Government is continuously monitoring the progress of Sukanya Samriddhi Account Scheme. It was launched on 2nd December, 2014 and since then the number of accounts opened under this scheme have been showing upward trend and 99,96,085 accounts have been reported opened till 31st October, 2016 and Rs. 9455.30 crore have been deposited under this scheme.
Government has advised RBI to set up a Special Cell to monitor the receipt of fake currency notes and inform such instances to the Economic Offences Wing of State Police, Intelligence/Enforcement agencies of the Central Government.
(a) whether certain auto industry stakeholders have expressed concern over lack of clarity on GST and the time for its implementation, if so, the details thereof; (b) whether the auto industry felt that tax differentiation in auto industry is huge when compared to other major markets, if so, the details thereof;
According to the Census 2011, there are 2.68 crores (2.21%) persons with disabilities in India, though according to some estimates, the actual number may be as high as five per cent of our population. However, there has been a paradigm shift in the approach towards the persons with disabilities (PWDs) during last some years.
The nation bids adieu to its biggest film festival- Indian International Film Festival, with numerous pleasant and golden memories, on 28th November 2016. The festival which has been there for 9 days, was started on 20th November, and showcased 275 films of 88 countries.
(a) whether the Government proposed Goods and Services Tax (GST) rate with four slab structure, if so, the details thereof; (b) whether the Government has assessed implications of having different GST rates for various items, item-wise; and (c) if so, the details thereof and the outcome thereon?
It is observed that tax payers and professionals have not been able to keep up the pace with changes. As a result, a wide gap has emerged between initiatives undertaken by Income Tax Department and acceptance thereof in terms of practices by stake holders.
Inter-linking provisions in Customs Act, 1962, Central Excise Act, 1944 & Finance Act, 1994. Introduction You might have noticed that at times, a statute may have certain provisions, which borrow provisions from other statutes. At times, borrowed provisions of other statutes may be specifically mentioned in the borrowing provision. Sometimes, only power is taken to […]
Regulating a profession by imposing conditions for admission inevitably reduces the supply potential of professionals. Therefore, a rough balance between supply and demand for professional services should be maintained. Regulation of Tax Professionals should be similar to that of consumer protection.
Every business, whether big or small, needs a strong financial back-bone upon which it operates. The daily running expenses of the business, acquiring assets, buying raw materials, administrative expenses, selling and distribution overheads – all require a source of finance.
