The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 introduced under the said Act to commence from tomorrow i.e.17th December, 2016 and to remain open for declarations up to 31st March, 2017.
Banks and Prepaid Payment Instrument issuers shall not levy any charges on customers for transactions upto Rs. 1000 settled on IMPS, USSD and UPI systems.
Finally the time came, we all are waiting for.. Yes, GST registration (migration) portal is open from 16 Dec 2016. As we observed that the process is a bit complicated and lengthy if compared with local Sales Tax or VAT registration; Don’t worry, we are here to make it simple for you.
If service complaints related to Name Reservation or Company Incorporation are not resolved within 2 working days after a service ticket is raised, Stakeholders may escalate the matter by sending an email to CRC.Escalation@mca.gov.in only in the event of tickets not being resolved within 2 working days.
A new sub-section 13 has been added in section 48 which states that refund of advance tax deposited by casual or non-resident taxable person shall not be allowed unless they have furnished all returns during their period of registration.
As on November 30, 2016, RBI has given approval to 195 banks for providing Mobile Banking Services to their customers. Further to facilitate mobile banking the process of registration has been made convenient by enabling such feature on ATMs.
Indians working in the merchant navy (commonly known as Sailors) form a large part of the expatriate community of India. These sailors work aboard ships owned by foreign companies, which sail in international waters and earn their salaries for the services rendered on such ships.
Banks were advised to cap MDR for debit card transactions at not exceeding 0.25% of transaction amount for value upto ₹ 1000 and not exceeding 0.50% of transaction amount for value above above ₹ 1000/- and upto ₹ 2000/-
SEBI has been issuing various circulars/directions from time to time. In order to enable the users to have an access to all the applicable circulars/communications at one place, Master Circular in respect of Stock Exchange & Clearing Corporation has been prepared.
The restriction imposed on foreign citizens by which they were permitted to exchange foreign exchange for Indian currency notes only up to a limit of ₹ 5000/- per week till December 15, 2016, is been extended till 31st December 2016.
