Daily Archives: July 18, 2016

Presentation on Income Declaration Scheme 2016

By | July 18, 2016

Income Declaration Scheme 2016 Observation of Hon’ble Finance Minister as per Finance Bill 2016 (cl 159 & 160) “We are moving towards a lower tax regime with non-litigious approach. Thus, while compliant taxpayers can expect a supportive interface with the department, tax evasion will be countered strongly. Capability of the tax department to detect tax… Read More »

CBDT signs 7 Unilateral Advance Pricing Agreements (APAs)

By | July 18, 2016

Central Board of Direct Taxes (CBDT) signs seven Unilateral Advance Pricing Agreements (APAs) The Central Board of Direct Taxes (CBDT) entered into seven (7) Unilateral Advance Pricing Agreements (APAs) today, i.e., 18th July, 2016, with Indian taxpayers. Some of these agreements also have a “Rollback” provision in them. The APA Scheme was introduced in the… Read More »

State wise details of total number of Road Accidents & Persons killed in India

By | July 18, 2016

Funds For Road Safety   The Ministry of Road Transport and Highways is primarily responsible for development and maintenance of National Highways (NHs). Apart from this, the Ministry also allocates funds to the State Governments/Union Territories (UTs) for development of State Roads as per the provisions of the CRF Act, 2000 as amended by the… Read More »

Steps to Tackle Vehicular Pollution

By | July 18, 2016

Steps to Tackle Vehicular Pollution  The Ministry of Road Transport and Highways has taken the following steps to tackle the problem of vehicular pollution: Introduction of alternate fuels: Flex Fuel ethanol notified vide G.S.R. 412 (E) dated 19.05.2015 and GSR 176 (E) dated 16.02.2016permitting usage of flex fuel i.e. E85, ED95 and E100  ethanol based… Read More »

Govt Steps to Reduce Road Accidents

By | July 18, 2016

Steps to Reduce Road Accidents During the year  2015,  5.01 lakhs road accidents were reported in India out of which 1.46 lakhs caused deaths. The cause of road accidents along with the number of accidents and number of persons killed during the calendar year 2015 are given in the following table:   Table: Causes of … Read More »

Installation of Safety Devices on Public Transport Vehicles

By | July 18, 2016

Installation of Safety Devices on Public Transport Vehicles The Government of India has issued draft notification number G.S.R. 478(E) dated 2nd May 2016, regarding fitment of Vehicle Location Tracking Device, CCTV Surveillance System and Alert Buttons on transport vehicles. According to this notification, it is compulsory for all transport vehicles to be equipped with vehicle… Read More »

Criteria for LPG Distributorships

By | July 18, 2016

Criteria for LPG Distributorships The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that recently, the Government has modified the selection guidelines for LPG distributorship and a Unified set of Guidelines have been framed for all types of LPG distributorship of Public… Read More »

Charging Capitation Fee by Colleges is punshishable

By | July 18, 2016

Check on Capitation Fee by Colleges There have been complaints of charging of capitation fee by some professional colleges. In order to regulate this, and in accordance with the Supreme Court of India’s directions, a National Fee Committee under the chairmanship of Justice B. N. Shrikrishna was constituted for fixing norms and guidelines for charging… Read More »