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MCA to deploy new name reservation service wef 26th January, 2018

January 6, 2018 1848 Views 0 comment Print

A new name reservation service is being developed and is likely to be deployed on 26th January, 2018. Therefore w.e.f. 00:00 hours of 06-01- 2018, INC-1 will not be available on the MCA Portal. Stakeholders are advised to submit INC-1 application till 23:59 hours of 05-01-2018. Stakeholders who reserved names using INC-1 are requested to […]

Allow Deduction to salaried assesses of Payment for notice period – ICAI

January 6, 2018 26948 Views 9 comments Print

Income from notice period pay is chargeable in the hands of ex-employer and deduction of the amount of notice period pay paid be made available to the employee as he has not effectively received that income.

Increase Minor Income Exemption Limit to Rs. 10000 – ICAI

January 6, 2018 13683 Views 3 comments Print

At present income of minors included in the hands of parents is exempt to the extent of Rs.1,500/- for each minor. The average expenditure to meet cost of a minor’s education/health/living expenses which has gone up considerably in recent years, limit of Rs.1,500/- fixed is woefully inadequate.

Updated list of Vendors providing E-seals to exporters

January 6, 2018 21090 Views 1 comment Print

Details of Vendors seeking to provide E-seals to exporters as per requirement of Circulars 26/2017, 36/2017 , 37/2017, 41/2017, 44/2017 & 51/2017 of Customs as on date i.e. 5th January 2018 is as under:

New Registration, Return, Refund functionalities on GST portal

January 6, 2018 2163 Views 0 comment Print

Recently, following new functionalities were made available on GST portal for you as on 04.01.2018: A) Registration: Form for application of cancellation of registration by (new) taxpayer, is now available on GST portal (see rule 20 of the CGST rules, 2017). B) Returns: a) Taxpayers has been provided facility to give details of supplies made […]

7 initiatives to promote online purchase of Railway tickets

January 6, 2018 1344 Views 0 comment Print

Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money (BHIM) modes of payment. Tickets can also be booked through cash from various Railway agents like Yatri Ticket Suvidha Kendra (YTSK), Jan Sadharan Ticket Booking Sevak (JTBS), Rail Travel Service Agents (RTSA) […]

Recapitalisation of Public Sector Banks

January 6, 2018 3486 Views 0 comment Print

Government announced Indradhanush plan for revamping Public Sector Banks (PSBs) in August 2015. The plan envisaged, inter alia, infusion of capital in PSBs by the Government to the tune of Rs. 70,000 crore over a period of four financial years. Government has recently announced decision to further recapitalise PSBs to the tune of Rs. 2,11,000 […]

29,403 companies registered as LLP on all India basis in FY 2016-17

January 5, 2018 678 Views 0 comment Print

In FY 2016-17, 29,403 companies registered as LLP on all India basis The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include procedures on incorporation of an LLP, its governance framework, relations interse […]

MCA Removes names of 2,26,166 defunct companies in 2017

January 5, 2018 1545 Views 0 comment Print

ROCs has removed the names of 2,26,166 companies as on 19.12.2017 from the register of companies by following the due procedure under Section 248 of the Companies Act, 2013.

CBEC exclude petroleum coke from purview of concessional 5% BCD

January 5, 2018 936 Views 0 comment Print

Seeks to amend notification 50/2017-Customs dated 30.06.2017 so as to exclude petroleum coke from the purview of concessional 5% Basic Customs Duty (BCD) vide Notification No. 02/2018-Customs

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