Daily Archives: April 1, 2016

Premature encashment value of KVP Certificates purchased after 01.4.16 declared

By | April 1, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G.S.R. 353(E).–In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules to amend the Kisan… Read More »

Interest on NSC Purchased after 01.4.2016 declared

By | April 1, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G.S.R. 354(E).—In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the… Read More »

Lucknow Metro gets 450 million Euro loan

By | April 1, 2016

Lucknow Metro gets 450 million Euro loan from European Investment Bank Loan agreement signed in the presence of Prime Minister in Brussels Lucknow Metro will get a loan assistance of 450 million Euros (Rs.3,502 cr) from European Investment Bank (EIB) for its Phase-1A project. An agreement in this regard was signed in Brussels on March… Read More »

Gold Monetisation Scheme made more attractive by Govt

By | April 1, 2016

Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of modifications have been made in the scheme to facilitate monetization of gold by people. The scheme has been further modified on 31st March, 2016. Now, for the… Read More »

Entry fee hike for World Heritage Monument

By | April 1, 2016

Enhancement of Entry fee at Centrally Protected Ticketed Monuments under Archaeological Survey of India It has been decided to enhance the entry fee at 116 Centrally protected ticketed monuments under Archaeological Survey of India. The enhancement comes after a period of more than 15 years as the last increase took place in 2000.  The fee… Read More »

VAT deduction at source in respect of works contract by Govt Dept under Delhi VAT

By | April 1, 2016

DELHI VAT  VAT deduction at source in respect of works contract- advisory to Govt. deptt.  All the government departments have been advised to deduct tax at the source and deposit the same with the Trade & Taxes Department. This Circular has been issued considering the fact that some of the Government Departments are carrying out… Read More »

Prevention of use of non-genuine transferable duty credit scrips or DFIA

By | April 1, 2016

CUSTOMS Prevention of use of non-genuine transferable duty credit scrips or DFIA (Duty Free Import Authorizations) In order to maintain a balance between common prudence, trade facilitation and enforcement and to curb the use of non-genuine transferable duty credit scrips or duty free import authorizations by unscrupulous persons, CBEC vide Circular No. 12/2016-CUS, dated March… Read More »

HP Vat : E- Declaration of tax invoices for inter state transactions

By | April 1, 2016

HIMACHAL PRADESH VAT  Electronic Declaration of tax invoices/ bills/ cash memos for intra-State movement of goods –  Amendment in Rule 61B of Himachal Pradesh Value Added Tax Rules, 2005  Himachal Pradesh Government vide Notification No. EXN-F(10)-7/2011- Vol I dated 28thMarch, 2016 has made it mandatory for e-declaration in Form VAT-XXVI by dealers before dispatching  taxable… Read More »

15CA / 15CB Filing Rules W.e.f 01.4.2016

By | April 1, 2016

Form No 15CA/ 15 CB Form No 15CA / 15 CB : -The CBDT has amended Rule 37 BB of the Income-tax Rules and made following changes  relating to form No 15CA and 15CB which are applicable from today itself i.e. 1st April 2016: Sec 195(6) states that The person responsible for paying to a non-resident,… Read More »