The callers offer unrealistic benefits in the existing life insurance policies including in lapsed policies of policyholders such as unclaimed bonus, agency commission, refund of investment amount / growth amount etc which they can claim, subject to upfront payment of fee / advance tax / deposit or payment to the account of the caller.
Menace of fake-invoicing is a challenge that we face in the GST regime. All this requires that we identify risky players, both in the international and domestic trade, and subject their transactions to closer scrutiny while allowing licit transactions to be processed expeditiously.
Tariff Notification No. 62/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver – reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 62/2020-Customs (N.T.) New Delhi, the 27th July, 2020 S.O. 2448(E).—In exercise of the powers […]
Amendment to Notification No. 66/2016-Customs (N.T) dated 14th May, 2020 related to Good to be deposited in special warehouse licenced under section 58A(1) of Customs Act, 1962. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 27th July, 2020 No. 61/2020-Customs (N.T) G.S.R. 467(E ).—In exercise of […]
Bonded Manufacturing Scheme In the current situation of COVID 19 pandemic which have a major impact on all aspects of daily life and undeniably also on businesses. Business leaders now face immediate challenges, including managing their cash flow. Any relief from the government during this pandemic which results in providing a better cash flow management […]
In the Employees’ State Insurance (Central) Rules, 1950, in rule 56-A, for the words rupees five thousand, the words rupees seven thousand five hundred shall be substituted
The present article briefly covers the important provisions relating to TDS section 194C of the Income Tax Act, 1961. Payer:- All Assesses, except Individuals & HUF who are not subjected to Audit u/s. 44AB(a)&(b) during preceding Financial Year. Payee:- Resident Time of Deduction:- Credit or Payment, Whichever is earlier. Rate:- -Individual/HUF- 1% -Others-2% Threshold Limit:- 30,000 for […]
Introduction- LRS was brought in as a relief to all Indian Residents to remit money outside India. Intially brought in partial capital account convertibility by allowing specified capital account transactions up to the LRS limit. It is available to all Resident Individuals including minors. Up to USD 250,000 per financial year can be remitted every […]
ISO 9001 is an international recognized standard certification that defines the quality management system (QMS) and the quality of services of the company. This certificate is used by business to demonstrate the ability systematically provide products and services that meet the regulatory requirements and customer satisfaction. Getting ISO 9001 Certification means that the company should […]
a) Air Transport Services shall include Domestic Scheduled Passenger Airlines, Non-Scheduled Air Transport Services, helicopter and seaplane services. (b) Foreign airlines are allowed to participate in the equity of companies operating Cargo airlines, helicopter and seaplane services, as per the limits and entry routes mentioned above.
