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Empanelment for Audit of Cooperative Societies in Maharashtra F.Y. 2017-20

April 26, 2017 72267 Views 31 comments Print

Online application’s are invited for Audit Empanelment for 2017-2020 by Commissioner for Cooperation and Registrar, Cooperative Societies (CC and RCS) Maharashtra State, Pune Apply for the Empanelment between 27th April to 12th May 2017 as an online process on Mahasahakar website  i.e.  https://mahasahakar.maharashtra.gov.in Further Update on 01.04.2018- Auditor Empanelment List 2017-2020 – Click to Download […]

Not recommended to tax Farm Income: NITI Aayog

April 26, 2017 543 Views 0 comment Print

Clarification on news reports regarding NITI Aayog’s Draft Three Year Action Agenda, published on 26th April, 2017 Several newspaper reports published on April 26th, 2017, state that NITI Aayog or its Draft Three year Action Agenda has recommended that Farm Income in India be taxed to expand the existing Income Tax base.  The NITI Aayog […]

Govt has no plan to impose any tax on agriculture income: FM

April 26, 2017 654 Views 0 comment Print

Central Government has no plan to impose any tax on agriculture income. As per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose tax on agricultural income

Govt mandates Aadhaar for UGC AICTE Fellowship

April 26, 2017 963 Views 0 comment Print

Govt mandates Aadhaar for (i) Emeritus Fellowship; (ii) Dr. D.S. Kothari Post Doctoral Fellowship in Sciences;(iii) Post Doctoral Fellowship for Women; (iv) Dr. S. Radhakrishnan Post Doctoral Fellowship in Humanities and Social Sciences (Including Languages);

MVAT: Remission of interest by un-registered dealers in Maharashtra

April 26, 2017 3618 Views 0 comment Print

(1) unregistered dealer should have filed the application for registration during the period starting from 18th March 2017 and ending on 30th June 2017. (2) the said dealer shall file the returns for all such un-registered period and make the payment of 100% tax alongwith 25% of the interest payable as per section 30(1) of MVAT Act, on or before 31st July 2017.

ICAI: Marks for passing ISA (Assessment Test) reduced to 60%

April 26, 2017 9573 Views 0 comment Print

A candidate for the Information System Audit (Assessment Test) shall ordinarily be declared to have passed the Test, if he/she secures, a minimum of sixty percent marks in aggregate

Liberalized Remittance Scheme (LRS)

April 26, 2017 47109 Views 7 comments Print

Liberalised Remittance Scheme (LRS) can be availed for purchasing or remitting foreign currency up to USD 250,000 per financial year (April- March) for permissible transactions.

Instant Access Facility /use of e-wallet for investments in Mutual Funds

April 26, 2017 2484 Views 0 comment Print

Mutual Funds / Asset Management Companies (AMCs) can offer instant access facility (through online mode) of upto INR 50,000 or 90% of folio value, whichever is lower, to resident individual investors in liquid schemes by applying lower of Previous Day NAV or Prospective NAV. For providing such facility AMCs would not be allowed to borrow.

Income Tax Circular No.17 of 2017 dated: 26.04.2017

April 26, 2017 12585 Views 0 comment Print

Circular No.17 of 2017 – Corrigendum to Circular No. 13/2017 dated 11.04.2017 on the Clarification regarding Liability to income – tax in India for a non – resident seafarer receiving salary in NER (Non Resident External) account maintained with an Indian Bank. -reg.

Video- GST Conclave- GST Explained by Dr. Hasmukh Adhia

April 25, 2017 5613 Views 4 comments Print

GST Conclave LIVE: Goods & Services Tax explained by Dr. Hasmukh Adhia, Revenue Secretary, Government of India during GST Conclave held in Delhi. Hasmukh Adhia explains what is GST and its key components in Hindi language.

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