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Archive: December, 2016

Posts in December, 2016

No tax on jewellery acquired-out of disclosed sources or exempt income

December 1, 2016 11341 Views 1 comment Print

Government clarifies that apprehension sought to be created that jewellery with household which is acquired-out of disclosed sources or exempted income shall become taxable under proposed Taxation Laws (Second Amendment) Bill, 2016, is totally unfounded and baseless.

No Limit on gold jewellery & ornaments holding from explained sources

December 1, 2016 7882 Views 0 comment Print

Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance.

All you wanted to know about Travel Insurance

December 1, 2016 1036 Views 0 comment Print

Just imagine, you are surfing on the blue green waters of Mauritius, sipping the serene and spiritual beauty of Bhutan in your soul or just wandering on the green pastures of Switzerland! Then all of a sudden, you develop severe stomach- upset in Mauritius, lost your baggage in Bhutan or misplace your passport during night train travel in Switzerland/Germany.

Reliance Jio promotional offer to continue till March 31, 2017

December 1, 2016 1264 Views 0 comment Print

under the Jio Happy New Year Offer, Jio customers will get 30 times the average usage on other networks absolutely free till 31st March 2017. AND the overall service experience for all customers will be much better

Impact of Demonetization of Currency Notes on Toll Collection

December 1, 2016 1450 Views 0 comment Print

Post demonetization of currency notes of 500 and 1000, Government has suspended user fee collection on National Highways w.e.f. 09.11.2016 to 02.12.2016

Information from Social Media – RBI Advisory to banks

December 1, 2016 1450 Views 0 comment Print

Certain fake guidelines / instructions purported to be issued by RBI are circulated in social media by some unscrupulous elements to create confusion

SEBI Review of guidelines for Co-location / proximity hosting facility offered by stock exchanges

December 1, 2016 1705 Views 0 comment Print

SEBI, in consultation with Technical Advisory Committee of SEBI (TAC), has reviewed the applicable provisions of the SEBI circular dated May 13, 2015 regarding guidelines to be followed by stock exchanges while facilitating co-location / proximity hosting, particularly with respect to the following

Reduction in Coupon Rate on 54EC Bonds from 6% P.A. to 5.25% P.A.

December 1, 2016 1021 Views 0 comment Print

Application Money to be credited in NHAI’s Collection Accounts on or after 1st December 2016 will be 5.2 5% P.A. till maturity of bonds

Customs Rate of exchange of foreign currency WEF 02.12.2016

December 1, 2016 1087 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.138/2016-CUSTOMS (N.T.), dated 17th November, 2016, except as respects things done or omitted to be done before such supersession

Encouraging usage of Debit Cards among Government employees

December 1, 2016 922 Views 0 comment Print

In the recent years advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number of small denomination transactions to be handled smoothly in electronic mode. The Government of India has taken policy decisions encouraging cashless/electronic transactions.

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