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Archive: December, 2016

Posts in December, 2016

Free Credit Information or CIBIL Report to individual assessee

December 10, 2016 10120 Views 2 comments Print

WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report

Lending a name to the Transaction: ‘Benami’

December 10, 2016 6028 Views 2 comments Print

The provisions of the Benami Law need to be understood in simple terms and figuring out its consequences. We will try and break the Benami Law into different important provisions and the basic rationale behind it.

Mutual Agreement Procedures (MAPs) of tax treaties

December 10, 2016 2017 Views 0 comment Print

Govt propose to disclose No. of disputes negotiated under Mutual Agreement Procedures of tax treaties along with time being taken to resolve such disputes

Promotion of IRS Officers to Post of Joint CsIT- Order No. 198 of 2016

December 9, 2016 3430 Views 0 comment Print

The President Is pleased to extend the ad-hoc appointment of the following IRS officers to the grade of Joint Commissioner of Income Tax upto 31.12.2016:-

Committee on Digital Payments submit its report to Finance Minister

December 9, 2016 1165 Views 0 comment Print

Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog submits its Final Report to Union Finance Minister

Key Changes of IRDAI (Health Insurance) Regulations, 2016

December 9, 2016 5330 Views 0 comment Print

Under Health plus Life Combi Product, Combination of any Life Insurance cover offered by a life insurer and a Health Insurance cover offered by General Insurer or Health Insurer is allowed.

MCA notifies 6th tranche of 22 Sections under Bankruptcy Code

December 9, 2016 1651 Views 0 comment Print

Central Govt appoints 15.12.2016 as the date on which provisions of section 33 to section 54 of Insolvency and Bankruptcy Code, 2016 shall come into force.

Prepaid Payment Instrument issuers to get Technical Audit done: RBI

December 9, 2016 1492 Views 0 comment Print

All authorised entities/banks issuing PPIs in the country are advised to: i. carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis and take immediate steps thereafter to comply with the findings of the audit report

Growth in Direct / Indirect Tax Collections up to November, 2016

December 9, 2016 3112 Views 0 comment Print

Direct Tax Collections up to November, 2016 show net collections at Rs. 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year;

Revised Procedure to tender & settle shares through Stock Exchange

December 9, 2016 1417 Views 0 comment Print

Under revised procedure transfer of shares of shareholders under tender offers would be made directly to account maintained by clearing corporation.

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