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Farmers allowed to purchase seeds using old Rs. 500 notes

November 20, 2016 2896 Views 1 comment Print

Govt decided to allow farmers to purchase seeds with old high denomination bank notes of Rs.500 from Centres,Units or Outlets belonging to Central or State Governments, PSUs, National or State Seeds Corporations, Central or State Agricultural Universities and ICAR, on production of proof of identity.

Arvind Kejriwal, What a Fall! – Ravi Shankar Prasad

November 20, 2016 5479 Views 5 comments Print

Arvind Kejriwal’s statements today were a big revelation. He had announced that he would expose a scam. But what he actually exposed was the reality of his anti corruption crusade.

GST is important milestone in concept of cooperative federalism

November 20, 2016 3007 Views 1 comment Print

GST is an important milestone in the concept of cooperative federalism where the Centre and the States have come together to address an important national issue of complex indirect tax regime in the country

No leakage of Direct Tax Laws paper of CA Final examination

November 19, 2016 3073 Views 0 comment Print

Our attention has been drawn to some unfounded reports in social media on alleged leakage of question paper relating to Direct Tax Laws, Paper 7 of CA Final Examination held on 13th November 2016.

IT dept starts issuing notices for cash deposits on or after 09/11/2016

November 19, 2016 66709 Views 25 comments Print

A Income Tax notice, which was circulating on Whatsapp and on other social media channels regarding deposit of Cash in bank account by an Assessee namely M/s. Sitaram Enterprises from Sikkim.

6 Major benefit of demonetisation that we do not see in media coverage!

November 19, 2016 25471 Views 24 comments Print

1. FAKE CURRENCY-Out of circulation in one stroke. 2. HAWALA SOURCES DRIED UP-Funding stops to Terrorists, Naxalites and Underworld. 3. KASHMIR MOVING BACK TO NORMALCY-Blow to insurgency, no more schools being burnt and no stone petters to be found.

Withdrawal of relaxation of cash withdrawals by Farmers & for wedding

November 18, 2016 1864 Views 0 comment Print

It seems this notification have some mistakes as vide this government has withdrawn relaxation for cash withdrawal and for wedding celebration.

Notification on cash withdrawal by Farmers & for Wedding Celebration

November 18, 2016 967 Views 0 comment Print

(x) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified by the Reserve Bank of India; (xi) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India

India -UK Sign 3 more Bilateral Advance Pricing Agreements

November 18, 2016 1054 Views 0 comment Print

India and UK Sign three Bilateral Advance Pricing Agreements (B- APAs) taking the total number of APAs signed [both- bilateral and unilateral] to 111

India signs revised DTAA with Cyprus

November 18, 2016 1843 Views 0 comment Print

Revised Double Taxation Avoidance and the Prevention of Fiscal Evasion (DTAA) Agreement signed today between India and Cyprus

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