7 VITAL POINTS ON NIDHI COMPANY REGISTRATION (NIDHI LTD) By CA Paras Mehra Many people in India do the business of finance without being registered anywhere, due to this, they have to either close down their business or face the penal consequence of law. The main reason behind being unregistered is the cost and time… Read More »
Facts of the case The facts, in brief, are that the assessee acquired some property vide family arrangement dated 10/08/2006. This flat was received by the assessee as per wishes and intent of his grandmother Ms. Kantaben K. Shah, who expired on 10/12/1999. Since, the grandmother died intestate (without will), therefore, in order to transfer… Read More »
CENVAT CREDIT (FIFTH AMENDMENT) RULES, 2016 – AMENDMENT IN RULES 4 AND 6 NOTIFICATION NO.24/2016-C.E.(N.T.), DATED 13-4-2016 In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to… Read More »
SECTION 398 OF THE COMPANIES ACT, 2013 – PROVISIONS RELATING TO FILING OF APPLICATIONS, DOCUMENTS, INSPECTION, ETC., IN ELECTRONIC FORM – RELAXATION OF ADDITIONAL FEES AND EXTENSION OF LAST DATE OF FILING OF VARIOUS E-FORMS UNDER COMPANIES ACT GENERAL CIRCULAR NO.3/2016 [F.NO.01/34/2013 CL-V], DATED 12-4-2016 This Ministry has launched V2R2 on 28th March, 2016, downtime… Read More »
Securities and Exchange Board of India PRESS RELEASE PR No. 77/2016 Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 22/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in the public interest so to do,… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act,1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24/2016-Service Tax New Delhi, the 13th April, 2016 G.S.R.—(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further… Read More »
Circular No. 192/02/2016-Service Tax F.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated- April 13, 2016 To Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer… Read More »
Clarification on IIT Fee Changes This is with reference to the decision of the IIT Council revising fee for the undergraduate programmes. Ministry of Human Resource Development has clarified that the revised fee would be applicable for students taking admission starting from academic year 2016-17 onwards. The students currently studying would continue to pay at… Read More »