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Archive: 13 April 2016

Posts in 13 April 2016

Acceptance of letters without acknowledgment is unacceptable: HC

April 13, 2016 3304 Views 0 comment Print

HC held that income tax officer to whom an application is made should give an acknowledgment of having received and accepted the application on face if the same is found in prescribed manner with prescribed details.

A member of District Consumer Redressal Forum on completion of his/her tenure has no vested right for re-appointment.

April 13, 2016 7374 Views 0 comment Print

Invoking extraordinary jurisdiction of this Court under Article 226 of the Constitution of India, the petitioner herein seeks to challenge appointment of respondent No. 3 as a member of District Consumer Redressal Forum, Rajnandgaon.

Six things you should never do while investing

April 13, 2016 7990 Views 3 comments Print

Today in this article I will show you ugly face of this process of wealth creation. How we fall in trap and start losing. Why I write on this topic? Even if you are not able to follow all wealth creation techniques at least you shouldn’t be losing by committing these mistakes. Following is the list of mistakes so read them and tries to avoid these acts.

How to Register a Nidhi Company Online!

April 13, 2016 7417 Views 0 comment Print

Nidhi is the safest and the cheapest way of raising funds from the General public. The most important thing is that you don’t require Reserve Bank of India (RBI) approval for this Company. The alternatives of Nidhi (like Non Banking Financial Companies (NBFC’s) will need a capital of at least two crores) are very costly. Through, very business friendly, Nidhi is yet to be common between the business communities.

Your Destiny Is In Your Hands

April 13, 2016 4522 Views 0 comment Print

Reap what you sow. One should plan the precious time to win his future and earn enough money and wealth. A farmer tills the soil, sows seeds and does all that is required for getting a good crop. Hard work yields knowledge, experience, and happy life. Ants and bees store the food through toil and time. Lazy and wayward student loses the future. One can wait, but time doesn’t.

Understanding VAT 47 and VAT 49 under RVAT Act, 2006

April 13, 2016 28051 Views 0 comment Print

Provisions related to the documents including the road permits to be carried with the goods in movement from outside the state or to outside the state are provided under Sec 76 to Sec 79 of RVAT Act 2003. Going through these sections read with Rule 52 to 57 of Rajasthan Value Added Tax Rules 2006 will clear in our mind the complete scenario of the formalities to be done while sending goods outside the state or importing goods from outside the state. Let us discuss these sections one by one.

Limited Liability Partnership (Amendment) Rules, 2016

April 13, 2016 9790 Views 0 comment Print

In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 namely:-

A Government servant cannot hold two substantive posts at same time

April 13, 2016 3786 Views 0 comment Print

It is settled law that an employee on temporary promotion would continue to hold the lien in his substantive post until it is terminated. He cannot hold two substantive posts at the same time.

Tax rates on labour income stabilise in 2015: OECD

April 13, 2016 1027 Views 0 comment Print

Taxes on labour income for the average worker across the OECD remained stable at 35.9% in 2015, ending a series of steady annual increases dating to 2011, according to a new report.

FAQs on Tax on services provided by Government / local authority

April 13, 2016 30922 Views 1 comment Print

Any service provided by Government or a local authority to a business entity has been made taxable w.e.f 1st April 2016. Post Budget 2016, representations have been received from several quarters including business and industry associations in respect of various aspects pertaining to the taxation of such services. Accordingly, the following clarifications are issued:-

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