Monthly Archives: March 2017

Purchase of foreign exchange from foreign citizens and others – RBI restored status quo ante

By | March 31, 2017

RBI/2016-17/263 A.P. (DIR Series) Circular No. 42 March 30, 2017 To All Authorised Persons Madam / Sir, Purchase of foreign exchange from foreign citizens and others Attention of Authorized Persons is invited to the A.P. (DIR Series) Circulars No. 20, 22 and 24 dated November 25, 2016, December 16, 2016 and January 3, 2017 respectively,… Read More »

RBI advisory on E-wallets

By | March 31, 2017

Date : Mar 30, 2017 RBI advisory on E-wallets The Reserve Bank of India has today advised the users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by RBI under the Payment and Settlement Systems Act, 2007 (the Act) can issue PPI wallets for purchase of goods and… Read More »

Employee Enrolment Campaign extended till 30th June 2017 -EPFO

By | March 31, 2017

Employee Enrolment Campaign extended till 30th June 2017 Social Security coverage under EPFO to the volunteers of Anganwadi, ASHA, Mid-day Meal Workers recommended to the Government. Private Sector Banks allowed to collect contributions on a pilot basis    New eligibility condition for exemption under EPF and MP Act approved.  The Central Board (EPF) under the… Read More »

Applicability of threshold exemption limits for combinations under Competition Act : MCA Clarify

By | March 31, 2017

Ministry of Corporate Affairs issues fresh notifications wherein, the Central Government intends to provide clarity on the applicability of the threshold exemption limits to all forms of combinations; Clarity on the methodology to be adopted for calculating the relevant assets and turnover of the target when only a portion or segment or business of one… Read More »

Key Changes in GST Bills 2017 Vs Revised Model GST Law Nov 2016

By | March 30, 2017

Changes in CGST Bills 2017 Vs Revised Model GST Law Source : Indirect tax Committee ICAI Related Post on GST Bill 2017 CGST Bill 2017 Introduced in Lok Sabha -27.03.2017- Download/Print UTGST Bill 2017 Introduced in Lok Sabha -27.03.2017- Download/Print IGST Bill 2017 Introduced in Lok Sabha – 27.03.2017 Download /Print GST Compensation Bill 2017… Read More »

GST Bill 2017 PPT – Presentation on GST Bill 2017

By | March 30, 2017

Presentation on GST Bill 2017 Related Post on GST Bill 2017 CGST Bill 2017 Introduced in Lok Sabha -27.03.2017- Download/Print UTGST Bill 2017 Introduced in Lok Sabha -27.03.2017- Download/Print IGST Bill 2017 Introduced in Lok Sabha – 27.03.2017 Download /Print GST Compensation Bill 2017 Introduced in Lok Sabha -27.03.2017- Download/Print Guide to GST Bill 2017-… Read More »

USA IRS -Get Credit for Retirement Savings Contributions

By | March 30, 2017

Get Credit for Retirement Savings Contributions  Taxpayers who contribute to a retirement plan, like a 401(k) or an IRA, may be able to claim the Saver’s Credit. This credit can help a person save for retirement and reduce taxes at the same time. Here are some key facts about the Retirement Savings Contributions Credit: Nonrefundable… Read More »