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Unbiased critical analysis of Demonetization

January 1, 2017 12100 Views 9 comments Print

As one of the biggest decision in the history of Independent India, Prime Minister Mr. Narendra Modi marks the evening of 8th November 2016 with his surgical strike on black money through announcement of ceasing the Currency Notes of 500 rupees and 1000 rupees with a vision of putting a check on the huge amount of Black Money

IGST: The Integrated Goods And Service Tax

December 31, 2016 11542 Views 1 comment Print

A new model proposed GST to monitor the interstate trade of Goods and Services and this is called IGST i.e. Integrated Goods and Service Tax.

All about Bharat Interface for Money (BHIM) APP with FAQS

December 31, 2016 10348 Views 7 comments Print

Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI). BHIM is made in India and dedicated to the service of the […]

Income Tax Notice, Corruption and You

December 31, 2016 8326 Views 4 comments Print

In India the Word CORRUPTION is associated from the bottom line and it will be grown day by day which can not be stopped now. Because its insert in the Subconscious mind, and which is never change once it was taken place.

Interest rate of PPF, SCSC, Sukanya Samridhi, NSC wef 01.01.2017

December 30, 2016 13984 Views 2 comments Print

interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,

Penalty / Jail for holding Old Notes of Rs. 500 and Rs. 1000

December 30, 2016 6787 Views 1 comment Print

Cabinet on Wednesday cleared promulgation of an ordinance to penalize persons holding junked Rs 500 and Rs 1,000 notes beyond March 31.

Guide to Revised Model GST Law with Draft Rules

December 29, 2016 10057 Views 0 comment Print

We are pleased to announce release of our Handbook on Goods and Services Tax, titled, GUIDE TO REVISED MODEL GST LAW (With Draft Rules on Registration, Payment, Invoice, Returns and Refund) [3rd Edition]

Need To Rationalize TAR And ITRs – A Measure To Remove Duplication and To Minimise Litigation

December 29, 2016 12334 Views 5 comments Print

In the present article, efforts have been made to analyse drawbacks in present ITR / TAR and to suggest some measures to eliminate them.

Transitional Provisions under Revised Model GST Law -Part-III

December 28, 2016 7543 Views 0 comment Print

Section 169. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations This provision intends to enable the taxable person to avail the cenvat of duties and taxes in respect of inputs held in stock subject to certain conditions. The provision reads as follows

CBDT amend rules to Tax Undisclosed Foreign Income and Assets

December 28, 2016 10588 Views 0 comment Print

These rules may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.

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