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Archive: March, 2016

Posts in March, 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7008 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Applicability of Ind-AS to disclosures in offer documents

March 31, 2016 2602 Views 0 comment Print

To align the disclosure requirements for financial information in the offer document as specified under SEBI (ICDR) Regulations, 2009 with the requirements of Ind AS specified under MCA Roadmap, the disclosure of financial information in accordance with Ind AS in the offer document shall be in the following manner:

No denial of opportunity to meet DGFT officers

March 31, 2016 1363 Views 0 comment Print

Endeavour of DGFT to move towards an IT enabled paperless and personal contact free environment to achieve the objectives of maintaining efficiency, absolute integrity and transparency in the functioning of all the offices of the Directorate in a more comprehensive and complete manner, was stressed.

FDI in India – Review of FDI policy –Insurance sector

March 31, 2016 1102 Views 0 comment Print

The extant FDI policy for Insurance sector has since been reviewed by the Government of India and accordingly it has been decided to enhance the limit of foreign investment in insurance sector from 26 to 49 percent under the automatic route subject to certain terms and conditions which have been notified through Notification No. FEMA. 366/2016-RB dated March 30, 2016

Clean Credit on Import of Rough, Cut and Polished Diamonds

March 31, 2016 1255 Views 0 comment Print

it has been decided, in consultation with the Government of India, to delegate the powers for permitting such clean credit for a period exceeding 180 days from the date of shipment to the AD banks, subject to the following conditions:

Bill of Entry to be replaced by Integrated Declaration wef 01.04.2016

March 31, 2016 12532 Views 0 comment Print

Following the issue of CBEC Circular 10/2016-Cus dated 15.03.2016 regarding implementation of the Single Window Integrated Declaration with effect from 1st of April, 2016, the Bill of Entry will be replaced by an ‘Integrated Declaration’, which covers all information required for import clearance by the other government agencies.

Calcutta High Court stays Service Tax on Senior Advocate

March 31, 2016 2218 Views 0 comment Print

The petitioner is a designated Senior Advocate practising in this Court and challenges notifications bearing nos. 9/2016 and 18/2016, both dated March 1, 2016, seeking to amend previous notifications of June 30, 2012 pertaining to service tax.

Higher Secondary School Leaving Certificate certificate is admissible age proof: SC

March 31, 2016 12298 Views 0 comment Print

The short question which arises in this appeal is whether the second respondent-Corporation was justified in rejecting the application of the appellant for allotment of retail outlet of petroleum/diesel dealership at location Kalamnuri in District Hingoli in the State of Maharashtra, on the ground that the age proof submitted by her was not of the Secondary School as per the norms, but of a Higher Secondary School.

Income tax Calculator for FY 2016-17 / AY 2017-18

March 31, 2016 1012153 Views 37 comments Print

Income tax Calculator for AY 2017-18: Income tax Calculator for Financial Year 2016-17 Assessment Year 2017-18. Income Tax calculator cum Flexi Allocation kit.

Deliberate suspicious trading ignorance by brokers to attract penalty

March 31, 2016 1528 Views 0 comment Print

Broker and sub-broker would be liable to face proceedings under FUTP regulations due to their deliberate ignorance of constant suspicious trading transactions executed on the behalf of clients. In the present case, the brokers executed transaction on behalf of their clients in illiquid scrip in short span of time that too for a long period of time.

Central Excise on Jewellery : Whether fears are real?

March 31, 2016 6127 Views 1 comment Print

Excise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons considering the rigorous provisions of Gold Control Act, 1968 which they were subjected to. It is perceived that if the duty is reintroduced, they would again be going back to the old regime where inspector raj would prevail.

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