RBI/2016-17/134 DBR.RRB.BC.No.36/31.01.002/2016-17 November 16 , 2016 All Regional Rural Banks Dear Sir / Madam, Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Licensing – Census data 2011 Please refer to our Master circular on Branch Licensing DBR.CO.RRB.BL.BC.No.17/31.01.002/2015-16 dated July 1, 2015. As the Census data for 2011 are available in… Read More »
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 16, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
The appellate authority has relied on the decision of CIT v. Green Gold Tree Farmers (P.) Ltd.[2008] 299 ITR 262 (Uttarakhand),wherein it has been held that sale proceeds of plants raised in nursery on land belonging to the assessee constitute agriculture income. The appellate authority has also referred to the decision of a Division Bench… Read More »
Migration of Uttarakhand VAT dealers to GSTN portal By Order number 4340 Dated 09.11.2016, instruction regarding Data Migration of existing registered dealers to GST has been issued by the commissioner. For more information, kindly follow the link below………. State /India GST Material GST Enrolment Plan State Wise : Announced by Indian Govt… Read More »
Demontization- Exchange of Old Bank Notes 1) No charges on multiple withdrawals from ATM: Under existing norms, bank charges fee for more than 3 withdrawal from ATM. However, due to withdrawal limit of Rs 2500 per day, people are forced to do multiple transactions. Thus, in order to provide relief to them, it has been decided… Read More »
Circular No. 52/2016-Cus F.No.450181/2016-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 15th November, 2016 To All Principal Chief Commissioners/Chief Commissioners of Customs /Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs and Central Excise, All Principal Directors General/ Directors General, All Principal… Read More »
Instruction No.12 of 2016 F.No.370142/8/2016-TPL (Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** New Delhi, the 11th November, 2016 To, All Principal Chief Commissioners of Income-tax Subject: – The Income Declaration Scheme, 2016 (the Scheme) -reg. Instances have been reported by the field authorities that… Read More »
People are receiving notice u/s 133(6) of Income Tax to intimate them Cash in Hand as on 31st March, 2016 and 8th November, 2016. Extract from Notice: SUB: Request for information u/s 133(6) regd You may be aware that Government of India vide their Notification dated 8 November 2016 have withdrawn the Legal Tender status… Read More »
FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya Mumbai 400 032, dated the 12th November 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2000. No. VAT. 1516/CR-153/Taxation-1.— Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005… Read More »
GST FAQ’s in Hindi ( Released by CBEC – Central Board of Excie and Custom) Download FAQ’s on Goods and Service Tax in Hindi by CBEC State /India GST Material GST Enrolment Plan State Wise : Announced by Indian Govt Steps to enrol on GST Common Portal (India) India How to… Read More »