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CIC directs CBDT to educate concerned officials about RTI Law

June 8, 2017 1767 Views 0 comment Print

Commissiono instructs CBDT to convene periodic conferences/ seminars to sensitise, familiarise and educate the concerned officials about the relevant provisions of the RTI Act, 2005 for effective discharge of its duties and responsibilities.

MVAT: Computerized Desk Audit (CDA) for the period 2014-15

June 8, 2017 5307 Views 0 comment Print

The department has now generated Computerized Desk Audit (CDA) reports for the period 2014-2015 after analyzing electronic data pertaining to e-Returns, audit reports in form e-704 and annexures thereof uploaded by all the dealers. The CDA for this period has resulted into -findings of likely tax liability in respect of some of the dealers. The CDA findings for this period are available through dealers’ access on the web site www.mahavat.gov,in and also dealers can submit compliance electronically. The dealer will not be required to visit the sales tax office for audit period if he agrees with the findings of the CDA and pays tax as per CDA along with applicable interests.

Definition of International Worker under EPF scheme 1952

June 8, 2017 14904 Views 0 comment Print

An Indian employee will be treated as International Worker only when (i) he has worked or is going to work in a foreign country with which India has entered into Social Security Agreement and (ii) he is eligible to avail the benefits under a social security programme of the said foreign country.

Revision in Import policy of Poultry and Poultry Products

June 8, 2017 813 Views 0 comment Print

Import policy of Poultry and Poultry Products is revised and will be regulated as per S.O. 2337(E) dated 8th July, 2016, as amended from time to time, issued under the Livestock Importation Act, 1898.

Disbursement of benefits to eligible EPF members under PMRPY/PMPRPY Schemes

June 8, 2017 3240 Views 0 comment Print

EPFO has been nominated as the nodal organisation for implementation of the PMRPY/PMPRPY Scheme vis-à-vis verification of the credentials of the eligible beneficiaries and payment of benefits to them in accordance with the guidelines of PMRPY/PMPRPY schemes besides creating awareness for maximum outreach of the PMRPY/PMPRPY

DGFT Constitutes GST Facilitation Cell

June 8, 2017 1410 Views 0 comment Print

To ensure smooth and successful roll out of GST w.e.f. 1st July 2017, the likely date of implementation of GST, it is decided to constitute a GST Facilitation Cell in DGFT Headquarter and all Regional offices of DGFT to serve as the first point of contact for addressing any issues regarding GST in respect of Foreign Trade Policy.

Yoga and Health

June 8, 2017 1917 Views 0 comment Print

The word health originates from the root word whole. If one has to experience a sense of wholeness, it is important that besides the body and mind, one’s energy also functions at a certain level of intensity. If your energy is in proper balance and full flow, you will be in perfect health physically and psychologically.

No disallowance for interest paid to NBFC without TDS deduction, considered by NBFC in their Income

June 7, 2017 65799 Views 0 comment Print

Having held that the second proviso to section 40(a)(ia) shall have retrospective effect the question arises that if the recipients of interest in question have already considered the same for computing their income offered to tax then the dis allowance u/s. 40(a)(ia) is not attracted.

RBI Second Bi-monthly Monetary Policy Statement, 2017- 18

June 7, 2017 1107 Views 1 comment Print

Since the April 2017 meeting of the MPC, global economic activity has expanded at a modest pace, supported by firming growth in major advanced economies (AEs) and in some emerging market economies (EMEs) as well.

CBI Clarification relating to News Reports / Statement by NDTV

June 7, 2017 1047 Views 0 comment Print

Reports in sections of the media have raised certain issues and the statement issued by NDTV has leveled certain allegations against the CBI investigation in the case relating to the promoters of NDTV and others.

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