Public News Archives - Page 9 of 12

Summary Major Developments in Corporate Laws in the Year 2016

December 27, 2016 NewsTaxIndia0 comments790 views

Developments in Corporate Laws:- Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code); The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit … Continue Reading →

Public News

Finance Minister: There is need of Mindset for Voluntary Compliance and Payment of Taxes

December 27, 2016 NewsTaxIndia0 comments713 views

Finance Minister: There is a need for move towards a mindset of voluntary compliance and payment of legitimate taxes should be considered as part of the process and nobody should think that tax evasion is acceptable; Payment of due tax is a responsibility of every … Continue Reading →

Public News

Manager of Co-Operative Urban Bank accused for changing Rs.25 crores Demonetised Currency into Legal Tender

December 25, 2016 NewsTaxIndia0 comments852 views

Manager of Co-Operative Urban Bank accused for changing Rs.25 crores demonetised currency into legal tender CBI REGISTERS A CASE AGAINST TWO MANAGERS OF COOPERATIVE URBAN BANK; A MUMBAI DOCTOR & OTHERS -SEARCHES CONDUCTED CBI Press Release New Delhi, 23.12.2016 The Central Bureau of Investigation has … Continue Reading →

Public News

Ease of Getting Passport: Announcement of new Passport Rules

December 25, 2016 NewsTaxIndia0 comments865 views

Ease of Getting Passport: Announcement of new Passport Rules In order to streamline, liberalize and ease the process of issue of passport, the Ministry of External Affairs has taken a number of steps in the realm of passport policy which is expected to benefit … Continue Reading →

Public News

No Exemption have been Granted to Political Parties Post Demonetisation

December 20, 2016 NewsTaxIndia0 comments729 views

No Exemption have been Granted to Political Parties Post Demonetisation: Arun Jaitley CBDT Press Release dated 17-12-2016: Clarification of Status of Political Parties under Income Tax Act, 1961 There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny … Continue Reading →

Public News

Additional Grace Period of 60 days to Farmers for Payment of Crop Loan Dues

December 20, 2016 NewsTaxIndia0 comments745 views

Government decides to provide the additional grace period of 60 days to farmers, whose crop loan dues fall due between 1st November, 2016 and 31st December, 2016 Following the recent demonetization of Specified Bank Notes (SBNs) the Government is seized of the constraints faced by … Continue Reading →

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Government withdraws exemptions given for the use of Rs.500/- old notes

December 10, 2016 NewsTaxIndia0 comments706 views

Government withdraws exemptions given for the use of Rs.500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets; For making payments to catering services … Continue Reading →

Public News

CBI Caught Senior Officer of Post Office in case of Fraudulently Exchanged Old Currency of Rs.2.95 crores

December 9, 2016 NewsTaxIndia0 comments873 views

CBI Caught Senior Officer of Post Office in case of Fraudulently Exchanged Old Currency of Rs.2.95 crores CBI REGISTERS THREE SEPARATE CASES RELATING TO ALLEGED EXCHANGE OF NEW CURRENCY AND ARRESTS FOUR ACCUSED Press Release New Delhi, 08.12.2016 The Central Bureau of … Continue Reading →

Public News

Relief and Exemption to Promote Cashless Transaction

December 8, 2016 NewsTaxIndia0 comments1002 views

Government Introduced Various Relief and Exemption to Promote Cashless Transaction; Package for Promotion of Digital and Cashless Economy In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through … Continue Reading →

Public News

CBI Arrests Managers of Karnataka Bank & Dhanalaxmi Bank for Diverting New Currency Notes

December 7, 2016 NewsTaxIndia0 comments1211 views

CBI ARRESTS Managers of Karnataka Bank and Dhanalaxmi Bank for unauthorisedly Diverting New Currency Notes to some individuals in violation of Reserve Bank of India Circulars. CBI Press Release New Delhi, 05.12.2016 The Central Bureau of Investigation has arrested two private persons, residents of Bangalore in … Continue Reading →