Daily Archives: July 2, 2018

GST on warehousing of Agricultural produce : 23rd GST Council Meeting Decision

By | July 2, 2018

GST on warehousing of Agricultural produce : Clarification 23rd GST Council Meeting Decision held on 10.11.2017 23rd GST Council Meeting Agenda Agenda Item 6(vii): Clarification regarding warehousing of Agricultural produce in GST regime Representations have been received in the Finance Ministry from Calcutta Tea Traders Association (CTTA), Navi Mumbai Merchant Chamber etc. seeking advice on… Read More »

Category: GST

Refund of provisionally accepted input tax credit under GST : 24th GST Council Meeting Decision

By | July 2, 2018

Refund of provisionally accepted input tax credit 24th GST Council Meeting held on 16 December, 2017 and taken following agenda and decision on Refund of provisionally accepted input tax credit under GST As per 24th GST Council Meeting Agenda item Agenda Item 3: Any other agenda item with the permission of the Chairperson Agenda Item… Read More »

RBI Master Circular – Detection and Impounding of Counterfeit Notes

By | July 2, 2018

RBI Master Circular – Detection and Impounding of Counterfeit Notes RBI/2018-19/04 DCM(FNVD)G – 1/16.01.05/2018-19 July 2, 2018 The Chairman/ Managing Director /Chief Executive Officer All Banks and Director of Treasuries of all States Dear Sir / Madam, Master Circular – Detection and Impounding of Counterfeit Notes Please refer to the Master Circular DCM(FNVD)G – 4/16.01.05/2017-18 dated… Read More »

RBI Master Circular – Facility for Exchange of Notes and Coins

By | July 2, 2018

RBI/2018-19/3 DCM (NE) No.G-2/08.07.18/2018-19 July 02, 2018 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes and Coins Please refer to the Master Circular DCM (NE) No.G-1/08.07.18/2017-18 dated July 03, 2017 containing instructions on the facility for exchange of… Read More »

RBI Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission

By | July 2, 2018

RBI/2018-19/2 DGBA.GBD.No.2/31.12.010/2018-19 July 2, 2018 All Agency Banks Dear Sir / Madam Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to our Master Circular RBI/2017-18/2 dated July 1, 2017 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the… Read More »

RBI Master Circular – Disbursement of Government Pension by Agency Banks

By | July 2, 2018

Master Circular – Disbursement of Government Pension by Agency Banks RBI/2018-19/1 DGBA.GBD.No.-1/31.02.007/2018-19 July 2, 2018 All Agency Banks Dear Sir/Madam Master Circular – Disbursement of Government Pension by Agency Banks Please refer to our Master Circular RBI/2017-18/1 dated July 1, 2017 on the above subject. We have now revised and updated the Master Circular which consolidates important… Read More »

Category: RBI

YES BANK Personal Loan

By | July 2, 2018

YES BANK Personal Loanfour Instant, Quick and Seamless. YES BANK Personal Loan to afford your special something and fulfil that every little dream of yours What is a Personal Loan? Personal loans are short and medium term ‘unsecured’ loans which do not require any collateral. Why do you need a Personal Loan? There are many… Read More »

New GST News 02.07.18

By | July 2, 2018

New GST News 02.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News New Book : GST Manual with GST Law Guide & GST Practice Referencer (June 2018 -8th Edition ) Taxmann New Book : GST Tariff with GST Rate Reckoner & GST Tariff Referencer : 8th Edition June 2018 :… Read More »

Prosecutions and Punishments under Income Tax Law of India

By | July 2, 2018

PROSECUTIONS AND PUNISHMENT UNDER THE INCOME-TAX LAW [As amended by Finance Act, 2018]  Apart from penalty for various defaults, the Income-tax Act also contains provisions for launching prosecution proceedings against the taxpayers for various offences. In this part you can gain knowledge about the various provisions relating to prosecution which can be launched under the… Read More »

Rectification of Mistake in order under Section 154 of Income Tax

By | July 2, 2018

RECTIFICATION OF MISTAKE UNDER SECTION 154 OF INCOME TAX [As amended by Finance Act, 2018] Introduction Sometimes there may be a mistake in any order passed by the Assessing Officer. In such a situation, mistake which is apparent from the record can be rectified under section 154. The provisions relating to rectification of mistake under… Read More »

FAQs on Home Loan

By | July 2, 2018

FAQs on Home Loan What are the types of Home loans available? The banks usually offer the following types of loans on interest: Home Purchase Loan: It is the most common type of loan taken for purchasing a new residential property or an old house from its previous owner. Home Improvement Loan: Home improvement loans… Read More »

Income Tax Benefits of Life Insurance Policy, Health Insurance & Medical Treatment

By | July 2, 2018

TAX BENEFITS DUE TO LIFE INSURANCE POLICY, HEALTH  INSURANCE POLICY AND EXPENDITURE ON MEDICAL TREATMENT [As amended by Finance Act, 2018] Introduction Payment of premium on life insurance policy and health insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. In this part you can gain  knowledge about deductions available… Read More »

Prosecution under Income Tax Act : Free Study Material

By | July 2, 2018

Prosecution under Income Tax Act : Free Study Material Prosecutions and Punishments under Income Tax Law of India [FA 2018] File Prosecution Complaints and disposal of Compounding Application ; CBDT Dy. Director of Income Tax has no power to lodge complaint for prosecution against taxpayer Now Assesee can claim Immunity from penalty and prosecution u/s… Read More »

Section 80TTB Income Tax : Deduction of Rs 50000 p.m to senior citizen from AY 2019-20

By | July 2, 2018

Section 80TTB Income Tax Higher Deduction in respect of interest income to senior citizen under Section 80TTB of Income Tax Act At present, a deduction upto Rs 10,000/- is allowed under section 80TTA to an assessee in respect of interest income from savings account. Finance Act 2018 inserted a new section 80TTB so as to allow a… Read More »

E Aadhaar Card FAQs

By | July 2, 2018

E Aadhaar Card FAQs What is e-Aadhaar? e-Aadhaar is a password protected electronic copy of Aadhaar, which is digitally signed by the competent Authority of UIDAI. Is e-Aadhaar equally valid like physical copy of Aadhaar? As per Aadhaar Act, e-Aadhaar is equally valid like Physical Copy of Aadhaar for all purposes. For UIDAI circular on… Read More »

GST Manual with GST Law Guide & GST Practice Referencer (June 2018 -8th Edition ) Taxmann

By | July 2, 2018

GST Manual with GST Law Guide & GST Practice Referencer (Set of 2 Volumes) (8th Edition June 2018) Description Volume 1 Annotated Text of  CGST Act 2017/ IGST Act 2017/ UTGST Act 2017/ Compensation to States Act 2017 Annotation under each section shows Relevant Rules & Forms Relevant Circulars & Notifications Date of enforcement of… Read More »