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Archive: 22 March 2017

Posts in 22 March 2017

EPFO Empanelment of retired officers for departmental Inquiries

March 22, 2017 954 Views 0 comment Print

Employees’ Provident Fund Organization (EPFO) proposes to setup a panel of retired officers as Inquiry Officers for conducting departmental inquires

SEBI eases norms for issuing debt securities by municipalities

March 22, 2017 453 Views 0 comment Print

SEBI eases norms for issuing debt securities by municipalities

IRDA: Modification in premium rates due to revised Commission/Remuneration Structure and introduction of Reward System

March 22, 2017 897 Views 0 comment Print

IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations 2016 comes into force with effect from 1st April, 2017.

Reduction in EPF & EDLI administrative charges

March 22, 2017 4452 Views 1 comment Print

The expenditure incurred in administering the Employees’ Provident Fund is met from the administrative and inspection charges collected from the employers of un-exempted and exempted establishments respective

Associate/ JV (Equity accounted) to Subsidiary- “Step Acquisition” – Ind-As/ IFRS

March 22, 2017 24024 Views 6 comments Print

Once an entity obtains a significant influence (as per Ind-As-28) or Joint control (as per Ind-As-111 to fall under JV) then Equity accounting needs to be applied.

Aadhaar to be mandatory for income tax returns and PAN

March 22, 2017 40617 Views 37 comments Print

Union government has proposed making Aadhaar mandatory for filing income tax returns and for obtaining Permanent Account Number (PAN) through proposed  amendments to the finance bill 2017. The government on 21.03.2017 proposed making Aadhaar mandatory for filing of income-tax returns as well as for obtaining and retaining the PAN. According to the amendments, from 1 […]

Govt may reduce proposed cash transaction limit of 3 Lakh to 2 Lakh

March 22, 2017 13374 Views 1 comment Print

Revenue Secretary Dr Hasmukh Adhia tweeted on 21.03.2017 that In the official amendment to Finance Bill 2017 Govt has proposed that limit of 3 lakhs for cash transaction, beyond which it is illegal, be reduced to 2 lakhs. The penalty for violating this is a fine equivalent to the amount of transaction.

Watch movie on TDS awareness in 9 Languages

March 22, 2017 2391 Views 0 comment Print

TDS- JAGRUKTA a movie by DTRTI, Kolkata in English, Hindi, Bengali, Marathi, Gujarati, Punjabi, Telgu, Tamil & Kannad has been released by Shri Gopal Mukherjee, Member ( Rev & TPS), CBDT.

Maharashtra Budget 2017-2018 Highlights with Speech

March 22, 2017 4983 Views 1 comment Print

In this article we have compiled highlights of Maharashtra Budget 2017-18 alongwith Budget Speech including the changes on Tax Front in GST, Formation of additional benches of Maharashtra Sales Tax Tribunal, Maharashtra Value Added Tax Act, Profession Tax Act, Entry Tax Act, Sugarcane Purchase Tax, Value Added Tax, Lottery tax etc. Budget Highlights HIGHLIGHTS OF […]

Jurisdiction when return of income furnished in electronic & paper form

March 22, 2017 1464 Views 0 comment Print

All the cases where the return of income has been furnished in – (i) electronic form, and (ii) paper form. Commissioner of Income-tax, Centralised Processing Centre, Bengaluru

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