During the current Financial Year 2016-17, the Indian Economy continues to consolidate the gains achieved in restoring macro-economic stability; Despite the continuing global sluggishness and recent pick-up in petroleum prices, the macro-economic indicators continue to be robust in the current Year Year End Review – 2016 Department of Economic Affairs, Ministry of Finance During… Read More »
Govt of India has revised the Investment pattern of moneys contributed to a provident fund under Rules 67(2) of Income tax Rules . Read following Notification. ( relevant Extract of Rule 67 are also produced) ] PART XII RECOGNISED PROVIDENT FUNDS Rule 67 of Income Tax Rules read as under Investment of fund moneys. 67 .… Read More »
RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director / Chief Executive Officer Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-op Banks Dear Sir, Closure of the scheme of exchange of Specified Bank Notes… Read More »
LAUNCH OF INCREDIBLE INDIA HELPLINE: The Ministry of Tourism has launched the 24×7 Toll Free Multi-Lingual Tourist Helpline in 12 International Languages including Hindi & English on 8.2.2016. This service is available on the toll free number 1800111363 or on a short code 1363 and operational 24×7 (all days) in a year offering a “multi-lingual… Read More »
GST TRANSITIONAL PROVISIONS GST on Input or Input Service During Transit as per Revised Model GST Law, GST Issue Series -1 : Credit of Taxes paid on Capital Goods received on or after Appointed Date ? There is possibility that capital goods purchased before the appointed day are received by the assessee on or after… Read More »
Law of Notices with Electronic Notices Hardcover – 1 Nov 2016 by Rajesh Gupta (Author) Buy Law of Notices with Electronic Notices Hardcover: 1188 pages Publisher: Universal Law Publishing – An imprint of Lexis Nexis; Third edition (1 November 2016) Language: English This work, besides making a threadbare analysis of technical provisions of law and their… Read More »
Form V (PMGK Deposit Scheme, 2016) – User Manual Table of Contents Introduction……………………………………………………………………………………………………. Pre-Requisites for Uploading Form V ……………………………………………………………….. Steps to generate ITDREIN for Form V……………………………………………………………. Steps to add Authorised Person …………………………………………………………………………. Steps to Upload Form V ………………………………………………………………………………………… Steps to View Form V……………………………………………………………………………………………. Introduction. As per the Notification No.[F.No.3(1)-W&M/2016] / so 4061, dated 16-12-2016, the… Read More »
Download Form V – Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 [ zip file] As per the Notification No.[F.No.3(1)-W&M/2016] / so 4061, dated 16-12-2016, the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 has been notified. The deposits under this Scheme shall be made by any person who intends to declare undisclosed income under sub-section (1) of… Read More »
Central Government had extended the date to “31st day of January, 2017” on or before which a person may make a declaration to the designated authority in respect of tax arrear or specified tax under the Direct Tax Dispute Resolution Scheme, 2016 . Earlier the date was 31st day of December, 2016. Read Following Notifications… Read More »
Ministry of Finance 29-December, 2016 Two More Advance Pricing Agreements signed by the Central Board of Direct Taxes. With this, the total number of APAs entered into by the CBDT reaches 117 The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements… Read More »