NewsTaxIndia, Author at NewsTaxIndia

Compensation Received in Respect of Award or Agreement is Exempted from levy of Income Tax

October 25, 2016 NewsTaxIndia0 comments631 views

CBDT Circular No. 36/2016 – Taxability of the compensation received by the land owners for the land acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (‘RFCTLARR Act’) – reg. 1. Under the existing provisions of the … Continue Reading →

Indirect Taxes

Draft Rules for valuation of fair market value of Trust

October 25, 2016 NewsTaxIndia0 comments1007 views

Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg. The Finance Act, 2016, inter alia, inserted a new Chapter XII-EB consisting of sections 115TD, 115TE and 115TF … Continue Reading →

RBI

Debit and Credit Card Data Breach

October 25, 2016 NewsTaxIndia0 comments685 views

Debit and Credit Card Data Breach The Reserve Bank of India convened a meeting today with senior officials from select banks, National Payment Corporation of India and card network operators to review the steps taken by various agencies to contain the adverse fall out of … Continue Reading →

Income Tax

SMS Alert Service for Salaried Employees to Inform about their TDS Deposited Quarterly

October 25, 2016 NewsTaxIndia0 comments845 views

FM: Better tax payer services key to direct tax reforms; Launches SMS Alert Service for about 2.5 crore private and Government salaried employees in order to directly inform them about the deposit of tax deducted at the end of every quarter. The Union Finance Minister … Continue Reading →

RBI

RBI has Issued New Currency Note of Rupees 20 with ‘R’ inset letter

October 24, 2016 NewsTaxIndia0 comments1416 views

The Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, with the inset letter ‘L’ in both the number panels, bearing signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India and the year of printing ‘2016’ … Continue Reading →

Public News

Government Approves 4 Proposals of Foreign Direct Investment (FDI)

October 22, 2016 NewsTaxIndia0 comments809 views

Government Approves Four (4) Proposals of Foreign Direct Investment (FDI) Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 240th Meeting held on 26th September 2016, the Government of India has approved four (04) of Foreign Direct Investment (FDI) proposals as per details enclosed. The … Continue Reading →

Public News

Government Approves 4 Proposals of Foreign Direct Investment (FDI)

October 22, 2016 NewsTaxIndia0 comments1128 views

DGFT

List of the largest trading partners of India

October 21, 2016 NewsTaxIndia0 comments10115 views

List of the largest trading partners of India Source: Wikipedia, https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_India According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2015-2016. These figures include trade in goods and commodities, … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1246 views

Sovereign Gold Bond Scheme 2016 -17 – Series III – Issue Price: The issue price has been fixed at Rs. 2957/- (Rupees Two Thousand Nine Hundred Fifty Seven only) per gram of gold. RBI Press Release: 2016-2017/999 The Reserve Bank of India, in consultation with Government of … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1348 views