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Expansion of 24×7 customs clearance and clarification of levy of MOT charges in CFSs attached to 24×7 ports

February 17, 2017 NewsTaxIndia0 comments968 views

Expansion of 24×7 Customs clearance and clarification of levy of MOT charges in CFSs attached to 24×7 ports CBEC had on a pilot basis introduced 24×7 customs clearance at 4 designated Air cargo complexes and 4 seaports in respect of facilitated Bills of … Continue Reading →

Personal Finance

Supreme Court of India has introduced Middle Income Group Scheme for middle class people

February 16, 2017 NewsTaxIndia0 comments1666 views

Now It is Easier to File Petition for Poor: Supreme Court of India has introduced Middle Income Group Scheme Now, it is easier for the middle and relatively lower income group to avail and enjoy the legal services of the country. The Hon’ble Supreme Court of … Continue Reading →

RBI

RBI Instruction on Repayment of Gold Loan by Regional Rural Banks (RRBs)

February 16, 2017 NewsTaxIndia0 comments942 views

RBI Instruction on Repayment of Gold Loan by Regional Rural Banks (RRBs) Please refer to circular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010 wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option. On a review, it … Continue Reading →

Service Tax

No proposal in Union Budget 2017-18 to levy 5% Service Tax on Healthcare Services

February 15, 2017 NewsTaxIndia0 comments896 views

Central Government clarifies that there is no proposal in the Union Budget 2017-18 to levy 5% service tax on healthcare services Press Information Bureau Government of India Ministry of Finance 13-February-2017 20:00 IST Central Government clarifies that there is no proposal in the Union Budget … Continue Reading →

Public News

Central Govt. has Cautioned States to set up Necessary Mechanisms for Real Estate Act 2016

February 15, 2017 NewsTaxIndia0 comments1135 views

Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30; States also asked to comply with the spirit of the Act of Parliament; Buyers entitled to relief under the Act from May 1st this year; Only four States and … Continue Reading →

Public News

EPFO launched Employees Enrolment Campaign 2017 to declare actual no. of employees

February 15, 2017 NewsTaxIndia0 comments753 views

Employees Enrolment Campaign 2017 offers opportunity to employers to voluntarily declare details of all employees. EPFO settles 19,114 grievances in January, 2017 EPFO launched Employees Enrolment Campaign 2017 offering opportunity to the employers to voluntarily declare details of all employees hitherto deprived of social security … Continue Reading →

Income Tax

Last date to Submit online response for Cash Transaction is 15th February, 2017

February 14, 2017 NewsTaxIndia0 comments1158 views

Operation Clean Money by IT Dept gets overwhelming response. More than 5.27 lakh taxpayers submitted their response till 12th February, 2017. Last date for the submission of online response extended up to 15th February, 2017. The Income Tax Department (ITD) had initiated ‘Operation Clean Money’ … Continue Reading →

Income Tax

Income-Tax (2nd Amendment) Rules, 2017

February 14, 2017 NewsTaxIndia0 comments1793 views

Income-tax (2nd Amendment) Rules, 2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 9/2017/F.No. 370142/40/2016-TPL New Delhi, the 9th February, 2017 G.S.R.117(E)- In exercise of the powers conferred by section 139A and sub-section (1) of section 203A, … Continue Reading →

Income Tax

Income-Tax (2nd Amendment) Rules, 2017

February 14, 2017 NewsTaxIndia0 comments1788 views

Income Tax

Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes

February 14, 2017 NewsTaxIndia1 comments815 views

Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes (CBDT); Over 4.19 crore Income Tax Returns (ITRs) processed and over 1.62 crore refunds issued during the Current Financial Year up to 10th February, 2017. The Centralised Processing Centre (CPC) … Continue Reading →