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Archive: 25 July 2016

Posts in 25 July 2016

Farmers free to “sale” – Commission agent / Traders in TDS “trail”.

July 25, 2016 31546 Views 1 comment Print

Maharashtra Government has changed the working system of farmers, Commission agents as well as traders. What are the consequences of this in relation to income tax? India is agriculture oriented country. For getting fair market prices and customer to farmers for the agricultural produce produced by them the state government has formed Agriculture Produce Market Committee in various cities.

Govt notifies pay scale as per 7th Pay Commission recommendations

July 25, 2016 27225 Views 0 comment Print

The Government, after consideration, has decided to accept the recommendations of the 7th Central Pay Commission in respect of the categories of employees covered in its Terms of Reference contained in the aforesaid Resolution dated the 28th February, 2014 in the manner as specified hereinafter.

Get Affordable Life Insurance with Max Life Online Term Plan

July 25, 2016 21880 Views 0 comment Print

When life gives you lemons, make lemonade is a common phrase that best describes the unpleasant unexpected occurrences that life throws at you. As an achiever, you need to plan ahead and create a growth funnel that will enable your family to be financially strong even in your absence.

'Letter Template' for linking of AIR transaction(s) to a valid PAN

July 25, 2016 22646 Views 0 comment Print

The Income Tax Department has received information about large value transactions relating to you under the Annual Information Return (AIR) without a valid PAN. The list of such transactions is provided. You are requested to submit the on-line response as under:

Startup India Programme & Fund of Funds for Start UPS

July 25, 2016 20816 Views 0 comment Print

Startup India Portal and Mobile App: These have been launched as online platform for providing updates, information, recognition and eligibility certificates to Startups and other stakeholders

Notification No. 103/2016-Customs (N.T.) dated 25.07.2016

July 25, 2016 25063 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 123 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 204/84 –Customs, dated the 20th July, 1984, the Central Government hereby specifies the following other classes of goods, for the purposes of the said section, namely:-

Audit Committee Listing agreement VS Companies Act, 2013

July 25, 2016 29873 Views 1 comment Print

The Audit Committee shall consist of Minimum of three director with independent director forming majority Provided that majority of member of Audit Committee including the Chairperson shall be person with ability to read and understand the financial statement

Liability to register & pay GST under e-Commerce business models

July 25, 2016 25613 Views 0 comment Print

Classification of Various Business Models under E-Commerce as Electronic Commerce Operator, Aggregator or otherwise-I had classified general activities of E-Commerce portals under the following two broad categories as E-Commerce platforms engaged in or facilitating buying or selling of goods and E-Commerce platforms engaged in providing or facilitation of services. The detailed analysis vis-a-vis two broad categories and further sub-categories is as follows:

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