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Archive: 27 May 2014

Posts in 27 May 2014

List of Cabinet Ministers with Portfolio in Modi Government

May 27, 2014 4962 Views 1 comment Print

The President of India, as advised by the Prime Minister, has   directed the allocation of portfolios among the following members of the Union Council of Ministers:- Shri Narendra Modi, Prime Minister Personnel, Public Grievances and Pensions Department of Atomic Energy Department of Space All important policy issues and all other portfolios not allocated to any […]

Companies CAP Provident Fund (PF) contribution to Rs. 6500

May 27, 2014 12901 Views 0 comment Print

All the Regional Provident Fund Commissioners-In-charge of Regional /Sub-Regional Offices are, therefore, directed not to force employers to contribute over and above the statutory wage ceiling in respect of their employees. However, option is available for the employees to contribute beyond the statutory wage ceiling if they so desire subject to the conditions enumerated under para 26(6) of the Employees’ Provident Funds Scheme, 1952.

Importers can now book forward contracts, under past performance route, up to 50% of eligible limit

May 27, 2014 1268 Views 0 comment Print

With a view to providing importers with greater flexibility in hedging facility, it has been decided to allow importers to book forward contracts, under the past performance route, up to 50 per cent of the eligible limit. Importers who have already booked contracts up to previous limit of 25 per cent in the current financial year, shall be eligible for difference arising out of the enhanced limits.

Govt constitutes SIT on BLack Money

May 27, 2014 1764 Views 0 comment Print

Constitution of Special Investigation Team in compliance with the judgement of Hon’ble Supreme Court The Union Cabinet today approved constitution of Special Investigating Team (SIT) to implement the decision of the Hon’ble Supreme Court on large amounts of money stashed abroad by evading taxes or generated through unlawful activities. The SIT will be headed by […]

The Depositor Education and Awareness Fund Scheme, 2014

May 27, 2014 2375 Views 0 comment Print

On the date of transferring the amount to the Fund, the bank should maintain customer-wise details verified by the concurrent auditors, including payment of up-to-date interest accrued, that has been credited to the deposit account till the date of transfer to the Fund, with respect to interest bearing deposits.

How to send form 16, Form 16A and other Forms automatically

May 27, 2014 51441 Views 47 comments Print

Let us say you want to send Salary Slips to Employees on a monthly basis or Form 16 to Employees on a yearly basis or Form 16A to Deductees on a quarterly basis or any other Personnel specific attachment. Many Companies/Businesses send these Forms in hard copy by couriering it to the receiving Party which calls for the Courier cost and the company’s resources.

UP ITO jailed in bribery case

May 27, 2014 2425 Views 0 comment Print

Special Judge (West) Anti-Corruption, Lucknow has sentenced Shri Bhagwati Prasad, then Income Tax Officer, Barabanki (Uttar Pradesh) to undergo five years Rigorous Imprisonment with fine of Rs. 90,000/- in a bribery case.

Differences between duty credit scrips and goods permitted/not-permitted against them under respective FTP paragraphs/Customs Notification

May 27, 2014 1148 Views 0 comment Print

Attention of field formations is drawn to the fact that diverse types of duty credit scrip are issued under relevant paragraphs of Foreign Trade Policy. These duty credit scrips have varying degrees of transferability/actual user conditions that, inter alia, determine which person may use the scrip and, at times, for what purpose.

Leadership Lessons from Mothers

May 27, 2014 3166 Views 0 comment Print

What we can learn from our mother about leadership? A simple truth to be brought to everyone’s attention is that we are so obsessed with observing the business tycoons and famous people around the world, that we are forgetting the simple lessons to be learnt from our own mother.

Corrigendum: Companies (Removal of Difficulties) Order, 2014

May 27, 2014 1208 Views 0 comment Print

In the notification of the Government of India in the Ministry of Corporate Affairs S.O. 1177(E), dated the 29th April, 2014 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated 30th April, 2014,

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