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Archive: September, 2015

Posts in September, 2015

Count Your Blessings

September 9, 2015 1126 Views 0 comment Print

We have a tendency to always notice what we lack. Even if we may have everything but someone else got something which we don’t, we see the lack of that thing in our lives.Why should we try to find that thing within our lives? We may as well have something that person doesn’t. But still our mind will only notice that one thing.

Indirect Tax Collections for Aug 15 increases by 36.7%

September 9, 2015 435 Views 0 comment Print

Indirect Tax Revenue (Provisional) Collections during Month of August 2015 Increased by 36.7% as Compared with August 2014 while, Overall Indirect Tax Collections During April-August 2015 Increased to Rs. 2,63,089 Crore from Rs. 1,92,677 Crore during the same Period Last Year and thereby Registering an Increase of 36.5%.

Potable alcohol Manufacturing companies to be under State Govt. Control

September 9, 2015 853 Views 0 comment Print

It will ensure that industries engaged in manufacturing alcohol meant for Potable purposes shall be under the total and exclusive control of States in all respects. This should also assign accountability to States for manufacture of Potable alcohol.

Salient features of norms for spectrum trading

September 9, 2015 852 Views 0 comment Print

Close on heals of the decision on spectrum sharing, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today approved a proposal of the Department of Telecommunications on guidelines for spectrum trading arising from the recommendations of the Telecom Regulatory Authority of India (TRAI).

Reg. Safeguard Duty on product HR Coil

September 9, 2015 1406 Views 0 comment Print

Director General (DG) of Safeguards Recommends Imposition of Provisional Safeguard Duty @ 20%, for a Period of 200 Days for Hot-Rolled Flat Products of Non-Alloy and other Alloy Steel in Coils of a Width of 600 MM OR More; Recommendations of the DG Safeguards to be Examined by the Board of Safeguards Headed by the Commerce Secretary

Govt to permit 100% FDI in White Label ATM Operations

September 9, 2015 1520 Views 0 comment Print

Review of Foreign Direct Investment (FDI) Policy – to permit FDI, up to 100 percent, under the automatic route, in White Label ATM Operations The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to permit Foreign Direct Investment (FDI), up to 100 percent, under the automatic route, in the […]

No extension of Tax Audit Due date for AY 2015-16

September 9, 2015 84429 Views 240 comments Print

No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16 for Certain Categories of Assessees Including Companies, and Firms and, Individuals Engaged in Proprietary Business/Profession etc whose Accounts are required to be Audited; Taxpayers are Advised to file their Returns Well in Time to Avoid Last Minute Rush

Salient features of Sovereign Gold Bonds Scheme

September 9, 2015 3191 Views 0 comment Print

i. Sovereign Gold Bonds will be issued on payment of rupees and denominated in grams of gold. ii. Bonds will be issued on behalf of the Government of India by the RBI. Thus, the Bonds will have a sovereign guarantee. iii. The issuing agency will need to pay distribution costs and a sales commission to the intermediate channels, to be reimbursed by Government.

Govt introduces Revamped Gold Deposit & Gold Metal Loan Scheme

September 9, 2015 3323 Views 0 comment Print

The objective of introducing the modifications in the schemes is to make the existing schemes more effective and to broaden the ambit of the existing schemes from merely mobilizing gold held by households and institutions in the country to putting this gold into productive use. The long-term objective which is sought through this arrangement is to reduce the country’s reliance on the import of gold to meet domestic demand.

Additional DA instalment released to Central Govt employees

September 9, 2015 883 Views 0 comment Print

Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1.7.2015 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01.07.2015. This represents […]

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