The Real Estate (Regulation and Development) Act, 2016 Penal Provisions Chapter VIII of the Act contains the provisions relating to Offences, Penalties and Adjudication. The quantum of the penalty is severe which is evidenced from the following table: Nature of contraventions Penalties Section 59(1): Contravenes the provisions of section 3 (Failure to get Registration of… Read More »
The Supreme Court allowed the Income Tax department to reopen a 2001 tax case against super star Amitabh Bachchan pertaining to this income from the show Kaun Banega Crorepati (KBC). IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.5009 OF 2016 [Arising out of S.L.P.(C) No.11621 of 2009] COMMISSIONER OF INCOME TAX,… Read More »
Import of Radio remote control apparatus Amendment in import policy under Exim Code 85269200 of Chapter 85 of ITC (HS), 2012, Schedule – I (Import Policy).
The Accounting Standards Board (ASB) of the ICAI has constituted ‘Ind AS Transition Facilitation Group’ (ITFG)1 for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Standards) Rules, 2015, raised by preparers, users and other stakeholders. 1 Announcement on the Constitution… Read More »
THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 1] MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 9th May, 2016/Vaisakha 19, 1938 (Saka) The following Act of Parliament received the assent of the President on the 6th May, 2016, and is hereby published for general information:— THE MINES AND MINERALS (DEVELOPMENT AND REGULATION) AMENDMENT… Read More »
Ministry of Corporate Affairs For Form No. GNL-1 and Form No. GNL-4, following forms shall respectively be substituted, namely:-
THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 1] MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 9th May, 2016/Vaisakha 19, 1938 (Saka) The following Act of Parliament received the assent of the President on the 6th May, 2016, and is hereby published for general information:— THE CONSTITUTION (SCHEDULED CASTES) ORDER (AMENDMENT) ACT, 2016… Read More »
CIRCULAR NO.13/2016 [F.NO.225/46/2016-ITA.II], DATED 9-5-2016 VERTIFICATION OF TAX RETURNS FOR ASSESSMENT YEARS 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 AND 2014-15 THROUGH EVC WHICH ARE PENDING DUE TO NON-FILING OF ITR-V FORM AND PROCESSING OF SUCH RETURNS Under the earlier system of e-filing, in tax-returns which were to be filed electronically without a digital signature, taxpayer had… Read More »
Ministry of Finance 10-May, 2016 India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal… Read More »
Circular No.1029/17/2016-CX F.No. 267/33/2014-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 10th May, 2016 To The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Excise & Service Tax (All) Webmaster Sub:… Read More »