"09 March 2017" Archive

CBI Registers a case against DGM & AGM of Union Bank of India

(07/03/2017)

CBI REGISTERS A CASE AGAINST DGM & AGM, BOTH OF UNION BANK OF INDIA AND THREE PROPRIETOR/DIRECTOR OF PRIVATE FIRMS & OTHERS FOR ALLEGED VIOLATION OF RBI GUIDELINES...

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Posted Under: Fema / RBI |

Harmonising MEIS Schedule / Table with MEIS Rate Product wise

Public Notice No. 61/2015-2020 (07/03/2017)

This is a consolidated list of all items under MEIS notified so far (Public Notice No.2 dated April 1, 2015 and subsequent expansion through PN.27 dated July 14, PN. 28 dated July 16, PN.44 dated 29 October of 2015 and PN.6 dated May 4, PN.26 dated August 26 , PN.32 dated September 22 of 2016 and PN.49 dated 30.12.2016) and is based on se...

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Extension of Due date to activate account on GST Portal for Maharashtra VAT Dealers

Trade Circular No. 7T of 2017 (08/03/2017)

Many communications have been received from the trade for the extension of dates, as some of them have faced difficulties while obtaining Provisional Ids or activating their accounts on GST Portal. So, as per the communication received from GSTN, and as per request from the Trade, the date for disabling Provisional Ids is now extended upt...

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Amendment in Service Tax Exemption to Educational Institutions WEF 01.04.2017

Notification No. 10/2017-Service Tax (08/03/2017)

Provided that nothing contained in clause (b) of this entry shall apply to an educational institution other than an institution providing services by way of pre-school education and education up to higher secondary school or equivalent...

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Canada Chapter of ICAI launched helpline for Members

Canada (Toronto) Chapter of ICAI launched helpline for Members interested for getting CPA Canada membership -An email cpahelpline@icaitoronto.com has been created for members to send their inquiries to CPA helpline team at their convenience....

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Posted Under: Fema / RBI |

India & Belgium sign Protocol amending India-Belgium DTAA

The Protocol will broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes....

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Posted Under: Fema / RBI |

ICSI Invites Suggestions for Post-Budget Memorandum 2017-18

As you all are aware that the Union Budget 2017-18 presented in the Parliament on 1st February, 2017 contains various proposed changes in the Finance Bill, 2017. The Institute has submitted the Pre-Budget Memorandum 2017-18 to the Ministry of Finance on 31st October, 2016. ...

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Posted Under: Fema / RBI |

Assessment of Individual cannot be done by issuing notice on HUF

Shri. Deen Dayal Kothari Vs Income Tax Officer, (ITAT Chennai)

An 'individual' and an 'HUF' are different persons under the Income Tax Act, and notice to one cannot be deemed as notice to the other....

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No Work No Pay- Even for the period of termination: Bombay HC

Mohan Moreshwar Agashe Vs Managing Director (Bombay High Court)

By this Writ Petition, under Article 226 of the Constitution of India the Petitioner inter alia prays for issuance of a Writ of Mandamus calling for the record and files in respect of the service of the Petitioner from the office of the Respondents and after perusal of the same to declare the letters dated 30th October, 2012...

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Frivolous, Groundless Filings Serious Menace to Justice Administration

Dnyandeo Sabaji Naik ans ANR Vs Mrs. Pradnya Prakash Khadekar and ORS (Supreme Court of India)

Courts across the legal system - this Court not being an exception – are choked with litigation. Frivolous and groundless filings constitute a serious menace to the administration of justice. They consume time and clog the Productive resources which should be deployed in the handling of genuine causes are dissipated in attending to case...

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