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Appointment of ACIT Junior Scale to DCIT Senior Time Scale grade

July 6, 2016 2446 Views 0 comment Print

Notification No. 15 – Appointment of Assistant Commissioners of Income Tax (Junior Scale) to the grade of Deputy Commissioner of Income Tax (Senior Time Scale) – reg. Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi Dated: 6th July, 2016 Notification No. 15 The following Assistant Commissioners of […]

CBDT directs officials to not to disclose info received under IDS,2016

July 6, 2016 2260 Views 0 comment Print

Central Government having regard to all the relevant factors, hereby directs that no public servant shall produce before any person or authority any such document or record or any information or computerised data or part thereof as comes into his possession during the discharge of official duties in respect of a valid declaration made under ‘the Income Declaration Scheme, 2016’, contained in Chapter IX of the Finance Act, 2016 (28 of 2016).

How healthy your personal finance management is?

July 6, 2016 3559 Views 0 comment Print

Like how we take care of our physical health through periodic check-ups, inspecting the financial health from time to time is very important. We tend to look at what we eat, how we keep our lifestyle in order to have a healthy life.

Startup India-The Status Report

July 6, 2016 2326 Views 0 comment Print

STARTUP INDIA HUB Startup India Hub was operationalised on 1st April 2016 to resolve queries and provide handholding support to Startups. The hub has been able to resolve 12,290 queries received from Startups through telephone, email and Twitter. To seek clarifications pertaining to Certificate of Recognition as a “Startup”, Certificate of Eligibility to avail tax […]

Duty exemption to sugar exported under Advance Authorization Scheme

July 6, 2016 1687 Views 0 comment Print

(a) Exports are effected in proportion to the import of raw sugar against the said Advance Authorization; (b) Advance Authorization holder has not got the said Authorization invalidated;

Sale of goods at Duty Free Shops in Indian Currency

July 6, 2016 2296 Views 0 comment Print

Representations have also been received from travelers that duty free shops neither display prices in Indian Rupees nor display India made goods at duty free shops, which depreciates the visibility of Indian manufactured products and Indian currency.

Amendment in SION of Product Group`Chemical & Allied Products’

July 6, 2016 994 Views 0 comment Print

The standard Input Output Norms (SION) for export product under S No. A 1875 has been reviewed. There is change in the description of the Export and Import items.

Reg. exemption to goods manufactured at construction site

July 6, 2016 2056 Views 0 comment Print

Representations have been received from the trade regarding difficulties being faced in availing of benefit of exemption applicable to goods manufactured at the site of construction for use in construction work at such site vide S. No. 186 of Notification No. 12/2012-Central Excise, dated 17.03.2012, as amended.

Rate of exchange of foreign currency conversion WEF 07.07.2016

July 6, 2016 3520 Views 0 comment Print

CBEC rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 07th July, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Secretarial Audit- An Approach!!!! (Under Companies Act, 2013)

July 6, 2016 5575 Views 0 comment Print

Earlier Under Companies Act, 1956, Secretarial Audit was not mandatory for the Companies, but with the enactment of Companies Act, 2013, Secretarial Audit is mandatory for certain companies under Section 204 of Companies Act, 2013.

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