Monthly Archives: December 2016

Processing of Income Tax Returns having Refund claim -CBDT enabled Functionality

By | December 16, 2016

Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) AST INSTRUCTION NO.142 DATED 9-12-2016 Functionality for processing of returns for AY 2007-08 to 2011-12 having refund claims which were not processed within the time allowed u/s 143(1) due to certain technical or other reasons Consequent to CBDT Instruction No. 18/2013… Read More »

Taxi policy guidelines , Committee allowed app based platforms for city Taxies

By | December 16, 2016

Committee on Taxi policy guidelines submits its report, says city taxies should be allowed to run on app based platforms.  The committee constituted by the Ministry of Road Transport and Highways to review issues relating to taxi permits and propose taxi policy guidelines to promote urban mobility has recommended that   city taxies should  be allowed… Read More »

New Taxation Bill to Tax undisclosed Income received assent of President , Notified 15.12.2016

By | December 16, 2016

Taxation Laws (Second Amendment) Act 2016 The following Act of Parliament received the assent of the President on the 15th December, 2016, and is hereby published for general information:—  This Act may be called the Taxation Laws (Second Amendment) Act, 2016. [‘CHAPTER IXA covers TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 ]

National Company Law Tribunal -Practice & Procedure Book

By | December 15, 2016

National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure) Paperback – 2016 Link to Buy National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure)  Chapter I           Historical Background of National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT) Chapter II          Constitution of National… Read More »

Revised Daily Allowance and Hotel Charges Limit for LIC Employees Notified

By | December 15, 2016

MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 14th December, 2016 G.S.R.1136(E).—In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India (Daily Allowance and… Read More »

Steps for Migration of Delhi VAT dealers to GSTN portal

By | December 15, 2016

Migration of Delhi VAT dealers to GSTN portal Related Post State /India GST Material    What is GST? How does it work?- Answer GST Enrolment Plan State Wise : Announced by Indian Govt List of Documents required for GST Migration (India) Steps to enrol on GST Common Portal (India) How to Enroll on GST Portal… Read More »

Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others –

By | December 15, 2016

Ministry of Finance ,15-December, 2016 Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold And Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of… Read More »

Digital Payment System For Parking Charges At Airports

By | December 15, 2016

Digital Payment System For Parking Charges At Airports Airports Authority of India (AAI) has issued directions to the respective Car Parking Licensees across all AAI controlled airports for evolving a mechanism of e-payment transactions in the form of Debit/Credit Cards, Digital Wallets (PayTM, Freecharge, Mobikwik, Reliance Jio etc.) and also keep sufficient change of currency… Read More »