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Supply 40% bank notes / cash to bank branches in rural areas

January 3, 2017 1390 Views 0 comment Print

With a view to ensure that at least 40% bank notes are supplied to rural areas and to mitigate the issue in a more enduring manner, banks maintaining currency chests are advised to take following steps

Restaurants billing ‘service charges’ in addition to taxes is optional

January 3, 2017 3985 Views 1 comment Print

Hotels and restaurants are charging ‘service charge’ in range of 5-20%, in lieu of tips, which a consumer is forced to pay irrespective of kind of service provided to him.

GST- The Need of the Hour

January 3, 2017 9964 Views 1 comment Print

GST- the new tax regime is much talked about as a major tax reform. It is a comprehensive tax regime to be levied on manufacture, sale and consumption of goods and services throughout India

Vacancy For CA having knowledge of SAP

January 3, 2017 3703 Views 0 comment Print

Job Details;- Keyword: CA, Industry: Accounting, Infrastructure, Manufacturing, Real Estate, Role: Manager, Condition: CA with 7-8 years of post-qualification experience, Qualifications: CA, Profile: Accounts Manager, Expiry Date: 31 Mar 2017

TATA Translational Cancer Research Centre notified U/s. 35(1)(ii)

January 2, 2017 1117 Views 0 comment Print

TATA Translational Cancer Research Centre (‘TTCRC’) under the aegis of TATA Medical Centre Trust (PAN:- AABTT2222Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962

Full/Partial exemption of late fee under MVAT Act, for late returns

January 2, 2017 8812 Views 2 comments Print

A Registered MVAT Dealer, who uploads the pending returns for any period upto 31st March 2016, shall be eligible to take benefit of waiver of late fee, depending on the phase, in which he uploads his MVAT returns.

29 FAQs on new Company Incorporation Form SPICe (INC-32)

January 1, 2017 27559 Views 0 comment Print

1. How many names can be applied for in SPICe (INC-32)? Only one. However, for reservation of a name prior to filing SPICe (INC-32), you may use INC-1 (in which up to 6 names can be proposed) and then input the SRN of approved INC-1 into SPICe.

Attention! Resident & Non-Resident Indians returning from abroad

January 1, 2017 8269 Views 2 comments Print

1. The Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 has been promulgated, in the follow-up of withdrawal of the legal tender character of the existing series of banknotes, as on 8.11.2016, in denominations of Rs. 500 & Rs. 1000 (referred to as Specified Bank Notes or SBNs). The Ordinance has come into effect from […]

SC dismisses writ on Pradhan Mantri Garib Kalyan Yojana tax scheme

January 1, 2017 18745 Views 0 comment Print

Writ been filed in SC requesting to quashing/setting aside penalty, surcharge and also provisions for lock-in/withholding of 25% of disclosed income for 4 years under the Taxation Laws (Second Amendment) Bill, 2016, (Pradhan Mantri Garib Kalyan Yojna, 2016), i.e. Section 199D(2), 199E and 199F of the Finance Act, 2016, by declaring them illegal and null and void;

Text of PMs address to nation on the eve of New Year 2017

January 1, 2017 2692 Views 1 comment Print

In a few hours, we will be ushering in the new year of 2017. 125 crore Indians will join the rest of the world, in welcoming it with new hope, new energy and new dreams.

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