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Archive: 17 December 2016

Posts in 17 December 2016

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 5877 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4713 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Govt Restricts deposit of old Rs. 500 and 1000 notes in Bank Account

December 17, 2016 1800 Views 19 comments Print

Old notes can be deposited in an account only once now: No direct credit of amount in excess of Rs. 5000 deposited in account:

New Concepts of Supply in Revised GST Law

December 17, 2016 4285 Views 0 comment Print

Section 2(27) defines this term as “composite supply” means a supply made by a taxable person to a recipient comprising two or more supplies of goods or services, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply.

Service tax burden can be passed on by contractual agreement but revenue cannot be asked to wait for recovery of tax dues

December 17, 2016 3196 Views 0 comment Print

Whether burden of Service tax can be transferred to other party through contractual agreement? Further, whether Revenue can be asked to recover tax dues from the third party or wait till amount has been recovered from contractors?

Focus now on printing more Rs. 500 notes- Secretary DEA

December 17, 2016 1054 Views 0 comment Print

Secretary Economic Affairs, Government of India briefing the media about Demonetisation related issues and the US Fed rate hike, in North Block on 16.12.2016 has said the following- Printing of new Rs 500 notes has been stepped up: Shaktikanta Das US Fed Rate Hike factored in, markets will remain stable. it’s the first time new […]

CBDT enables e-Filing of Form 1 (PMGKY, 2016)

December 17, 2016 4729 Views 1 comment Print

Form 1 (PMGKY, 2016) is available for e-Filing. As per the Pradhan Mantri Garib Kalyan Yojana, 2016, a declaration of income in the form of cash or deposit in an account maintained with a specified entity and The amount deposited in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 shall be made in Form-1. Form 2 […]

Making of AIIMS: The Parliament Debate

December 17, 2016 958 Views 0 comment Print

AIIMS Act 1956 provided for establishment of All India Institute of Medical Sciences- Enacted by Parliament as Act no 25 of 1956& has mere 29 Sections.

Pulses – the Nutrient-rich Grains for a Sustainable Future

December 17, 2016 1237 Views 0 comment Print

Pulses and legumes are nutrient-rich grains central to agricultural systems and culinary use throughout the world.

Salient features of Rights of Persons with Disabilities Bill, 2016 Passed by Parliament

December 17, 2016 29146 Views 0 comment Print

Lok Sabha today passed Rights of Persons with Disabilities Bill – 2016. Bill will replace existing PwD Act, 1995, which was enacted 21 years back.

RBI regulations on treatment of certain balance sheet items

December 17, 2016 1744 Views 0 comment Print

Treatment of revaluation reserves:- Revaluation reserves arising out of change in the carrying amount of a bank’s property consequent upon its revaluation

Measures by RBI absorb excess liquidity in banks post demonetisation

December 17, 2016 1294 Views 0 comment Print

Post demonetisation RBI introduced incremental CRR of 100% on deposits collected between September 16 and November 11 2016 to absorb excess liquidity in banks

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