Tax on NPS The provision that the withdrawal from National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserting clause (12A) in Section 10 of the Act. Prior to Finance Act, 2016, National Pension Scheme (NPS), referred… Read More »
Charges on digital transactions Digital financial transactions are a part of the Government’s strategy to create histories of transactions, including the associated credit, and thereby enable small and micro enterprises to access formal credit, improve tax compliance, and mainstream financial savings into the banking system, which will help mobilise such savings for economic growth. All… Read More »
Press Information Bureau Government of India Election Commission 09-April-2017 09:50 IST FAQs on Security Features of The ECI-EVMs In the recent past, there have been some queries in the minds of common people about the security features of Electronic Voting Machines (EVMs) of Election Commission of India (ECI). The Election Commission has, time and again,… Read More »
The Revised Cost Accounting Standards (CAS-6, CAS-7, CAS-12, CAS -16 and CAS 17) are as follows: CAS-6 (Revised 2017) CAS-7 (Revised 2017) CAS-12 (Revised 2017) CAS -16 (Revised 2017) CAS -17 (Revised 2017)
JIO WELCOMES OVER 72 MILLION JIO PRIME MEMBERS, AND COUNTING! JIO ANNOUNCES JIO SUMMER SURPRISE FOR JIO PRIME MEMBERS — WITH FIRST RECHARGE OF Rs 303 AND ABOVE, 3 MONTHS OF COMPLIMENTARY SERVICE EXTENDS TIMELINE UPTO 15TH APRIL FOR FIRST RECHARGE FASTEST CONVERSION FROM FREE TO PAID SERVICES Mumbai, March 31, 2017: Reliance Jio Infocomm… Read More »
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) CMA BHAWAN 12, SUDDER STREET, KOLKATA – 700 016. Telephones : +91-33-2252-1031/1 034/1035, +91-33-2252-1602/1492/1619, +91-33-2252-2204/7173/7373 Fax :91 -33-22527993, 91-33-22521026, 91-33-22521723 Website : www.icmai.in Ref. No.: CMA (3)/2017 Dated: March 31, 2017 NOTICE Extension of time for CEP Credit Hours for renewal… Read More »
Institute of Company Secretaries of India(ICSI) Revision in the Annual Membership fee, Entrance Fee and Certificate of Practice fee for Associate and Fellow Members w.e.f. 1st April, 2017 The Council of the Institute has decided revision in Annual Membership fee, Entrance fee and Certificate of Practice fee for Associate and Fellow Members w.e.f. 1st April, 2017,… Read More »
The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017-18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads Revision of rates is a reflection of… Read More »
Exchange rate of the Indian rupee The exchange rate of the Indian rupee has generally witnessed an appreciation trend against the US dollar in the recent period, notwithstanding intermittent bouts of volatility witnessed especially during November-December 2016 on the back of the US presidential election results and Fed rate hike (Table below): Monthly Average Rs/$… Read More »
Cabinet allows unrestricted export of all certified organic agricultural products The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for removal of all quantitative ceilings on individual organic products and allowed unrestricted exports of all organic agricultural and organic processed products irrespective of any existing or… Read More »