Daily Archives: November 22, 2015

5 key areas discussed in 10th East Asia Summit by Prime Minister of India

By | November 22, 2015

Prime Minister’s Office Govt of India on 22-November, 2015 Remarks by Prime Minister at the 10th East Asia Summit in Kuala Lumpur Your Excellency Prime Minister Dato’ Sri Mohammad Najib, Your Majesty, Excellencies, Prime Minister Najib and the people of Malaysia deserve our deepest appreciation for outstanding arrangements for the Summits in this beautiful city… Read More »

Prime Minister Speech to Indian Community in Malaysia

By | November 22, 2015

Prime Minister’s Office , Govt of India on 22-November, 2015 Speech by Prime Minister Shri Narendra Modi To the Indian Community in Malaysia (Kuala Lumpur, 22 November 2015) Vanakkam My dear friends, brothers and sisters Ungalil palar tamilnattai sernthavargal. Many of you are from Tamil Nadu.. Ungal anaivarukkum vanakkam. Vanakkam to all of you Indiavin… Read More »

PM Speech in Malaysia on Swami Vivekananda

By | November 22, 2015

Press release by Prime Minister’s Office , Govt of India on 22-November, 2015 Text of PMs statement at Statue Unveiling Ceremony of Swami Vivekananda in Kuala Lumpur, Malaysia भाइयो और बहनों। अभी सुप्रियान जी कह रहे थे कि हमने इस परिसर में तो विवेकानंद जी की प्रतिमा की स्था्पना की, पर हम हमारे मन-मंदिर में,… Read More »

Report of the Kelkar Committee on Revisiting & Revitalizing PPP Model of Infrastructure Development

By | November 22, 2015

Press release by Ministry of Finance, Govt of India on 19-November, 2015 Report of the Kelkar Committee on Revisiting & Revitalizing the PPP Model of Infrastructure Development Submitted to the Finance Minister Report of the Kelkar Committee on Revisiting & Revitalizing the PPP model of Infrastructure Development submitted to the Finance Minister today in New… Read More »

Interest not received on doubtful loan can’t be taxed on accrual basis

By | November 22, 2015

Facts of the Case:- Assessee had advanced certain amount to a party on interest that said amount was outstanding and income from interest accrued had not been shown in the return. Assessing Officer View Point :- Assessing Officer, invoking the provisions of section 145, held that the interest was accrued to assessee for the year… Read More »

Amount not invested in Capital Gains Account Scheme but construction completed before due date of filing return under 139(4)

By | November 22, 2015

Facts of the Case The assessee’s property was transferred vide Memorandum dated 12-12-2007 when he relinquished his rights in the said property for a consideration of Rs. 1.25 crores credited in his bank account on 18-1-2008. The assessee having computed the LTCG on transfer of his share of the said property claimed that the entire… Read More »

GUIDELINES FOR INDIAN STUDENTS SEEKING GRADUATE MEDICAL QUALIFICATIONS (MBBS or equivalent) FROM FOREIGN COUNTRIES

By | November 22, 2015

GUIDELINES FOR INDIAN STUDENTS SEEKING GRADUATE MEDICAL QUALIFICATIONS (MBBS or equivalent) FROM FOREIGN COUNTRIES (Ministry of  Health and Family welfare,Govt of India) 1. It is open to Indian students to seek medical qualification from any recognized medical education institution in a foreign country. 2. Such students in order to practice in India after completion of… Read More »

Comments on Proposed Plan of Phasing Out Exemptions and Deductions under the Income-Tax Ac

By | November 22, 2015

Press release Ministry of Finance of Govt of India on 20-November, 2015 Government Calls for Comments on Proposed Plan of Phasing Out Exemptions and Deductions under the Income-Tax Act in Order to Bring Down Rate of Corporate Tax from 30% to 25%  The Union Finance Minister Shri Arun Jaitley in his Budget Speech 2015 had… Read More »

Indirect Tax Ombudsmen for Complaints of Customs,Excise and Service Tax

By | November 22, 2015

Press release by Ministry of Finance Govt of India on 20-November, 2015 Chairman, CBEC holds a Meeting to strengthen the Institution of Indirect Tax Ombudsmen (ITOM); ITOM, in turn, to hold Meetings with the Trade and Industry Associations in their Jurisdiction and Encourage the Taxpayers to bring forth their Problems/ Issues. The Indirect Tax Ombudsmen… Read More »

Award of President’s Standard to No. 18 Squadron and No. 22 Squadron

By | November 22, 2015

Press release by Ministry of Defence of Govt of India on 20-November, 2015 The President of India and the Supreme Commander of Indian Armed Forces, Shri Pranab Mukherjee will be awarding the prestigious President’s Standard to     No. 18 Squadron and No. 22 Squadron, in a grand ceremonial parade, scheduled to be held at Air Force… Read More »

Rabi Crops Sowing Crosess 242 Lakh Hactare

By | November 22, 2015

Press release by Ministry of Agriculture of Govt of India on 20-November, 2015            As per preliminary reports received from the fields. The total area sown under Rabi crops as on20th November, 2015 stands to 242.16 lakh hectares. Wheat has been sown/transplanted in 78.83 lakh hectares, pulses in 74.06 lakh hectare coarse cereals in 38.48 lakh… Read More »

Smart cities to provide for Piped Natural Gas supply and CNG stations

By | November 22, 2015

Press release by Ministry of Urban Development Govt of India on 21-November, 2015 Smart cities asked to provide for Piped Natural Gas supply and CNG stations Convergence of energy supply and infrastructure schemes in Smart City Plans called for Evidence based smart city strategic plans key for selection in second stage of competition, says UD… Read More »

First Passenger Carrying Train Between Silchar – Guwahati

By | November 22, 2015

Press Release Ministry of Railways of Govt of India on 21-November, 2015 Suresh Prabhu Flags Off First Passenger Carrying Train Between Silchar – Guwahati Through The Newly Constructed Broad Gauge Section Lumbding –Silchar in Assam The Flag Off Of The New Train Was Done Through Remote Control From Delhi By Organizing A Video Conferencing Between… Read More »

Implementation of UNSCR 2140( 2014) and 2216(2015) pertaining to Yemen

By | November 22, 2015

RBI/2015-16/243 DBR.AML.No.6912/14.06.001/ 2015-16 November 20, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who… Read More »