• Feb
  • 09
  • 2016

5 Investment Options: The Road to a Tax-Free Retirement

Added In Income Tax
The investment options available in the market help you set aside a huge portion during your working years for your long-term needs. Further, these plans also offer tax benefits which make them an apt choice to invest in the present scenario when you are already looking for investment options to save tax. Here are some investment options that not only reap good returns in the long run but also save tax under Section 80C of the Income Tax Act.

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  • Feb
  • 09
  • 2016

The Definitive Guide to Why You Need Health Insurance

Added In Income Tax
With the rise of growing health care sector and the technology it has developed, the health care has become increasingly expensive. An average lower-middle-class man might just find himself in the midst of the most terrible crisis in case he faces a situation where he has to pay the hospital bills. A single visit to […]

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  • Feb
  • 09
  • 2016

Budget 2016: Expectations from the Finance Minister

Added In Income Tax
Raising the limit for eligible deduction under Section 80C, 80CCC and 80CCD- Presently the Section 80 CCE provides for a cap of Rs. 1.50 lacs for deduction available under Section 80C, 80CCC and 80 CCD(1) taken together. The present limit of Rs. 1.50 lacs was raised from Rs. 1 lacs in the budget of 2014. The erstwhile limit of Rs. 1 lacs was fixed in 2003 for these benefits. It has been almost 14 years during which the limit has been just increased by 50% which works out to just 2.98% annually.

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  • Feb
  • 09
  • 2016

Art of Legal Writing: Impact and Analysis

Added In CA CS ICWA
This article is a humble effort on the given topic as a learner. It is an effort on a subject, which as a part of legal profession; I know is the one of the most important but yet an underrated area known as Legal Writing. Public perceives legal professionals to be good draftsmen. However, it’s a fact that time devoted towards developing art of legal drafting by legal professionals is much lesser than the time devoted towards analyzing and interpreting laws. In our education system also, much lesser time is devoted towards teaching of drafting skills to students in legal field.

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  • Feb
  • 10
  • 2016

Electronic Assessment – Practical aspects

Added In Income Tax
Background a) CBDT vide its notification 2/2016 dated 3-Feb-2016 has prescribed Procedure, Formats and Standards for ensuring secured transmission of electronic communication. b) I am thankful to Sandeep for providing scope for a preliminary article on this topic at http://taxguru.in/income-tax/ready-email-assessment.html c) An attempt is being made to trace the difference in manual or physical submissions […]

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  • Feb
  • 10
  • 2016

MCA Invite Comments on Draft CARO Report, 2016

Added In Company Law
(1) This Order may be called the Companies (Auditor’s Report) Order, 2016. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except:–

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  • Feb
  • 10
  • 2016

Notice inviting comments on revised schedule III to Companies Act, 2013

Added In Company Law
Notice inviting comments on the revised schedule III to the Companies Act, 2013 for a company whose financial statements are drawn up in compliance of companies (Indian Accounting Standards) rules 2015 and as amended from time to time.

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  • Feb
  • 09
  • 2016

Notification No. 23/2016-Customs (N. T.) Dated: 09/02/2016

Added In Custom Duty
Notification No. 23/2016-CUSTOMS (N. T.) Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

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  • Feb
  • 09
  • 2016

Amendments wef 11.2.2016 to All Industry Rates of Duty Drawback

Added In Custom Duty
CIRCULAR NO. 06/2016-Customs The Government considered representations, feedback and data related to the All Industry Rates (AIR) of Duty Drawback that took effect on 23.11.2015 and has notified certain changes vide Notification No. 22/2016-Customs (N.T.) dated 08.2.2016. These changes take effect from 11.02.2016.

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  • Feb
  • 09
  • 2016

Recommendations on Definitions under Companies Act, 2013

Added In Company Law
I would like to highlight Recommendations of The Committee on various Definitions like Associate Company, Charge, Deposit, Related Party etc. under Companies Act, 2013. Such recommendations are given below:

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