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Cabinet approves acquisition of subsidiary banks of SBI

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala and State Bank of Travancore The Cabinet also

5.27 lakh taxpayers submit their online response to cash deposit notice

Operation Clean Money by IT Dept gets overwhelming response More than 5 27 lakh taxpayers submitted their response till 12th February 2017 Last date for the submission of online response extended up to 15th February 2017 The IncomeTaxDepartment ITD had initiated Operation Clean Money on 31st January

Harsh punitive action to be taken against Shell Companies

Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts striking off the names of dormant companies invocation of Benami Transactions Prohibition Amendment Act 2016 A Task Force set up under the Co chairmanship of the Revenue Secretary and Corporate

Cash withdrawal limit increased to Rs 50000 from 20th feb and removed from 13th March

Removal of limits on withdrawal of cash from Saving Bank Accounts RBI 2016 17 224 DCM Plg 3107 10 27 00 2016 17 All Banks Dear Madam Sir Removal of limits on withdrawal of cash from Saving Bank Accounts Please refer to ourcircular DCM Plg 2905 10 27 00 2016 17 dated January 30 2017on the captioned s

Maximum Rs 2000 cash donation allowed to political party

Budgets thrust on stimulating growth relief to Middle Class Affordable Housing Curbing Black Money promoting Digital Economy transparency of Political Funding and simplification of Tax Administration Government committed to eliminate Black Money component from the economy MSME companies to pay incom

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Fraud balance sheet submitted in roc

the judgement debtor in my recovery cases has filed fraud balance sheets in ROC what can be done part from criminal action under penal code and an application for section 447 in CLB pls guide

Deposit of specified bank note(old notes) in bank a/c

Respected Sir Madam Please help me in the following matter Can i deposit specified bank notes old notes of 500 100 in to a bank account after demonetisation period under Pradhan Mantry Garib Kalyan Yojna PMGKY scheme For your kind information I had a cnoversation with income tax department on helpli

Bank finance

i need project report for fly ash plant sir provide formate

About Bank deposit

Respected sir I earn RS 5200 pm from an office job recently I have sold a land for RS 7 lakh and I have a FD of RS 1 lakh running My question is if I put that 7 lakh amount on 7 separate banks as FD of 1 lakh each then will TDS be deducted from any of the bank or ITDept as my total interest receipt

How to treat joint bank loan in income tax file

Mr A B are joint owners of a ancestral land A loan of 12 00 lac was taken from a bank jointly for construction of bank building and the said building was leased to bank on a monthly rent of Rs 12 000 p m which is deposited directly by the bank into a joint Saving bank a c of A B And from this said S


Bank Guarantee to be filed in ROC or not

Dear Experts Please advice If a pvt ltd co gives bank guarantee to any party then is it mandatory to file or intimate to ROC also for the same

How to prepare banking law & practices paper.

Dear friends please tell me how will i prepare banking law practices paper of cs professinal programe for june 2017 and which book i refer for the above thank you

Banking company accounts & taxation


Opening of bank account by mosque

Cud you please tell the documents to be collecte for opening bank accounts in the names of mosque temple Is PAN is mandatory under income tax act


Hi we got commission through NEFT if i pass this entry as a Contra so there are no effects in P L As a indirect income similarly i paid rent through NEFT payment How can solve this problem Please reply ASAP Thanking you

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Unwritten rules for those who want to thrive at workplace

We all want to flourish at work and be recognized as a high performer Although many of us put in enough effort towards the goal but at times the rewards and recognition are just below par This articleintends to throw light on key pointers one must follow in a corporate environment If it doesnt make

Clash of Cash: 7 Questions by Tax Officer v/s Cash Depositor

Arjuna Fictional Character Krishna after 1st February 2017 the Income tax Department is sending tax notices to the taxpayers through e mails and SMS How taxpayers will reply to these notices and why are these notices sent to persons who have deposited cash in bank accounts please explain in detail K

The Insolvency and Bankruptcy Code 2016 - A dawn of new era

POSITION ON INSOLVENCY BEFORE INTRODUCTION OF THIS CODE The Existing insolvency laws and laws relating to recovery of loans enacted for the purpose of companies and banks namely the Sick Industrial Companies Act The Recovery of Debt Due to Banks Financial Institutions Act the Securitization and Reco

Code of conducts under Insolvency and Bankruptcy Board of India Regulations, 2016

Insolvency and Bankruptcy Board of India Insolvency Professionals Regulations 2016 The Insolvency and Bankruptcy Board of India has issued the Notification on Insolvency and Bankruptcy Board of India These Regulations shall come into force on 29th November 2016 The purpose of the Act is to build up

Overview on Insolvency and Bankruptcy Code, 2016

style2 text align justify Introduction The Insolvency and Bankruptcy Code 2016 was passed by Lok Sabha on May 05 2016 and Rajya Sabha on May 11 2016 It is now awaiting assent of the President of India Once The President Signs the legislation India will have a new Bankruptcy Law The average time to r

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Updated on : 2/24/2017 1:07:10 AM

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