TaxIndiaUpdates In

RBI Release FQAs on Foreign Investments in India and FEMA

February 16, 2017 TaxIndiaUpdates In0 comments6093 views

RBI Release FQAs on Foreign Investments in India & FEMA: These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the … Continue Reading →

Personal Finance

FAQs on Benefits of Debit Card Activation & Further Concession on Digital Transactions

February 16, 2017February 16, 2017 TaxIndiaUpdates In1 comments3368 views

In line with the Central Government’s objective of promotion of payments through cards and digital means over payments in cash, the Reserve Bank of India (RBI) has recently rationalized customer charges for transactions up to Rs. 1000/- settled on Immediate Payment Service (IMPS), Unified Payments … Continue Reading →

Personal Finance

Modi Government’s Eyes on Unregulated Deposit Schemes to save Financial Interest of Common Man

February 16, 2017 TaxIndiaUpdates In0 comments4865 views

Public Comments on “Banning of Unregulated Deposit Schemes and Protection of Depositors Interests Bill 2016″ INVITATION FOR COMMENTS A copy of the “Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015”, along with the Report of the Inter-Ministerial Group (IMG) for … Continue Reading →

Personal Finance

Senior Citizens Welfare Fund Rules 2016

February 16, 2017 TaxIndiaUpdates In0 comments6060 views

Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 18th March,2016 NOTIFICATION G.S.R (E) In exercise of the powers conferred by section 128 of the Finance Act, 2015, 20 of 2015 the Government hereby makes the following rules, namely:- Short … Continue Reading →

Personal Finance

New Regulations for Recruitment of LIC Agents in respect of Life Insurance Business

February 10, 2017 TaxIndiaUpdates In1 comments12139 views

New Regulations for Recruitment of LIC Agents in respect of Life Insurance Business LIFE INSURANCE CORPORATION OF INDIA (AGENTS) REGULATIONS, 2017 , DATED 2-2-2017] In exercise of the powers conferred under section 49 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Life … Continue Reading →

Budget 2017

Electoral Bond: A New System to Develop Transparency in Political Funding

February 7, 2017February 7, 2017 TaxIndiaUpdates In0 comments5224 views

Electoral Bond: A New System to Develop Transparency in Political Funding In order to discourage the cash transactions and to bring transparency in the source of funding to political parties, it is proposed in finance Bill 2017 to amend the provisions of section 13A to … Continue Reading →

Budget 2017

Changes proposed in Central Excise Law by Union Budget 2017-18

February 3, 2017 TaxIndiaUpdates In0 comments5299 views

Changes proposed in Central Excise Law by Union Budget 2017-18 Note: “Basic Excise Duty” means the excise duty set forth in the First Schedule to the Central Excise Tariff Act, 1985. A. AMENDMENTS IN THE CENTRAL EXCISE ACT, 1944: S. No. Amendment Clause of the … Continue Reading →

Budget 2017

Changes made in Direct Tax Law by Union Budget 2017-18

February 2, 2017February 7, 2017 TaxIndiaUpdates In4 comments18588 views

Changes made in Direct Tax Law by Union Budget 2017-18 A. RATES OF INCOME-TAX Rates of income-tax in respect of income liable to tax for the assessment year 2017-18. No change in basic exemption limit. The tax rate for individual, HUF, AOP, BOI or artificial … Continue Reading →

Budget 2017

Changes in Service Tax by Union Budget 2017-18 (Finance Bill 2017)

February 1, 2017February 1, 2017 TaxIndiaUpdates In0 comments10974 views

Changes in Service Tax by Union Budget 2017-18 (Finance Bill 2017) A. Changes/Amendments related to Negative List The Negative List entry in respect of “services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor for human consumption”, … Continue Reading →

Budget 2017

Finance Bill 2017

February 1, 2017February 3, 2017 TaxIndiaUpdates In0 comments8146 views

The Finance Bill 2017 (BILL No. 12 OF 2017) Click Here to Download Complete Set of Budget 2017 Finance Bill 2016 Memorandum Explaining the Provisions in The Finance Bill, 2016 Previous Union Budget 2014-2015 2014-2015(I) 2013-2014 2012-2013 2011-2012 2010-2011 2009-2010 2009-2010(I) 2008-2009 2007-2008 2006-2007 … Continue Reading →