Railways Improvement/augmentation of amenities at stations, including those for differently abled passengers is a continuous process. In order to provide better accessibility to passengers with disabilities, short term facilities as detailed below have been planned at all stations, beginning with ‘A-1’, ‘A’ & ‘B’ category stations: • Standard… Read More »
Allowing Private Sector in Mineral Exploration TheMines and Minerals (Development and Regulation) Amendment Act, 2015 (MMDR Amendment Act, 2015) has,besides Mining Lease (ML), two specific provisions for mineral exploration viz. Non-exclusive Reconnaissance Permit [NERP] and Prospecting License-cum-Mining Lease [PL-cum-ML] through which private sector can participate in mineral exploration. The allocation of mineral blocks through auction… Read More »