Circular explain all the changes in Income Tax Act, 1961 carried out by Finance Act 2016 which are applicable for Financial Year 2016-17.
ICAI decided that students registered for Articleship on or after 1st May, 2012 uptill 31st December, 2014 but not completed GMCS-I course, shall be required to undergo Orientation Course (15 days) w.e.f. 1st January, 2017 in lieu of GMCS-I.
Provided also that the insured woman having two or more than two surviving children shall be entitled to receive maternity benefits during a period of twelve weeks of which not more than six weeks shall precede the expected date of confinement.
Making a strong appeal to different political parties to let the Union Budget for 2017-18 be presented to Parliament on February 1, the apex industry chamber ASSOCHAM today said the advancement to this effect would help the government to begin its capital and other expenditure right from April and revive the much needed economic growth.
Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation.
The Competition Commission of India (CCI) has imposed penalties on three firms for bid rigging of tenders floated by Indian Railways for procurement of Brushless DC fans in the year 2013.
CCI’ has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies & Disposals, Haryana, in the year 2012, for procurement of cement to be supplied to Government Departments/ Boards/ Corporations in the State of Haryana.
Analysis of CAP-II reports shows various serious discrepancies regarding the of assessees, filing of e-returns and paper returns and total no. of returns filed which was also indicated in the earlier letter of Pr. DGIT(Logistics).
A permanent mechanism for “Standing Intra-Government Technical Collaboration Panel” (SITCOP) has been formed to converge Government’s internal capabilities to create better and futuristic rolling stock for Indian Railways with minimal foreign dependence in critical areas. The SITCOP meets twice a year to review progress on collaborative projects assigned to inter-area action teams assigned by the body.
Where the recommendation of DPC has been kept in sealed cover solely on account of pendency of criminal case, the sealed cover may be opened in case of acquittal of Government servant provided it has not been stayed by a superior court.
