Presently everybody is discussing about the government’s decision of demonetization and its effect. The decision has made people confused as to whether their Rs.500 and Rs.1000 notes are an asset or liability.
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.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law .It allows banks and other financial institution to auction residential or commercial properties to recover loans.
It is better to make a will to bequeath your assets to your near and dear. Before doing this, it is important to follow the following steps, which will ensure preparation of a will which will smoothly transfer the properties to only those persons to whom the person making the will desires.
Life is a game of BLACK & WHITE, But theone who finallywins is only WHITE. Although present condition of the countryis slightly tight. See&analyze long term benefits, future no doubt is bright.
A Income Tax notice, which was circulating on Whatsapp and on other social media channels regarding deposit of Cash in bank account by an Assessee namely M/s. Sitaram Enterprises from Sikkim.
1. FAKE CURRENCY-Out of circulation in one stroke. 2. HAWALA SOURCES DRIED UP-Funding stops to Terrorists, Naxalites and Underworld. 3. KASHMIR MOVING BACK TO NORMALCY-Blow to insurgency, no more schools being burnt and no stone petters to be found.
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
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.
Everyone is aware about the demonetization policy of the government by banning Rs. 500 & Rs. 1000 currency notes. One can understand that it would have a pretty bad impact on SMEs, small traders, real estate, transport sector, consumer durable goods industry.
