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Archive: July, 2017

Posts in July, 2017

Complete NRI Guide to Property in India

July 15, 2017 3960 Views 0 comment Print

This article attempts to dispel the doubts in the minds of such prospective NRI investors by addressing key issues pertaining to property dealings in India.

4 Bad Behavioral Biases Investors need to Avoid

July 15, 2017 2877 Views 1 comment Print

When the heart speaks, the mind finds it indecent to object feels author Milan Kundera. Yet, people like Warren Buffet, have followed their mind and won handsomely in the stock market. This is perhaps explained by William Blake’s statement A fool does not see the same tree that a wise man sees.

RBI rules on customer’s liability on unauthorized electronic banking transactions (Frauds)

July 15, 2017 14163 Views 3 comments Print

On 6th July , 2017, RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions (put simply, frauds). The guidelines given in the circular is applicable for all Commercial banks, Small banks and payment banks in India.

PIL challenges 12% GST on Sanitary Napkins: [Read Petition]

July 15, 2017 4110 Views 0 comment Print

Petitioner is filing this Public Interest Litigation before this Hon’ble Court seeking recourse against the patently discriminatory and illegal treatment being meted out to the women of India by the unconstitutional and illegal imposition of a Goods and Services Tax at a high rate of 12% on sanitary napkins.

1.32 Lakh Student appeared in May 2017 CA Final Exam and 93K in CPT June 2017

July 15, 2017 3813 Views 0 comment Print

Placed below is the data of the students that were admitted in Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017. Final Examination- No. of Students admitted in the Final Exams – 1,32,007. No. of Final Exam Centres across the globe – 372

ICAI postpones Eligibility Test Paper Scheme for CA Final Exam

July 15, 2017 2241 Views 0 comment Print

The students of Final Course may please note that the Eligibility Test Paper Scheme which was to be implemented for the Final Course students from November 2017 attempt, stands postponed to a later date. In other words

5.56 lakh new persons in 2nd phase of Operation Clean Money identified

July 15, 2017 2289 Views 0 comment Print

Income Tax Department has used information received under Statement of Financial Transactions to identify 5.56 lakh new persons in second phase of Operation Clean Money.

Scheme of FM Award on the occasion of Income Tax Day

July 15, 2017 2415 Views 0 comment Print

The Government hereby sanctions the following scheme of awards to be conferred upon the Officers and Staff of the Income Tax Department in consideration of their rendering exceptional or meritorious service, or displaying outstanding devotion to duty.

GST: Input Tax Credit- When allowed & when not allowed- simplified

July 15, 2017 39513 Views 5 comments Print

If the goods and/or services are taken to deliver the same category of services or as a part of a composite supply, credit will be available.

GST a simple study in Hindi for general information

July 15, 2017 40930 Views 8 comments Print

वस्तु एवं सेवा कर या जी एस टी एक व्यापक, बहु-स्तरीय, डेस्टिनेशन (गंतव्य) आधारित कर है जो वस्तु व् सेवा कर बढ़ते हुए मूल्य पर लगेगा. यह कर प्रणाली वैल्यू एडेड टैक्स (VAT) की तरह ही है, जहाँ प्रत्येक सप्लाई पर सप्लाई के मूल्य में जो भी इजाफा होगा उस पर कर देय होगा. नई GST प्रणाली में यों तो अनेक कर (टैक्स) समाहित किये गए है,

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