Life Insurance Corporation of India (LIC) policies are considered as lapsed when the premium due under policy is not paid within the grace period prescribed.
Income-tax in general is levied on various companies, including Air Services Companies (although no such terms finds place under the Income-tax Act, 1961) as per the provision of the Act
Diplomatic Missions have written to convey their appreciation for the Government’s recent effort to make our economy more transparent and as a move that will also have a positive impact on FDI.
A Nidhi company shall be a public company and shall have a minimum paid up equity share capital of five lakh rupees
India and Switzerland signed the ‘Joint Declaration for implementation of Automatic Exchange of Information (AEOI) on the 22nd November, 2016.
Whether the Government has issued any instructions to Public Sector Banks (PSBs) to provide ATM transaction slips in regional languages
Government of India in its efforts to improve the business climate of the country and also improve country’s ranking in the World Bank’s report on Ease of Doing Business;
Stakeholders may kindly note that existing INC-2 and INC-7 eforms are likely to be withdrawn from the MCA portal shortly. Stakeholders will then have to use only SPICe (Simplified Proforma for Incorporating a Company electronically) forms
It has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier.
Govt decides to reduce existing rate of deemed profit U/s. 44AD of Income Tax Act in respect of amounts/receipts through banking channel/digital means
