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Archive: January, 2017

Posts in January, 2017

Jeevan Pramaan. Digital Life Certificate for Pensioners & FAQs

January 7, 2017 13675 Views 6 comments Print

Jeevan Pramaan is a biometric enabled digital service for pensioners. Pensioners of Central Government, State Government or any other Government organization can take benefit of this facility.

Lok Sabha/ Rajya Sabha to meet on 31.01.2016; Budget on 01.02.2017?

January 7, 2017 2299 Views 0 comment Print

Hon’ble President Shri. Pranab Mukerjee has called Meet of Lok Sabha and Rajya Sabha on 31.01.2017 to Facilitate Presentation of Union Budget 2017 on 01.02.2017 but seeing the protest of opposition political parties, the question is will government present the Budget on 01.02.2017 or it will present after the elections in 5 States.

Loan / advances received by HUF could be treated as deemed dividend

January 7, 2017 11404 Views 0 comment Print

As HUF cannot be a registered shareholder in a company and hence could not have been both registered and beneficial shareholder, loan/advances received by HUF could be deemed as dividend within the meaning of Section 2(22)(e) of Income Tax Act,

Income Tax Department Restructured Menu of e-Filing portal

January 7, 2017 9064 Views 2 comments Print

Post login menus of Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/ has been restructured. The Functionalities under menus available post login to e-Filing portal are restructured for making better user experience.

Media not to publish names of legal practitioners, judges and victims: HC

January 7, 2017 1639 Views 0 comment Print

HC directed Registrar (Administration) of bench to immediately circulate instructions to all Print, Electronic and Media Houses not to publish the names of practitioners and individual judges as a part of news item unless it is so essentially required.

Migration of existing Excise / Service Tax Assessees to GST

January 6, 2017 28522 Views 0 comment Print

Every Central Excise / Service Tax assessec having a valid PAN shall be granted registration under GST regime on a provisional basis. For such assessees, GSTN shall generate provisional IDs and communicate the same to the assessees through CBEC for migration to the GST regime.

DRI busts Hawala racket, seizes foreign currencies of Rs. One Crore

January 6, 2017 1507 Views 0 comment Print

Delhi Zonal Unit of Directorate of Revenue Intelligence (DRI) busts Hawala racket, seizes foreign currencies worth Rs. One Crore at IGI Airport.

Balance Sheet of the Demonetization

January 6, 2017 20065 Views 20 comments Print

Now as the deadline of 50 days is over, through this new write up, an effort has been made to highlight the gains and losses(both monetary and non monetary) on the so called surgical strike of Government on black money, as well as reasons of not getting desired results & some suggestions to take some effective steps if Govt is indeed serious to curb this menace of black money from our economy .

Merger and Amalgamation Under Companies Act, 2013

January 6, 2017 410647 Views 12 comments Print

Companies Act, 2013 has seen the light of day and replaced the 1956 Act with some sweeping changes including those in relation to mergers and acquisitions (M&A).

Returns under Revised Model Draft GST Law

January 6, 2017 5539 Views 0 comment Print

The contents of this article are solely for information and knowledge and does not constitute any professional advice or recommendation. Author does not accept any liability for any loss or damage of any kind arising out of this information set out in the article and any action taken based thereon.

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