Monthly Archives: June 2016

Rules for FMV of assets held by company registered outside India notified

By | June 30, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th June, 2016 INCOME-TAX [Notification No. 55 /2016/F. No. 142/26/2015-TPL] S.O. 2226(E).—In exercise of the powers conferred by section 9 and section 285A, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct… Read More »

Ragging defined by University Grants Commission

By | June 30, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III —SEC. 4] UNIVERSITY GRANTS COMMISSION NOTIFICATION New Delhi, the 29th June, 2016 No. F. 1-15-/2009 (ARC).—In exercise of powers conferred under clause (g) of sub-section (1) of section 26 of the University Grants Commission Act, 1956 (3 of 1956), the University Grants Commission hereby makes the following… Read More »

Prime Minister speaks on Income Declaration Scheme in Mann ki Baat

By | June 30, 2016

Prime Minister speaks on Income Declaration Scheme in Mann ki Baat The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the benefits of declaring hitherto undeclared assets under this scheme.  He asked people to declare their undisclosed income and assets,… Read More »

Govt considers Model Shops and Establishments bill 2016

By | June 30, 2016

Cabinet considers Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has considered the Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016. The Bill will now be sent to States/UTs to enable them to modify… Read More »

Govt approves National Mineral Exploration Policy

By | June 30, 2016

Cabinet approves National Mineral Exploration Policy The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the National Mineral Exploration Policy (NMEP). The NMEP primarily aims at accelerating the exploration activity in the country through enhanced participation of the private sector. There is a need for comprehensive mineral exploration of the country… Read More »

Govt approved recommendations of 7th Central Pay Commission

By | June 30, 2016

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission    The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7th Central Pay Commission (CPC) on pay and pensionary benefits.   It will come into effect from 01.01.2016. In the past, the employees had to… Read More »