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Fake RBI social media demonetisation circular information. RBI advises bank and public not to rely onunsecured-unofficial social media channels. From yesterday, a fake circular/notification bearing serial number RBI/2016-17/166 purporting to be from RBI was in active circulation in social media channels (whatsapp, facebook accounts etc. ). According to …
Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016-Govt clears apprehensions Ministry of Finance 01-December, 2016 Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become …
Delhi HC-weddings cash withdrawal limits not unjustified and unwarranted as the rigid conditions apply only when payments exceeds Rs. 10000/- ABCAUS Case Law Citation: ABCAUS 1069 (2016) (11) HC Important Case Laws cited: Parisons Agrotech (P) Ltd. v. Union of India (2015) 9 SCC 657, Manohar Lal Sharma …
Imprest account not necessarily part of partner capital account as held by ITAT was based merely on partner’s statement without properly analysing the evidence-High Court ABCAUS Case Law Citation: ABCAUS 1068 (2016) (11) HC Brief Facts of the Case: The responding assessee was a partnership fir. The return …
Insolvency and Bankruptcy Application to Adjudicating Authority Rules 2016-Procedure for filing application by creditors and demand notice MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th November, 2016 G.S.R. 1108(E).—In exercise of the powers conferred by clauses (c), (d), (e) and (f) of sub-section (1) of section 239 …
Cash withdrawal limit from bank accounts-atm to be decided by RBI. Powers given to RBI including withdrawal from current account and ATM-Finance Ministry MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFAIRS) NOTIFICATION New Delhi, 30th November, 2016 S.O. 3599(E).—In exercise of the powers conferred by sub-section (2) of section …
Old Notes invalid for petrol-airtickets purchase from 03-12-2016. Earlier exemption was provided for purchase of airline tickets and petrol-Notification Notification of MoF dated 8th November, 2016 provided certain exemptions for the convenience of the members of public in carrying out certain emergent and urgent transactions using the specified …
SEBI Real Estate Investment Trusts Amendment Regulations 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/022 .─ In exercise of the powers conferred by section 30 of the Securities …
Online information-database access-retrieval services POPS Rules-2012 amendment in definition of telecommunication services The service tax is payable only with respect to services rendered within taxable territories which in turn signifies that the determination of place of services are of paramount importance in deciding the taxability of a service. …
National Anthem playing in cinema halls made mandatory. National Anthem be played before start of feature film and everyone must stand up-Supreme Court ABCAUS Case Law Citation: ABCAUS 1067 (2016) (11) SC A Division bench of the Hon’ble Supreme Court has today made plying of National Anthem in …
