November 8, 2016 will perhaps go down in history as the day India ushered in the most comprehensive finance sector reform that transformed the country as never before.
Myth 1- In next round PM Modi will demonetise Rs. 100 and Rs. notes. Reality- There is no such intention and demonetisation will not be done for any other denomination of legal tender notes. Myth 2 – Select corporate houses and political party members were informed about the move in advance Reality– There was no […]
The CBDT did not have any established mechanism to assess the impact of revenue foregone on account of deduction under section 80 IA on the economic and industrial growth of the country.
Black money in Swiss Banks- Undisclosed income of Rs.8200 crore (including protective assessments in some cases) brought to tax till 31.08.2016 in 404 cases.
#Demonetisation Traders registered with APMC markets / mandis can draw up to 50,000 and Farmers allowed to draw upto ₹ 25000/- per week in cash
#Demonetisation-To enable wedding celebration by parents of their wards RBI allowed cash withdrawals upto Rs. 2.50 Lakh from bank a/cs for wedding expenses
Banks have since reported that such exchange/deposits effected from November 10, 2016 upto November 18, 2016 amounted to ₹ 5,44,571 crore (exchange amounted to ₹ 33,006 crore and deposits amounted to ₹ 5,11,565 crore). They have also reported that the public have withdrawn, during this period, ₹ 1,03,316 crore from their accounts either over the counter or through ATMs.
Haryana Power Generation Corporation Ltd. (HPPGCL) invites bids from reputed CA/ CMA Firms for conducting Internal Audit for F.Y. 2016-17, 2017-18 & 2018-19.
Last date of filing of online/hard copy of 2nd quarter return for year 2016-17, in Form DVAT-16, DVAT-17 and DVAT-48 extended to 28/11/2016.
Under implemented Universal Account Number programme, seeding of Aadhaar number in UAN database of EPF members is very low (just 23% up to 25.10.2016).
