"December, 2016" Archive - Page 5

Interest rate of PPF, SCSC, Sukanya Samridhi, NSC wef 01.01.2017

F.No. 1/04/2016-NS.II (30/12/2016)

interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,...

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Penalty only on Disproved claim of expenditure & not unproved

Arun Duggal Vs. DCIT (ITAT Delhi)

Hon'ble Delhi ITAT held that Penalty can be imposed only on disproved claim of expenditure and not unproved claim of expenditure....

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White Label ATM Operators- Sourcing of cash from retail outlets

RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 (30/12/2016)

In order to facilitate cash availability for WLAOs, it has been decided to allow them to source cash from retail outlets subject to following conditions:...

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Quantity for export of preferential quota sugar to USA

Public Notice No. 52/2015-2020-DGFT (30/12/2016)

The quantity of raw sugar i.e. 8424 MTs (Eight thousand four hundred and twenty four metric tons) to be exported to USA under TRQ upto 30.09.2017 has been notified....

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Registered Exporters System as of 01.01.2017 for EU Generalised System notified

Public Notice No. 51/2015-2020-DGFT (30/12/2016)

Certification of Origin of Goods for European Union Generalised System of Preferences (EU-GSP) - Modification of the system as of 1 January 2017....

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FTP: Enlistment of National Marine Consultants Inc, USA as PSIA

Public Notice No. 50/2015-2020-DGFT (30/12/2016)

Enlistment of one National Marine Consultants Inc., USA as PSIA in terms of para 2.55 (d) of HBP 2015-20 in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20 with immediate effect...

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MEIS benefit given on ‘Onions Fresh or Chilled’ up to 31.03.2017

Public Notice No. 49/2015-2020-DGFT (30/12/2016)

MEIS benefit for export of ‘Onions Fresh or Chilled’ under ITC (HS) code 07031010 is extended up to 31 March, 2017 vide Public Notice 49/2015-2020...

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Indian Railways Measures to Promote Digital Payments

In pursuance of this announcement made by Government of India for promotion of Digital & Cashless Economy, Ministry of Railways has initiated some additional following package of incentives and measures. ...

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Posted Under: Income Tax |

Special measures to incentivise Electronic Payments – Extension of time

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 (30/12/2016)

Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country (refer Press release dated September 2, 2016), it has been decided to extend the measures notified in the above mentioned circular till the completion of review of the PPI guidelines...

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Macro-economic indicators continue to be robust in current Year

Despite the continuing global sluggishness and recent pick-up in petroleum prices, the macro-economic indicators continue to be robust in the current Year...

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Posted Under: Income Tax |

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