20 January 2020

Search Results for Tag : Payment


Rule 173G payment from CENVAT Account(06.08.2015)

The Supreme Court held in favour of an Assessee claiming payment from its CENVAT Account could be counted towards demand under Rule 173G of the Centra.....

Tags : excise, cenvat, duty, payment


A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)

Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....

Tags : Re-payment, loan, co-borrower, liability- joint & severable


A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)

Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....

Tags : Re-payment, loan, co-borrower, liability- joint & severable


Value of work entrusted to sub-contractors or payments made shall not be taken into consideration while computing total turnover(05.09.2016)

Assessee was doing business of engineers and contractors and in this process it, executed projects under contracts with public sector undertakings, lo.....

Tags : Payment, Sub-contractor, Inclusion, Total turnover


Maintenance of regular savings bank account and availing services provided by Bank covered under definition of consumer(11.11.2016)

Issue in present case is relating to deficiency in service on part of Bank in denying payment of cheque and resultantly, financial loss had been cause.....

Tags : Penalty, Cheque, Payment


Failure to cross examine witness on material portions of deposition must be taken as being truthful and credible(07.12.2016)

Plaintiff had filed present suit for a summary decree in sum of Rs.1,49,50,000/- with interest @ 18% p.a. on amount of Rs.1,00,00,000/¬ from .....

Tags : Agreement, Dues payment, Dishonour


Jurisdiction to Decree Specific Performance is Discretionary. Yet, Discretion of Court is Not Arbitrary but is “Sound and Reasonable”, to be “Guided by Judicial Principles”(21.02.2017)

Instant Appeal arises from a judgment rendered by a Single Judge of Madras High Court. Dismissing second appeal, Single Judge confirmed judgment of Pr.....

Tags : Payment, Specific performance


Eviction can be claimed on ground of default in payment of rent(22.05.2017)

Instant appeal is against judgment passed in eviction wherein suit filed by Respondent herein/Plaintiff was decreed holding that, Plaintiff was entitl.....

Tags : Rent, Payment, Default, Eviction


Insurance Company cannot repudiate claim in toto in case of loss of vehicle due to theft(13.07.2017)

Challenge in present Revision Petition under Section 21(b) of Consumer Protection Act, 1986 is to order passed by Maharashtra State Consumer Disputes .....

Tags : Compensation, Payment, Direction, Validity


An auction purchaser cannot be called upon to clear past arrears(27.07.2017)

In the facts of present case, City Union Bank Limited, Second Respondent issued a tender/sale notice under Securitisation and Reconstruction of Financ.....

Tags : Past arrears, Previous owner, Payment


Concept of notional valuation is not susceptible to monetary valuation(31.07.2017)

In present case, issue pertains to payment of Court fees under Maharashtra Court Fees Act. Plaintiffs i.e., Respondents, have filed respective suits f.....

Tags : Valuation, Court fees, Payment


Machinery provision which enables the Assessee to avail concession or benefit conferred by substantive provision in the Act need to be construed liberally(05.09.2017)

In facts of present case, The Appellant is the owner of the premises. It consists of two-storey building and some land appurtenant thereto ("the premi.....

Tags : Valuation, Premises, Tax, Payment


Interim relief paid by the Employer to its employees is not a "gift" or "inam", but is a part of wages(21.09.2017)

The judgment passed in Insurance Appeal by the High Court of Kerala is called in question in present appeal. By the impugned judgment, the High Court .....

Tags : Interim relief, Payment, Nature


For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)

In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....

Tags : Excess credit, Interest, Payment


A claimant for compensation ought not to be burdened with following a trail of successive transfers, which are not registered with registering authority(06.02.2018)

In instant case, an accident took place. By its award, the Tribunal granted compensation. The Tribunal noted that, the registration certificate of the.....

Tags : Compensation, Payment, Liability


Duty of state is to voluntarily pay gratuity amount to employee rather than to force him to approach court to get his genuine claim(23.03.2018)

Present appeal is against the final judgment passed by the High Court of whereby the High Court dismissed the appeal filed by the Appellant herein and.....

Tags : Gratuity, Payment, Direction


Bank cannot refuse any payment which is made by a loanee of outstanding amount(19.06.2018)

The appeal has been preferred against the order passed by the learned single Judge, who has exonerated the private Respondent from making further paym.....

Tags : Outstanding dues, Interest, Payment


Municipal taxes would be a part of the "rent" payable by tenant to landlord(09.08.2018)

Present appeal by special leave by the landlord is against the order passed by the Calcutta High Court. Proceeding were under the West Bengal Premises.....

Tags : Municipal taxes, Payment, Obligation


Railway administration is not liable to pay compensation, if passenger dies or suffers injury due to- suicide or attempted to suicide by him or self-inflicted injury(21.11.2018)

The Applicant has filed present claim petition under Section 16 of the Railway Claims Tribunal Act, 1987 seeking compensation for an amount of Rs. 4,0.....

Tags : Compensation, Payment, Exemption


Where a power is given to do a certain thing in a certain way, it must be done in that way or not at all(03.12.2018)

The Petitioner has prayed for setting aside the extract of the meeting minutes of the Micro & Small Enterprise Facilitation Council held on 12th march.....

Tags : Payment, Direction, Validity


When no order of punishment had been imposed, gratuity by way of punishment cannot be withheld(17.12.2018)

The present appeal has been preferred against the order, whereby the learned single Judge has declined to pass an order for payment of full gratuity w.....

Tags : Gratuity, Payment, Direction


Teacher is not an employee, he/she is not entitled to claim any gratuity amount from his employer under the Payment of Gratuity Act, 1972(07.01.2019)

This appeal is directed against the final judgment passed by the High Court whereby the Division Bench of the High Court dismissed the LPA filed by th.....

Tags : Gratuity, Payment, Direction


Authority has the power to impose the penalty, once breaches alleged against employer are proved(07.01.2019)

Two persons, filed their claim petitions before the competent authority under the Minimum Wages Act, 1948 ("the Act") against the Appellant. In these .....

Tags : Wages, Payment, Direction


Claimant cannot maintain a claim on basis of his own fault or negligence(31.08.2018)

National Insurance Co. Ltd. has filed present appeal challenging the judgment whereby the High Court has directed the Appellant-insurer to pay the com.....

Tags : Compensation, Payment, Direction, Validity


State Government is liable to make the payment of electricity and water bills in respect of hotels/accommodations, occupied by security forces(31.08.2018)

The simple and short grievance of the petitioners in these petitions is that, although their hotels came to be occupied by the security forces from 19.....

Tags : Charges, Payment, Liability


Insurer is liable to pay interest in case of delay beyond the timeline prescribed in Regulation(04.04.2019)

Present Petition under Article 226 of the Constitution of India, seeks a writ of mandamus to Respondent No. 1- Life Insurance Corporation of India (LI.....

Tags : LIC Policy, Payment, Delay, Interest


When Financial Creditor was pursuing its remedies in proper forum, there was continuous cause of action existed and debt cannot be considered as time barred(06.09.2019)

In facts of present case, Edelweiss Asset Reconstruction Company Limited, assignee of debt from original lender - UCO Bank (Assignor), filed Company P.....

Tags : Payment, Enforcement, Maintainability


Chit foreman authorized to recover amount of future subscription from defaulting subscriber(06.11.2019)

The issue which has arisen for consideration in the present Civil Appeal is with respect to the jural relationship between a chit fund entity and the .....

Tags : Defaulting subscriber, Payment, Recovery


Date of filing of affidavit is not starting point from when workman would become entitled to receive last drawn full wages(05.11.2019)

The grievance of the Appellant, who appears in person, is that under Section 17B of Industrial Disputes Act, 1947, he was entitled to payment of the l.....

Tags : Wages, Payment, Right to receive


Notifications & Circulars

Extension of date of direct tax payment in respect of third instalment of advance tax for FY 2019-2020(16.12.2019)

Considering the large-scale disruption of Internet Services in the North Eastern States-Assam, Tripura, Arunachal Pradesh, Meghalaya, Nagaland, Manipu.....

Tags : Extension, Date, Direct Tax payment


Furthering digital payments - Waiver of charges - National Electronic Funds Transfer (NEFT) system(16.12.2019)

A reference is invited to RBI circulars DPSS CO (EPPD)/98/04.03.01/2012-13 dated July 13, 2012 on National Electronic Funds Transfer (NEFT) System - R.....

Tags : Digital Payments, Waiver, Charges


Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators(17.09.2019)

Reserve Bank has today placed on its website a discussion paper on 'Guidelines for Payment Gateways and Payment Aggregators' for public comments. In t.....

Tags : Discussion Paper, Guidelines, Payment Gateways


Expanding and Deepening of Digital Payments Ecosystem(07.10.2019)

With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/UT Level Bankers Committees (SLBCs/UTLBCs) s.....

Tags : Expanding, Digital Payments, Ecosystem


Single Card for Seamless Travel through different Metros and Other Transport Systems, National Common Mobility Card - India's First Indigenously developed Payment Platform launched by PM in Ahmedabad(05.03.2019)

One Nation, One Card for transport mobility was launched by Prime Minister Narendra Modi at a function in Ahmedabad yesterday. The Indigenous Automati.....

Tags : Single Card, Seamless Travel, Payment Platform, Launch


Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) - PPIs upto Rs. 10,000 with loading only from bank account(24.12.2019)

1. Please refer to the Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated December 5, 2019 as also t.....

Tags : Digital payments, PPI, Introduction


IGST refunds-mechanism to verify the IGST payments for goods exported out of India in certain cases(17.06.2019)

The procedure for claiming IGST refunds is fully automated as provided under Instruction 15/2017-Cus dated 09.10.2017. It has come to the notice of th.....

Tags : Refunds-mechanism, Payments, Verification


Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)

1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....

Tags : Payments Bank, Small Finance Banks, Access


Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)

We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....

Tags : Post Payments, Bank, Inclusion


IGST Refunds-Mechanism to verify the IGST payments for goods exported out of India in certain cases(27.08.2019)

In an earlier Board's earlier Circular 12/2018-Customs dated 29.05.2018, an interim solution was provided to tide over the difficulty faced by exporte.....

Tags : Refunds-Mechanism, Verification, IGST payments


ESIC Signs an Agreement with SBI for Payments To ESIC Beneficiaries on Real Time Basis(03.09.2019)

A Memorandum of Agreement has been signed between the Employees' State Insurance Corporation (ESIC) and SBI today in accordance with which, the SBI wo.....

Tags : Agreement, Payments, ESIC Beneficiaries


Natural calamity - relaxation of grace period for payment of renewal premium in the State of Kerala and flood affected districts of Karnataka(29.08.2018)

It has come to the notice of the Authority that due to recent heavy rains and floods in the state of Kerala and Karnataka, normal life has been severe.....

Tags : Natural calamity, Relaxation, grace period, Payment, Renewal premium


Waiver of late fee paid under Section 47 of Central Goods and Services Tax Act, 2017 by the specified classes of taxpayers(04.09.2018)

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....

Tags : Late fee, Payment, Waiver


E-Pension Payment Order: New Step in the Right Direction(14.05.2018)

Furthering the Digital India-initiatives of Govt. of India, Principal Controller of Defence Accounts (Pensions), Allahabad has started issuance of ele.....

Tags : E-Pension, Payment Order, Issuance


Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)

Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had spe.....

Tags : Interest Rate, Payment, Operational Guidelines


Certain transitional issues arising with respect to payment of service tax after 30th June 2017(28.09.2017)

I am directed to refer to two such issues which have arisen in the above context and to state that these issues have been examined and the following c.....

Tags : Transitional issues, Service tax, Payment


Shri Giriraj Singh launches MSME Delayed Payment Portal - MSME Samadhaan(30.10.2017)

Union Minister of State (Independent Charge) Shri Giriraj Singh launched MSME Delayed Payment Portal - MSME Samadhaan (http://msefc.msme.gov.in) here .....

Tags : Payment Portal, MSME Samadhaan, Launch


Cabinet approves introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament(12.09.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill.....

Tags : Amendment, Gratuity, Payment, Approval


EPFO beneficiaries to get payment through electronic or digital fund transfer system(18.05.2017)

The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefit.....

Tags : EPFO beneficiaries, Payment, Digital fund transfer system


Need to move towards a mindset of voluntary compliance and payment of legitimate taxes - Finance Minister(26.12.2016)

Payment of due tax is a responsibility of every citizen; Coordination between the Central and the State administration is important for smooth transit.....

Tags : Taxes, Payment, Voluntary Compliance


Making Digital Payments a Mass Movement in India, Nearly 10 lakh Citizens Get Reward Money Over Rs.153.5 Crore for Embracing Digital Payments(21.02.2017)

It has been 58 days since the launch of NITI Aayog's two incentive schemes - Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital paymen.....

Tags : Digital payments, Movement, Reward


Determination regarding non-payment of sum by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund(15.03.2017)

In exercise of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees' Provident Funds and Miscellaneous Provisions Act,.....

Tags : Employer, Non-payment, Determination


Master Directions on Issuance and Operation of Prepaid Payment Instruments in India(20.03.2017)

As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing policy guidelines on Issuance and Operatio.....

Tags : Direction, Pre-paid payments, Operations


India Post Payments Bank Limited commences operations(30.01.2017)

India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....

Tags : Payments bank, Operation, Commencement


Steps Taken to Encourage Use of Digital Payment at Petrol Stations(06.02.2017)

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that the Ministry of P.....

Tags : Digital payments, Promotion


Measures for Promoting Digital Payments and Creation of Less-Cash Economy: Benefit of lower rate of Income Tax on digital turnover for small businesses(20.12.2016)

The benefit of lower rate of Income-tax on digital turnover for small businesses up to a turnover of Rs.2,00,000,00 (Rupees Two Crore), announced by t.....

Tags : Digital payments, Measure, Promotion


Clarification on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization"(29.11.2016)

Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25th November, 2016 on "Extension of grace period for payment of renewal .....

Tags : Renewal premium, Payment, Extension, Time period


Card Not Present transactions - Relaxation in Additional Factor of Authentication for payments upto Rs. 2000/- for card network provided authentication solutions(06.12.2016)

Reserve Bank of India has been taking a number of initiatives with the involvement of all stake holders to enhance safety and efficiency of the retail.....

Tags : Relaxation, Payments, Authentication, Card network


Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR(27.10.2016)

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 79 dated June 30, 2016 wherein the Rupee .....

Tags : Deferred payments, Protocols


Pay IT dues in advance at RBI or at authorised bank branches - December 2016(02.11.2016)

The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also sta.....

Tags : Payment, IT dues, Advance


Deferred Payment of Import Duty Rules, 2016(02.11.2016)

In exercise of the powers conferred by the proviso to sub-section (1) of sections 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Centra.....

Tags : Duty, Rules, Deferred payments


Non-payment of service tax by way of advancement of Yoga provided by entities registered under section 12AA of Income-tax Act, 1961(26.09.2016)

Whereas, the Central Government is satisfied that in the period commencing on and from the first day of July, 2012 and ending with the 20th day of Oct.....

Tags : Yoga, Advancement, Levy, Non-payment


Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march


INR spend limit at duty free shops raised(06.07.2016)

The Ministry of Finance raised the ceiling for payments at duty free shops at international airports from Rs. 5000 to Rs. 25,000.

In 2005,.....

Tags : duty free shops, payments, indian rupee


Advance Discharge Voucher(12.07.2016)

The Insurance Regulatory Authority of India tightened instructions for life insurers that issue advance discharge vouchers.

It now require.....

Tags : Advance discharge, life insurance, payment


RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)

The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....

Tags : Rbi, payments banks, approved, guidelines


Import-export payments facilitated by OPGSP(24.09.2015)

Reserve Bank of India has permitted AD Category-1 banks to offer the facility of repatriating import related remittances, in respect of import of good.....

Tags : Bank, import, remittance, online payment


RBI invites Applications for authorising Bharat Bill Payment System Operating Units(20.10.2015)

Reserve Bank of India has invited applications for authorization from entities engaged in bill payments and wishing to operate as a ‘Bharat Bill Payme.....

Tags : Repetitive, bill, payments, authorisation


General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)

The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....

Tags : Excise, e-payment, refund, rebate, authorised banks


RBI clarifications for start-ups(11.02.2016)

The Reserve Bank of India has issued clarifications relating to acceptance of payments and issue of shares by start-ups. The Bank reiterates, variousl.....

Tags : start-up, payments, shares, clarifications


Baggage Rules, 2016(01.03.2016)

The Central Board of Excise and Customs notified Baggage Rules, 2016 superseding Rules of 1998. The Rules provide limits on quantities of articles tha.....

Tags : baggage, customs, payment of duty


RBI seeks feedback on concept paper on Card Acceptance Infrastructure(08.03.2016)

The Reserve Bank of India is inviting comments on its read»


RBI Extends E-Payment Deadline and Banking Hours(30.03.2016)

Reserve Bank of India (RBI) has issued instructions wherein it has been decided that all agency banks shall keep counters of their designated branches.....

Tags : Reserve Bank of India, E-Payment


Bombay HC: Hospitals Can't Detain Patients over Non-Payment of Bills(06.04.2016)

Bombay HC has held that hospitals cannot detain patients for non-payment of bills and said, "If a patient does not pay, it can't be that the hospital .....

Tags : Bombay HC , Non-Payment of Bills, hospitals


Bombay HC Put Stay on Retrospective Roll-Out of New Bonus Payment Act(15.06.2016)

Bombay High Court has stayed the retrospective implementation of the recently amended Payment of Bonus Act in an ad interim verdict passed on 13th Jun.....

Tags : Bombay High Court, New Bonus Payment Act


CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)

Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....

Tags : Central Board of Direct Taxes , TDS, Payment System Companies


Kerala HC Stays Retrospective Effect of Payment of Bonus (Amendment) Act, 2015(29.01.2016)

Kerala High Court has stayed retrospective effect of Payment of Bonus (Amendment) Act, 2015.

Tags : Kerala High Court, Payment of Bonus (Amendment) Act, 2015


RBI: Small Finance Banks Can Join Payment System(23.12.2015)

Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....

Tags : Reserve Bank of India, payment system


President Gives Nod to SC and ST (Prevention of Atrocities) Amendment Act and others(08.01.2016)

President has given nod to Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Ac.....

Tags : Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Act; Commercial Courts,Commercial Division and Commercial Appellate Division of High Courts Act; Payment of Bonus (Amendment) Act, 2015


RBI Permits Banks to Use E-Payments for Imports(25.09.2015)

RBI, in order to facilitate e-commerce, has permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs), for import pay.....

Tags : RBI, E-Payments for Imports


Bombay High Court Directs SEBI to Inquire Role of FTIL in NSEL Payment Fraud(13.08.2015)

Bombay High Court has directed Security and Exchange Board of India(SEBI) to inquire role of Financial Technologies India Limited(FTIL) in Rs. 5574 cr.....

Tags : Bombay High Court,Security and Exchange Board of India,FTIL,NSEL Payment Fraud


RBI Clears 11 Payments Banks(20.08.2015)

Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....

Tags : Reserve Bank of India, Payments Banks


Cabinet Nods for Surcharge, Service Charge on Card Payments(25.02.2016)

Cabinet has approved introduction of steps for promotion of payments through cards and digital means, a move aimed at weeding out black money menace b.....

Tags : Cabinet, Card Payments


RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)

Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....

Tags : Reserve Bank of India, finance banks, payments banks, Guidelines


RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)

Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....

Tags : Reserve Bank of India, loan, repayment, Small Borrowers


President Promulgates Payment of Wages Ordinance(29.12.2016)

President of India has promulgated Payment of Wages (Amendment) Ordinance, 2016.

Tags : President, Payment of Wages, Ordinance


Delhi HC Seeks Government’s Reply over Non-payment of Fees to APPs(20.12.2016)

Delhi High Court has sought a report from Chief Secretary, Ministry of Law over non-payment of fees by Delhi Government to thirty-two Additional Publi.....

Tags : Delhi High Court, Additional Public Prosecutors, non-payment


President Assents Law to Pay Wages Via Cheque, E-Transfer(20.02.2017)

President Pranab Mukherjee has given assent to Payment of Wages (Amendment) Act, 2017 which enables employers to pay wages to workers through cheque o.....

Tags : Payment of Wages (Amendment) Act, 2017


Bombay High Court: Harassment for Loan Repayment Amounts to Abetment of Suicide(03.04.2017)

Bombay High Court while rejecting discharge pleas of two money lenders has said that continuous verbal and physical abuse and repeated demand for the .....

Tags : Bombay High Court, Loan Repayment, Abetment of suicide


Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)

Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.

Tags : RBI, Paytm Payments Bank


SC: Wages Withheld Due To Disciplinary Action Can’t Be Restored Under Payment of Wages Act(07.06.2017)

Supreme Court has held that prescribed authority under Payment of Wages Act(PWA) is not an appellate authority in disciplinary proceedings and therefo.....

Tags : Supreme Court, Payment of Wages Act


Govt: No Restriction on Cash Dealings of Above Rs 2 lakh for Credit Card Bill Payments(05.07.2017)

Revenue Department has said that restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business corresponden.....

Tags : Credit Card Bill Payments


Govt Increases Wage Ceiling Under Payment of Wages Act From 18,000 To 24,000(31.08.2017)

Ministry of Labour and Employment has specified Rupees Twenty Four Thousand per month as the wages under sub-section (6) of section 1 of the Payment o.....

Tags : Payment of Wages Act


RBI Refuses to Extend Deadline for PPIs to Complete Customer Verification(27.02.2018)

Reserve Bank of India (RBI) has refused to extend the 28 February deadline for prepaid payment instruments (PPIs) such as mobile wallets to complete k.....

Tags : Reserve Bank of India, prepaid payment instruments, know-your-customer


Lok Sabha Passes Bill to Enable Govt to Double Tax-free Gratuity to Rs 20 lakh(16.03.2018)

Lok Sabha has passed the Payment of Gratuity (Amendment) bill which seeks to empower the government to fix period of maternity leave and tax-free grat.....

Tags : Lok Sabha, Payment of Gratuity


Govt Paves Way for Tax-free Gratuity of up to Rs20 Lakh(23.03.2018)

Rajya Sabha has approved the Payment of Gratuity (Amendment) Bill, 2018, enabling the government to raise the limit of tax-free gratuity and to fix th.....

Tags : Rajya Sabha, Payment of Gratuity


ITAT Pune: Ex-Gratia Payment to Prematurely Retiring Employees Deductible Even in Absence of Scheme(30.08.2019)

Income Tax Appellate Tribunal (ITAT) Pune has ruled that the amount of ex-gratia payment to the prematurely retiring employees can be allowed as a ded.....

Tags : ITAT Pune, Ex-Gratia Payment


RBI Sets 24-hr Deadline to Bring Back Payment Data Processed Abroad(27.06.2019)

Reserve Bank of India (RBI) has observed that all payments-related data has to be stored within India and in cases where data gets processed abroad, i.....

Tags : RBI, Payment Data


Non Payment of Salary for Work Done by Virtue of Interim Order of Court Amounts to Begar: SC(21.01.2019)

Supreme Court has observed that non-payment of salary for work done by the employees who served by virtue of an interim order of a Court would tantamo.....

Tags : Supreme Court, Non Payment of Salary, Begar


Private Hospitals are Covered Under Payment of Gratuity Act : Kerala HC(23.01.2019)

Kerala High Court has held that private hospitals are covered under the Payment of Gratuity Act, 1972.

Tags : Kerala High Court, Payment of Gratuity Act


Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)

Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.

Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment


RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems(16.10.2019)

Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, w.....

Tags : RBI, Payment Systems


RBI Introduces New Prepaid Payment Instrument for Daily Grocery Payments(26.12.2019)

Reserve Bank of India has given consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily househ.....

Tags : RBI, Prepaid Payment Instrument


International Cases

Payment by employer to tax consultants to render assistance to expatriate employees is taxable ‘benefit or advantage’ as contemplated in the definition of ‘gross income’(06.09.2019)

The Appellant, BMW South Africa (Pty) Ltd (BMWSA), is part of the BMW Group (the Group) that manufactures and markets BMW vehicles and conducts worldw.....

Tags : Payment, Tax Consultant, Assessment, Legality


In matrimonial disputes, a spouse may have an obligation to make provision for the payment of other expenses; but an obligation to duplicate it in circumstances is most improbable(18.07.2018)

In facts of present case, Mr Mills (“the husband” notwithstanding his divorce from Mrs Mills, “the wife”, in 2002) appeals against an order for upwa.....

Tags : Periodical payments, Discretion, Obligation


Court’s discretion to determine that by whom and to what extent the costs of proceedings are to be paid must be exercised judicially(25.01.2018)

In facts of present case, the Respondent is the operator of a caravan park. The Appellants and the Respondent entered into a tenancy agreement in resp.....

Tags : Cost, Payment, Validity


Top Story

NPCI Gets Final Approval From RBI To Function As Bharat Bill Payment Central Unit(28.07.2017)

In a bid to further strengthen and regulate digital payments, the National Payments Corporation of India (NPCI), being an umbrella organisation for al.....

Tags : NPCI, Bill payment, Approval, Central Unit


Central Government Launches BHARAT QR Code for Encouraging Digital Payments(20.02.2017)

The Central Government has recently launched Bharat QR code, a Quick Response (QR) code to enable digital payments without card swiping machines. This.....

Tags : QR code, Launch, Digital payments


No SSNL-ing out of this security(15.01.2016)

The Sardar Sarovar Narmada Nigam Limited (Conferment of Power to Redeem Bonds) Act, 2008 being held invalid may bring rejoicing to those left feeling .....

Tags : Ssnl, premature payment, bond