Recent developments have given a fillip to electronic transactions including card payments even at smaller merchant establishments. Keeping this in mind, for encouraging a wider segment of merchants to accept card payments, consultations were held with stakeholders for rationalising the MDR structure for debit card transactions.
The Government of Telangana vide Gazette Notification dated October 11, 2016 had notified the formation of twenty one new districts in the State of Telangana. It has been decided to assign the lead bank responsibility of the twenty one new districts as detailed below:-
Now, it is easier for the middle and relatively lower income group to avail and enjoy the legal services of the country. The Hon’ble Supreme Court of India has introduced the Middle Income Group Scheme.
his Court in Paras Buildtech India Pvt. Ltd. v. Commissioner of Income Tax (2016) 382 ITR 630 (Del) had noted that this method is a known and recognised method of accounting, and was approved as a proper one. The Court had also relied on CIT v. Bilahari Investment Pvt. Ltd. (2008) 299 ITR 1 (SC).
Central Board of Excise and Customs hereby determines rate of exchange of conversion of each of foreign currencies WEF 17th February, 2017.
Union Cabinet has approved the acquisition by State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.
Government’s policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes are expected to catapult this key ratio beyond 4 per cent mark by the end of this year, reveals the ASSOCHAM latest paper.
In general terms one can understand that a Commitment fees is being charged for some approved facility which can be drawn down in future at the same terms which has been agreed initially between lender and borrower.
Non-resident taxable person, input service distributor, person paying tax under composite levy scheme, deducting TDS/collecting TCS are not required to furnish the details regarding inward /outward supply of goods & services, credit availed, tax paid. Return is to be filed on or before 20th day of the succeeding month.
Employees Enrolment Campaign 2017 offers opportunity to employers to voluntarily declare details of all employees. EPFO settles 19,114 grievances in January, 2017
