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Link BPO promotion scheme with direct tax benefit: ASSOCHAM

January 30, 2017 1152 Views 0 comment Print

Apex industry body ASSOCHAM has suggested the Union Government to link the India business process outsourcing promotion scheme (IBPS) with direct tax benefit.

Transitional Challenges under Revised Model GST Law

January 30, 2017 3696 Views 0 comment Print

India is committed to implement Goods and Service Tax (GST). GST is expected to be implemented from April 2017 or a little later. The tax system is currently in the drafting stages with a few undecided issues holding up the agreement between the states and the Centre.

D & B Composite CFO Optimism Index declined most in 6 quarters

January 30, 2017 750 Views 0 comment Print

Dun & Bradstreet Composite Optimism Index for Q1 2017 declined most in six quarters on a q-o-q basis. The Composite CFO Optimism Index declined by around 8.0% on a q-o-q basis

Cash withdrawal Limit for Current / CC / OD Account & ATM withdrawn

January 30, 2017 9951 Views 0 comment Print

Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect.

Home loan documents list for under construction property

January 30, 2017 9732 Views 0 comment Print

It has been observed that banks are little apprehensive on approving loan for under construction property in comparison to resale or launched properties. The bank requires thorough documentation of the under construction property stating property validity, completion dates, no objection certificate from the concerned departments, and the like.

ICAI revises GMCS fees upward to Rs. 7000

January 30, 2017 1224 Views 0 comment Print

You may be aware that the present fee of Rs.5500/- for General Management and Communication Skills Course was fixed way back in 2013 and has not undergone any revision during the last four years.

Can India’s Insurance Market Deal with Demonetisation?

January 30, 2017 999 Views 0 comment Print

Article Explains the impact of demonetisation on India’s life insurance market can be valued by its short-term and long-term implications. According to the Economic Survey, India’s insurance penetration in 2015 (2.7%) continued to be lower than the global average of 3.5%. As if the challenges were not enough, the financial sector now faces another threat in the form of demonetisation.

Govt establish one more Debts Recovery Tribunal at Bengaluru

January 30, 2017 3021 Views 0 comment Print

Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), the Central Government hereby establishes one more Debts Recovery Tribunal at Bengaluru in the State of Karnataka with effect from the 1st day of February, 2017

DGFT amends Product Description in MEIS Schedule of 3 items

January 30, 2017 960 Views 0 comment Print

The product description in the MEIS Schedules has been corrected in line with ITC (HS) of Senna leaves and pads, Krft Papr/Paprbord Weing/225G/M2 Unblchd and Lthr Sandals With Other Sole

Notification No. 4/2017-Customs (N.T./ CAA/ DRI) dated 30.01.2017

January 30, 2017 1918 Views 0 comment Print

In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, subsection (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015

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