Daily Archives: December 17, 2016

Scrutiny of Income-tax returns of political parties

Clarification of Status of Political Parties under Income Tax Act, 1961 There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income-tax returns of political parties registered with the Election Commission in the context of deposits of old currency notes.  This inference seems to have been drawn… Read More »

Status of black money before/after Demonetization in India

GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA STARRED QUESTION NO 433 ANSWERED ON: 16.12.2016 ANANT KUMAR DATTATREYA HEGDE Will the Minister of be pleased to state (a) whether the Government has made any assessment/estimation of the total amount of black money before/after implementation of the demonetisation in the country and if so, the details thereof; (b) the… Read More »

Honda to hike car prices by up to 3% from January 2017

Honda Cars India to increase prices across models December 16, 2016: Honda Cars India Ltd. (HCIL) today announced a proposed price increase on all its models of upto 3 percent. The revised prices will be effective from January 2017. Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said, “Due to the increasing pressure on… Read More »

Tenders from CA Invited for Internal Audit of FY 2017-18 of West Bengal Forest Development Corporation Limited

West Bengal Forest Development Corporation Limited Last Date : Jan 24, 2017 Conduct Internal Audit of the Accounts Of The Corporation Including Its Divisions And Ranges For The Financial Year 2017-18. Address: West Bengal Forest Development Corporation Limited Aranya Bikash, KB-19, Sector-III, Salt Lake, Kolkata-700106

BSNL Ahmedabad tender for hiring CA / Cost Accountants /Tax practitioners

E O I for hiring of Tax consultancy service and Auditing Work by Chartered Accountant/Cost Accountant for VAT, CST, WCT ,SERVICE TAX,INPUT CREDIT,CENVAT AND GST related works in B S N L Gujarat Telecom Circle for one year. Time and date of depositing of Tender / bid document.  14:00 Hrs of 27/12/2016 Tax consultancy services… Read More »

Taxation of Deposits of Demonetized 500/- and 1000/- Notes ( effective 17.12.2016 )

Taxation of Deposits of Demonetized 500/- and 1000/- Notes [effective 17.12.2016] Pradhan Mantri Garib Kalyan Yojana (PMGKY)****Scheme of Taxation @77.25%****Search & Seizure cases Link to Buy Book  Taxation of Deposits of Demonetized 500/- and 1000/- Notes [effective 17.12.2016] Paperback: 240 pages Publisher: Taxmann Publications Pvt. Ltd.; 2nd Edition edition (2016) Language: English

PM: No scrutiny of deposits made before Nov 8 , 2016

Ever since the scrapping of old 500 and 1,000 rupee notes, the govt has repeatedly said that the honest need not worry. Prime Minister Narendra Modi has re-iterated that accounts of the poor will not be scrutinised prior to the demonetisation announcement date of the 8th of November and instructions have been issued to officials… Read More »

How to use SBI No Queue App ?

SBI No Queue App : Usage With the SBI No Queue App, you can generate your E-Token number in a few easy steps. Not only that, you will also get details of your nearest branch and the approximate wait time. In this video, we will show how to use the application.

Verification of Bank Guarantees / Certificate on e-mail by Customs Officials

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F.No. S/12-Gen-82/2015-16 AM (X) Date: 14.12.2016 PUBLIC NOTICE NO. 173/2016 Subject: Verification of BG/Certificate on e-mail instead of Fax ***** Attention of the Exporters, Importers, Customs House Agents, Members of Trade and all the concerned… Read More »

Steps for Migration of West Bengal VAT dealers to GSTN portal

Migration of West Bengal VAT dealers to GSTN portal In case of any query regarding migration to GST, please send mail to gstmigration-wb@wbcomtax.gov.in   Related Post State /India GST Material    What is GST? How does it work?- Answer GST Enrolment Plan State Wise : Announced by Indian Govt List of Documents required for GST… Read More »

PMGKY 2016 – All Notifications , Rules , Circulars

Pradhan Mantri Garib Kalyan Yojana 2016  PMGKY 2016  PMGKY 2016 – All  Notifications , Rules , Circulars issued on Pradhan Mantri Garib Kalyan Yojana 2016 Particulars Notification No Date New Taxation Bill to Tax undisclosed Income received assent of President ,  Taxation Laws (Second Amendment) Act, 2016..   15.12.2016 Pradhan Mantri Garib Kalyan Deposit Scheme 2016… Read More »

Form 1 PMGKY 2016 -Download /Print – Pradhan Mantri Garib Kalyan Yojana

Form 1 PMGKY 2016  [ Form 1 PMGKY  ( Pradhan Mantri Garib Kalyan Yojana ) 2016 ] The Central Board of Direct Taxes has notified the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. Under this, any person can declare income in the form of cash or deposit in an account maintained with specified entity.… Read More »

ESIC introduces new Scheme to promote Registration of Employers/Employees

ESIC introduces a new Scheme to promote Registration of Employers/Employees The ESI Corporation has taken some very important decisions towards extending the Social Security cover of ESI Scheme to whole of India and for medical care for serving the workers.  Shri Bandaru Dattatreya, the Minister of State for Labour and Employment (Independent Charge), Govt. of… Read More »

Norms for Angel Funds

Norms for Angel Funds A framework for registration and regulation of angel pools under a sub-category ”Angel Funds” under Category I-Venture Capital Funds have been provided in SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) on 16.09.2013. Subsequently, in the board meeting held on 23.11.2016, SEBI board approved amendments related to Angel Funds which are… Read More »

You can write Cheques in Hindi or regional language

Use of Regional Languages in Banks Reserve Bank of India has, inter alia issued following instructions to promote the regional languages in banking sector for the ease of understanding for rural population: Displaying indicator boards at all the counters in English, Hindi as well as in the concerned regional language. Business posters at semi-urban and… Read More »

India and Switzerland signed for Automatic Exchange of Financial Account Information

India and Switzerland signed the ‘Joint Declaration’ for implementation of Automatic Exchange of Information (AEOI) on 22.11.2016; Both the jurisdictions intend to introduce on a reciprocal basis automatic exchange of financial account information between each other beginning in the year 2018 India ratified Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) in June… Read More »

Single Website to access all State & Center Govt Services near your residence

Launch of services website (http://services.india.gov.in) One of the factors effecting the e governance index and international ranking of any country is the number of online services provided by the government. Many government entities at the center, state, district and local levels are providing online services that have made the life of the citizens simpler and… Read More »

PMGKDS 2016 : Key Points

PMGKDS 2016 Pradhan Mantri Garib Kalyan Deposit Scheme 2016 Key Points of PMGKDS 2016 Eligible deposit : The deposit under PMGKDS 2016  shall be made by any person who declared undisclosed income under Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016. Read New Taxation Bill to Tax undisclosed Income received assent of President ,  Where… Read More »