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Archive: July, 2017

Posts in July, 2017

Amendment in Jurisdiction under Black Money Law

July 25, 2017 1455 Views 0 comment Print

Central Board of Direct Taxes hereby makes the following amendment in the notification of Central Board of Direct Taxes, number S.O. 1590(E), dated the 16th May, 2017

Amendment in Authority under Prohibition of Benami Property Law

July 25, 2017 843 Views 0 comment Print

S.O. 2320 (E).—In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) the Central Government hereby makes the following amendment in the notification of the Government of Indi

7 Secrets of Investing the Warren Buffett way

July 25, 2017 3345 Views 0 comment Print

Human beings always have a natural tendency to follow the crowd, but when it comes to share market investing, following the crowd can more often result in ending up with losses. Why do you copy the mediocrity of the masses when you can replicate the success of the World’s Greatest Investor?

MCA constitutes 2 two Committee to review 10 year old and above cases

July 25, 2017 801 Views 0 comment Print

Constitution of two Review Committee (s) for reviewing the 10 year old and above cases of different regions and in office of SFIO for withdrawal of prosecution. The Committees would review and recommend the details of cases in which prosecutions are required to be withdrawn including the reports submitted by the Regional Director (s)

Sharing of information in respect of public servants

July 25, 2017 1338 Views 0 comment Print

During the course of investigation/enquiries /search & seizure operations etc. conducted by the Investigation Wing of the Department, a lot of information is gathered. Further, after demonetization , substantial data regarding cash deposits in bank accounts is available, which is being analyzed by your teams.

Extending SWIFT in Exports with WCCB to all EDI locations- reg.

July 25, 2017 840 Views 0 comment Print

It has now been decided to extend online referral of WCCB to all Customs EDI locations with effect from 31st July, 2017. The mapping of Customs EDI locations to WCCB offices shall remain the same as it was for imports.

Income Tax Department celebrates Aaykar Diwas 2017

July 25, 2017 702 Views 0 comment Print

The Aaykar Diwas – Income Tax Day was celebrated today across India. The main function at Vigyan Bhavan, New Delhi was graced by the Honourable Finance Minister of India, Shri Arun Jaitley. Shri Santosh Kumar Gangwar, the Minister of State for Finance (Revenue), senior officials of Revenue Department including the Revenue Secretary, Chairman and Members of the Central Board of Direct Taxes and senior officers of the Income Tax Department (ITD) attended the event.

SEBI notifies Position Limits for Agricultural Commodity Derivatives

July 25, 2017 816 Views 0 comment Print

SEBI vide its circular No. CDMRD/DMP/CIR/P/2016/96 dated September 27, 2016 had updated and consolidated norms with regard to position limits of commodity derivatives including commodity-wise numerical value of overall client level open position limits.

IRDAI Master Circular: Unclaimed Amounts of Policyholders

July 25, 2017 6978 Views 0 comment Print

All insurers having unclaimed amounts of policyholders for a period of more than 10 years as on 30th September, 2017 need to transfer the same to the Senior Citizens’ Welfare Fund (SCWF) on or before 1st March, 2018.

GST applicability on Construction Service

July 25, 2017 14631 Views 3 comments Print

In GST works contract has been shrinked to Only on immovable properties and covered as supply of services. Now for construction services rates are important to understand.

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