Daily Archives: November 21, 2016

High Denomination Bank Notes (Demonetisation) Act 1978

By | November 21, 2016

HIGH DENOMINATION BANK NOTES (DEMONETISATION) ACT, 1978 [11 OF 1978] Section – 1, High Denomination Bank Notes (Demonetisation) Act, 1978 An Act to provide in the public interest for the demonetisation of certain high denomination bank notes and for matters connected therewith or incidental thereto. WHEREAS the availability of high denomination bank notes facilitates the… Read More »

Guidelines for Development of Onshore Wind Power Projects

By | November 21, 2016

Guidelines for Development of Onshore Wind Power Projects Ministry of New & Renewable Energy (MNRE) issued draft guidelines for development of onshore wind power projects in May 2016. After consultation with stakeholders MNRE issued final Guidelines on 22 October 2016. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New… Read More »

ESIC Approves Enhancement of Wage Ceiling from Present Rs. 15,000 PM to Rs. 21,000

By | November 21, 2016

ESIC Approves the Enhancement of Wage Ceiling from Present Rs. 15,000 per Month to Rs. 21,000 The Employees State Insurance Corporation(ESIC) has approved the enhancement of wage ceiling from present Rs. 15,000 per month to Rs. 21,000/-. The draft Rules calling for objections has been published in Gazette of India on 06.10.2016. This enhancement of… Read More »

Pension Scheme Contribution under new PMRPY scheme

By | November 21, 2016

Pension Scheme Contribution A new Scheme “Pradhan Mantri Rojgar Protsahan Yojana” has been announced in the Budget for 2016-17 with the objective of promoting employment generation and an allocation of Rs. 1000 crores has been made. The scheme is being implemented by the Ministry of Labour and Employment in 2016-17. The PMRPY scheme is targeted… Read More »

Cash to farmers – Govt of India efforts

By | November 21, 2016

To further support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or Outlets belonging to the Central or State Governments, PSUs, National or State Seeds Corporations, Central or State Agricultural Universities and the ICAR,… Read More »

Cash Withdrawal from Bank /Exchange of Old Bank Note -RBI FAQ updated 21.11.2016

By | November 21, 2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 21, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016) (Updated as on November 16, 2016) (Updated as on November 14, 2016) (Updated as on November 12, 2016)… Read More »

GST Council Informal meeting remains inconclusive on 20.11.2016

By | November 21, 2016

Informal meeting of GST Council on issue of tax jurisdiction remains inconclusive The Centre and states today failed to reach a consensus on who will control which set of assessees under GST. The GST Council will meet again on November 25 to work out the modalities. The informal meeting of Union Finance Minister and his… Read More »

New Law Relating to Benami Properties (2016 Edition) – Book

By | November 21, 2016

New Law Relating to Benami Properties (2016 Edition) With Effect From 1-11-2016.Also Incorporating : Prohibition of Benami Property Transaction Act 1988 as amended by Benami Transactions (Prohibition) Amendment Act 2016 [Act No. 43 of 2016]****Prohibition of Benami Property Transaction Rules 2016   Paperback: 204 pages Publisher: Taxmann Publications Pvt. Ltd.; 2016 Edition edition (2016) Language:… Read More »

Proviso to section 50C by Finance Act 2016 w.e.f 1-4-2017 has retrospective effect

By | November 21, 2016

Held when legislature is reasonable and compassionate enough to undo the undue hardship caused by the statute “such an amendment in law, in view of the well settled legal position to the effect that a curative amendment to avoid unintended consequences is to be treated as retrospective in nature even though it may not state… Read More »

Free GST Video Lectures | Free online GST Class Videos

By | November 21, 2016

FREE GST Video Lectures | Online Free GST Class Videos | Free Online GST Coaching The Video Lectures on GST are being made available for free of cost. Here is the  complete list of 30 GST Video Lectures. These Free GST video Tutorials will help you understand the overall view of the GST and also other critical… Read More »

PM Modi Launches “ Housing for All ” in Rural Areas

By | November 21, 2016

Press Information Bureau Government of India Ministry of Rural Development 20-November-2016 16:45 IST PM Launches “Housing for All” in Rural Areas Prime Minister Shri Narendra Modi today formally launched “Housing for All” in rural areas under which the Government proposes to provide an environmentally safe and secure pucca house to every rural household by 2022.… Read More »

No leakage of CA Final Direct Tax Laws paper held on 13.11.2016 -ICAI

By | November 21, 2016

No leakage of question paper relating to Paper 7, Direct Tax Laws of CA Final examination held on 13th November 2016. – (19-11-2016) No leakage of question paper relating to Paper 7, Direct Tax Laws of CA Final examination held on 13th November 2016. Our attention has been drawn to some unfounded reports in social… Read More »

ICAI Clarification on Sting Operation by “Aaj Tak” on converting black money by CA

By | November 21, 2016

ICAI Press Release-Clarification on Sting Operation carried out by “Aaj Tak” News Channel (E) – (15-11-2016) The Institute of Chartered Accountants of India (ICAI) welcomes the historic decision of Government of India to fight against Corruption, Black Money, Terrorism and counterfeit Currency. This is a giant leap towards creating a clean and corruption-free economy. The… Read More »

Purchase of seeds with Old bank Note Rs 500 allowed : Govt Notification 20.11.2016

By | November 21, 2016

Purchase of seeds with Old bank Note Rs 500 As per the following notification Govt of India has allowed use of  old Bank Note of  Rs 500  till 24.11.2016 for making payments towards purchase of seeds from the centres, units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds… Read More »