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To counter demonetisation of 500 and 1000 notes by Govt., many black money holders has devised to deposit the demonetised notes in the bank accounts held by others like relatives, servants, workers, poor people etc.
PMJDY is serving noble cause of financial inclusion of all those deprived class who were ignored by our system, banks, and contemporary governments since very auspicious independence from centuries of foreign power.
In this article, attempts have been made to explain about Import of Pneumatic Tyres for Automotive Vehicles (including used Tyres, Retreaded Tyres and Waste Tyres).
The officers of Customs & Central Excise are supposed to know the provisions of so many Acts/Rules for performing their duties effectively and efficiently. The search, seizure and arrest are the most important functions, amongst others, performed by the officers.
1. Introduction 1.1 The CBEC by issuing Circulars / Instructions has prescribed monetary limits, normally in terms of amount of duty involved, for different adjudicating authorities for the purpose of issuance and Adjudication of Show Cause Notices. For the purpose of convenience of departmental officers, the instructions/Circulars on the subject matter have been summarized in […]
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India
Corporate and MNC always look for profile where individual as Company Secretary should possess depth knowledge of Companies Act, FEMA, Sebi, Listing compliance, etc. Even Section 203 of the Companies Act 2013 defines the requirement of appointing of Compliance Officer to certain specified classes of the Company.
Nowadays, many articles are published on various websites, YouTube videos are being uploaded and news channels are showing footages regarding fake coins of Rs. 10. I have studied this aspect in detail and by this article, I want to bring to your kind attention the true story of fake Rs. 10 coin.
1. Applicable for undisclosed income in the form of Cash or deposits already made or to be made in bank accounts. 2. Income Tax @ 30% of Cash + Surcharge @ 33% of Tax + Penalty @ 10% of Cash i.e. aggregating to 49.90% of undisclosed income (cash) (Section 199D & 199E)
As a step forward to curb black money, bank notes of existing series of denomination of value of five hundred rupees and one thousand rupees issued by the Reserve Bank of India have been ceased to be legal tender with effect from the 9th November, 2016.
