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Archive: 05 May 2015

Posts in 05 May 2015

Incentivizing States Under GST Regime

May 5, 2015 1204 Views 0 comment Print

As tax rates during Goods and Services Tax (GST) regime will be closely aligned to the Revenue Neutral Rates (RNR) of the Centre and the States, the revenues of the Central and State Governments will not be impacted in the long run. To help States in the transition phase, the Constitution (122nd Amendment) Bill, 2014, […]

Implementation of procedure for export of certified organic products

May 5, 2015 403 Views 0 comment Print

Procedure notified vide Public Notice No. 73 (RE-2013)/2009-2014 dated 18.11.2014 for export of Certified Organic Products, except Textiles, would come into effect from 01.06.2015.

Rate of exchange of conversion of Swiss Franc WEF 6th May, 2015

May 5, 2015 397 Views 0 comment Print

NOTIFICATION NO. 43/2015-CUSTOMS (N.T.), Dated: May 05, 2015 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 38/2015-CUSTOMS (N.T.) dated the 16th April, 2015

How to prepare for and handle multi-jurisdictional litigation

May 5, 2015 2144 Views 0 comment Print

In multi-jurisdictional litigation, a client faces multiple lawsuits in more than one jurisdiction (country), asserting substantially similar claims arising from a common alleged event, transaction or practice.

Tax Planning for Business Expenditure

May 5, 2015 8404 Views 0 comment Print

There is a prevailing practice of a businessman taking loan of stock from another businessman and returning the same. Since he may have to pay for replacement at a higher price for return of loan of stock, can a provision made for the extra cost be deductible?

SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015

May 5, 2015 2439 Views 0 comment Print

These regulations may be called the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015

May 5, 2015 1904 Views 0 comment Print

These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette.

Effective Representation before ITAT – None receipt of Nominations

May 5, 2015 1129 Views 0 comment Print

I am directed to invite your kind attention to this office letter of even number dated 22.4.2015 calling nominations for the aforesaid training programme to be held at NADT on 14th and 15th May, 2015. The same has also been uploaded on irsofficeronline website. This office is yet to receive nominations from your Charge. The same may kindly be sent on priority so as to enable us to make logistics arrangements related to the programme.

Procedure for Changes in Particulars of Name/ Address or Other Details of Directors

May 5, 2015 113210 Views 7 comments Print

Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government in such form and manner and along with such fees as may be prescribed. (Section 153 of Companies Act, 2013)

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