[To be published in the Gazette of India, Extraordinary, Part ll, section 3, sub-section (ii)l Government of India Ministry of Corporate Affairs ORDER New Delhi, the 3oth June, 2016. S.O. _ (E). – Whereas, the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on… Read More »
Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016 to Boost Employment Generation in General, Specially for Women: Shri Bandaru Dattatreya To Cover Shops and Establishments Employing Ten or more Workers Except Manufacturing Units Provides for more Worker Welfare Measures The Model Shops and Establishments (Regulation of Employment and Conditions of… Read More »
Income Declaration Scheme: Government assures complete confidentiality Scheme not be extended beyond September 30 : Revenue Secretary The Government has assured complete confidentiality to those declaring their income under the Income Declaration Scheme 2016. Addressing a press conference in Mumbai today, the Revenue Secretary, Government of India Shri Hasmukh Adhia said “no source will be… Read More »
Extension of time limit for taking central excise registration of an establishment by a jeweller The Central Government today announced that the time limit for taking central excise registration of an establishment by a jeweller is being extended up to 31.07.2016. The liability for payment of central excise duty will be with effect from 1st… Read More »
Rents Paid Deduction under Income Tax Act 1961 Section 80GG An individual can claim deduction under section 80GG if rents paid by him but not receiving any HRA from the employer. Conditions for Claiming Deduction of Rent Paid :- The least of following is allowed as deduction: a) Rent paid in excess of 10% of total… Read More »
The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme came into effect on 1st June, 2016. Declarations under the Scheme may be filed upto 30th September, 2016. Vide Circular No. 17 dated 20th… Read More »
RBI/IDMD/2016-17/29 Master Direction IDMD.PDRD.01/03.64.00/2016-17 July 1, 2016 All Primary Dealers Dear Sir / Madam Master Direction – Operational Guidelines for Primary Dealers The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) with respect to their operations. TheMaster Direction enclosed incorporates the updated guidelines/instructions/circulars on… Read More »
RBI/DBS/2016-17/28 DBS.CO.CFMC.BC.No.1/23.04.001/2016-17 July 01, 2016 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs Please refer to our letter DBS.CO.CFMC.BC.No.1/23.04.001/2015-16 dated July 01, 2015 forwarding the Master Circular on… Read More »
RBI/FIDD/2016-17/27 Master Direction FIDD No.FSD.BC.2/05.10.001/2016-17 July 1, 2016 Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2016 In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is… Read More »
RBI/IDMD/2016-17/30 IDMD.CDD No.2989/13.01.299/2016-17 July 1, 2016 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Master Directions on Relief/Savings Bonds The… Read More »