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Archive: 22 November 2016

Posts in 22 November 2016

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

May 15, 2024 7059 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.

Demonetisation- Special measures to incentivise e-Payments

November 22, 2016 3016 Views 0 comment Print

Measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments(ii) Special measures for merchants

Relaxation in conditions of cash withdrawal for wedding Celebration

November 22, 2016 2218 Views 0 comment Print

#Demonetisation- Wedding Celebrations- A detailed list of persons to whom the cash withdrawn is proposed to be paid, together with a declaration from such persons that they do not have a bank account, where the amount proposed to be paid is ₹ 10,000/- or more. The list should indicate the purpose for which the proposed payments are being made.

Ensure Adequate cash supply during Rabi Crop Season: RBI

November 22, 2016 874 Views 0 comment Print

#Demonetisation It is estimated that about ₹ 35,000/- crore would be required by the DCCBs for sanction and disbursement of crop loans to the farmers at the rate of ₹ 10,000/- crore per week.

Watch Fraudulent Act of note exchange by Bank officials: RBI

November 22, 2016 3667 Views 0 comment Print

#Demonetisation Few bank branch officials, in connivance with some miscreants, are indulging in fraudulent practices while exchanging SBNs in cash / accepting SBN deposits into account.

Demonetisation- RBI cautions public on Bank Account misuse

November 22, 2016 3223 Views 1 comment Print

It is reported that certain gullible persons are exchanging demonetised notes of Rs. 500 and Rs. 1000 on behalf of other and some are even helping them by depositing the hoarded cash into their own bank accounts

Demonetisation- RBI increases Prepaid Instrument Limit to Rs. 20000

November 22, 2016 2161 Views 0 comment Print

PPIs issuers can issue PPIs to such merchants. While balance in such PPIs cannot exceed ₹ 20,000/- at any point of time, the merchants can transfer funds from such PPIs to their own linked bank accounts upto ₹ 50,000/- per month

Revised Guidelines for application of section 9A -Fund manager

November 22, 2016 3223 Views 0 comment Print

Fund manager shall not be considered to be a connected person of the fund merely for the reason that the fund manager is undertaking fund management activity of the said fund.

Revised simplified procedure for fixation of brand rates

November 22, 2016 7393 Views 1 comment Print

The working sheet (submitted by applicant with brand rate fixation claim) showing the drawback amount, each document wise, in support of claim, shall bear –

Admissibility of expense by a firm on Keyman Insurance Policy of Partner

November 22, 2016 8020 Views 1 comment Print

The issue relating to admissibility of expenditure incurred by a firm on Keyman Insurance Policy premium in the case of a partner has been a contentious one.

Automatic information of accounts of Indian residents in Switzerland

November 22, 2016 1663 Views 0 comment Print

India be able to receive from Sept, 2019 onwards,the financial information of accounts of Indian residents in Switzerland on automatic basis

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