Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to… Read More »
MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 16th June, 2016 S.O. 2133(E).—In exercise of the powers conferred by sub-section (1) of Section 41 read with section 35 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010) and rule 17 of the Foreign Contribution (Regulation) Rules, 2011 and in supersession of the notification of… Read More »
Mumbai Port Announces Reduction in Port Charges for Coastal Ro-Ro Service In order to encourage the coastal movement of cargo specially automobiles by Ro-Ro ships and to meet the demand of the Auto Original Equipment Manufacture and Ro-Ro vessels operators, Mumbai Port Trust has reduced vessel related charges by about 10% on the applicable Scale… Read More »
New Berthing Policy for Dry Bulk Cargo for Major Ports in Place from 20th August 2016 Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective of the new Berthing Policy is to: • Provide a standardized… Read More »
Indian Economic Service/Indian Statistical Service Examination 2016 On the basis of the result of the written part of the Indian Economic Service/Indian Statistical Service Examination 2016 held by the U.P.S.C. in May, 2016, the candidates with the under mentioned Roll Numbers have qualified for Interview/Personality Test. The candidature of all these candidates who have qualified… Read More »
No Fee for MSME Registration Ministry of MSME has clarified today, that Udyog Aadhar Memorandum is the only form of registration for MSMEs in India and there is no fee for the registration. This has been clarified in view of some complaints received by the ministry, regarding fee charged by certain agencies for facilitating the… Read More »
The Expert Committee set on examining Specific Relief Act, 1963 submits its Report to Union Law & Justice Minister Recommends modifications for ensuring ease of doing business The Expert Committee set on examining the Specific Relief Act, 1963 today Submitted its Report To Union Law & Justice Minister Shri D.V.Sadananda Gowda here in New Delhi.… Read More »
Ministry of I&B issues Notice Inviting Applications (NIA) for e-auction of 266 Private FM Radio Channels in 92 Cities in Second Batch of FM Phase III Ministry of Information and Broadcasting, Government of India today issued the Notice Inviting Applications (NIA) for e-auction of 266 FM Radio channels in 92 cities in the second batch… Read More »
Quarterly Revision of Interest Rates for Small Savings Schemes On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest… Read More »
Major impetus to job creation and infrastructure: Radical changes in FDI policy regime; Most sectors on automatic route for FDI 20.06.2016 The Union Government has radically liberalized the FDI regime today, with the objective of providing major impetus to employment and job creation in India. The decision was taken at a high-level meeting chaired by… Read More »