Daily Archives: March 28, 2018

No penalty if Income Tax notice didn’t specify concealment or furnishing inaccurate income

By | March 28, 2018

Issue A copy of the show cause notice u/s 274 of the Act was filed before us and perusal of the same reveals that AO has not struck out the irrelevant portion in the show cause notice The same is reproduced for the purpose of ready reference: “Have concealed the particulars of your income or… Read More »

RTGS and NEFT will continue till midnight on March 31, 2018 : RBI

By | March 28, 2018

RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the… Read More »

Category: RBI

RBI Special Clearing operations on March 31, 2018

By | March 28, 2018

RBI/2017-18/145 DPSS.CO.CHD.No./2707/03.01.03/2017-18 March 28, 2018 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 31, 2018 A reference is invited to the circular issued… Read More »

Category: RBI

Pensioner’s Portal at EPFO website : Track eKYC status online

By | March 28, 2018

Pensioner’s Portal at EPFO website Ministry of Labour & Employment Posted On: 28 MAR 2018 11:30AM by PIB Delhi EPFO has launched the pensioner’s portal  https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number,… Read More »

India’s Contribution to World’s GDP

By | March 28, 2018

Ministry of Finance India’s Contribution to World’s GDP Posted On: 28 MAR 2018 4:00PM by PIB Delhi As per the information available from World Bank and International Monetary Fund (IMF), the contribution of India to world’s Gross Domestic Product (GDP), measured as share of GDP of India in world GDP (at current prices in US$… Read More »