NewsTaxIndia

Government has decided to make timely payment of Employee Group Insurance Scheme

March 21, 2017 NewsTaxIndia0 comments735 views

The Union Government has decided to make timely payment of accumulations under the Savings Fund of the Central Government Employee Group Insurance Scheme (CGEGIS) The Union Government has decided that in all cases where the service of the retiring Central Government employees has been verified, … Continue Reading →

Public News

Bharatiya Mahila Bank to be merged with State Bank of India

March 21, 2017 NewsTaxIndia0 comments989 views

Bharatiya Mahila Bank (BMB) to be merged with State Bank of India (SBI) to ensure greater banking services outreach to a larger number of women, at a faster pace. The Government of India has decided to merge the Bharatiya Mahila Bank (BMB) with the State … Continue Reading →

Public News

CBI Arrested Director, Postal Services Ahmedabad in Case of Exchange of Old Currency

March 20, 2017 NewsTaxIndia0 comments952 views

CBI ARRESTS A DIRECTOR, POSTAL SERVICES AND SENIOR SUPERINTENDENT OF POSTS IN AN ON-GOING INVESTIGATION OF A CASE RELATING TO EXCHANGE OF DEMONETIZED CURRENCY CBI Press Release New Delhi, 20.03.2017 The Central Bureau of Investigation has arrested a Director, Postal Services and Senior Superintendent of … Continue Reading →

Indirect Taxes

Assessee have to give an undertaking before Filing Appeal in CESTAT that same matter is not pending in other Forum

March 15, 2017 NewsTaxIndia0 comments3635 views

Assessee have to give an undertaking before Filing Appeal in CESTAT that same matter is not pending in other Forum – CESTAT Circular Dated 27.2.2017 Instances are noticed that while filing appeal/application before CESTAT, parties are seeking alternate/simultaneous remedies before other forums such as Hon’ble … Continue Reading →

Income Tax

New Clarifications on Pradhan Mantri Garib Kalyan Yojana 2016

March 15, 2017 NewsTaxIndia0 comments1092 views

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) has commenced on 17.12.2016 and is open for declarations upto 31.03.2017. Vide CBDT … Continue Reading →

Public News

Mandatory for Hospitals to issue detailed bills to patients

March 14, 2017 NewsTaxIndia0 comments774 views

Mandatory for Hospitals to issue detailed bills to patients, separately disclosing cost of Coronary Stents State Governments and State Drug Controllers advised to exercise Powers under Para 30 of DPCO, 2013 to check artificial shortage of Stents Minister of State for Chemicals & Fertilizers, Road … Continue Reading →

Public News

Footwear Design and Development Institute Bill 2017

March 14, 2017 NewsTaxIndia0 comments777 views

Footwear Design and Development Institute Bill 2017 Commerce & Industry Minister Smt. Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on 14th March, 2017 to declare the FDDI as an Institution of National Importance (INI). The objective … Continue Reading →

RBI

RBI Released Financial Literacy Material for Public Awareness

March 13, 2017 NewsTaxIndia0 comments1962 views

The Reserve Bank of India has published a booklet titled FAME (Financial Awareness Messages) to provide basic financial literacy messages for the information of the general public. It contains eleven institution/product neutral financial awareness messages, such as, documents to be submitted while opening a bank … Continue Reading →

RBI

100% Foreign Direct Investment is allowed in ‘E-commerce’ through Automatic Route

March 13, 2017 NewsTaxIndia0 comments911 views

100% Foreign Direct Investment (FDI) is allowed in ‘E-commerce’ through automatic route: Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) … Continue Reading →

RBI

100% Foreign Direct Investment is allowed in ‘E-commerce’ through Automatic Route

March 13, 2017 NewsTaxIndia0 comments1079 views