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Archive: 22 November 2016

Posts in 22 November 2016

Out of big loans 3.89 Lakh Crore is NPA as on 30.06.2016

November 22, 2016 1876 Views 0 comment Print

Out of loan to industrialists against whom a debt exceeding Rs.50 crore remains pending & Standing as NPA on 30.06.2016 is Rs. 3,88,919 Crores in 2071 Accounts.

IT Raid & Survey detects undisclosed income of Rs.58568 Crore

November 22, 2016 5869 Views 0 comment Print

IT Dept searches 1242 groups of assessees, seizing undisclosed assets worth Rs.2,029 Crore. Such assessees admitted undisclosed income of Rs.28,567 Crore.

Demonetised notes cannot be deposited in Small Saving Schemes

November 22, 2016 4504 Views 1 comment Print

Subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes.

Jurisdiction for online services from non-taxable territory

November 22, 2016 1945 Views 0 comment Print

Exclusive jurisdiction to LTU-Bangalore with respect to online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory and received by a ‘non-assesse online recipient’.

Master stroke on black money to make India Swachch Bharat

November 22, 2016 5134 Views 8 comments Print

The mid night scrapping of Rs 500 and Rs 1000 currency notes , as announced by Prime Minister Shri Narendra Modi in his address to the nation on November 8, is being seen as a master stroke against black money and corruption that has been eating into the Indian economy like a termite for several decades.

Currency Demonetisation- Boon for Real Estate and Housing

November 22, 2016 4207 Views 1 comment Print

The Modi government’s surgical strike against black money by way of demonetisation of high value currency notes, is set to shake up the real estate sector, marked by transactions involving unaccounted money.

PM invites views on demonetisation of old notes of Rs. 500 & 1000

November 22, 2016 2515 Views 9 comments Print

The Prime Minister, Shri Narendra Modi, has invited views from the people, on the recent decision taken by the Union Government regarding currency notes of Rs. 500 and Rs. 1000.

Demonetization – Modi’s Proud Socialist Moment

November 22, 2016 2293 Views 0 comment Print

November 8, 2016 will perhaps go down in history as the day India ushered in the most comprehensive finance sector reform that transformed the country as never before.

Top 17 #Demonetization Myths Busted

November 22, 2016 15028 Views 8 comments Print

Myth 1- In next round PM Modi will demonetise Rs. 100 and Rs. notes. Reality- There is no such intention and demonetisation will not be done for any other denomination of legal tender notes. Myth 2 – Select corporate houses and political party members were informed about the move in advance Reality– There was no […]

Demonetization: Queues Getting Shorter

November 22, 2016 1543 Views 1 comment Print

Prime Minister Narendra Modi’s bold move to demonetize high value currency notes to curb black money and corruption signals his resolve to take on high and mighty ignoring political minefield.

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