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Demonetisation to combat corruption, black money, counterfeit currency & terrorist financing

November 21, 2016 706 Views 0 comment Print

#Demonetisation The aim of measure is to combat corruption, black money, counterfeit currency and terrorist financing. Officers shall be alert to any attempts being made to thwart these objectives

Demonetisation scheme- 10 Questions PM needs to Answer

November 20, 2016 15733 Views 46 comments Print

Everybody applauding the Demonetization scheme of Rs.500 and Rs.1000 notes introduced by our honourable PM Mr.Narendra Modi but is it really worth it? I would request Modiji to relieve me from following doubts.

Maharashtra Settlement of Arrears of Disputes, 2016-Schedule of payment of Requsite amount

November 19, 2016 607 Views 0 comment Print

Date for payment and submission of proof of payment. (1) The fifty per cent. of the requisite amount payable under the Act shall be paid on or before the 30th November 2016 and remaining fifty per cent. amount shall be paid on or before the 31st December 2016.

Central Advisory Board under Minimum Wages Act and Rules

November 18, 2016 2545 Views 0 comment Print

In exercise of powers conferred by Minimum Wages Act, 1948 and Minimum Wages (Central Advisory Board) Rules, 2011 and in supersession of the notification of Government of India in Ministry of Labour and Employment

Illustrative Explanation for Cross Utilisation of CREDITS under GST

November 18, 2016 9208 Views 2 comments Print

The Law allows utilization of credit of one component of tax against the other in different situations with the exception of utilization of CGST for SGST and vice versa, the Government has taken this bold step and so needs to do a lot of background accounting to keep the respective accounts of CGST/SGST/IGST straight

Issue of Imposition of Penalty u/s 270A of Income Tax Act,1961

November 18, 2016 35857 Views 7 comments Print

Demonetization of Indian High Value Currency Notes is creating havoc and sheer chaos in the Indian Markets. Amidst such a scenario, rumours are spreading on imposition of 200% penalty by the Income Tax Department on the cash deposited in banks by the assessee’s.

Clearance of import of metal scrap-Procedure-regarding

November 18, 2016 1588 Views 0 comment Print

It is clarified that the import of shredded metallic scrap shall continue to be cleared inter-alia upon furnishing of pre-shipment inspection certificate. Para 3(i) of the Circular No. 48/2016-Customs shall stand modified to that extent.

It is never too early to think about Retirement Planning

November 18, 2016 2005 Views 0 comment Print

Most young Indians are ill-educated or usually, do not have any idea about financial planning, retirement and preparing for a life after work. Even if several 20-somethings dont openly think or say that it’s too early to contemplate about retirement, most act as though retirement is something to worry about later in life.

Object of parole is to rehabilitate the convicted prisoner

November 18, 2016 6261 Views 0 comment Print

Application for temporary leave (parole) has to be decided by District Magistrate keeping in view that the object of parole is to rehabilitate the convicted prisoner.

Central Advisory Committee under Equal Remuneration Rules

November 18, 2016 2032 Views 0 comment Print

In exercise of powers conferred by sub-section (1) of section 6 of Equal Remuneration Act, 1976 (25 of 1976) read with rules 3 and 4 of Central Advisory Committee on Equal Remuneration Rules, 1991

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