RAIPUR: Seventy-two affluent farmers of Chhattisgarh and Madhya Pradesh are under Income Tax scanner following suspicion that they avoided paying taxes by declaring their earnings as returns from farming. IT department has identified rich farmers, who have declared more than Rs one crore as agriculture income, in both the states. “There are many assesse who… Read More »
SEBI (“Securities & Exchange Board of India”) has issued a new Circular bearing No. CIR/CFD/FAC/62/2016 dated July 05 (in pursuance of SEBI Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015) , on formats for Financial Results to be submitted by the listed entities henceforth and implementation of Ind-AS by listed entities during the first year which… Read More »
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA CENTRE, GROUND FLOOR, E-2, JHANDEWALAN EXTENSION, NEW DELHI-110 055 F. No. DGIT(S)/ADG(S)-2/IDS/128/2016-17/ Dated 5.07.2016 To The Pr. Chief Commissioner of Income Tax (CCA), Ahmedabad/Bangalore/Bhopal/Bhubaneswar/Chandigarh/Chennai/Delhi /Guwahati/ Hyderabad/ Jaipur/Kochi/Kolkata/Kanpur/Lucknow/Nagpur/Mumbai/Patna/Pune The Commissioner of Income tax (Computer Operations & Admn) Sir/Madam, Subject: Useful information for Income Declaration Scheme, 2016 Kindly recall the video… Read More »
Honnavar Port (amending Notification No.62/1994-Customs (N.T.) dated 21.11.1994. 97/2016-Cus (NT),dt. 08-07-2016
Rescinding notification No.18/2003-Customs dated 1st March 2003. 98/2016-Cus,dt. 08-07-2016
FASTag on fast track: Crosses 10,000 The sale of FASTag, cashless payment mechanism on toll plazas on National highways has crossed 10,000 mark in the month of June 2016. The monthly transaction through Electronic Toll Collection during the month has crossed Rs.1.0 crore. NHAI has rolled out cashless payment mechanism (FASTag) on toll plazas on… Read More »
Direct Tax Collections upto June, 2016 indicate net revenue collections of Rs.1.24 lakh crore; registering an increase of 24.79% over the corresponding period last year. The direct tax collections upto June, 2016 indicate net revenue collection of Rs.1.24 lakh crore which is a growth of 24.79% over the corresponding period last year. The main reason… Read More »
M/O Culture Invites Proposal /Application for Empanelment of Artists/Events with Ministry for Festivals of India Abroad Ministry of Culture (MoC) is responsible for conducting Festivals of India (FoIs) abroad as part of focused strategy for strengthening international cultural relations and enhancing India’s soft power. This scheme was revived by the Ministry in 2013. The events… Read More »
Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8% The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is… Read More »
RBI/2016-2017/11 DBR.AML.BC.No.1/14.01.001/2016-17 July 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs) In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that… Read More »