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Archive: 21 March 2017

Posts in 21 March 2017

ITBA Rectification Module for Income Tax Penalty orders

March 21, 2017 2649 Views 0 comment Print

The functionality to rectify penalty orders passed in the System (Process flow from initiation of rectification to passing rectification order) is now available to the Users through the Rectification module of Income Tax Business Application (ITBA).

ICAI constitutes Group to formulate Detailed MCA Action Plan

March 21, 2017 966 Views 0 comment Print

After the meeting, ICAI has been asked to give a report inter-alia covering the following aspects: Identification of the accountancy, finance and related services with the potential of exports and related geographical markets. Assessment of skill requirements and building capacity for accessing the markets.

Income Tax Business Application- GPF Module in HMS

March 21, 2017 930 Views 0 comment Print

General Provident Fund (GPF) is a scheme designed to benefit the employees. In CPT a small portion of the employee’s salary is deducted and deposited with the government GPF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income.

Time Barring Scrutiny cases pending to be uploaded on AST System

March 21, 2017 1104 Views 0 comment Print

Time limit for uploading of manually passed orders on the AST system was extended by 60 days i.e. upto 01.03.2017. Even now it is seen that a large number of cases where Notice u/s 143(2) has been issued but Scrutiny order is yet to be uploaded in the AST system.

Income Tax Business Application: Training Management Module

March 21, 2017 9996 Views 0 comment Print

Training Management Module is part of the ITBA HRMS Application. It is being designed to support the full range of training activities associated with employee and the administrators involved in the training process

Notification No. 05/2017-Income Tax, Dated: 21.03.2017

March 21, 2017 1821 Views 0 comment Print

Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee

Amendments in Chapter 4 of Foreign Trade Policy 2015-20

March 21, 2017 4257 Views 0 comment Print

No Duty Free Import Authorisation shall be issued for an input where SION prescribes ‘Actual User’ condition and/or Appendix-4J prescribes pre import condition for such an input.

Amendment in Policy on Imports and Exports to Korea

March 21, 2017 675 Views 0 comment Print

This notification seeks to update the Foreign Trade Policy, 2015-2020 to account for current UN Security Council Resolutions concerning Democratic People’s Republic of Korea (DPRK) up to Resolution 2321(2016) of 30th November 2016.

List of cases selected for verification for Monitoring of DEEC / Advance

March 21, 2017 1224 Views 0 comment Print

EEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of March, 2017, the DEEC Mon Cell Cell has received 213 EODC’s.

Vessels sharing agreements of liner shipping out of CCI Purview-Reg.

March 21, 2017 684 Views 0 comment Print

Central Govt exempts Vessels Sharing Agreements of Liner Shipping Industry from provisions of section 3 of Competition Act, 2012 for a period of three months WEF 21.03.2017

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