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Errors in bank details given by exporters for claiming export incentives

March 16, 2017 975 Views 0 comment Print

At times errors exist in Bank account number, IFSC code, etc. given by exporters, which leads to rejection of claim for payment of Duty Drawback by the local bank authorities.

HC on compensation for reduced area than area actually used by Govt.

March 16, 2017 6306 Views 0 comment Print

Petitioner owns an area admeasuring 2.00 acres bearing khasra No.266 & 267 at village Palod, PH No.69/18 RI Block Mandir Hasod, Tahsil Arang, District Raipur. A part of the said area belonging to the petitioner has been used for construction of road by the Naya Raipur Development Authority (NRDA)

Automation of Refund claims and Manual Brand rate drawback claim

March 16, 2017 1098 Views 0 comment Print

Implementation of Phase-I of Automation of Refund claims and Manual Brand rate drawback claim i.e. Digitization of Refund claims and Manual Brand rate Drawback claims at JNCH, Nhava Sheva – Reg.

Rate of exchange of conversion of foreign currency WEF 17.03.2017

March 16, 2017 1566 Views 0 comment Print

CBEC hereby determines rate of exchange of conversion of each of foreign currencies WEF 17th March, 2017 vide Notification No. 22/2017-Customs (N.T.) dated: 16/03/2017

Upload regulatory orders and arbitration matters on website: SEBI

March 16, 2017 903 Views 0 comment Print

In order to improve transparency in disclosing the regulatory orders and arbitration awards issued by clearing corporations, it has been decided that all regulatory orders i.e. orders against clearing members and arbitration / appellate awards by arbitrators need to be made available to investors.

Artificial Intelligence is need of hour: ASSOCHAM-PwC study

March 16, 2017 885 Views 0 comment Print

Effectiveness of Artificial Intelligence (AI), machine learning, robotics and cognitive automation in direct proportion bestow rise in the quality and quantity of training data that the systems are exposed to, the conditions are ripe for India to emerge as a leader in AI, said an ASSOCHAM-PwC paper.

Top Seventeen Credit Mistakes That Should Be Avoided

March 16, 2017 1824 Views 0 comment Print

Here we have a list of credit mistakes that should be avoided by all. Avoiding these mistakes will be beneficial for maintaining a good credit score and availing good credit from the lenders.

Don’t invent income to erroneously qualify for tax credits: IRS

March 16, 2017 1602 Views 0 comment Print

Don’t invent income to erroneously qualify for tax credits, such as the Earned Income Tax Credit. Taxpayers are sometimes talked into doing this by con artists. Taxpayers should file the most accurate return possible because they are legally responsible for what is on their return.

NPAs slowed down in Q4 of Current Financial Year: FM

March 15, 2017 987 Views 0 comment Print

FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs;

Penalty cannot be levied for bonafide mistakes in making wrong claim

March 15, 2017 4716 Views 0 comment Print

Aforesaid appeal by the assessee is directed against order dated 30th December 2015, passed by the learned Commissioner (Appeals)– 53, Mumbai, confirming penalty imposed of Rs. 2,57,246, under section 271(1)(c) of the Income Tax Act, 1961 (for short the Act) for the assessment year 2011-12.

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