Daily Archives: December 14, 2016

Deletion of Kuth root having ITC-HS Code 12119046 – MEIS Schedule

By | December 14, 2016

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) PUBLIC NOTICE New Delhi, the 13th December, 2016 No. 46/2015—2020 Subject: Deletion of Kuth root having ITC-HS Code 12119046 appearing at Sl. No. 506 of Appendix 3B of MEIS Schedule – regd. F. No. 01/61/180/68/AM15/PC3.—In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy… Read More »

Airtel Payments Bank rolls out pilot services in Andhra Pradesh and Telangana

By | December 14, 2016

Airtel Payments Bank rolls out pilot services in Andhra Pradesh and Telangana Over 15,000 neighborhood Airtel retail outlets in towns and villages across Andhra Pradesh and Telangana will also act as banking points and offer convenient banking services to customers Interest rate of 7.25% p.a. on savings account deposits; Personal Accidental Insurance of Rs. 1… Read More »

Airtel Payments Bank Saving Bank Interest Rate 7.25% p.a

By | December 14, 2016

Airtel Payments Bank Announces Initiatives to Drive Adoption of Digital Payments To contribute to Government’s Digital India vision and the country’s transition to a cashless economy • Will educate customers on benefits of digital payments, in particular USSD based transactions using feature phones. Encourage and incentivise Airtel’s 260 million plus customers to open savings accounts… Read More »

Scrutiny of Revised Income Tax Returns filed post De-Monetisation of Currency

By | December 14, 2016

Press Information Bureau Government of India Ministry of Finance 14-December-2016 13:17 IST Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency Under the existing provisions of Section 139(5) of the Income-tax Act, 1961 (‘Act’), Revised Return can only be filed if any person, who has filed a return under Section… Read More »

Documents required for GST Migration (enrolment)

By | December 14, 2016

Documents required for GST Migration (enrolment)*1 Following information/documents should be readily available by existing tax payer to enrol with GST Portal  Provisional ID received from State/Central Authorities; Password received from the State/Central Authorities; Valid Email Address; Valid Mobile Number; Bank Account Details Copy of Registration Certificate in any law (RC) Documents:  a) Proof of Constitution of Business: In case… Read More »

Category: GST

Advance payment for flat would be eligible for relief u/s section 54 of Income Tax

By | December 14, 2016

IN THE ITAT CHENNAI BENCH ‘A’ Assistant Commissioner of Income-tax, Non Corporate Circle-16, Chennai v. Kannan Santhanam N.R.S. GANESAN, JUDICIAL MEMBER AND D.S. SUNDER SINGH, ACCOUNTANT MEMBER IT APPEAL NO.636 (MDS.) OF 2016 [ASSESSMENT YEAR 2011-12] SEPTEMBER  15, 2016 Shiva Srinivas, JCIT for the Appellant. P.B. Srinivasan, CA for the Respondent. ORDER N.R.S. Ganesan, Judicial… Read More »