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No debit transfer withdrawals in non KYC compliant bank accounts with balance of 5 lakhs+ or 2 lakhs deposits after 09-11-2016-RBI Reserve Bank of India Compliance to provisions of Master Direction on Know Your Customer (KYC) RBI/2016-17/183 DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016 All Regulated Entities Dear Sir/Madam, Compliance to …
Unpaid audit fee was not income u/s 41(1) even if confirmation letter not produced as no expenditure was claimed in the current year-ITAT ABCAUS Case Law Citation: ABCAUS 1084 (2016) (12) ITAT Brief Facts of the Case: The assessee was a Government Corporation. In the balance sheet of …
e-Payment System for Airport Parking Charges. Airports Authority of India instruction for evolving mechanism of e-payment transactions Ministry of Civil Aviation Dated: 15th December, 2016 Press Release Digital Payment System For Parking Charges At Airports Airports Authority of India (AAI) has issued directions to the respective Car Parking …
NITI Aayog-Lucky Grahak Yojana Digi-dhan Vyapar Yojana to promote and incentivize electronic payments. First draw on 25-12-2016 as Christmas gift NITI Aayog 15-December, 2016 NITI Aayog announces launch of the schemes – Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana-for incentivising digital payment Government of India has initiated numerous …
Export warehousing facility extended to Ahmedabad Gujarat. Places where warehouses may be established to store excisable goods for export Circular No. 1051/39/2016-CX F. NO. 209/10/2013-CX.6 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS North Block, New Delhi Dated the 15th of …
Bank Lending and Loan Quality-Case of India. RBI Working Paper analyses how non-performing loans NPLs of Indian banks behave through the cycle Reserve Bank of India Dated: 14th Dec, 2016 Bank Lending and Loan Quality: The Case of India The Reserve Bank of India today placed on its …
Wanton breach of law-procedures evidence of corruption. Criteria on misconducts of officers with quasi-judicial functions-powers-CVC circular Central Vigilance Commission Satarkata Bhawan, G.P.O. Complex, Block-A, INA, New Delhi 110023 Dated: 24th Oct.2016 No. 007/VGL/054 Circular No. 12/2016 Subject: Criteria to be followed while examining the lapses of authorities exercising …
Report Card on GST Implementation-Govt lost no time in implementing the GST so far. Important decisions taken in the last six Meetings of GST Council Ministry of Finance Dated: 14th Dec, 2016 Press Release Report Card on GST Implementation; Government of India lost no time in implementing the …
Airport security checks not issues of prestige-Supreme Court quashes Rajasthan High Court order to grant exemption to HC Judges and direction to UOI to form National Security Policy ABCAUS Case Law Citation: ABCAUS 1083 (2016) (12) SC Brief Facts of the Case: A Division Bench of the Rajasthan …
ITBA e-Nivaran Income Tax Instruction No. 3 by Directorate of Systems. Enhancements and improvements made to e-Nivaran Module , Directorate of Income Tax (System) has issued e-Nivaran Instructions to all Income Tax Commissioners (PrCIT/CCsIT/DGIT etc.) on the enhancements and improvements made to e-Nivaran Module. The Instruction, among other things, provides …
