RBI/2016-17/225 DGBA.GAD.2012/15.02.005/2016-17 February 9, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their… Read More »
Labour Laws (Jan 2017 edition) – 2017 by Taxmann Description of Labour Laws 2017 Edition It contains followings Apprentices Act 1961 Child and Adolescent Labour (Prohibition and Regulation) Act 1986 Contract Labour (Regulation and Abolition) Act 1970 Employees Compensation Act 1923 Employees Provident Funds and Miscellaneous Provisions Act 1952 Employees State Insurance Act 1948 Employment… Read More »
TCS on sale of jewellery Summary : TCS @ 1% required to be deducted on sale of Jewellery exceeding Rs 5,00,000/- in cash. However as per Finance Bill 2017 w.e.f 01.04.2017 this Provision of deduction of TCS on sale of jewellery is to be abolished. Reasons for no TCS on sale of Jewellery from 01.04.2017: As… Read More »
Guidelines for Conducting TDS Surveys by Income Tax Department
First Part of Budget Session, 2017 of Parliament concludes The Budget Session, 2017 of Parliament commenced on Tuesday, 31st January, 2017 and subject to exigencies of government business, will be adjourned sine die on Wednesday, 12th April, 2017. Both the Houses have been adjourned for recess for a period of 27 days on Thursday, 9th… Read More »
Opening of the first batch of new Post Office Passport Seva Kendras The Ministry of External Affairs (MEA) and the Department of Posts (DOP) announced on 24 January, 2017 their decision to utilize the Head Post Offices (HPO) in the various States as Post Office Passport Seva Kendra (POPSK) for delivering passport related services to… Read More »
Govt. keeps interest rates unchanged for small savings schemes in fourth quarter
Exemption from tax collection at source under sub-section (1F) of section 206C in case of certain specified buyers. The existing provision of sub-section (1F) of section 206C of the income tax Act, inter-alia provides that the seller who receives consideration for sale of a motor vehicle exceeding ten lakh rupees, shall collect one per… Read More »
Indian Institutes of Management Bill 2017 Bill No. 20 of 2017 09.02.2017
THE REPEALING AND AMENDING BILL 2017 Bill No. 22 of 2017 on 09.02.2017