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ITBA-Gratuity, Superannuation an& PF Approval

October 27, 2016 1930 Views 0 comment Print

This is in reference to the subject mentioned above. The functionality for approval of Gratuity, Superannuation and Provident Fund Approvals is available in Administration Functions module of ITBA w.e.f. 19.09.2016.

Your Credit History & Income Stability are key in Personal loans

October 27, 2016 1990 Views 2 comments Print

When you are looking to take a personal loan, two of the key factors that play an important role in lender’s decision to lend to you are Your Credit History & Income Stability.

Why Festival Loans are better alternatives to Personal Loans if your requirement is small?

October 27, 2016 1531 Views 0 comment Print

There is not much difference between a festival loan and a personal loan as far as loan structure is concerned. Infact, both are unsecured loans – i.e. do not need any collateral to be provided by the borrowers.

GST: Effective Tools to Price Control & Anti-Profiteering Law

October 27, 2016 3670 Views 0 comment Print

Price Control & Anti-Profiteering Law is essential to alleviate concerns among consumers to ensure unreasonable increase in prices of goods and services in anticipation of introduction of GST regime.

Transferability of goods imported/procured by debiting duty in SFIS scrips– reg

October 27, 2016 1183 Views 0 comment Print

The goods imported/procured utilizing SFIS Scrip issued in terms of FTP 2009-14 may be sold/transferred on completion of 3 years from the date of clearance of import/ procurement

RBI Circular on Detection and Impounding of Counterfeit Notes

October 27, 2016 1687 Views 0 comment Print

Some unscrupulous elements are putting into circulation Fake Indian Currency Notes of higher denominations in the course of normal transactions, taking advantage of the gullible and unsuspecting nature of some members of the public.

External Commercial Borrowings (ECB) by Startups

October 27, 2016 1456 Views 0 comment Print

It is therefore decided, in consultation with the Government of India to permit AD Category-I banks to allow Startups to raise ECB under the following framework:

Transfer of criminal case not permissible on imaginary or artificial apprehension that justice may not be done

October 27, 2016 4074 Views 0 comment Print

The principle that there should not be an apprehension on the part of the party to the case that justice will not be done is not to be applied in extract terms nor the principle that once one of the accused in the case has lodged a complaint against the presiding officer, the case should necessarily be transferred.

ICAI group to look into changes need in CAs Act, 1949

October 27, 2016 1762 Views 0 comment Print

Group to look into the intricacies involved in areas wherein changes need to be made and amendments to the Chartered Accountants Act, 1949 pertinent to Disciplinary Mechanism and the Rules framed there under

MVAT: Exemption from payment of Tax for oil company u/s 41(4)

October 27, 2016 8959 Views 0 comment Print

Govt of Maharashtra, hereby amends with effect from 21.10.2016 Government Notification, Finance Department, No. VAT 1512/CR 18/ Taxation-1, dated the 29.02.2012, as follows, namely

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