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Enhancements & Improvements to Income Tax e-Nivaran Module

December 14, 2016 1537 Views 0 comment Print

Supervisors can view the grievances pertaining to them or their underlying sub-ordinates directly from control register through the search filters for PCCIT/PDGIT, CCIT/DGIT, PCIT/PDIT, Range and AO as applicable within their hierarchy.

Kuth root having ITC-HS Code 12119046 of MEIS schedule, deleted

December 13, 2016 673 Views 0 comment Print

FTP- Kuth Root having ITC-HS Code 12119046 appearing at Sl. No. 506 of Appendix 3B of MEIS schedule is deleted.

Banks to Send branch-wise report on detection of counterfeit note: RBI

December 12, 2016 1642 Views 0 comment Print

Counterfeit notes detected in the SBNs received in exchange and deposits should be kept branch-wise, in a secured and segregated manner, so that further analysis, as necessary, can be conducted at a later stage.

Modiji’s new monetary architecture for seamless growth, scamless politics

December 12, 2016 2329 Views 1 comment Print

The overwhelming finance sector reforms have begun transforming the system as New Deal. Currency crunch is still a problem, digital reach and efficiency not sufficient, yet the popularity of the measure, peoples patience to make it succeed and Prime Minister’s passionate appeals have created the atmospheric for monetary reform.

Changes in Schedule IV & V of Revised Draft Model GST Law

December 12, 2016 8887 Views 0 comment Print

In previous GST Law, Schedule IV specified activities or transactions in respect of which Central / State Govt or any Local Authority shall not be regarded as a taxable person.

IT dept Seizes Rs. 106.52 crore Cash & 127 kg Gold in Chennai

December 10, 2016 2266 Views 1 comment Print

Seizure of Rs. 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department. Eight premises (six residential & two offices) were covered in the search.

Changes Made in Schedule-II of Revised Draft Model GST Law

December 10, 2016 6691 Views 0 comment Print

Schedule II prescribes such transactions which will be deemed to be supply of goods and services. There is not much change in this schedule.

GST Registration Amendment, Cancellation & Revocation

December 10, 2016 6832 Views 0 comment Print

Every person whom schedule III is applicable is liable to register within 30 days. The registration is to be taken for every state, no centralized registration is available.

Changes Made in Schedule-I of Revised Draft Model GST Law

December 10, 2016 3559 Views 0 comment Print

As you are aware of the fact that revised draft GST law is published by the Government. Many changes have been made in the revised draft GST law in comparison to earlier draft GST law. If we compare the old draft GST law with the new revised draft GST law then we can study the changes which have been made and their impact on the trade and industry.

Promotion of IRS Officers to Post of Joint CsIT- Order No. 198 of 2016

December 9, 2016 2935 Views 0 comment Print

The President Is pleased to extend the ad-hoc appointment of the following IRS officers to the grade of Joint Commissioner of Income Tax upto 31.12.2016:-

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