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Archive: 11 August 2016

Posts in 11 August 2016

Constitution of National Committee on Trade Facilitation

August 11, 2016 1903 Views 0 comment Print

The formation of a National Committee on Trade Facilitation (NCTF) is part of the mandatory, institutional arrangement of the WTO Agreement on Trade Facilitation (TFA). Article 23.2 of the TFA requires each WTO member to establish and/or maintain a NCTF or designate an existing mechanism to facilitate both domestic co-ordination and implementation of TFA. provisions.

“Sudoku”- The Puzzle of Life

August 11, 2016 5722 Views 0 comment Print

Sudoku is a Japanese game which is a logic-based, number-placement puzzle. In this game one has to fill a 9×9 grid with digits so that each column, each row, and each of the nine 3×3 subgrids all contains the digits from 1 to 9. The puzzle setter provides a partially completed grid, which has to be completely filled.

Notification No. 69/2016-Income Tax Dated: 11.08.2016

August 11, 2016 520 Views 0 comment Print

(a) grant from Central Government; (b) grant from State Government; and (c) consent fee for permission for setting up industry in the state of Haryana.

Applying for loan: What you must do while handing over your KYC documents

August 11, 2016 7168 Views 2 comments Print

Why is KYC Needed? Since your KYC is one of the stepping stones when commencing a new financial relationship, it becomes obvious that you must keep all these documents well guarded and make sure they are not easily duplicated. If you let your documents float around the city then you could land in a major mess which could upset all your future financial relationships.

Freedom from Multiple Taxes in GST Regime

August 11, 2016 4129 Views 0 comment Print

The nation is on the cusp of executing one of the most ambitious and remarkable tax reforms in its independent history. Implementing a new tax, encompassing both goods and services, to be implemented by the Centre, 29 States and 2 Union Territories

Benami Transactions (Prohibition) Amendment Act, 2016

August 11, 2016 13051 Views 0 comment Print

Benami property means any property which is the subject matter of a benami transaction and also includes the proceeds from such property; (9) benami transaction means,— (A) a transaction or an arrangement—(a) where a property is transferred to, or is held by, a person, and the consideration for such property has been provided, or paid by, another person; and

Don’t try to give up Over-Spending!!!

August 11, 2016 3220 Views 0 comment Print

Giving up over-spending is a struggle. It brings a lot of negative emotions like guilt, frustration and shame. When you are thinking about giving up over-spending, sub-consciously you are still thinking about over-spending. The more you try to give up over-spending, the more you indulge in over-spending.

GST Impact on Traders

August 11, 2016 35596 Views 1 comment Print

Goods and Services Tax is a reality now. The only decision left in this regards is the roll –out date. It is the biggest tax reform in India since its independence. Once GST rolls out, it would have significant impact on every segment of business entities be it traders, manufacturers, agents etc.

Multipurpose Empanelment Form for year 2016 -17 starts

August 11, 2016 4069 Views 0 comment Print

This is to inform that Multipurpose Empanelment Form for the year 2016-17 will be live at www.meficai.org on 11th August, 2016. This year, we have made every effort to make it more comprehensive to collect maximum information and disseminate through a centralized database.

Overview – Compounding of Offences under FCRA, 2010

August 11, 2016 8848 Views 0 comment Print

Every officer or authority referred to in sub-section (1), while dealing with a proposal for the compounding of an offence for a default in compliance with any provision of this Act which requires by an individual or association or its officer or other employee to obtain permission to file

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