Justice JS Khehar sworn in as Chief Justice of India
As reported by ANI, Justice JS Khehar has been sworn in as the new Chief Justice of India. He will be the
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Prof. David R. Syiemlieh appointed Chairman, Union Public Service Commission
The President has appointed Prof. David R. Syiemlieh, Member, Union Public Service Commission, to perform the duties of the post of Chairman,
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State of Nagaland declared ‘disturbed area’, AFSPA invoked
S.O. 4223(E).—Whereas the Central Government is of the opinion that the area comprising the whole of State of Nagaland is in such a
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Discretion of the consumer to pay service charge, can be waived if unhappy : Department of Consumer Affairs
A number of complaints from consumers have been received that hotels and restaurants are following the practice of charging ‘service charge’ in
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Cabinet approves International Solar Alliance (ISA): Signing of the Framework Agreement
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its ex-post facto approval to the proposal of Ministry
Continue readingCentral Board of Direct Taxes signs 2 Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs). The
Continue readingDaily limit of cash withdrawal from ATMs enhanced to Rs 4500 per day per card
Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016
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Direct Tax Dispute Resolution Scheme, 2016 extended up to 31st January, 2017
In view of the representations received from various stakeholders and for the convenience of the taxpayers, the last date for availing the
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High Level Committee constituted to review Institutionalization of Arbitration Mechanism in India
Justice Dispensing System in India has come under great stress for various reasons including huge pendency of cases in various courts. The
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Comments invited on the Report of Financial Redressal Agency
In his Budget Speech of 2015-16, the Union Minister of Finance and Corporate Affairs Shri Arun Jaitley had announced the creation a
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Major policy initiatives and achievements of Ministry of Corporate Affairs in 2016
Following are the major Policy Initiatives and Achievements of the Ministry of Corporate Affairs, Government of India during the Year 2016: 1.
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DoPT issues fresh guidelines on Sexual Harassment of Women at Workplace
The Minister for Women and Child Development, Smt. Maneka Sanjay Gandhi, had held a review meeting on implementation of Sexual Harassment of
Continue readingComments invited on the Report of Watal Committee on Digital Payments
After approval of the Cabinet, the Guidelines for the promotion of payments through cards and digital means were issued on February 29,
Continue readingReporting Cash Transactions under Rule 114E of Income Tax Rules, 1962
Rule 114E of Income Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from 1st April,
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Benefit of lower rate of income tax on digital turnover for small businesses
Measures for Promoting Digital Payments & Creation of Less-Cash Economy: Benefit of lower rate of Income Tax on digital turnover for small
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Justice J.S. Khehar appointed Chief Justice of India
The President in exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India appointed Justice Jagdish
Continue readingAmounts in excess of Rs 5000 in old notes can be deposited only once between 19th and 30th December, 2016
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes (Specified Bank Notes) – Deposit of Specified Bank
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Government to reduce existing rate of deemed profit under S. 44-AD of IT Act in respect of amounts/receipts through banking channel/digital means
Under the existing provisions of Section 44AD of the Income Tax Act, 1961 (the Act), in case of certain assesses (i.e. an
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Rights of Persons with Disabilities Bill, 2016 passed by Parliament
The Lok Sabha on 16.12.2016 passed “The Rights of Persons with Disabilities Bill – 2016”. The Bill will replace the existing PwD
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Pradhan Mantri Garib Kalyan Deposit Scheme, 2016, notified
The Taxation Laws (Second Amendment) Act, 2016 has come into force on 15th December, 2016. The Taxation and Investment Regime for Pradhan
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