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Section 271(1)(c): No Penalty for Section 50C addition unless concealment proved

March 3, 2017 15396 Views 0 comment Print

The addition has been made invoking the deeming provisions of section 50c of the Act. There is no finding that the actual sale consideration is more than that mentioned in the sale agreement.

Aadhaar mandatory for schemes of education for disabled Students

March 3, 2017 915 Views 0 comment Print

Department of Empowerment of Persons with Disabilities , Ministry of Social Justice and Empowerment is implementing following Central Sector Scholarship Schemes for education of Students with Disabilities:-

Aadhaar mandatory for National action plan for training of disabled persons

March 3, 2017 852 Views 0 comment Print

Department of Empowerment of Persons with Disabilities (hereinafter referred to as Department), Ministry of Social Justice and Empowerment is implementing the National Action Plan for Skill Training of Persons with Disabilities under the Central Sector Scheme for Implementation of Persons with Disability Act, 1995 (SIPDA)

SOP for movement of Containers to and from JNPCT Port Terminal

March 3, 2017 3930 Views 0 comment Print

Standard Operating Procedure consequent to commencement of Document Processing Area in Parking Plaza and Gate Automation for Export & Import through JNPCT

Revision in Premium Rates for Motor Third Party Insurance Covers

March 3, 2017 5754 Views 0 comment Print

For the financial year 2017-18, the Third Party insurance premiums rates for various categories of vehicles have been arrived at as follows:

GP on unaccounted Sales cannot be less than that of Accounted Sales

March 3, 2017 4977 Views 0 comment Print

We note that GP rate on the accounted sales estimated by the assessee himself stands at 07.29%. We thus fail to understand as to how the GP for the unaccounted sale should be so lower at 03.56% which is less than half of the GP rate declared by the assessee himself on accounted sales.

EPFO introduces Pension claim Form (Aadhaar)

March 3, 2017 4530 Views 0 comment Print

members and pensioners of the Employees’ Pension Scheme desirous of continuing to avail pension and membership to the Employees’ pension Scheme by availing the Central Government’s contribution and subsidy under the said Scheme, are required to furnish proof of the possession of the Aadhaar number or undergo Aadhaar authentication for better and hassle free identification through Aadhaar.

Guidelines on Claim processing for Group Insurance Policies

March 3, 2017 3066 Views 0 comment Print

The Authority issued Guidelines on Claim Processing for Group Life Insurance Policies under Lender Borrower Schemes vide cir ref: IRDA/Life/Cir/GDL/285/12/2014 dated 29/12/2014 which provided that insurers may settle the outstanding loan amounts to certain categories of Master Policyholders prescribing therein the procedure to be adopted.

HDFC clarification on Charges for Cash Withdrawals

March 3, 2017 5277 Views 1 comment Print

HDFC BANK IMPORTANT NOTICE REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are being revised as follows: Sr. No Charge Type Revised charges 1 Number of Cash transactions(Cumulative of Deposit and Withdrawal) 4 free cash transactions per […]

Pradhan Mantri Kaushal Vikas Yojana: A Perspective

March 3, 2017 2391 Views 0 comment Print

Every year more than 13 million Indians enter the working age. The country has an annual training capacity of 3 million on adding up all the training and educational capacities in ITI s, polytechnics, graduate colleges, professional colleges etc.

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