PPF Withdrawal Govt has allowed PPF Withdrawal under Public Provident Fund Scheme 1968 after completion of 5 years for Treatment of Serious ailments or life threatening disease of the account holder, Spouse, or dependent children or parents on production of supporting documents from competent medical authority Higher Education of the account holder or the minor… Read More »
TDS Certificates It is mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called TRACES Portal). Penalty for not issuing TDS Certificates downloaded from Traces within Due Date Failure to comply with the provisions of the Act will attract… Read More »
Held The Assessing Officer did not attempt to verify the address of the assessee from his own record as well as did not mention the correct address in the notice under section 148 of the Income Tax Act It is well settled law that Assessing Officer will have no jurisdiction to make an assessment under… Read More »
SUPREME COURT OF INDIA Jatin C. Jhaveri v. Union of India T.S. THAKUR, CJI. AND UDAY UMESH LALIT, J. CIVIL APPEAL NOS. 11127 TO 11131 OF 2011 MAY 13, 2016 Ramesh P. Bhatt, K. Radha Krishnan, Sr. Advs., Bhargava V. Desai, B. Krishna Prasad, S. Ratin Rai, S.W.A. Quadriand B.K. Prasad, Advs. for the Appearing… Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to… Read More »
MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 16th June, 2016 S.O. 2133(E).—In exercise of the powers conferred by sub-section (1) of Section 41 read with section 35 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010) and rule 17 of the Foreign Contribution (Regulation) Rules, 2011 and in supersession of the notification of… Read More »
Mumbai Port Announces Reduction in Port Charges for Coastal Ro-Ro Service In order to encourage the coastal movement of cargo specially automobiles by Ro-Ro ships and to meet the demand of the Auto Original Equipment Manufacture and Ro-Ro vessels operators, Mumbai Port Trust has reduced vessel related charges by about 10% on the applicable Scale… Read More »
New Berthing Policy for Dry Bulk Cargo for Major Ports in Place from 20th August 2016 Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective of the new Berthing Policy is to: • Provide a standardized… Read More »
Indian Economic Service/Indian Statistical Service Examination 2016 On the basis of the result of the written part of the Indian Economic Service/Indian Statistical Service Examination 2016 held by the U.P.S.C. in May, 2016, the candidates with the under mentioned Roll Numbers have qualified for Interview/Personality Test. The candidature of all these candidates who have qualified… Read More »
No Fee for MSME Registration Ministry of MSME has clarified today, that Udyog Aadhar Memorandum is the only form of registration for MSMEs in India and there is no fee for the registration. This has been clarified in view of some complaints received by the ministry, regarding fee charged by certain agencies for facilitating the… Read More »