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Archive: 09 January 2017

Posts in 09 January 2017

Old MVAT returns ki “Patang” ko late fees ki “Dheel”

January 9, 2017 4495 Views 0 comment Print

Even government is trying to fly the kite of GST. But before that the Maharashtra Sales tax department has brought circular for flying kite of old not submitted VAT returns. What ease (Dhil) is given in filing these old returns?

SANKALP: “A New Year Resolution!”

January 9, 2017 3115 Views 3 comments Print

CA Priti Kachhal Let’s all welcome this Calendar Year 2017, Bringing many changes with different numerous schemes. A vast change is there in the shape of GST, Towards simplification of tax & fiscal consolidation exist.   A big step also there towards cashless economy, Another major contribution changing human psychology. New calendar year has begun […]

All you need to know about Pradhan Mantri Garib Kalyan Yojana, 2016

January 9, 2017 11761 Views 1 comment Print

It’s time to be back to one-day matches after scruffing it out for almost 50 days during the demonetisation cycle. The Govt. has opened up its window for disclosures of income with a 49.9% tax rate under the Pradhan Mantri Garib Kalyan Yojana

Bank to obtain and link PAN or Form No. 60

January 9, 2017 5245 Views 0 comment Print

Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.

Major Achievements of CBDT in Current Financial Year 2016-17

January 9, 2017 3958 Views 0 comment Print

Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessment Year 2018-19;

Demonetisation – A look back at the last two months

January 9, 2017 9700 Views 4 comments Print

In this Article Hon’ble Finance minister Shri. Arun Jaitley analysed the rationale behind the Demonetisation decision and its impact.

Report of Implementation Group on Ind AS in Insurance Sector in India

January 9, 2017 1804 Views 0 comment Print

The need for uniform reporting of financial statements of business entities is an off shoot of globalization. India, being an important player, in the evolving world economy, needs to respond to international trends. With several businesses operating across borders and reaching international capital markets, there is a need for establishing globally recognised standards and uniformity in reporting and analysis of information.

How to Generate Jeevan Pramaan / Digital Life Certificate

January 9, 2017 12064 Views 3 comments Print

Launched by Hon. PM Shri. Narendra Modi ji, on 10th Nov 2014, Digital Life Certificate for Pensioners Scheme of the Government of India, known as the Jeevan Pramaan

National Policy on Narcotic Drugs and Psychotropic Substances

January 9, 2017 3952 Views 0 comment Print

Narcotic Drugs and Psychotropic Substances have several medical and scientific uses. However, they can be and are also abused and trafficked. Indias approach towards Narcotic Drugs and Psychotropic Substances is enshrined in Article 47 of the Constitution of India

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