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Companies (Transfer of Pending Proceedings) Rules, 2016

December 7, 2016 5689 Views 0 comment Print

These rules may be called Companies (Transfer of Pending Proceedings) Rules, 2016 and come into force with effect from 15th December, 2016, except rule 4

BRICS support all international initiatives for fair/transparent tax system

December 6, 2016 1015 Views 0 comment Print

BRICS Heads of Revenue express their continued support to all international initiatives towards reaching a globally fair and universally transparent tax system; Reiterate their commitment to actions taken to ensure the fairness of the International Tax System.

Govt directs banks to install 1 million new PoS terminals by 31.03.2017

December 6, 2016 1390 Views 0 comment Print

In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017

Post demonetisation income tax Investigation in more than 400 cases

December 6, 2016 6271 Views 0 comment Print

Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016

Prevention of Money-laundering (Appeal) Amendment Rules, 2016

December 6, 2016 1336 Views 0 comment Print

1. (1) These rules may be called the Prevention of Money-laundering (Appeal) Amendment Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette.

Customer due diligence & need for maintenance of records

December 6, 2016 2566 Views 0 comment Print

As part of Customer Due Diligence Procedure, certified copies of officially valid documents for proof of identity and address are to be obtained while establishing an account based relationship;

Analysis of CBDT instruction on seizure of jewellery

December 6, 2016 54487 Views 6 comments Print

A deep dive into the CBDT Instruction No. 1916 dated 11th May, 1994 in the matter of seizure of jewellery- Intention of CBDT is that jewellery to the extent of 500 gms in case of a married lady, 250 gms per unmarried lady and 100 gms per male member should be treated as explained and need not be considered as unexplained investments.

No denial of Government scholarships for not having Aadhaar Card

December 6, 2016 1102 Views 0 comment Print

The scholarship is not being denied on the grounds that the beneficiary does not possess Aadhaar. In the absence of Aadhaar, copy of request made for Aadhaar enrolment or photo identity card, bank passbook etc., can be used as an identifier till the Aadhaar number is obtained by the beneficiary.

Steps by Govt to save Workers from fraud of Hiring Agencies

December 6, 2016 1138 Views 0 comment Print

A well-established Central Industrial Relations Machinery (CIRM) is in place to enforce various labour laws in Central Sphere including the Contract Labour (Regulation & Abolition) Act, 1970.

DGS&D to host online Government e-Marketplace

December 6, 2016 1216 Views 0 comment Print

Government inserted Rule 141 in General Financial Rules (GFR), 2005, which provides that Directorate General of Supplies & Disposal (DGS&D) will host an online e-Marketplace for common use goods and services

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