I&B Ministry revises timeline for Phase III & Phase IV of Cable TV Digitization The Ministry of Information & Broadcasting is extending the cut-off date for Phase IV of Cable TV Digitization to 31st March, 2017 in lieu of uncertainty in the market due to pending court cases and unsatisfactory progress of installation of Set… Read More »
GST -Horizontal model and Vertical model for administrative control So far the Central and state governments of India have been discussing two models to divide the administrative control between the Union and state governments. Two Model of administrative control discussed in India are Horizontal model. Vertical model. Horizontal model of GST Under the horizontal model, the… Read More »
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st December, 2016 S.O.4110(E).— In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules… Read More »
MINISTRY OF RAILWAYS (Railway Board) NOTIFICATION New Delhi, the 22nd, December, 2016 G.S.R. 1165(E).—In exercise of the powers conferred by section 129 of the Railways Act, 1989 (24 of 1989), the Central Government hereby makes the following rules further to amend the Railway Accidents and Untoward Incidents (Compensation) Rules, 1990, namely :- 1. Short title… Read More »
The Enemy Property (Amendment and Validation) Fifth Ordinance, 2016. Dated 22nd December 2016 Download Complete Notification Enemy Property (Amendment and Validation) Fifth Ordinance 2016
Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30 th SDecember, 2016. The Central Government has decided that up to 30.12.2016, the payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib KalyanYojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and… Read More »
India -GST Council 7th Meeting ( from 22.12.2016 to 23.12.2016) – – Day One Update The Goods and Services Tax (GST) Council will on Friday i.e on 23.12.2016 , the second day of its ongoing seventh meet, discuss the vexed issue of cross empowerment or dual control of assessee jurisdiction under the pan-India indirect tax… Read More »
Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15 The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) identifies non-filers about whom specific information is available in the AIR, CIB and… Read More »
Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 RBI/2016-17/192 DGBA.GAD.No.1478/15.01.001/2016-17 December 22, 2016 The Chairman/Chief Executive Officer Agency Banks handling Special Deposit Scheme,1975 Dear Sir, Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 Please find enclosed copies of Government of India Gazette Notifications dated April… Read More »
IN THE ITAT JAIPUR BENCH Assistant Commissioner of Income-tax, Central Circle-2, Jaipur v. Ajit Singh KUL BHARAT, JUDICIAL MEMBER AND VIKRAM SINGH YADAV, ACCOUNTANT MEMBER IT APPEAL NO. 714 (JP.) OF 2014 [ASSESSMENT YEAR 2009-10] SEPTEMBER 26, 2016 R.S. Dagur, Addl. CIT for the Appellant. Manish Agarwal, CA for the Respondent. ORDER Vikram Singh Yadav,… Read More »