Sunday, 1 October 2017
Sunday, 17 September 2017
MOU between Ministry of Corporate Affairs and CBDT
- Ministry of Corporate Affairs & CBDT has signed an MOU for automatic & regular exchange of info to curb menace of shell companies and black money in the country.
- It will enable sharing of specific info such as PAN data, statement of financial transactions received from banks relating to corporates.
- Info shared will pertain to Indian corporates as well as foreign corporates operating in India
Wednesday, 6 September 2017
OWNERS' EARNINGS IN FINANCE
The amount of cash that owners can take out of a business after all its cash requirements have been met. The concept of Owner's Earnings is similar to free cash flow, which measures the amount of cash a business generates after all its reinvestment needs - like capital expenditure - have been met successfully. Since it takes into account all cash payments that a business must make before it can pay its owners, owner's earnings can provide a better picture of owners' true income. The term is attributed to American investor Warren Buffet who uses it to arrive at the value of business.
Wednesday, 23 August 2017
Saturday, 15 July 2017
Education qualification for polls
- Rajasthan has become India's 1st state to lay down the minimum educational qualifications for contesting elections to village cooperative societies and other cooperative bodies.
- It will benefit around 10,000 cooperative and agricultural credit societies.
- Educational qualifications will range from Class V to Class VIII
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Monday, 10 July 2017
New Chief Election Commissioner
- Centre has named Election Commissioner Achal Kumar Joti as the next Chief Election Commissioner of India
- He will be the 21st Chief Election Commissioner of India
- He is an IAS officer from Gujarat cadre and has served as the Chief Secretary of Gujarat during Narendra Nodi's tenure as Chief Minister
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Thursday, 29 June 2017
Aadhaar - PAN linkage must from July 1st
The Income Tax Department on Wednesday issued a notification making it mandatory for all those eligible for an Aadhaar Card to link it to their Permanent Account Number (PAN) from July 1st. The notification also said that the Aadhaar numbers must be submitted to the Principal Director General of Income Tax (Systems).
About 2.07 crore taxpayers have already linked their Aadhaar with PAN, according to the government. There are currently 25 crore PAN card holders in the Country and 115 crore Aadhaar holders.
(Courtsey : The Hindu)
Please check the link below for Notification :
http://www.incometaxindia.gov.in/communications/notification/notification_56_2017.pdf
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