Guidelines on lending to priority sector for Primary (Urban) Cooperative Banks (UCBs)

The Reserve Bank of India Vide its Notification RBI/2017-18/175 dated 10th May 2018 has revised the guidelines on lending to priority sector for Primary (Urban) Co-operative Banks the salient features of it are as follows: (i) Target for lending to total priority sector and weaker section will continue as 40 per cent and 10 per cent, respectively, of [...]

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Recommendations of GST Council

The Press Information Bureau in its Press Release dated 04-05-2018 gave approval for new return design and the key elements of it are as follows: i) One Monthly Return in [...]

Waiver of Late Fee payable on GSTR 3B

The Central Board of Excise and Customs Vide Notification No 22/2018 dated 14th May 2018 has waived the late fee payable on failure to furnish return in FORM GSTR 3B by the [...]

Prohibition on dealing in Virtual Currencies (VCs)

The Reserve Bank of India Vide Notification No RBI/2017-18/154 DBR.No.BP.BC.104 dated 6th April 2018 decided that with immediate effect, entities regulated by the Reserve Bank [...]

Extension of due date for linking PAN with Aadhar

The Central Board of Direct Taxes Vide Order F.No 225/270/2017/ITA.II dated 27/03/2018 had extended the due date for linking PAN with Aadhar Card till [...]

Applicability of Standard Deduction under Section 16 of the Income Tax Act

The Central Board of Direct Taxes Vide Press Release dated 05th April 2018 clarified that taxpayer who is in receipt of pension from his former employer shall be entitled to [...]

Exemption from payment of tax under Section 9(4) of CGST Act,2017

The Central Board of Excise and Customs Vide Notification No 10/2018 dated 23/03/2018 exempted the registered taxable person from payment of Goods and Services Tax under [...]

RBI Hikes Investment Limits For FPI’S in Govt. Securities

The limits for investment by foreign portfolio investors (FPIs) in Government securities were last increased in terms of Medium Term Framework (MTF) announced vide A.P. (DIR [...]

Companies to Disclose Demonetisation Transaction in Balance Sheet and Audit Report

Demonetisation – COMPANIES ACT, 2013 – AMENDMENT IN SCHEDULE III NOTIFICATION NO. GSR 308(E) [F.NO.17/62/2015-CL-V-(VOL.I)], DATED 30-3-2017 In exercise of the powers [...]

Which ITR You Should Opt for AY 2017-18?

Every year CBDT notifies new income-tax return (ITR) forms. In 2016 the CBDT had notified the ITR Forms at the end of March, 2016 and it deviated from its past practice of [...]

CBDT Enables Linking of Pan With Aadhar in case of Name Mismatch

PRESS RELEASE Income Tax Department simplifies linking PAN with Aadhaar. The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. [...]

Foreign Exchange Management (Transfer or Issue of Security By a Person Resident outside India

Notification No. FEMA. 387/2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 In [...]

Key changes in ITR Forms for AY 2017-18

The CBDT has notified new income-tax return forms (ITR forms) for the assessment year 2017-18. It has prescribed simplified version of ITR-1 with fewer columns. A new column [...]

Authorities Under DVAT Cannot Delay the Refund Claim by Exercising the Revisionary Power:HC

VAT: Revisionary power conferred under section 74A of Delhi VAT Act cannot be exercised by Commissioner to delay refund claim of assessee, such an act would result in abuse of [...]

Episode Choose Your Story Pretty Little Liars Cheat Codes

Not only has the ability to this game bring users the opportunity to instruct his or her personal tales but it also accepts these to proceed through a huge selection of tales [...]