Daily Archives: March 2, 2016

New Penalty for underreporting and misreporting of income under Income tax act

By | March 2, 2016

Penalty for underreporting and misreporting of income As per Finance Bill 2016 the following section shall be inserted in Income tax act 1961 with effect from the 1st day of April, 2017, namely:— ‘Section 270A. (1) The Assessing Officer or the Commissioner (Appeals) or the Principal Commissioner or Commissioner may direct that any person who… Read More »

E filing of Income tax Appeal to CIT (appeals)

By | March 2, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Income-tax NOTIFICATION New Delhi, the 1st March, 2016 S.O. 637 (E).─ In exercise of the powers conferred by sub-section (1) of section 249, read with section… Read More »

Infrastructure Cess as levied in Finance Bill 2016

By | March 2, 2016

CHAPTER VII OF  FINANCE BILL 2016 INFRASTRUCTURE CESS Infrastructure Cess Section 159. (1) In the case of goods specified in the Eleventh Schedule, being goods manufactured or produced, there shall be levied and collected for the purposes of the Union, a duty of excise, to be called the Infrastructure Cess, at the rates specified in the… Read More »

Govt Scheme to develop hidden talents of boys/girls

By | March 2, 2016

Scheme to develop hidden talents of boys/girls The Minister of State (Independent Charge) for Youth Affairs & Sports, Shri Sarbananda Sonowal has said that the Ministry of Youth Affairs & Sports had launched the National Sports Talent Search Scheme (NSTSS) in the year 2015 which aimed at (i) identifying sporting talent among students in the… Read More »

Railway Measures to Prevent Misuse E-Ticket

By | March 2, 2016

Measures to Prevent Misuse E-Ticket Various remedial measures have been taken by the Railways to check the misuse of e-tickets including the following:- 1. Carrying of any one of the prescribed proofs of identity at the time of undertaking journey on e-tickets. 2. CAPTCHA has been put in place to check booking in batch mode… Read More »

Indian Railways dedicated Bar Code and Auto Hub Service to Nation

By | March 2, 2016

Indian Railways dedicated two more services to the Nation : (I) Printing of Bar Code on Unreserved tickets to Prevent Fraud and (II) Auto Hub on Walajabad, near Chennai in Southern Railway Indian Railways is committed to make Railway System Passenger Friendly and respond to the needs of Passengers : Suresh Prabhu   In its… Read More »

Modernization of Railway Stations

By | March 2, 2016

Modernization of Railway Stations Indian Railway has advertised its plan to redevelop ‘A-1’ and ‘A’ category stations (about 400 in number) on ‘as is where is’ basis, by inviting proposals from developers with their designs and business ideas. Public Sector Undertakings can also participate under this scheme. During various interactions with the stake holders, their… Read More »

On Board Catering Services in Trains

By | March 2, 2016

On Board Catering Services in Trains A policy guideline on “Ready to Eat Meals” was issued to Zonal Railways on 30.01.2015 wherein all Mail/Express trains running with pantry car have been covered to serve precooked ‘Ready to Eat meals’ as an ‘add on’ option under the category of a-la-carte to the passengers. Non-provision of the… Read More »

High Speed Bullet Train Project in India

By | March 2, 2016

Bullet Train Project Ministry of Railways have formed a new Special Purpose Vehicle (SPV) named National High Speed Rail Corporation Limited to implement the project of Mumbai-Ahmedabad High Speed Bullet Train . The salient features of Project are:  Total length of corridor – 508 kms .  Maximum design speed of 350 kmph and… Read More »

High Speed Rail Corporations

By | March 2, 2016

High Speed Rail Corporations Rail Vikas Nigam Limited (RVNL) a Public Sector Undertaking (PSU) of Ministry of Railways had formed a subsidiary named High Speed Rail Corporation of India Limited in 2013, inter alia, to undertake feasibility studies pertaining to High Speed corridors. It has awarded feasibility studies for (i) Delhi-Mumbai, (ii) Mumbai-Chennai, (iii) Delhi-Kolkata,… Read More »

Railways efforts for Improving Amenities for Patients and Differently Abled Passengers

By | March 2, 2016

Improving Amenities for Patients and Differently Abled Passengers Improvement/augmentation of amenities at stations, including those for differently abled and patient passengers is a continuous process. In order to provide better accessibility to differently abled and patient passengers, short term facilities as detailed below have been planned at all stations, beginning with ‘A-1’, ‘A’ & ‘B’… Read More »

Paperless Unreserved and Platform Tickets

By | March 2, 2016

Paperless Unreserved and Platform Tickets With a view to cut down queues at counters at Railway stations and to facilitate convenient booking of tickets by passengers, Indian Railways have introduced the facility of paperless unreserved tickets through mobile phone over suburban sections of Central, Western, Southern, Northern (New Delhi- Palwal section), Eastern and South Central… Read More »

Railways Arrangements for Kumbh Mela in Ujjain , MP

By | March 2, 2016

Arrangements for Simhastha Kumbh Mela in Ujjain, Madhya Pradesh  To cater to the expected influx of pilgrims during Simhastha Kumbh Mela at Ujjain, Indian Railways has planned to run special trains including DEMU/MEMU,  augmentation of load of existing trains and, also, providing of temporary stoppage on Mail/Express trains to the extent justified and feasible. In… Read More »

WI-FI Facility at Railway Stations

By | March 2, 2016

WI-FI Facility at Railway Stations Initially, the Wi-Fi services have been proposed to be provided at 400 railway stations covering almost all ‘A1’ and ‘A’ category stations, after which the facility is proposed to be provided at remaining ‘A’ & ‘B’ category stations. Presently, Wi-Fi facility is available at 12 railway stations viz. Bengaluru, New… Read More »

Ready to eat meals in Trains

By | March 2, 2016

Ready to eat meals in Trains Allotment of tenders to private licensees for providing onboard catering services to the passengers through pantry cars is an ongoing process. Further, a major initiative viz. E-catering has been taken by Railways through Indian Railway Catering and Tourism Corporation to enable passengers to book the food of their choice.… Read More »

Initiatives proposed in budget for Chemicals and Fertilizers

By | March 2, 2016

A number of initiatives proposed in the budget concerning the Ministry of Chemicals and Fertilizers In the Union Budget of 2016, a number of initiatives have been proposed for the Ministry of Chemicals and Fertilizers. The Union Minister of Chemicals and Fertilizers Shri Ananth Kumar outlined the initiatives:  Department of Fertilizers  Direct Benefit Transfer (DBT)… Read More »