Monthly Archives: July 2018

Leave Encashment Income Tax Treatment

By | July 5, 2018

Leave Encashment Income Tax Treatment Leave Encashment Income Tax Treatment / Taxation of Leave Encashment Why Leave Encashment is taxable : As per Section 17(1) of Income Tax Act  : (1) “salary” includes— …… —- (va) any payment received by an employee in respect of any period of leave not availed of by him; When Leave Encashment is not taxable   Section… Read More »

NOIDA is not local authority , No Income Tax Exemption : Supreme Court

By | July 5, 2018

The submission of the appellant is that the appellant is covered by Clause (ii) of the Explanation i.e. “Municipality as referred to in clause (e) of Article 243P of the Constitution”. We, while discussing above provisions, have already held that the appellant is not covered by the word/expression of “Municipality” in clause (e) of Article… Read More »

Tax Officer has to take decision on application for revision of VAT returns :Kerala HC

By | July 5, 2018

HIGH COURT OF KERALA KNR Walayar Tollways (P.) Ltd. v. Commercial Tax Officer P.B. SURESH KUMAR, J. W.P. (C) NO. 8643 OF 2018 MARCH  14, 2018 R. Muralidharan Aroor and R. Ramakrishnan Potty, Advs. for the Petitioner. V.K. Shamsudeen, Sr. Govt. Pleader for the Respondent. JUDGMENT 1. Petitioner was an assessee under the Kerala Value Added Tax Act (‘the Act’) on… Read More »

RBI Master Direction on Currency Distribution & Exchange Scheme

By | July 5, 2018

Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public RBI/DCM/2018-19/63 Master Direction DCM (CC) No.G-3/03.41.01/2018-19 July 3, 2018 The Chairman and Managing Director / Chief Executive Officers, All Banks Madam / Dear Sir, Master Direction on Currency Distribution & Exchange Scheme (CDES) based… Read More »

Currency Chest Transaction : RBI Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting

By | July 5, 2018

Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances RBI/DCM/2018-19/62 Master Direction DCM (CC) No. G – 5/03.35.01/2018-19 July 3, 2018 1. The Chairman & Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The… Read More »

Category: RBI

RBI Master Circular : Penalties for bank branches for customer service performance

By | July 5, 2018

Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public RBI/2018-19/11 DCM (CC) No.G-4/03.44.01/2018–19 July 3, 2018 The Chairman & Managing Director Chief Executive Officers All Banks Madam / Dear Sir, Master Circular – Scheme of Penalties for bank branches based on performance in… Read More »

HDFC Bank IFSC Code Andhra Pradesh Branches

By | July 4, 2018

HDFC Bank IFSC Code Andhra Pradesh Branches HDFC Bank IFSC Code Andhra Pradesh Branches   IFSC CODE BRANCH NAME ADDRESS HDFC0000050 VISAKHAPATNAM – ANDHRA PRADESH POTLURI CASTLE 1ST FLOOR ABOVE RAYMOND SHOW ROOM 48-14-9 DWARAKA NAGAR VISAKHAPATNAM ANDHRA PRADESH HDFC0000109 VIJAYAWADA – ANDHRA PRADESH NO.40-1-129 GROUND FLOOR NEAR BENZ CIRCLE M.G.ROAD VIJAYAWADA ANDHRA PRADESH HDFC0000189… Read More »

HDFC Bank IFSC Code Karnataka Branches

By | July 4, 2018

 HDFC Bank IFSC Code Karnataka Branches HDFC Bank IFSC Code Karnataka Branches IFSC CODE BRANCH NAME ADDRESS HDFC0000009 KASTURBA GANDHI MARG 24/3 HDFC HOUSE NO. 51 KASTURBA ROAD KASTURBA ROAD BANGALORE KARNATAKA HDFC0000041 MALLESHWARAM BANGALORE NO.47 MARGOSA ROAD NEXT TO BSNL OFFICE 15TH CROSS MALLESHWARAM BANGALORE BANGALORE KARNATAKA HDFC0000053 KORAMANGALA MAIN BRANCH NO.9 ETERNA KORAMANGLA… Read More »

CCI launches an Online Guidance System for determining notifiability of Merger & Acquisitions

By | July 4, 2018

Ministry of Corporate Affairs Competition Commission of India (CCI) launches an Online Guidance System for determining notifiability of Merger & Acquisitions in terms of the Competition Act, 2002. Posted On: 04 JUL 2018 7:18PM by PIB Delhi Supplementing the Government of India’s vision for e-Governance and Digital India Programme, the Competition Commission of India (CCI) today… Read More »