Daily Archives: December 31, 2016

Text of PMs Modi address to nation ( India) on 31.12.2016 – ( Hindi )

Text of PMs address to the nation on the eve of New year 2017 मेरे प्यारे देशवासियों,   कुछ ही घंटों के बाद हम सब 2017 के नववर्ष का स्वागत करेंगे। भारत के सवा सौ करोड़ नागरिक नयासंकल्प, नई उमंग, नया जोश, नए सपने लेकर स्वागत करेंगे।   दीवाली के तुरंत बाद हमारा देश ऐतिहासिक… Read More »

Income Tax Officer can check Returns & 26AS of Assessee of any Jurisdiction

Income Tax Investigation Officer can Check Returns & 26AS of assessee of any Jurisdiction. ITD (Income Tax Department ) Users User Manual For Registering as an Investigation Officer in the e-Filing application, an ITD user must have  A valid Employee ID.  A valid PAN.  Role should be only as an Investigation Officer.… Read More »

Govt of India – Cabinet Decisions- Since 27.05.2014 till date (Modi Govt Decisions )

Cabinet Decisions-Chronological since 27.05.2014 27.05.2014   Constitution of Special Investigation Team in compliance with the judgement of Hon’ble Supreme Court The Union Cabinet today approved constitution of Special Investigating Team (SIT) to implement the decision of the Hon’ble Supreme Court on large amounts of money stashed abroad by evading taxes or generated through unlawful activities.… Read More »

Formats of acceptance letters by incoming auditor u/s 139(1) of Companies Act

Eligibility Letter u/s 139(1) of the Companies Act, 2013 [ Illustrative Formats of acceptance letters to be submitted by the incoming auditor u/s 139(1) of the Companies Act, 2013 (the formats are illustrative only and not mandatory ) : Ethical Standards Board  of ICAI ]  Illustrative Eligibility Letter u/s 139(1) of the Companies Act, 2013… Read More »

Do’s and Dont’s for CA’s – Recent Decisions of Ethical Standards Board of ICAI

Recent Decisions of Ethical Standards Board of ICAI for Chartered Accountants A chartered accountants in practice cannot become Financial Advisors and receive fees/commission from Financial Institutions such as Mutual Funds, Insurance Companies, NBFCs etc. A chartered accountant cannot exercise lien over the client documents/records for non-payment of his fees. It is not permissible for CA… Read More »

BHIM App ( Bharat Interface for Money ) – Go Cashless India on Mobile

BHIM App  ( Bharat Interface for Money ) BHIM App –  Bharat Interface for Money is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI). BHIM is… Read More »

Govt Extended cut-off date for crop insurance during Rabi 2016-17 under PMFBY

Press Information Bureau Government of India Ministry of Agriculture 30-December-2016 17:11 IST Ministry of Agriculture & Farmers Welfare decides to extend the cut-off date for crop insurance during Rabi 2016-17 under Pradhan Mantri Fasal Bima Yojana up to 10th January, 2017 The Ministry of Agriculture & Farmers Welfare keeping in view the difficulties faced by… Read More »

Grace period to citizen of India for Depositing old Bank Notes after 30.12.2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th December, 2016 S.O. 4251(E).—In exercise of the powers conferred by clause (b) of sub-section (1) of section 2, read with clause (i) of sub-section (1) of section 4, of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 (Ord. 10 of 2016), the… Read More »

Provident Funds Special provision for Employees’ Enrolment Campaign 2017 @ Rs 1 p.a

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1190(E).— In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the… Read More »

No Administrative Expenses of EDLI Scheme for Employees’ Enrolment Campaign 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 S.O. 4250(E).—In pursuance of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees’ Provident Funds and Miscellaneous Provisions, Act, 1952 (19 of 1952), the Central Government hereby makes the following amendment in the notification of the Government… Read More »

Employees Pension Scheme -Damages Rs 1 p.a for Employees Enrolment Campaign 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1191(E).–– In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’… Read More »

Damages for default in payment of contribution under EDLI Scheme

Rule – 8A of Employees’ Deposit-Linked Insurance Scheme 1976 1 Recovery of damages for default in payment of any contribution 8A. 2[(1) Where an employer makes default in the payment of any contribution to the Insurance Fund, or in the payment of any charges payable under any other provisions of the Act or the Scheme,… Read More »

EDLI Damages Charges Rs 1 p.a during Employees Enrolment Campaign 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1192(E).—In exercise of powers conferred by section 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Deposit… Read More »

Pre-Paid Payment Instruments Issuance to merchants – RBI exentended Time

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs issued… Read More »

Daily Cash withdrawal Limit from ATMs increased w.e.f 01.01.2017

RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular… Read More »