307, 2015

Black Money Law – date of commencement 1-July-2015

By |July 3rd, 2015|Manufacturing Industries, Notices, Services Sectors|0 Comments

The date of commencement of the Black Money Act, 2015 has been changed from 1-April-2015 to 1-July-2015

2906, 2015

Basics of Black Money Law

By |June 29th, 2015|Banking and Finacial Services, Manufacturing Industries, Non Government Organization, Notices, Others, Services Sectors|0 Comments

Basics of the Black Money Law

Background-:

a) Like any other country, India has a sovereign right to levy tax on income in terms of aspect / nexus theory with India.

b) It has been codified by the Income Tax Act, 1961 and to be specific, section 4, 5, 6 and 9 of the Act.

c) It is a […]

1305, 2015

Taxing Subsidy

By |May 13th, 2015|Banking and Finacial Services, Blog, Manufacturing Industries, Non Government Organization, Notices, Others, Services Sectors|0 Comments

In a run up to Finance Act, 2015, the finance bill, 2015 has been amended on various counts and one of them is an amendment in definition of Income by inserting clause (xviii) in section 2(24), which read as under:-

“assistance in the form of subsidy or grant or cash incentive or duty drawback or […]

705, 2015

New Goods and Service Tax Regime.

By |May 7th, 2015|Manufacturing Industries, Services Sectors|0 Comments

Highlights of New Proposed Goods & Service Tax (GST)

1. The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian economy has various taxes on Goods and services such as VAT, Service Tax, Excise, Entertainment Tax, Luxury Tax Etc. now in the new Proposal of […]

2712, 2014

India getting techno savvy

By |December 27th, 2014|Banking and Finacial Services, Manufacturing Industries, Non Government Organization, Others, Services Sectors|0 Comments

High-speed internet to be ‘core utility’ as Digital India gets Cabinet nod: Business Standard Each Indian citizen will also get a unique ‘cradle to grave’ digital identity The Cabinet on Wednesday approved a blueprint for the Digital India programme, which envisages all government services be delivered electronically by 2018. It also seeks to provide unique identities to all citizens.

The programme aims […]

2712, 2014

RTGS New timing – 8 am to 8 pm.

By |December 27th, 2014|Banking and Finacial Services, Manufacturing Industries, Non Government Organization, Others, Services Sectors|0 Comments

Ladies and Gentlemen,

RTGS new timing – 8 am to 8 pm.
________________________
Financial and Legal Doctor

S. A. Limaye & Co.