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Companies (Indian Accounting Standards) (Amendment) Rules, 2017

March 17, 2017 5001 Views 0 comment Print

(1) These rules may be called the Companies (Indian Accounting Standards) (Amendment) Rules, 2017. (2) They shall come into force on the 1st day of April, 2017.

Reporting and Accounting of Central Govt Transactions of March 2017

March 16, 2017 663 Views 0 comment Print

The Government of India has decided that the date of closure of residual transactions for the month of March 2017 be fixed as April 10, 2017 for the Financial Year 2016-17.

Banks branches accepting taxes to remain open till 8 PM on 31.03.2017

March 16, 2017 858 Views 0 comment Print

All agency banks should keep the counters of their designated branches conducting government business open for government transactions up to 6.00 p.m. on March 30, 2017 and up to 8.00 p.m. on March 31, 2017.

Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 – Clarification

March 16, 2017 1527 Views 0 comment Print

Currently, banks are issuing an acknowledgement for having received the amounts under PMGKDS. The details of the deposit are then entered in the Bank’s e-kuber application which generates a Subscription Receipt.

No levy of administration expenses on EDLI Scheme wef 01.04.2017

March 15, 2017 8634 Views 2 comments Print

Central Government hereby determines that no sum shall be payable for the time being by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund for the meeting the expenses in connection with the administration of the Employees Deposit-Linked Insurance Scheme, 1976 other than the expenses towards the cost of any benefits provided by or under that scheme.

Govt establishes Debts Recovery Tribunal at Siliguri WEF 16.03.2017

March 15, 2017 4599 Views 0 comment Print

Central Government hereby notifies the establishment of the Debts Recovery Tribunal at Siliguri with effect from the 16th day of March, 2017

Admin charges payable by employer on EPF wef 01.04.2017

March 15, 2017 13653 Views 2 comments Print

CG fixes administrative charges payable by the employer for the purposes Employee Provident Fund Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

Enemy Property (Amendment and Validation) Act, 2017

March 14, 2017 3567 Views 0 comment Print

(1) This Act may be called the Enemy Property (Amendment and Validation) Act, 2017. (2) Save as otherwise provided in this Act, it shall be deemed to have come into force on the 7th day of January, 2016.

Section 269SS and 269T applicable to NBFC: RBI

March 9, 2017 20790 Views 0 comment Print

Section 269SS and 269T of the Income Tax Act, 1961, the requirements under the Income Tax Act, 1961, as amended from time to time, would be applicable to all NBFCs with immediate effect. Currently, the relevant threshold under the Income Tax Act, 1961 is Rupees Twenty thousand.

Aadhaar mandatory for Science &Technology department schemes with few relaxations

March 9, 2017 768 Views 0 comment Print

In case, the beneficiaries of the Schemes are not able to enrol for Aadhaar due to non-availability of enrolment centres within near vicinity such as in Block or Taluka or Tehsil, the Department through its Implementing Agencies is required to create Aadhaar enrolment facilities at convenient locations, and the beneficiaries can be requested to register their requests for Aadhaar enrolment by giving their names, addresses, mobile numbers along with other documents as specified in the proviso to sub-paragraph (3) of paragraph 1, with the concerned official of the Implementing Agencies or through the web portal provided for the purpose.

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