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All Payment to Government servants through e-Payment only

May 12, 2017 1668 Views 0 comment Print

All payments to Government servants, including salary payments, shall be made by electronically signed payment advices for direct credit to their bank accounts, subject to availability of banking facilities

Huge difference in working strength & number of CBEC officials trained

May 12, 2017 1293 Views 0 comment Print

For the smooth roll out of GST, tax officials were required to be trained on the GST common portal of GSTN. However, there appears to be a huge difference between the working strength of tax officials and the number of officials trained.

RBI allows deposit of demonetised notes confiscated before 30.12.2016

May 12, 2017 3003 Views 0 comment Print

Where specified bank notes have been confiscated or seized by a law enforcement agencies or produced before a court on or before the 30th day of December 2016, such specified bank notes may be tendered, at any office of the Reserve Bank specified under subsection (1) of section 4 of the Act or a nationalised bank designated by the Reserve Bank for the said purpose, for deposit in a bank account or exchange of the value thereof with legal tender,

One time exemption to NGOs to file missing Annual FCRA Returns

May 12, 2017 1875 Views 0 comment Print

It is, however, seen that a number of organizations which have applied for renewal have not uploaded their Annual Returns from FY 2010-11 to 2014-15. The renewal of registration cannot be granted unless the Annual Returns are uploaded by the organizations.

Quoting of Aadhaar on PAN Application / ITR not apply to individual who does not possess Aadhaar number

May 11, 2017 40782 Views 5 comments Print

Provisions of section 139AA shall not apply to an individual who does not possess the Aadhaar number or the Enrolment ID and is:-(i) residing in the States of Assam, Jammu and Kashmir and Meghalaya; (ii) a non-resident as per the Income-tax Act, 1961; (iii) of the age of eighty years or more at any time during the previous year;

Govt mandates Aadhaar for Atal Pension Yojana

May 11, 2017 1011 Views 0 comment Print

An individual eligible for receiving the benefits under the Scheme of Atal Pension Yojana (APY) is hereby required to furnish proof of possession of Aadhaar number or undergo Aadhaar authentication.

ROC clarifies on acceptance of deposits without deposit insurance contract

May 11, 2017 5046 Views 0 comment Print

Provided that the companies may accept deposits without deposit insurance contract till the 31st March, 2018 or till the availability of deposit insurance product, whichever is earlier.

Uploading of information of Import Advance List on JNCH DPD Portal

May 11, 2017 3237 Views 0 comment Print

Uploading of certain information of Import Advance List (IAL) by shipping lines on JNCH DPD Portal ( www.dpdjnch.com ) for the purpose of DPD Clients -Reg.

Detailed procedure for clearance of Waste Paper

May 11, 2017 3102 Views 1 comment Print

(i) At the time of assessment, the Group AO will give DPD instruction instead of Examination Order. (ii) At the time of assessment, the CB/Importer will produce a No Use Bond with a condition stipulated therein that all such containers cleared under DPD will be placed before jurisdictional Central Excise for examination before opening the Customs Bottle Seal of the Containers.

Anti-dumping duty, on Hot Rolled Flat Products of alloy or non-alloy

May 11, 2017 1665 Views 0 comment Print

Seeks to levy definitive anti-dumping duty, on Hot Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil or Indonesia for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, 8th August, 2016.

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