Monthly Archives: October 2016

Revision of interest rates for Small Savings Schemes

By | October 13, 2016

RBI/2016-17/82 DGBA.GAD.881/15.02.005/2016-17 October 13, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.13/15.02.005/2016-17 dated July 7, 2016 on the above subject. The Government of India, had… Read More »

Revised Kisan Credit Card (KCC) Scheme-RBI

By | October 13, 2016

Revised Kisan Credit Card (KCC) Scheme RBI/2016-17/84 FIDD.FSD.BC.No.18/05.05.010/2016-17 October 13, 2016 The Chairman and Managing Director/ CEOs All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Revised Kisan Credit Card (KCC) Scheme Please refer to our circular RPCD.FSD.BC.No.23/05.05.09/2012-13 dated August 7, 2012 on the above subject. 2. It has been decided to make certain changes in… Read More »

Limited Liability Partnership- Practice Book 2016

By | October 13, 2016

Limited Liability Partnership- Law and Practice BUY Limited Liability Partnership- Law and Practice A LLP contains features of two long-standing forms of business associations, namely the ‘company’ and the ‘partnership firm’. A LLP, thus, is a hybrid of a company and a partnership. To explore this new business structure, every businessman and professional would need… Read More »

Settlement Commission has powers to make addition in income of assessee to determine tax liability

By | October 13, 2016

HIGH COURT OF ORISSA Commissioner of Income-tax, Sambalpur v. Income-tax Settlement Commission (IT & WT) I. MAHANTY AND DR. D.P. CHOUDHURY, JJ. W.P. (C) NO. 1199 OF 2015 AUGUST  31, 2016 S.K. Acharya, Sr. Standing Counsel (IT) for the Petitioner. Manas Mohapatra, Sr. Adv. for the Repondent. ORDER Dr. D.P. Choudhury, J. – In the… Read More »

GST Suvidha Provider (GSP)

By | October 13, 2016

GST SUVIDHA PROVIDERS (GSP): ILLUSTRATED FRAMEWORK (BUILDING OF GSP ECO SYSTEM) Background The Goods and Services Tax constitutional amendment having been promulgated by the Govt of India, the rollout of the GST Bill will be a collective effort of the Central and State Governments, the tax payers and the IT platform provider i.e. GSTN, CBEC… Read More »

GST Network to launch registration portal

By | October 13, 2016

Existing taxpayers can enrol and submit their details to ensure seamless tax payment, returns and refunds on the website, to be opened in November New Delhi: Goods and Services Tax Network (GSTN), the company tasked with setting up the information technology backbone for the ambitious indirect tax reform, will open a website for the registration… Read More »