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Rate of exchange of conversion of foreign currency WEF 17.03.2017

March 16, 2017 1215 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 648 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 600 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 1566 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 1341 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 816 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 4368 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.

No levy of administration expenses on EDLI Scheme wef 01.04.2017

March 15, 2017 8493 Views 2 comments Print

Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme.

NCALT penalises for non-appointment of whole time secretary

March 15, 2017 4398 Views 0 comment Print

The Appellant being not satisfied with the compounding of fine has challenged the order dated 30th September, 2016 passed by National Company Law Tribunal, (hereinafter referred to as the Tribunal), Ahmedabad Bench, in TP No.154/621A/NCLT/AHM/2016 (New), CA No.90/621A/CLB/MB/2013 (Old).

CBDT Office Memorandum regarding posting in CPC TDS

March 15, 2017 1506 Views 0 comment Print

Approval of the competent authority is hereby conveyed for posting of the following Tax Assistants in the Directorate of Systems for posting in the CPC-TDS under the provisions of the CPC-Staffing Scheme by diversion of post with immediate effect and until further orders

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