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Archive: 03 January 2017

Posts in 03 January 2017

Tea (Marketing) Control (Amendment) Order, 2017

January 3, 2017 3589 Views 0 comment Print

2A. No objection certificate.– A manufacture who intend to set up a tea factory shall obtain a ‘no objection certificate’ from the Registering authority:

SEBI grants recognition to India International Exchange (IFSC)

January 3, 2017 874 Views 0 comment Print

SEBI grants recognition to International Exchange (IFSC) Limited- stock exchange U/s. 4 of Securities Contracts (Regulation) Act, 1956 for a period of one year

Restriction on currency exchange for foreigners to continue till 31.01.2017

January 3, 2017 1219 Views 0 comment Print

Permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week to continue till 31.01.2017.

Supply 40% bank notes / cash to bank branches in rural areas

January 3, 2017 1402 Views 0 comment Print

With a view to ensure that at least 40% bank notes are supplied to rural areas and to mitigate the issue in a more enduring manner, banks maintaining currency chests are advised to take following steps

Demonetization – Pains and Gains

January 3, 2017 13522 Views 9 comments Print

It is now almost two months that a very bold decision was taken by dynamic Prime Minister Mr. Narendra Modi. After initial shock within few days the opinion was divided vertically.

Restaurants billing ‘service charges’ in addition to taxes is optional

January 3, 2017 4000 Views 1 comment Print

Hotels and restaurants are charging ‘service charge’ in range of 5-20%, in lieu of tips, which a consumer is forced to pay irrespective of kind of service provided to him.

GST- The Need of the Hour

January 3, 2017 10066 Views 1 comment Print

GST- the new tax regime is much talked about as a major tax reform. It is a comprehensive tax regime to be levied on manufacture, sale and consumption of goods and services throughout India

Loans received in earlier Years – Addition u/s 68 Cannot be Made in Present Year

January 3, 2017 7996 Views 0 comment Print

ITAT held that No addition can be made u/s 68 in respect of any loan received prior to start of previous year relevant to present assessment year.

Vacancy For CA having knowledge of SAP

January 3, 2017 3712 Views 0 comment Print

Job Details;- Keyword: CA, Industry: Accounting, Infrastructure, Manufacturing, Real Estate, Role: Manager, Condition: CA with 7-8 years of post-qualification experience, Qualifications: CA, Profile: Accounts Manager, Expiry Date: 31 Mar 2017

Demonetization May Lead to Lower Taxes

January 3, 2017 10075 Views 2 comments Print

There is a general sentiment everywhere that India may witness a lower tax regime hence forth. This is the hope of citizens and businessmen as also being realized (off late) by the Government and tax administration.

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