Daily Archives: December 17, 2016

Scrutiny of Income-tax returns of political parties

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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 )

By | December 17, 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

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

By | December 17, 2016

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 »

Penalty for delay in Payment of MGNREGS Wages

By | December 17, 2016

GOVERNMENT OF INDIA MINISTRY OF RURAL DEVELOPMENT DEPARTMENT OF RURAL DEVELOPMENT LOK SABHA UNSTARRED QUESTION NO. 4814 TO BE ANSWERED ON 15.12.2016 PENALTY FOR DELAYS IN PAYMENT OF WAGES 4814. SHRI AJAY MISRA TENI: Will the Minister of RURAL DEVELOPMENT be pleased to state: (a) whether there is a delay in payment under Mahatma Gandhi… Read More »

Steps for Migration of West Bengal VAT dealers to GSTN portal

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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

By | December 17, 2016

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 »

How much contribution to Political Parties can be made by company

By | December 17, 2016

Contribution to Political Parties Contributions to political parties are governed by Section 182 of the Companies Act, 2013. A company that is not a Government company and which is in existence for at least last three financial years may contribute up to 7.5% of its average net profits during the last three years to a… Read More »

PMGKDS 2016 : Key Points

By | December 17, 2016

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 »

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 -RBI Press Release

By | December 17, 2016

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Date : Dec 16, 2016 Government of India, in consultation with the Reserve Bank of India, has notified Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016.… Read More »