Bombay High Court has held that depreciation is not allowable on toll road constructed under the BOT basis though after the clarification by the CBDT and the decision of other Courts and Tribunal the cost of construction on development should be amortized evenly over the period of the concessionaire agreement after excluding the time taken for creation of such facility.
The guidelines concerning official dealings between Administration and Members of Parliament and State Legislatures have been issued by the Ministry of Personnel, Public Grievances and Pensions and reiterated from time to time. The provisions of the Central Secretariat Manual of Office Procedure regarding prompt disposal of communications from MPs have also been reiterated from time […]
F. No. B1/6/2013-TRU Dated- 25th November, 2014 Certain representations have been received through Ministry of Commerce raising the issue that SEZ unit or developer has to approach two authorities (the SEZ authority and with the Jurisdictional Service Tax authority) for upfront exemption under notification No. 12/2013 dated 01.07.2013 as amended.
Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simplify procedures for stakeholders. The Committee will (a) review the ‘e-forms’ notified under the Companies Act, 2013, (b) suggest […]
It has come to our notice that some Indian companies are accessing overseas market for debt funds through overseas holding / associate / subsidiary / group companies. It has also been reported that such borrowings are raised at rates exceeding the ceiling applicable in terms of extant FEMA regulations and that the funds so raised are routed to the Indian companies which accounts for sole/major operations of the group. RBI/2014-15/316 A.P. (DIR Series) Circular No. 41
It is very common in works contracts for the main contractor who got the work awarded in his name to off-load the work to sub-contractor(s). The sub-contractor procures the materials, installs the materials as per the contractual terms & conditions and transfer of property in the materials take place between the sub-contractor and contractee.
The exemption granted in respect of filing of the returns under the CST Act was posing difficulties in generating the lists of returns defaulters under the CST Act in the automation system i.e. Mahavikas.
Searching a job is a science and art in itself. One of the basic ingredients for our professional success, amazingly no university degree or course ever teaches you how to search a job. Do I really need to learn how to search a job; I mean what is there to learn? Just create your profile on a recruiter’s website and search your favourite job and click apply and they will call you.
We all humans are full of creativity. If you will give me a day I can tell you a thousand ideas and if worked well all of them can be successful. In my group I have seen so many people who have an idea …they start working on it and fail down….so badly. Don’t let the same thing happen with your idea
It has been decided to align the applicable eligibility and investment norms between Foreign Portfolio Investor (FPI) regime and subscription through the Offshore Derivative Instruments (ODI) route. Accordingly.