Facts of the case The assessee had one residential house in Chennai, one commercial flat in Chennai, from out of both of which, he was deriving a total income of Rs.4,25,131/-. He also had a land in Neelankarai which was sold and a house property was purchased in Kodaikanal. Issue Can the Assessee claim Deduction… Read More »
Finacle commands Selective Finacle menu options / Finacle commands for your ready reference.Few commands vary from Bank to Bank but most of them are common to all Banks using Finacle as their as their CBS application SL COMMANDS/MENUS Function of the Finacle Menu 1. AALI A/c Abnormal Limits/Details Inquiry 2. ABMR Report of Accounts Below… Read More »
ENVIRONMENT MINISTRY NOTIFIES HAZARDOUS WASTE MANAGEMENT RULES, 2016 ‘NEW HAZARDOUS WASTE RULES WILL ENSURE RESOURCE RECOVERY AND DISPOSAL OF HAZARDOUS WASTE IN ENVIRONMENTALLY SOUND MANNER’: JAVADEKAR “The new Hazardous Waste Management Rules will ensure resource recovery and disposal of hazardous waste in environmentally sound manner. The Rules are environment and industry- friendly. The provisions of… Read More »
Changes in ITR Form AY 2016-17 1. Changes in ITR Form AY 2016-17 if Earning Above Rs 50 Lakh : Declaration of value of assets and liabilities by Individuals/HUF New Schedule has been introduces in ITR 1, 2, 2A, 3, 4, 4S requiring individuals/HUFs to declare the value of assets and liabilities if their total income… Read More »
Prime Minister to launch the “ Stand up India scheme ” on 05th April, 2016 Prime Minister will be launching the “Stand up India scheme” and a Web portal for the scheme on 05th April, 2016 at Sector 62, NOIDA. It will be attended by Governor, UP, Union Finance Minister, Union Minister for Culture and… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department ) (CENTRAL OFFICE ) NOTIFICATION Mumbai, the 31st March, 2016 Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 G.S.R.384.—In exercise of… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 43/2016-Customs (N.T.) New Delhi, the 31st March, 2016 In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules further to amend the Baggage… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G.S.R. 356 (E).- In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G. S. R. 349(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G.S.R. 351(E).– In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend… Read More »