Daily Archives: February 9, 2017

Certificates of appreciation to tax payers by Income Tax Dept – 3rd Round

By | February 9, 2017

CBDT issues third round of Certificates of appreciation to tax payers for their contribution towards Nation building. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 7th February, 2017. In continuation of the initiative of the Government to acknowledge the contribution of tax payers by paying taxes towards… Read More »

Interest rates for Small Savings Schemes -Q4-FY 2016-17

By | February 9, 2017

RBI/2016-17/225 DGBA.GAD.2012/15.02.005/2016-17 February 9, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their… Read More »

Category: RBI

Labour Laws -Jan 2017 edition Book by Taxmann

By | February 9, 2017

  Labour Laws (Jan 2017 edition) – 2017 by Taxmann  Description of  Labour Laws 2017 Edition It contains followings Apprentices Act 1961 Child and Adolescent Labour (Prohibition and Regulation) Act 1986 Contract Labour (Regulation and Abolition) Act 1970 Employees Compensation Act 1923 Employees Provident Funds and Miscellaneous Provisions Act 1952 Employees State Insurance Act 1948 Employment… Read More »

No TCS on sale of jewellery w.e.f 01.04.2017

By | February 9, 2017

TCS on sale of jewellery Summary :  TCS @ 1%  required to be deducted on sale of Jewellery exceeding Rs 5,00,000/- in cash. However as per Finance Bill 2017 w.e.f 01.04.2017 this Provision  of deduction of TCS on sale of jewellery  is to be abolished. Reasons for no TCS on sale of Jewellery from 01.04.2017:  As… Read More »

Bills passed in First Part of Budget Session 2017 of Parliament

By | February 9, 2017

First Part of Budget Session, 2017 of Parliament concludes The Budget Session, 2017 of Parliament commenced on Tuesday, 31st January, 2017 and subject to exigencies of government business, will be adjourned sine die on Wednesday, 12th April, 2017.  Both the Houses have been adjourned for recess for a period of 27 days on Thursday, 9th… Read More »

56 POPSKs – Post Office Passport Seva Kendras

By | February 9, 2017

Opening of the first batch of new Post Office Passport Seva Kendras The Ministry of External Affairs (MEA) and the Department of Posts (DOP) announced on 24 January, 2017 their decision to utilize the Head Post Offices (HPO) in the various States as Post Office Passport Seva Kendra (POPSK) for delivering passport related services to… Read More »

Exemption from TCS to certian Buyers of Motor Vehicle >Rs 10 Lakh w.e.f 01.04.2017

By | February 9, 2017

  Exemption from tax collection at source under sub-section (1F) of section 206C in case of certain specified buyers. The existing provision of sub-section (1F) of section 206C of the income tax Act, inter-alia provides that the seller who receives consideration for sale of a motor vehicle exceeding ten lakh rupees, shall collect one per… Read More »