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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,

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

May 11, 2017 40770 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 5043 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.

Effective rates of BCD on industrial grade palm stearin (crude, RBD or other)

May 9, 2017 1143 Views 0 comment Print

Seeks to amend notification No. 12/2012 dated 17.03.2012 so as to make effective rates of BCD on industrial grade palm stearin (crude, RBD or other) which were earlier classifiable under sub-heading 3823 11 and are now classifiable under 1511 90 30 consequent to the amendments carried out vide the Finance Act, 2017.

Customs and Central Excise Settlement Commission (Amendment) Procedure, 2017

May 9, 2017 1041 Views 0 comment Print

Publication of Orders:- The orders of the Commission as are deemed fit for publication, in any authoritative report or by the press, may be released for such publication, on such terms and conditions as the Commission may lay down.

DGFT notification on Implementation of Target Plus Scheme as per SC decision

May 8, 2017 3297 Views 0 comment Print

The Notification No.08 (RE 2006)/2004-2009 dated 12th June 2006 and Notification No. 20 (RE 2006)/2004-2009 dated 13th July 2006 are hereby rescinded ab-initio. The Target Plus Scheme is implemented as per the decision of the Hon’ble Supreme Court dated 27.10.2015 in CA No.554 of 2006.

Bihar Goods And Services Tax Act, 2017

May 8, 2017 4299 Views 0 comment Print

THE BIHAR GOODS AND SERVICES TAX ACT, 2017 AN ACT to make a provision for levy and collection of tax on intra- State supply of goods or services or both by the State of Bihar and the matters connected therewith or incidental thereto

ICSI revises membership fee w.e.f. 1st April, 2017-Notification + FAQs

May 5, 2017 2697 Views 1 comment Print

1. The Council of the ICSI in its 236th meeting held on 29- 30th March, 2016 had revised various membership fee w.e.f. 1st April, 2017 as under-

Govt notifies Courts for trial of cases under PMLA in Telangana

May 5, 2017 2652 Views 0 comment Print

S.O. 1420(E).-In exercise of the powers conferred by sub-section (1) of Section 43 of the Prevention of Money-laundering Act, 2002 (15 of 2003) and in consultation with the Chief Justice of the concerned High Court, the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 372(E), dated the 5th February, 2016, namely

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