"22 April 2015" Archive

Deductibility of Foreign Exchange Fluctuations in case of Capital Assets

Article deals with treatment of foreign exchange (forex) fluctuations on computation of total income in case of capital assets acquired by using funds borrowed from outside India in the form of ECB, Loans and payment to suppliers (borrowed funds). ...

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Posted Under: Income Tax |

Be Your Own Master

It has been noticed that the average person talks to himself or herself about 50 times in a day and that self-talk about him or her is 90% on negative things. These mind talk creates a powerful effect on us and on our attitude. This called the psychological behavior which acts as a motivator within us. ...

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Posted Under: Income Tax |

Professional Opportunities – RRBs Statutory Audit 2015

NABARD undertakes the entire exercise of identifying suitable audit firms for appointment as auditors in RRBs .Terms and conditions of such appointed auditors are also recommended by NABARD after an approval from the finance ministry....

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Posted Under: Income Tax |

Approval to introduce Negotiable Instruments (Amendment) Bill, 2015

The main amendment included in this is the stipulation that the offence of rejection/return of cheque u/s 138 of NI Act will be enquired into and tried only by a Court within whose local jurisdiction the bank branch of the payee, where the payee presents the cheque for payment is situated. ...

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Posted Under: Income Tax |

Notification No. 16/2015-Customs (ADD) Dated 22nd April, 2015

Notification No. 16/2015-Customs (ADD) (22/04/2015)

Notification No. 16/2015-Customs (ADD) Central Government hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 36/2011- Customs, dated the 18th April, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide num...

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Notification No. 15/2015-Customs (ADD) Dated 22nd April, 2015

Notification No. 15/2015-Customs (ADD) (22/04/2015)

In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act and in pursuance of rule 23 of the said rules, the Central Government hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 6/2011- Customs,...

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Reverse and Partial Reverse Mechanism Chart from 01.04.2015

Reverse and Partial Reverse Mechanism Chart with effect from 01.04.2015 and The extent of service tax payable thereon by the person who provides the service and any other person liable for paying service tax for the taxable services ...

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Posted Under: Income Tax | ,

The Commercial Division and Commercial Appellate Division of High Courts and Commercial Bill, 2015

The Commercial Division and Commercial Appellate Division of High Courts and Commercial Bill, 2015 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved, while taking into consideration the Law Commission’s recommendations, to introduce a Bill namely, “The Commercial Division and Commercial Appellat...

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Posted Under: Income Tax |

Amendments to Juvenile Justice (Care and Protection of Children) Bill

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the introduction of Amendment to the Juvenile Justice (Care and Protection of Children) Bill 2014. The amendments to the draft Bill strike a fine balance between the demands of the stakeholders asking for continued protection of rights of juveniles and the p...

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Posted Under: Income Tax |

CBEC too gets PM’s Award for Excellence in Public Administration

Central Board Of Excise and Customs Awarded the Prime Minister’s Award for Excellence in Public Administration for 2012-13 Minister’s Award for Excellence in Public Administration for the year 2012-13. These awards are given to acknowledge, recognize and reward the extraordinary and innovative work done by officers of the Central and ...

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Posted Under: Income Tax |