Ashu institute of commerce

REGISTRATION STARTS...

For class XII AND CLASS XI.

ACCOUNTS
ECONOMICS
BUSINESS STUDIES
ENTREPRENEUR SHIP...

INFORM YOUR NEAR AND DEAR ONES.
For further information, contact us..
+ 91-9783310077, 9829104139.

www.b.com

REGISTRATION STARTS...

For class XII AND CLASS XI.

ACCOUNTS
ECONOMICS
BUSINESS STUDIES
ENTREPRENEUR SHIP...

INFORM YOUR NEAR AND DEAR ONES.
For further information, contact us..
+ 91-9783310077, 9829104139.

Happy New year to all..

B.com
1st year
²nd year
3 rd year

M.com clasees

New batches starts from Monday 12-12-2016.
Inform your dear and near ones.

BENAMI TRANSACTIONS (PROHIBITION) Amendment Act, 2016
***********************************************************************************

• The Benami Transactions (Prohibition) Amendment Act, 2016 has come into force with effect from November 1, 2016.

• It covers a transaction or an arrangement in respect of a property where the owner of the property is not aware of, or, denies knowledge of such ownership;

• It also covers a transaction or an arrangement in respect of a property where the person providing the consideration is not traceable or is fictitious.

• "Property" means assets of any kind — movable, immovable, tangible, intangible, any right or interest, or legal documents. Therefore assets like shares, loans, debtors etc. are also covered.

• Any property, which is subject matter of benami transaction, shall be liable to be confiscated by the Central Government.

• PENALTY FOR BENAMI TRANSACTION : Whoever is found guilty of the offence of benami transaction shall be punishable with rigorous imprisonment for a term which shall not be less than one year, but which may extend to seven years and shall also be liable to fine which may extend to twenty-five per cent of the fair market value of the property.

• PENALTY FOR FALSE INFORMATION: Any person who is required to furnish information under this Act knowingly gives false information to any authority or furnishes any false document in any proceeding under this Act, shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to five years and shall also be liable to fine which may extend to ten per cent. of the fair market value of the property.

• PROCEEDINGS AGAINST LEGAL REPRESENTATIVE: Where a person dies during the course of any proceeding under this Act, any proceeding taken against the deceased before his death shall be deemed to have been taken against the legal representative and may be continued against the legal representative from the stage at which it stood on the date of the death of the deceased.

Summary of the important announcement :

1. Black money issue, 500 rupees and 1000 rupees banned from Midnight.
2. ATM's wouldn't wouldn't work on 9th and 10th November. Rather the withdrawal limit is Rs. 2000 only.
3. All Residents have option till 30th December 2016, to deposit their existing cash balance of 500 and 1000 rupees in their bank accounts.
4. ATM withdrawal is limited post 11th Nov to 10000 per day, but initial few days it would be 2000 Rs. Only.
5. Emergency periods like hospitals and chemist, train ticket booking and airline ticket booking, petrol pumps may accept the old notes to 11th November.
6. No changes in online, card, cheque or any other plastic money transactions.
7. 9th November, banks wouldn't be available for public banking services.
8. New notes of 500 rupees and 2000 rupees would bring in circulation, mostly from 31st March 2017.
9. This one is not clear, but old notes can be exchanged with rbi till 31st March 2017. I guess post 30th December.

Batches of class 11&12 started from 4 July 2016...
Get ur self registered now n inform your near n dear ones... limited seats.

Congratulations to the students of 12th boards for securing 100% results!!
Great news for your family and AIC Institute as well.
Vinayak Pareek, Harish Kumawat
Secured top marks.. 100% result from ASHU INSTITUTE OF COMMERCE
Accounts 95
Bst 93
Economics 81

Congratulations to students and teachers...

Ashu institute of commerce

For more details contact us at
9783310077, 9829104139/49...

hello friendz

Batches for class 11th and 12th will be from 11 april 2016.
inform your near and dear ones.

for more information contact us at:
9783310077
9829104139/49

Hello everyone
Inform your near and dear one...

New batches starts for. 11 & 12.
Get yourself registered.
Contact us
9783310077, 9829104139.