Monthly Archives: May 2016

e-Governance and E-courts usage started in ITAT

By | May 26, 2016

Dv Sadananda Gowda highlights achievements/initiatives of Ministry of Law & Justice in last two years Union Law & Justice Minister Shri D.V. Sadanada Gowda today addressed  the media here in New Delhi and gave an account of the achievements/initiatives of ministry his ministry  in last two years. Following is the detail of his narrations:  Initiatives… Read More »

E-assessment in Hyderabad and Kolkata during FY 2016-17

By | May 26, 2016

Extension of Scheme for E-assessment to Hyderabad and Kolkata during the Current Financial Year 2016-17 Paperless assessment/ e-mail based assessment on a pilot basis was commenced in the financial year 2015-16 in non-corporate charges of five cities i.e. Ahmedabad, Bangalore, Chennai, Delhi and Mumbai. The e-mail based assessment scheme has now been extended to two… Read More »

Bharatavani Portal : Largest Online Repository of Dictionaries in India

By | May 26, 2016

Union HRD Minister Launches Bharatavani Portal Bharatavani Becomes the Largest Online Repository of Dictionaries in India on its Very First Day  The Union HRD Minister, Smt Smriti Zubin Iani launched the multilingual knowledge portal www.bharatvani.in  at Lucknow on 25.05.2016. While launching the app the Minister said that under the Prime Minister Shri Modi’s Digital India Mission,… Read More »

Delhi vat 4th Quarter return FY 2015-16 Extended

By | May 25, 2016

Delhi Value Added Tax Rules, 2005 CIRCULAR NO.07 OF 2016-17 [NO.F.7 (420)/VAT/POLICY/2011/PF/264-269], DATED 23-5-2016 In partial modification to this department’s Circular No. 05 of 2016-17 on the subject cited above and in exercise of the powers conferred under rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S. Yadav, Commissioner, Value Added Tax,… Read More »

Share Transfer to Non resident : RBI Relaxes Payment norms under FEMA

By | May 25, 2016

NOTIFICATION NO.FEMA.368/2016-RB/GSR 537(E), DATED 20-5-2016 In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a… Read More »

CSR activities through Trust, Sec 8 companies,society allowed

By | May 25, 2016

Amendment in Companies (Corporate Social Responsibility Policy) Rules, 2014 NOTIFICATION NO. GSR 540(E) [F.NO.05/12/2016-CSR-CELL], DATED 23-5-2016 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate… Read More »

Jurisdiction for making declaration under Income Declaration Scheme 2016

By | May 25, 2016

Circular No.19/2O16 F.No I87 / 10 / 20 16.ITA.I Government of India Ministry of Finance Department of Revenue  Central Board of Direct Taxes (Income-Tax) New Delhi, the 25th’ May,2016 Income Declaration Scheme, 2016, introduced vide Finance Act, 2016 (28 of 2016 J, provides an opportunity to persons who have not paid full taxes in the… Read More »

TDS on Payment to Contractor : section 194C

By | May 25, 2016

TDS on Payment to Contractor TDS on Payment to Contractor is covered under Section 194C of Income tax act TDS on Payment to Contractor : Salient Features of Section 194C : No TDS on payment to contractor during the course of business of plying, hiring or leasing goods carriages, where such contractor owns 10 or less goods carriages… Read More »

National Capital Goods Policy approved by Govt

By | May 25, 2016

National Capital Goods Policy The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for National Capital Goods Policy. This is first ever policy for Capital Goods sector with a clear objective of increasing production of capital goods from Rs.2,30,000 crore in 2014-15 to Rs.7,50,000 crore in 2025 and raising… Read More »

Juvenile Justice Act 2015 Draft Model Rules released

By | May 25, 2016

Juvenile Justice (Care and Protection of Children) Act, 2015 Smt Maneka Sanjay Gandhi releases Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015 The Union Minister of Women and Child Development, Smt Maneka Sanjay Gandhi released the Draft Model Rules under the Juvenile Justice (Care and Protection of Children) Act, 2015… Read More »