Daily Archives: January 24, 2017

GST Video – Stock Transfer , Job work , Stock Returns & Rejects (Including Transition)

By | January 24, 2017

Stock Transfer, Job work, Stock Returns & Rejects (Including Transition) under Revised Model GST  Law Related Post on GST Free Video GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical Session) GST Video- Valuation of Taxable Supply & Valuation Rules… Read More »

No addition on basis of loose papers recovered during search of third parties

By | January 24, 2017

Held In the present case, the solitary basis for addition of over Rs. 1.67 crores was the chart recovered from the premises of Mr. B. K. Dhingra. Whatever be the facial indications, one thing is apparent i.e. that it revealed some amounts were paid by the third parties. The details of cheques and other particulars… Read More »

POEM Principles / Place of Effective Management

By | January 24, 2017

Place of Effective Management – POEM Principles Circular No. 06 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 24 th January, 2017 Subject: Guiding Principles for determination of Place of Effective Management (POEM) of a Company. Download Complete CBDT Circular on POEM Principles

Place of Effective Management -CBDT issued Guiding Principles

By | January 24, 2017

CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act, 2015. It is effective from 01.04.2016 and accordingly shall apply from assessment year 2017-18 onwards. The guidelines for… Read More »

New Scheme for promotion of Rural Housing in India approved by Govt

By | January 24, 2017

Cabinet approves a New Scheme for promotion of Rural Housing in the country The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a new scheme for promotion of Rural Housing in the country. The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household… Read More »

Indian Institute of Management Bill 2017 Approved by Govt

By | January 24, 2017

Cabinet approves Indian Institute of Management Bill, 2017 IIMs to be declared as Institutions of National Importance The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Indian Institute of Management(IIM) Bill, 2017, under which the IIMswould be declared as Institutions of National Importance which will enable them togrant degrees to… Read More »

Interest waiver for Farmers for Nov and Dec 16 approved by Govt

By | January 24, 2017

Cabinet approves Interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks and providing interest subvention to National Bank for Agricultural and Rural Development (NABARD) on additional refinance by NABARD to Cooperative Banks The Union Cabinet chaired by the Prime Minister Shri Narendra Modi… Read More »

Varishtha Pension Bima Yojana – 2017 approved by govt

By | January 24, 2017

Varishtha Pension Bima Yojana – 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its post-facto approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017).  It is a part of Government’s commitment for financial inclusion and social security. The scheme will be implemented through Life Insurance Corporation of… Read More »

Union Budget 2017 on 01 feb 2017 – Supreme Court Dismissed PIL

By | January 24, 2017

Union Budget 2017  of India The Supreme Court on Monday rejected a PIL which sought the postponement of the Union Budget in view of Assembly elections in five states. The Budget will be presented as scheduled on February 1. 2017 There is no illustration to support that the presentation of Union Budget would influence voters’… Read More »

Filing appeal in High Court by Department – CBEC Fixed monetary Limit

By | January 24, 2017

Monetary limit of Rs.20,00,000/- prescribed for filing appeal in the High Court Central Board of Excise & Customs vide Circular F.No.390/Misc./163/2010-JC/Pt,Dated: December 30, 2016, has fixed the monetary limit of Rs. 20,00,000/- below which appeal shall not be filed in the High Court by the department. Download [Circular F.No.390/Misc./163/2010-JC/Pt, Dated: December 30, 2016] 

Government e-Marketplace

By | January 24, 2017

Government e-Marketplace gem.gov.in Procurement Made Smart Introduction:Public procurement forms a very important part of Government activity and reform in Public Procurement is one of the top priorities of the present Government. Government e-Marketplace (GeM) is a very bold step of the Government with the aim to transform the way in which procurement of goods and… Read More »