Office of the Commissioner of Sales Tax, 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai –400 010. TRADE CIRCULAR No.: JC/EIU/CDA1314/2016-17/B-1025 Trade Circular No. 37T of 2016 Mumbai dt. 25/11/2016 Subject: The Computerized Desk Audit (CDA) for the period 2013-14. The department has generated Computerized Desk Audit (CDA) reports for the period 2013-2014 after analyzing electronic data… Read More »
Text of PMs Speech at a function to commemorate Constitution Day, at Parliament House Annexe, 26 Nov 2016 आदरणीय सुमित्रा जी एवं उपस्थित सभी वरिष्ठ महानुभाव 26 नवंबर संविधान दिवस के रूप में मनाना 2015 से प्रारंभ किया| कल्पना ये है कि हमारी नई पीढ़ी इस सविंधान के साथ उसकी प्रक्रिया के साथ उसके उद्देश्यों… Read More »
Surrogacy The Ministry of Home Affairs (MHA), vide letter No. 25022/74/2011-F-I dated 9th July, 2012 issued guidelines for circulation to the Mission in foreign countries, stipulating, inter-alia, that foreign nationals visiting India with a medical Visa only, can avail of surrogacy. Subsequently, the aforesaid guidelines were reiterated vide MHA’s letter No. 25022/74/2011-F-I dated 14th October,… Read More »
Sex-Ratio in India As per the Census, 2011 the child sex ratio has shown decline from 927 females per thousand males in 2001 to 918 females per thousand males in 2011. The State/UT-wise details are given below: Child Sex Ratio as per Census (1971-2011) S. No. States/UTs 2011 India 918 1 Jammu & Kashmir… Read More »
Systematic Investment Plans (SIPs) in Mutual Funds in India The number of Systematic Investment Plans (SIPs) in Mutual Funds in India has almost doubled from 60 lakh as on 31st March 2014 to 116.3 lakh as on 31st March 2016. It has further increased to 134.5 lakh as on 31st October 2016. The details of… Read More »
Value of Currency Notes in Indian Languages The Indian banknotes are printed in two languages, English and Hindi. In addition, the other languages printed on the language panel of the Indian notes are Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Oriya, Punjabi, Sanskrit, Tamil, Telugu and Urdu. Inclusion of languages on Banknotes is… Read More »
Listing of Indian Insurance Companies Insurance Regulatory and Development Authority of India (IRDAI) issued a Discussion Paper on “Listing of Indian Insurance Companies” on 11th August 2016 in order to seek feedback on mandatory listing of life and non-life insurers. The Discussion Paper inter-alia suggests the following: i) Public listing enables the retail and institutional… Read More »
Senior Citizen Savings Schemes Senior Citizens Saving Scheme, 2004 is a scheme of Department of Economic Affairs, Ministry of Finance and is operated through post offices and designated branches of banks. The following are the details of number of accounts being operated in various banks. Sr.No Name of Bank No. of Accounts 1. Andhra Bank… Read More »
Foreign portfolio investors (FPIs) Foreign portfolio investors (FPIs) raised certain taxation issues relating to applicability of Minimum Alternate Tax (MAT) on them. The Government set up a committee under Justice A. P. Shah to examine the issue raised by them. On the recommendations of the committee, an amendment in section 115JB of the Income-tax Act,… Read More »
PPP Contracts in the Infrastructure Sector Public Private Sector (PPP) concessions are usually long term arrangements spanning over decades and contracting parties are required to manage the uncertainties and complexities that arise over the long-term concession periods. The Committee on Revisiting and Revitalizing the PPP Model of Infrastructure chaired by Dr. V.Kelkar, in its Report… Read More »