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What you may not know about Timing the Market?

July 29, 2016 23591 Views 0 comment Print

Timing is everything. Is it true in every case? In the financial world, you hear a lot of solicited and unsolicited advice about the right time and timing, with respect to investments. Which is the right strategy with regard to investment? Is it ‘doing it at the right time’ or ‘the best timing to do it’?

Full 7th pay commission Arrears to be paid with August salary

July 29, 2016 19862 Views 1 comment Print

The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from 01.01.2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable

Extension of last date of filing AOC-4, AOC-4 XBRL, AOC-4 CFS & MGT-7

July 29, 2016 23820 Views 0 comment Print

The Ministry have revised form AOC-4 which would be deployed shortly, Further, Form AOC.-4 (XBRL) and Form AOC-4 (CFS) are also under revision and this may be available for deployment by end of August, 2016.

Procedure for exports through e-commerce platform under MEIS Scheme

July 29, 2016 20459 Views 0 comment Print

Para 3.05 of the Foreign Trade Policy (FTP) 2015-20 provides for export of goods through select foreign post offices as a part of e-Commerce exports. Exports of goods through foreign post office using e-commerce shall be permitted through the Foreign Post Offices at Delhi, Mumbai & Chennai

Download Benami Transactions Prohibition Bill 2016

July 29, 2016 19472 Views 0 comment Print

Lok Sabha passed a comprehensive Benami Transactions Prohibition Amendment Bill 2016, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation.

No one will be denied of benefits for want of Aadhaar

July 29, 2016 20449 Views 0 comment Print

It has had brought to notice that Aadhaar card is being made mandatory for availing government benefits like subsidized LPG, PDS supplies and pensions. Government had taken note of the concerns raised, stated that no one will be denied of benefits for want of Aadhaar and that necessary instructions will be issued, if required.

Public Servants Annual Assets Liabilities Return Filing Due Date Extended to 31.12.2016

July 29, 2016 20973 Views 0 comment Print

G.S.R.747(E).-In exercise of the powers conferred by sub-section (1) read with clause (k) and clause (m) of sub-section (2) of section 59 read with section 44 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014), the Central Government hereby makes the following rules further to amend the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014

Generate EVC through AXIS, SBI & Canara bank ATMs

July 29, 2016 31472 Views 1 comment Print

Electronic Verification Code (EVC) can be generated through State Bank of India, AXIS bank and Canara bank ATMs. This will facilitate these bank’s customers, who may not have a Net-Banking account, to e-verify their return. Other banks are expected to launch this facility.

Notification No. 44/2016-Customs Dated 29.07.2016

July 29, 2016 31700 Views 0 comment Print

The unit shall be required to have a premises for secure storage of goods procured duty free under this notification and the final products manufactured or produced therefrom and the details of the premises shall be declared to the said officer.

Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc

July 29, 2016 23095 Views 2 comments Print

Notification 52/2003-Customs dated 31.03.2003, as amended from time to time, exempts specified goods when imported for use in the units, from payment of Customs duties, subject to various conditions stated therein. The notification provides for warehousing of imported goods, to be used for manufacture of goods or other operations as well as their ex-bonding under certain circumstances.

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