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Archive: May, 2017

Posts in May, 2017

Employees’ Provident Funds (Sixth Amendment) Scheme, 2017

May 4, 2017 3789 Views 0 comment Print

The payment may be made to the person, to whom payment is to be made, through electronic or digital funds transfer system of any Scheduled commercial bank or any post office

Tax Exemption on ‘Pradhan Mantri Vaya Vandana Yojana’ Services

May 4, 2017 41712 Views 14 comments Print

Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to exempt life insurance services under ‘Pradhan Mantri Vaya Vandana Yojana’.

Customs Rate of foreign currency exchange WEF 5th May, 2017

May 4, 2017 4140 Views 2 comments Print

Customs Rate of exchange of conversion of the foreign currency with effect from 5th May, 2017 as notified by CBEC vide Notification No. 43/2017 – Customs (N.T.) dated the 4th May, 2017

President Assents Taxation Laws (Amendment) Act, 2017

May 4, 2017 20211 Views 0 comment Print

Taxation Laws (Amendment) Act, 2017 been assented by President to amend Customs Act, 1962, Customs Tariff Act, 1975, Central Excise Act, 1944, Central Sales Tax Act, 1956, Finance Act, 2001 and Finance Act, 2005 and to repeal certain enactments.

CBI arrests Mumbai CIT & 5 others in alleged bribery case & recovers Rs. 1.50 crore

May 4, 2017 22734 Views 5 comments Print

The Central Bureau of Investigation has arrested a Commissioner of Income Tax (Appeals-30), Mumbai (An IRS Officer of 1992 Batch) and five others including MD of a Group of Companies based at Mumbai; Accounts Officer of said private company; a Chartered Accountant; a Real Estate Trade Agent & his relative (private person) in an alleged bribery case.

Real Estate Act 2016: Governor to Exercise Powers for Union Territories

May 4, 2017 1227 Views 0 comment Print

President hereby directs that the powers and the functions of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), other than the powers under section 82 and section 84

President assents Banking Regulation (Amendment) Ordinance, 2017 on NPA

May 4, 2017 1833 Views 0 comment Print

Banking Regulation (Amendment) Ordinance, 2017 enables the Union Government to authorize RBI to direct banking companies to resolve specific stressed assets (NPA)

Lieutenant Governor to exercise Power under Real Estate Act 2016 in Delhi

May 4, 2017 792 Views 0 comment Print

Powers of the appropriate Government under Real Estate (Regulation and Development) Act, 2016 (16 of 2016) shall, subject be exercised, in relation to Delhi, by the Lieutenant Governor thereof.

RERA: A Gold for Real State Sector

May 4, 2017 8532 Views 3 comments Print

Real Estate sector is the most revenue generating sector in India. But there is no regulatory Authority to regulate it. Because of which the project gets delayed unnecessary and buyers have to face problems. It is the sector in which black money generation is very much high.

Preliminary Steps for Incorporation of Private Limited Company In India

May 4, 2017 6369 Views 2 comments Print

If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act, then it is mandatory to attach the trademark registration certificate or trademark application copy

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