Monthly Archives: May 2016

Tax benefits of House in India

By | May 25, 2016

Tax benefits of House 1.  Tax benefits of House : Capital Gain Exemption in case of purchase of residential on Sale of residential house Section 54 of the Income Tax Act, provide for exemption for long term capital gains . Following are the conditions Exemption to individual or a Hindu undivided family The capital gain arises from… Read More »

Foreign company said to be resident in India

By | May 25, 2016

Foreign company said to be resident in India. Section – 56 of Finance Acts – 2016 Inserted new Chapter XII-BC (Section XII-BC) Section 115JH in Income tax act 1961 relating to Foreign company said to be resident in India. Insertion of new Chapter XII-BC. 56. After Chapter XII-BB of the Income-tax Act, the following Chapter shall be… Read More »

Indore SEZ included at Appendix – 1A & Appendix 6J of Appendices and Aayat Niryat Forms

By | May 25, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 12/2015-2020 NEW DELHI, DATED THE 24 May, 2016 Subject: Amendment in Appendix – 1A and 6J of Appendices and Aayat Niryat Forms of 1-1-1) 2015-20 Jurisdiction of Special Economic Zones under Para.6.34 of Handbook of Procedure… Read More »

Inclusion of Regional Office. Joint DGFT. Rajkot in jurisdiction of Committee on Quality Complaint & Trade Dispute

By | May 25, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 11/2015-2020 NEW DELHI DATED 24, MAY 2016 Subject: Inclusion of Regional Office. Joint DGFT. Rajkot in the jurisdiction of Committee on Quality Complaint & Trade Dispute (CQCTD) in Chapter-8 of Hand Book of Procedures, 2015-2020. In… Read More »

Uniform entrance examination for undergraduate/ post-graduate level

By | May 25, 2016

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 24th May, 2016/Jyaistha 3, 1938 (Saka) THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE, 2016 No. 4 OF 2016 Promulgated by the President in the Sixty-seventh Year of the Republic of India. An Ordinance further to amend the Indian Medical Council Act, 1956. WHEREAS Parliament is not… Read More »

Tax defaulters >Rs 1Cr, name publication in Public Domain

By | May 25, 2016

F.No, 404/02/2011-ITCC Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes * * * New Delhi, the 24th May,2016. To, An Pr. Chief Commissioners of Income Tax/CCsIT All Pr. Director  General of Income Tax/ DGsIT Sir/ Madam, Subject:- Publication of names of Tax defaulters in Public Domain- regarding. Reference is… Read More »

NEET (UG) Exemption for States only for one year

By | May 25, 2016

Shri J P Nadda: Ordinances on NEET (UG) give it firm statutory support and backing to bring in transparency in examinations “Lakhs of students stand benefitted through the Ordinances” “Exemption from NEET (UG) for States only for a year” Union Minister of Health and Family Welfare Shri J P Nadda stated here today that The… Read More »

NEET Ordinance 2016 notification by Govt

By | May 25, 2016

Ministry of Law and justice (legislative Department) New Delhi , the 24th May 2016 THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE 2016 Download the Neet Ordinance on THE INDIAN MEDICAL COUNCIL (AMENDMENT) ORDINANCE 2016 Ministry of Law and justice (legislative Department) New Delhi , the 24th May 2016 THE DENTISTS (AMENDMENT) ORDINANCE 2016 Download Neet Ordinance Notification  on… Read More »

Payment of Service Tax : Quarterly for HUF /One person co

By | May 24, 2016

 Payment of Service Tax (After Finance Act 2016 Amendment w.e.f 01.04.2016) Read Also Finance Act 2016 Notified by Indian Govt Date of Payment of Service Tax by HUF / One Person Company w.e.f. 1-4-2016 ,Rule 6 of the Service Tax Rules, 1994 is being amended by Finance Act 2016 to extend the benefit of quarterly payment… Read More »

13 more Smart Cities announced in India

By | May 24, 2016

Lucknow tops Fast Track competition; 13 more Smart Cities announced Warangal, Bhagalpur, Raipur, New Town Kolkata, Port Blair, Imphal, Ranchi among the winners Tie between Meerut and Rai Bareilly in UP and Jammu and Srinagar to be resolved Urban renaissance set in motion as part of country’s transformation, says Shri M.Venkaiah Naidu 5 year action… Read More »