Master Circular- Credit Facilities to Minority Communities – Modification
Posted Date : 30-Sep-2016 , 08:02:38 am | Posted By: CASANSAAR
RBI/2016-17/67
FIDD.GSSD.BC.No.15/09.10.01/2016-17
September 29, 2016
The Chairman/ Managing Director
All Scheduled Commercial Banks
(excluding RRBs and Foreign banks with less than 20 branches)
Dear Sir / Madam,
Master Circular- Credit Facilities to Minority Communities – Modification
Please refer to ourMaster Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016.
2. In partial modification of the Circular, para 2.1 under “Definition of Minority Commu...
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RBI |
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‘Doubling Farmers’ Income by 2022’ - Measures
Posted Date : 30-Sep-2016 , 08:01:55 am | Posted By: CASANSAAR
RBI/2016-17/66
FIDD.CO.LBS.BC.No.16 /02.01.001/2016-17
September 29, 2016
The Chairman and Managing Directors
SLBC Convener Banks/ Lead Banks
Dear Sir/ Madam,
‘Doubling Farmers’ Income by 2022’ - Measures
As you are aware, the Government of India in the Union Budget 2016-17 had announced its resolve to double the income of farmers by 2022. Several steps have been taken towards attaining this objective including setting up of an inter-ministerial committee for p...
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RBI |
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Non-PAN Holders can file IDS declarations by quoting acknowledgment no. of PAN application - CBDT
Posted Date : 28-Sep-2016 , 08:06:40 pm | Posted By: CASANSAAR
The Income Declaration Scheme, 2016 (the Scheme) has come into effect from 1st June, 2016 and is open for declarations upto 30.09.2016. During the video conference held on 24.09.2016, concern was raised by field authorities that there can be few cases where the assessees may not have PAN but would like to file declaration under the Scheme towards the date of closure of the Scheme. In such cases, the assessee may not get PAN by the date of closure of the Scheme i.e. 30.09.2016...
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Income Tax |
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Service Tax Return Form ST-3 Revised - CBEC
Posted Date : 28-Sep-2016 , 07:51:18 pm | Posted By: CASANSAAR
Service Tax Return Form ST-3 has been amended vide Notification No.43/2016 dated 28thSeptember 2016.
In exercise of the powers conferred by sub-section (1) read with subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994,namely:-...
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Service Tax |
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Companies (Management and Administration) Amendment Rules, 2016
Posted Date : 27-Sep-2016 , 07:53:55 am | Posted By: CASANSAAR
-ln exerciseof the powers conferred by sub-scrtions (l) and (2) of Section 469 of the Companies Act, 2013 (18 of 2013), the Cenhal Govenrment hereby makes the following rules further to amend thc Companies (Manangement and Administration) Rules, 20I4, namely -...
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Companies Act |
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Setting up Custom Clearance Facilitation Committee
Posted Date : 23-Sep-2016 , 07:50:45 am | Posted By: CASANSAAR
Custom Circular no. 44, Dated 22/09/2016 - Setting up Custom Clearance Facilitation Committee for Land Customs Stations and Inland Container Depots...
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Custom |
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Clarification on providing info U/s. 138 of I Tax Act, 1961
Posted Date : 22-Sep-2016 , 11:25:00 am | Posted By: May I Help You.
F. NO. 225/120/2016/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi
Dated the 21st of September, 2016
Subject: Providing information under section 138 of Income-tax Act, 1961- clarification in respect of Notification No. SO 576 dated 23.05.2003 issued by CBDT- regd.-
Section 138 of the Income-tax Act, 1961 (‘Act’) deals with mechanism for disclosure of information in respect of assessees under the...
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Income Tax |
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Press Release on FAQ on GST by CBEC
Posted Date : 22-Sep-2016 , 11:17:15 am | Posted By: CASANSAAR
PRESS NOTE Dated: 21.09.2016
Press Release on FAQ on GST by CBEC
The journey to rollout the Goods and Services Tax (GST) has commenced with the enactment of the 101st Constitution Amendment Act, 2016 on 8th September, 2016 and the subsequent notifications. The GST is a new fiscal law and it is necessary that tax officers and the trade are suitably aware of the law. In this backdrop, CBEC as a part of capacity building exercise has prepared a compilation of FAQ on GST. The FAQ will serve...
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Service Tax |
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Service Tax Certificate for transportation of Goods by Rail (STTG Certificate)
Posted Date : 21-Sep-2016 , 08:02:14 am | Posted By: CASANSAAR
Service Tax Certificate for transportation of Goods by Rail (STTG Certificate), Circular No.1048/36/2016, Dated 20-09-2016...
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Service Tax |
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RBI issues updated master direction on reporting under FEMA
Posted Date : 21-Sep-2016 , 07:58:44 am | Posted By: CASANSAAR
Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions. The Reserve Bank, therefore, has prescribed various reports and forms under FEMA to be submitted by/ through Authorised Persons/ Authorised Dealer Category – I Banks/ Authorised Banks. Accurate compilations and timely submission of these reports are of critical importance as they not only act a...
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RBI |
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Display board asking to contact CBI if bribe is demanded: CBDT
Posted Date : 20-Sep-2016 , 08:15:28 am | Posted By: CASANSAAR
File No. A-27023/21/2016-Ad.VI (A)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Dated: 19th September, 2016
OFFICE MEMORANDUM
Subject: Installation of Display Board asking people to contact CBI in case of any demand for bribe- reg.
The undersigned is directed to circulate a d.o. letter dated dated 05.09.2016 from the Director, CBI, thereby requesting that a message on the following lines in Hindi/Local language and English in ...
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CBDT |
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RBI Circular - Issuance of EMV Chip and PIN Cards
Posted Date : 15-Sep-2016 , 10:06:36 pm | Posted By: CASANSAAR
RBI/2016-17/63
DPSS.CO.PD No.812/02.14.003/2016-17
September 15, 2016
All Scheduled Commercial Banks including RRBs/
Co-operative Banks / State Co-operative Banks/
Central Co-operative Banks/ Authorised Card Payment Networks
Dear Madam / Sir,
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions – Issuance of EMV Chip and PIN Cards
A reference...
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RBI |
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CBDT clarification regarding extension of ITR & TAR Date
Posted Date : 14-Sep-2016 , 09:17:36 pm | Posted By: CASANSAAR
F. No. 225/195/2016-ITA II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi
Dated the 14th of September, 2016
Clarification req. u/s 119 of the Income-tax Act, 1961 dated 9th September 2016
Central Board of Direct Taxes, vide order u/s 119 of the Income-tax Act, 1961 (Act) dated 9th September, 2016, has extended the ‘due date’ for filing of income tax returns by the taxpayers whose accounts are audite...
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CBDT |
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Changes in Schedule V of the Companies Act by MCA
Posted Date : 13-Sep-2016 , 09:58:34 am | Posted By: CASANSAAR
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (ii)]
Government of India
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, 12th September, 2016.
S.O. (E). In exercise of the powers conferred by sub-sections (1) and (2) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to amend Schedule V of the said Act, namely:—
2. In Schedule V of the Companies Act, 2013,-
...
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Companies Act |
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Companies (Mediation and Conciliation) Rules
Posted Date : 13-Sep-2016 , 09:56:43 am | Posted By: CASANSAAR
Companies (Mediation and Conciliation) Rules, Dated 09-09-2016
CLICK ON THE LINK...
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Companies Act |
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GST Council provisions notified w.e.f 12.09.2016
Posted Date : 11-Sep-2016 , 11:08:42 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 10th September, 2016
S.O. 2915(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Constitution (One Hundred and First Amendment) Act, 2016, the Central Government hereby appoints the 12th day of September, 2016 as the date on which the provisions of section 12 of the said Act shall come into force.
[F. No. 31011/09/2015-SO (ST)]
UDAI SINGH KUMAWAT, Jt. Secy.
—&...
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Service Tax |
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Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter
Posted Date : 08-Sep-2016 , 09:47:43 pm | Posted By: CASANSAAR
RBI/2016-17/62
DBR.No.Leg.BC. 13/09.07.005/2016-17
September 8, 2016
The Managing Directors/Chief Executive Officers
All Scheduled Commercial Banks (including RRBs)
Dear Sir,
Income Declaration Scheme, 2016 –
Acceptance of Cash Over the Counter
Please refer to theCircular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008wherein banks have been advised to ensure that their branches invariably accept cash from all their customers who desire to deposit cash at the co...
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RBI |
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All about ST Exemption on renting of precincts of a religious place
Posted Date : 07-Sep-2016 , 10:37:26 am | Posted By: CASANSAAR
F.No. 354/45/2016-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
Circular No. 200/10/2016-Service Tax
Dated: 6th September, 2016
To
Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer Services
Principal Commissioners/ Commissioners of Customs and Centr...
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Service Tax |
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Service Tax Notification No. 40/2016
Posted Date : 07-Sep-2016 , 10:33:27 am | Posted By: CASANSAAR
GSR_______(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.25/2012-Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vi...
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Service Tax |
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Master Circular on Branch Authorisation - Census data 2011
Posted Date : 02-Sep-2016 , 07:57:26 am | Posted By: CASANSAAR
RBI/2016-17/60
DBR.No.BAPD.BC.12/22.01.001/2016-17
September 1, 2016
All Commercial Banks (excluding RRBs)/
(Including Small Finance Banks and Payments Banks)
Madam/Dear Sir,
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch
Authorisation - Census data 2011
Please refer to our Master circular on Branch AuthorisationDBOD.No.BAPD.BC.7/22.01.001/2014-15 dated July...
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RBI |
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Merchant Discount Rates (MDR) structure – unbundling of charges
Posted Date : 02-Sep-2016 , 07:56:43 am | Posted By: CASANSAAR
RBI/2016-17/59
DPSS.CO.PD No.639/02.14.003/2016-17
September 1, 2016
All Scheduled Commercial Banks including RRBs/ Co-operative Banks/
State Co-operative Banks/ Central Co-operative Banks/ Authorised Card Payment Networks
Dear Madam / Sir,
Merchant Discount Rates (MDR) structure – unbundling of charges
A reference is invited to our circularsDPSS.CO.PD.No.2361/02.14.003/2011-12 dated June 28, 2012andDPSS.CO.PD.No.27/02.14.003/2012-13 dated July 04, 2012wherein directions p...
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RBI |
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Free Annual Credit Report to Individuals
Posted Date : 02-Sep-2016 , 07:56:06 am | Posted By: CASANSAAR
RBI/2016-17/58
DBR.CID.BC.No.11/20.16.042/2016-17
September 1, 2016
All Credit Information Companies
Dear Sir/Madam
Free Annual Credit Report to Individuals
As you are aware, the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) had recommended that each customer of a credit institution should be provided one base level consumer Credit Information Repo...
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RBI |
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Advances against Term Deposits of Non-members
Posted Date : 02-Sep-2016 , 07:55:15 am | Posted By: CASANSAAR
RBI/2016-17/57
DCBR.BPD (PCB).BC.No.3/12.05.001/2016-17
September 1, 2016
The Chief Executive Officers
Salary Earners Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Advances against Term Deposits of Non-members
In terms of our circular UBD.No.BL.(SEB)5A/07.01.00-2001/02 dated August 8, 2001, Salary Earners’ Primary (Urban) Co-operative Banks (SEBs) applying for permission to open branches should ensure, inter alia, that their byelaws do not contain provisions for givin...
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RBI |
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Guidelines on Sale of Stressed Assets by Banks
Posted Date : 02-Sep-2016 , 07:54:32 am | Posted By: CASANSAAR
RBI/2016-17/56
DBR.No.BP.BC.9/21.04.048/2016-17
September 1, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Stressed Assets by Banks
The Reserve Bank of India, as part of the Framework for Revitalising Distressed Assets in the Economy, had amended certain guidelines relating to sale of non-performing assets (NPAs) by banks to Securitisatio...
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RBI |
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Targets and Classification: Lending to non-corporate farmers
Posted Date : 02-Sep-2016 , 07:52:10 am | Posted By: CASANSAAR
RBI/2016-17/55
FIDD.CO.Plan.BC.14/ 04.09.01/2016-17
September 1, 2016
The Chairman/ Managing Director
Chief Executive Officer
[All Domestic Scheduled Commercial Banks
(excluding Regional Rural Banks)]
Dear Sir/ Madam,
Priority Sector Lending - Targets and Classification: Lending to non-corporate farmers – System wide average of last three years
It was communicated vide our...
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RBI |
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Enquiry or investigation in respect of document/evidence relating to IDS 2016 found during the course of Search
Posted Date : 02-Sep-2016 , 07:49:58 am | Posted By: CASANSAAR
The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) came into effect on 1st June, 2016. To address doubts and concerns raised by the stakeholders, the Board has issued five sets of FAQs vide Circular Nos. 17, 24, 25,27 & 29 of 2016. To allay apprehensions relating to the income/asset declared under the Scheme vis-à-vis search and survey action by the Income-tax Department, the following clarification is issued....
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Income Tax |
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Rebate of State Levies on Export of Garments – Implementation by CBEC
Posted Date : 01-Sep-2016 , 07:41:49 am | Posted By: CASANSAAR
The Government of India has decided to adopt a mechanism wherein the rebate of State levies on garment exports is provided based on a budgetary allocation of the Ministry of Textiles under a scheme in which the Department of Revenue/Central Board of Excise and Customs (CBEC) handles disbursement along with the extant Duty Drawback....
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Custom |
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CBDT Extends due date for quarterly furnishing of form 15G/155H
Posted Date : 01-Sep-2016 , 07:39:24 am | Posted By: CASANSAAR
F.No. DGIT(S)/CPC(TDS)/DCIT/15GH /2016-17
Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income-tax(Systems)
New Delhi.
Notification No. 10/2016-Income Tax
New Delhi, 31st August, 2016
Subject: Extension of due date for quarterly furnishing of 15G/15H declarations –reg
1. The due date for quarterly furnishing of 15G/15H declarations received by the payer from 1.4.2016 onwards and the manner for dealing with Form 15G/15H received by payer...
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CBDT |
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Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines
Posted Date : 31-Aug-2016 , 07:17:29 am | Posted By: CASANSAAR
RBI/2016-17/54
IDMD.CDD.No.463/14.04.050/2016-17
August 29, 2016
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.( SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines
This has reference to theGoI notification F.No.4(7)-W&M/2016andRBI circular IDMD.CDD.No. 462/14...
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RBI |
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Sovereign Gold Bonds 2016-17 – Series II
Posted Date : 31-Aug-2016 , 07:15:35 am | Posted By: CASANSAAR
RBI/2016-17/53
IDMD.CDD.No.462/14.04.050/2016-17
August 29, 2016
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds 2016-17 – Series II
Government of India has, vide itsNotification F.No. 4(7)-W&M/2016 dated August 29, 2016, announced that the Sovereign G...
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RBI |
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