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Archive: 07 February 2017

Posts in 07 February 2017

The ‘Other Indias’: Two Analytical Narratives (Redistributive and Natural Resources) on States’ Development

February 7, 2017 774 Views 0 comment Print

This chapter examines whether the pathologies associated with foreign aid and natural resources internationally also afflict the Indian states. It calculates redistributive resource transfers (RRT) from the Centre and revenue from natural resources for Indian states.

Lok Sabha passes bill for cessation of RBI’s /CGs liabilities on Specified bank notes

February 7, 2017 843 Views 0 comment Print

Following persons holding specified bank notes on or before the 8th day of November, 2016 shall be entitled to tender within grace period with such declarations or statements, at such offices of the Reserve Bank or in such other manner as may be specified by it, namely:—

Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme

February 7, 2017 858 Views 0 comment Print

Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No. S.O.4061 (E). dated December 16, 2016 and amendment vide Notification No. S.O. 204(E) dated January 19, 2017.

No Bogus capital gains if assessee furnishes documentary proof & proves identity of purchasers

February 7, 2017 2217 Views 0 comment Print

Appellant has adduced documentary evidences in support of transaction in question. Identity of purchasers of shares was established as it was borne on record of Income Tax Department.

Modification to Guidelines on Point of Sales Person– Life Insurance

February 7, 2017 1815 Views 0 comment Print

Based on the feedback of the Insurers and taking into account the practical ease for Insurer / intermediaries, the competent Authority has decided to dispense with the condition of training from and passing of the NIELIT examination and has amended the requisite procedure / qualification for being a POS Person as follows

Anti-dumping duty on Cold Rolled Flat Products of alloy or non-alloy steel

February 7, 2017 639 Views 0 comment Print

Seeks to extend the levy of anti-dumping duty, imposed on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP and Ukraine

Anti-dumping duty on Hot Rolled products of alloy or non-alloy steel

February 7, 2017 765 Views 0 comment Print

Seeks to extend levy of anti-dumping duty, imposed on Hot Rolled products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil and Indonesia.

SC explains Meaning of compulsory acquisition under Land Acquisition Act, 1894

February 7, 2017 6114 Views 0 comment Print

Merely because the compensation amount is agreed upon would not change the character of acquisition from that of compulsory acquisition to the voluntary sale. It may be mentioned that this is now the procedure which is laid down even under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013

Budget 2017: Filing of return for AY 2018-19 and consequences of late filing u/s 234F

February 7, 2017 20028 Views 5 comments Print

Vide Budget 2017consequences of late filing of return has been changed drastically. It basically forces the assessee to file the return of income in time. It allows late filing of return albiet with a fees. Even the time of filing of revised return has been reduced by 1 year.

How Will Home Loan EMIs Change After Demonetization

February 7, 2017 7194 Views 1 comment Print

We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the best Home Loan plans available to you, and considered a few. You might even have applied for a mortgage and thoroughly looked through the Home Loan interest rates, before finalizing on one.

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