Daily Archives: November 21, 2016

High Denomination Bank Notes (Demonetisation) Act 1978

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 »

Pension Scheme Contribution under new PMRPY scheme

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

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 »

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

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

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

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

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 »

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

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

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 »