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Response to Common queries of CIT(Appeals) – reg.

December 19, 2016 6643 Views 0 comment Print

There is no functionality in the code of the CIT(A) to transfer the appeals on system after the same has been physically transferred

CBT recommends 8.65% interest on EPF for the year 2016-17

December 19, 2016 1651 Views 0 comment Print

Central Board decided to recommend 8.65% interest to its subscribers for the year 2016-17. Roughly 17 crore subscribers’ accounts will be updated with this interest rate upon acceptance by the Government.

Tender for appointment of GST consultant with New India Assurance

December 18, 2016 3763 Views 0 comment Print

e-Tenders are invited for Technical and commercial bids from Chartered Accountants firms for appointment as Goods & Services Tax (GST) Consultant.

Reports on Privilege to political parties are false & misleading

December 18, 2016 5365 Views 1 comment Print

All reports on alleged Privilege to political parties are false & misleading. Political parties have not been granted any new exemption or privilege

No new exemption to Political parties post demonetisation : FM

December 18, 2016 2146 Views 0 comment Print

Political parties have not been granted any exemption post demonetisation and introduction of Taxation Laws (Second Amendment) Act, 2016

Focus now on printing more Rs. 500 notes- Secretary DEA

December 17, 2016 1183 Views 0 comment Print

Secretary Economic Affairs, Government of India briefing the media about Demonetisation related issues and the US Fed rate hike, in North Block on 16.12.2016 has said the following- Printing of new Rs 500 notes has been stepped up: Shaktikanta Das US Fed Rate Hike factored in, markets will remain stable. it’s the first time new […]

CBDT enables e-Filing of Form 1 (PMGKY, 2016)

December 17, 2016 4924 Views 1 comment Print

Form 1 (PMGKY, 2016) is available for e-Filing. As per the Pradhan Mantri Garib Kalyan Yojana, 2016, a declaration of income in the form of cash or deposit in an account maintained with a specified entity and The amount deposited in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 shall be made in Form-1. Form 2 […]

Salient features of Rights of Persons with Disabilities Bill, 2016 Passed by Parliament

December 17, 2016 29737 Views 0 comment Print

Lok Sabha today passed Rights of Persons with Disabilities Bill – 2016. Bill will replace existing PwD Act, 1995, which was enacted 21 years back.

RBI regulations on treatment of certain balance sheet items

December 17, 2016 1975 Views 0 comment Print

Treatment of revaluation reserves:- Revaluation reserves arising out of change in the carrying amount of a bank’s property consequent upon its revaluation

Measures by RBI absorb excess liquidity in banks post demonetisation

December 17, 2016 1618 Views 0 comment Print

Post demonetisation RBI introduced incremental CRR of 100% on deposits collected between September 16 and November 11 2016 to absorb excess liquidity in banks

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