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Archive: 18 November 2016

Posts in 18 November 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6390 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19401 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Central Advisory Board under Minimum Wages Act and Rules

November 18, 2016 2467 Views 0 comment Print

In exercise of powers conferred by Minimum Wages Act, 1948 and Minimum Wages (Central Advisory Board) Rules, 2011 and in supersession of the notification of Government of India in Ministry of Labour and Employment

Withdrawal of relaxation of cash withdrawals by Farmers & for wedding

November 18, 2016 1810 Views 0 comment Print

It seems this notification have some mistakes as vide this government has withdrawn relaxation for cash withdrawal and for wedding celebration.

Notification on cash withdrawal by Farmers & for Wedding Celebration

November 18, 2016 955 Views 0 comment Print

(x) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified by the Reserve Bank of India; (xi) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India

Illustrative Explanation for Cross Utilisation of CREDITS under GST

November 18, 2016 9178 Views 2 comments Print

The Law allows utilization of credit of one component of tax against the other in different situations with the exception of utilization of CGST for SGST and vice versa, the Government has taken this bold step and so needs to do a lot of background accounting to keep the respective accounts of CGST/SGST/IGST straight

Issue of Imposition of Penalty u/s 270A of Income Tax Act,1961

November 18, 2016 35767 Views 7 comments Print

Demonetization of Indian High Value Currency Notes is creating havoc and sheer chaos in the Indian Markets. Amidst such a scenario, rumours are spreading on imposition of 200% penalty by the Income Tax Department on the cash deposited in banks by the assessee’s.

Demonetization and its effect on the banking sector

November 18, 2016 89167 Views 2 comments Print

Everyone is aware about the demonetization policy of the government by banning Rs. 500 & Rs. 1000 currency notes. One can understand that it would have a pretty bad impact on SMEs, small traders, real estate, transport sector, consumer durable goods industry.

Clearance of import of metal scrap-Procedure-regarding

November 18, 2016 1555 Views 0 comment Print

It is clarified that the import of shredded metallic scrap shall continue to be cleared inter-alia upon furnishing of pre-shipment inspection certificate. Para 3(i) of the Circular No. 48/2016-Customs shall stand modified to that extent.

India -UK Sign 3 more Bilateral Advance Pricing Agreements

November 18, 2016 1042 Views 0 comment Print

India and UK Sign three Bilateral Advance Pricing Agreements (B- APAs) taking the total number of APAs signed [both- bilateral and unilateral] to 111

India signs revised DTAA with Cyprus

November 18, 2016 1822 Views 0 comment Print

Revised Double Taxation Avoidance and the Prevention of Fiscal Evasion (DTAA) Agreement signed today between India and Cyprus

Prosecution for allowing use of Bank A/C by others for Black Money Conversion

November 18, 2016 3880 Views 1 comment Print

Person(s) who allows His Or Her Bank Account to be misused for for conversion of Black Money into New Denomination Notes can be Prosecuted for Abetment under Income Tax Act,1961

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