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Archive: 23 November 2016

Posts in 23 November 2016

What should you do with non-performing investments?

November 23, 2016 2272 Views 0 comment Print

I am following all key models suggested by the advisors, specialists while investing. Still I haven’t seen the growth in my portfolio as it should be. There are some investments which are not performing. What to do with them?

Cash Deposit more than 2,50,000, department is sending notices

November 23, 2016 12184 Views 10 comments Print

As per the income tax act the assessing officer has the power to call for information under section 133(6). So essentially the notices for calling of information will be sent to all the assesse who have deposited in excess of 2,50,000, by exercising power under this section only.

New TDS/TCS RPU and FVU versions WEF 26.11.2016

November 23, 2016 4591 Views 0 comment Print

New versions of e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) will be made available at TIN website applicable from November 26, 2016 at the following URL

Cash deposit allowed in Post Office Savings Accounts

November 23, 2016 3460 Views 1 comment Print

Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in small Savings scheme. I am directed to clarify that the deposits into Post Office Savings Accounts are excluded from the bar imposed therein.

CBEC reduces Printouts for routine work & Customs Clearance

November 23, 2016 2416 Views 0 comment Print

One of the ways to make cargo clearance easier is to reduce the use of paper and to introduce electronic messaging and paperless processing.

Currency Crises Management – Some Ideas

November 23, 2016 12196 Views 14 comments Print

#Demonetization of high value currency (Rs. 500 and Rs. 1000 notes) w.e.f. midnight of 8-9 November, 2016 is now a fortnight old decision, aftereffect of which is still worrisome and concerning.

As per Indian culture, competent members who work in business of family, are paid as others are paid

November 23, 2016 1402 Views 0 comment Print

It is natural in Indian culture that if the members of the family are competent to work in the business of the family, naturally they will be required to pay the minimum / the same compensation/benefit/incentive as other employees are paid.

Safeguard duty on Hot Rolled flat sheets and plates

November 23, 2016 1246 Views 0 comment Print

Seeks to levy safeguard duty on Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600mm

Suspension of Parking Charges at Airports extended till 28.11.16

November 23, 2016 1213 Views 0 comment Print

Ministry of Civil Aviation has decided to extend the suspension of collection of parking charges at all airports till midnight of 28 November 2016. This has been done in order to facilitate the smooth movement of passengers.

No further extension for filing of Annual Returns with MCA

November 23, 2016 2440 Views 0 comment Print

There will be no extension of last date beyond 29th Nov 2016 for filing financial statements and Annual Returns using eforms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7

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