News Update

ACC approves senior level appointmentsPressure mounts on Centre to cut excise duty on Petrol & Diesel prices; Some States may follow suit but not TNPublic Notice No. 33/2018 - Teething troubles faced by importers (See 'TOG INSIGHT' in 'Taxongo.com')CX - Valuation -S.4 of CEA, 1944 - Price prevailing for sale at depot immediately 'prior' to clearance from factory gate was to be adopted: CESTATThe new AEO SchemeI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCForeign Players Participating in IPL - Hit by GST?ST - Site Transfer activity involves processing of goods not amounting to manufacture and, therefore, same are taxable under 'BAS' - services partly performed outside India is also export - rebate available: CESTATGovt working on solution to rise in fuel prices, says PradhanGST Council holds joint meeting with CST & SGST officials in Hyderabad; happy with close coordinationOMCs hike diesel price by 26 paisa & Petrol price by 33 paisa per litre from todayGovt aims at reducing dwell time to 24 hours at ICD, say Mumbai Chief CommissionersWTO Members debate over fisheries subsidiesPM dedicates Kishanganga Hydro Project to Nation in SrinagarYeddyurappa Govt resigns before floor test; CM delivers emotional speechDemocracy under lens - SC orders live telecast of floor test in Karnataka Assembly todayI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCE-way bill required for supplies within Union Territories w.e.f 25.05.2018I-T - Income surrendered during search can be set off against business loss for AY 2013 -14 as amendment in Sec 115BBE is operative only from AY 2017-18: ITATACC clears Jharkhand Cadre IAS Amit Khare as new I&B Secretary + Anup Wadhawan to take over as Commerce Secretary + Dr M M Kutty to be new Petroleum SecretaryData Security & Privacy - Parliamentary Panel invites inputsBRICS Summit - India calls for judicious use of resourcesUS Trade Deficit - Trump flays ChinaI-T - If any industrial undertaking avails benefits under Ss 80-IA & 80-IB, it is still entitiled to avail Sec. 80-IC benefits: SCGSTR-3B - Govt extends deadline till May 22AP Govt looking for deputationists for GST postsGoyal reviews coal supply to power plantsDate for mandatory digital payment through e-MPS is extended to 01.06.2018Testing of Samples at outside laboratories - more entities addedSuspension of inter-state E-Way Bill on or after February 2, 2018 - a myth?GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?
Untitled Document
SAVINGS SCHEME NOTIFICATION
8% Savings Scheme folds up
Govt notifies Electoral Bond Scheme for political funding

Senior Citizen Savings Scheme Rules amended to make it 50 years in place of 'irrespective of the above age limit'

National Savings Time Deposit - Rule 5 amended to make 100 as 200

National Savings Monthly Income Account Rules amended to substitute 100 by 1500

National Savings Certificate - Lesser benefit if resident becomes non-resident

NSC interest Rates revised

KVP interest rates revised

Rates for FDs in post office revised

8.3 % rate notified for Sukanya Scheme

Post office (Monthly Income Account) Rules, 1987 amended to notify 7.5% rate

Senior Citizen Savings Scheme - 8.3% Rate of interest after July 1, 2017 notified

Post Office Recurring Deposit Rules amended to reduce interest rate

Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in small Savings scheme
Revision of interest rates for Small Savings Schemes
Revision of interest rates for Small Savings Schemes-discontinuation of physical pre-printed NSC and KVP certificates - regarding
North Block notifies 8.1% interest rate for General Provident Funds
Govt notifies establishment of Senior Citizen Welfare Fund; Huge amount of unclaimed funds lying with PPF, post office schemes and others to be transferred to New Fund
Govt notifies Sukanya Samriddhi Account Rules
Revision of interest rates for Small Savings Schemes.
Sr Citizens Savings Scheme amended
Sr Citizen Savings Scheme - 9.3% interest rate fixed
9.2% interest rate fixed for Sukanya Samriddhi Scheme
8.7% interest rate notified for Fiscal 2015-16
Govt notifies Sukanya Samridhi Account Rules, 2014
Public Provident Fund - Interest rate hiked to 8.7%
National Savings Certificates (IX Issue) - Rate of interest hiked
National Savings Certificates (VIII Issue) - Rate of interest hiked
National Savings Certificates (IX Issue) Rules, 2011 Notified
Post Office (Monthly Income Account) Scheme - Rate of interest hiked
Senior Citizen Savings Scheme - Rate of interest hiked
Post Office Recurring Deposit Scheme - Rate of interest hiked
Post Office Deposit Scheme - Rate of Interest hiked from April 1, 2014
Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 - Amendments in Rules
Senior Citizen Savings Scheme: Rule amended to allow spouse if sole nominee, to continue account
Notification
MoF notifies 8% interest rate for Savings (Taxable) Bonds, 2003