Daily Archives: November 18, 2016

Currency Demonetisation- Boon for the Real Estate and Housing

By | November 18, 2016

Currency Demonetisation- Boon for the Real Estate and Housing Demonetisation move to bring correction in property prices This will help realize the dream of ‘Housing for All’  *Vinod  Behl The Modi government’s surgical strike against black money by way of demonetisation of high value currency notes, is set to shake up the real estate sector,… Read More »

Revised DTAA between India and Cyprus Signed

By | November 18, 2016

Revised Double Taxation Avoidance and the Prevention of Fiscal Evasion (DTAA) Agreement signed today between India and Cyprus A revised Agreement between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal evasion (DTAA) with respect to taxes on income, along with its Protocol, was signed today in Nicosia, which will… Read More »

Unaccounted / unexplained income -Section 115BBE Income Tax Applicability

By | November 18, 2016

Unaccounted / unexplained income -Section 115BBE of Income Tax Act – Applicability The provisions of section 115BBE of Income Tax Act (India) are as under: ♦             The Finance Act, 2012 inserted section 115BBE in the Income-Tax Act (‘the Act’) to tax unaccounted money represented by the additions covered by sections 68, 69, 69A, 69B,… Read More »

Intangible assets, relevant Indian Accounting Standards (Ind AS) shall apply

By | November 18, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th November, 2016 G.S.R. 1075(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to amend Schedule II to the said Act, namely:- 1. In the Companies Act,… Read More »

Revised Draft Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill 2016

By | November 18, 2016

Comments / inputs / suggestions on the Draft Bill on Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016 invited up to 17th December 2016. The revised Draft “Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016” (Version 2.0), has been uploaded on the website of the Department of… Read More »

PF members Death Claims to be Processed within 07 Days & Retirement Claims to be Settled on Day of Retirement

By | November 18, 2016

Death Claims to be Processed within 07 Days and Retirement Claims to be Settled on the Day of Retirement Payment of Statutory Contributions Henceforth only through Internet Banking The Prime Minister of India during the PRAGATI review meeting held on 26th October desired that claims related to death cases be prioritized and expedited and retirement… Read More »