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Category Archives: PIB
The Union Budget 2014-15 : Point by Point
Union Finance Minister Sh. Arun Jaitely presented the Narendra Modi’s Government’s maiden Union Budget for the F.Y. 2014-15 on 10th July 2014. The Key highlights of the same are given below. FM: Two years of sub-5% growth has resulted … Continue reading
Salary credit to non-resident external rupee account not taxable
Indian employees working overseas often face litigation over taxation of their overseas salary income, if such salary is received in India. This is because a non-resident can be subjected to tax in India on that portion of the income … Continue reading
Posted in PIB
Tagged Indian employees working overseas, NRE, NRI, The Income Tax Appellate Tribunal
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Vote on Account 2014-15 Presented by the Finance Minister Mr. P Chidambram
Finance Minister Mr. P Chidambaram is presenting the Vote of Account for the first four months of the Fiscal Year 2014-2015. The Highlights of the same are given below. FM P Chidambaram begins budget speech in Lok Sabha amidst … Continue reading
Posted in PIB
Tagged Finance Minister, Interim Budget, Ministry of Finance, Vote of Account 2014
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Suspension of submission of Bills of Entry on ICEGATE On account of Vote on Account 2014
Central Board of Excise and Customs notified that “On account of Vote on Account 2014, submission of Bills of Entry on ICEGATE will be stopped from 5.00 PM on 17.02.2014 till the changes brought under Vote on Account are … Continue reading
Railways Vote on Account 2014 : Full Text of Interim Railway Budget 2014
Union Railway Minister Mallikarjun Kharge presented the Railways Vote on Account for the first 4 months of the fiscal year 2014-15 in this election year amid heavy shouting in the parliament today. Due to heavy protest and shouting from … Continue reading
Posted in PIB
Tagged Interim rail Budget 2014, Ministry of Railways, Railways Vote on Account
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ICAI Moots Changes in Accounting Standards for More Transparency
In order to bring in greater transparency and clarity in financial reporting by India Inc, a slew of changes to the Indian Accounting Standards (Ind AS) has been mooted with respect to the presentation of financial statements, interim financial … Continue reading
SMS to be Accepted Soon by Government Departments as Valid Document
Dated 24th December 2013 People may soon be able to use SMS communication with government departments as a documentary proof while utilizing citizen-services for making payments, registrations and various other schemes. The Centre on Monday, 23rd December 2013 launched a … Continue reading
Last Date for Obtaining License / Registration for All Existing Food Business Operators is 4th February, 2014 and Date will not be Extended Any Further
Dated 16th December 2013 The Food Safety and Standards Authority of India (FSSAI) has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food related issues in various Ministries and … Continue reading
Green Bonds Issue By The International Finance Corporation- World Bank
Dated 18th October 2013 The IFC Green Bond program supports one of IFC’s strategic priorities to develop and promote innovative financial products that attract greater investments to climate-related projects. As of April 2013, IFC medium term Green Bonds have raised $2.2 … Continue reading
World Bank Lowers India’s GDP Growth Forecast to 4.7%
Dated 17th October 2013 The World Bank has lowered India’s GDP growth forecast for the current fiscal to 4.7% from its April projection of 6.1%. However, according to the latest India Development Update of the bank, the recent global market … Continue reading
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