"December, 2016" Archive - Page 30

Digital and Cashless Economy : A New Way of Life after demonetization

Pay Digital and Win Prizes! As India moves towards a digital and cashless economy, Govt announced Lucky Grahak and Digi-Dhan Vyapar Yojana...

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Posted Under: Finance |

Reports on Privilege to political parties are false & misleading

All reports on alleged Privilege to political parties are false & misleading. Political parties have not been granted any new exemption or privilege...

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Posted Under: Finance |

No new exemption to Political parties post demonetisation : FM

Political parties have not been granted any exemption post demonetisation and introduction of Taxation Laws (Second Amendment) Act, 2016 ...

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Posted Under: Finance |

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

S.O. 4086(E) (17/12/2016)

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

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New Concepts of Supply in Revised GST Law

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....

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Posted Under: Finance |

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

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?...

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Posted Under: Finance |

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

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 [&he...

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Posted Under: Finance |

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

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 […]...

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Posted Under: Finance |

Making of AIIMS: The Parliament Debate

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....

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Posted Under: Finance |

Pulses – the Nutrient-rich Grains for a Sustainable Future

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

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Posted Under: Finance |

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