Cabinet approves MoU between India and Afghanistan on Cooperation in the Peaceful Uses of Outer Space
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the MoU between India
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Meeting of BRICS Heads of Revenue and Experts on Tax Matters, Mumbai: Joint Communiqué
The Heads of Revenue of the BRICS countries, namely, the Federative Republic of Brazil, the Russian Federation, the Republic of India, the
Continue readingPayments above Rs. 5000 by govt. depts. to be made through e-payment
In order to attain the goal of complete digitization of Government payments, the Ministry of Finance, Government of India has again reviewed
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14 Coastal Economic Zones identified
The National Perspective Plan of the Sagarmala Programme has identified two maritime clusters for development, one in Tamil Nadu and other in
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Government employees asked to take the lead and maximize usage of Debit Cards for personal related transactions instead of cash
In the recent years, advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large
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Cabinet approves liberalization, simplification and rationalization of visa regime in India
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for liberalization, simplification and rationalization of the
Continue readingPoint of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017
The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along
Continue readingMeasures initiated by RBI to prevent fraudulent use of debit cards
RBI has informed that number of debit cards outstanding at the end of August 2016 was 71.2 crore. RBI has informed that
Continue readingClarifications with respect to gold jewellery under Income Tax Law
In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are
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The Taxation Laws (Second Amendment) Bill, 2016 passed in Lok Sabha
As reported by Times Now, the Lok Sabha passed the Taxation Laws (Second Amendment) Bill, 2016. The government proposed to levy total
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Justice Nishita Nirmal Mhatre appointed Actg. CJ, Calcutta High Court
The President in exercise of the powers conferred by Article 223 of the Constitution of India, appointed Justice Nishita Nirmal Mhatre, senior-most Judge of
Continue reading‘Ease of Doing Business’ enhanced for Importers & Exporters by reducing physical print-outs/paper documents for customs clearance
The “Ease of Doing Business” will be further enhanced for the Importers and Exporters by reducing/eliminating physical printouts for customs clearance. The
Continue readingAppointment of Addl. Judges, Rajasthan High Court
The President in exercise of the powers conferred by clause (1) of Article 224 of the Constitution of India appointed S/Shri Sanjeev Prakash Sharma,
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Draft Model GST Law, Draft IGST Law and Draft Compensation Law placed in public domain for information of trade, industry and other stake holders
The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval
Continue readingCBDT signs 4 Unilateral Advance Pricing Agreements pertaining to various sectors of economy including pharmaceuticals, Information Technology & construction
The Central Board of Direct Taxes (CBDT) has entered into four more unilateral Advance Pricing Agreements (APAs) on 22nd and 23rd November,
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India signs contract with International Seabed Authority for Exploration of Polymetallic Sulphides in Indian Ocean
A contract was signed with International Seabed Authority for Exploration of Polymetallic Sulphides in Indian Ocean on 26th September, 2016 in New
Continue readingCash withdrawal for wedding restricted to Rs 2.5 lakhs along with stiff conditions
Please refer to our Circular No. DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject. 2. With a view to enable members
Continue readingIndia and UK sign 3 Bilateral Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) signed three (3) Bilateral Advance Pricing Agreements (APAs) here today taking the total number of
Continue readingIndia and Cyprus sign revised Double Taxation Avoidance and the Prevention of Fiscal Evasion Agreement
A revised Agreement between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal evasion (DTAA) with respect
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Justice Khehar nominated as Executive Chairman, National Legal Services Authority
S.O. 3481(E).—The President in exercise of the powers conferred under clause (b) of sub-section (2) of Section 3 of the Legal Services Authorities
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