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Archive: 27 May 2016

Posts in 27 May 2016

HUF cannot be a partner in a partnership firm

May 27, 2016 20443 Views 0 comment Print

In view of above, it is clear that HUF cannot be a partner but its Karta or any individual of HUF can be a partner in a partnership firm in its individual capacity and not the HUF.

Anti-dumping duty on import of Coumarin from China

May 27, 2016 1018 Views 0 comment Print

Seeks to impose anti-dumping duty on Coumarin of all types Tariff Item 2932 20 10 , originating in or exported from People s Republic of China, for a period of five years (unless revoked, superseded or amended earlier)

No mandatory Trust registration cancellation u/s 12AA for Turnover

May 27, 2016 4426 Views 0 comment Print

It is clarified that it shall not be mandatory to cancel the registration already granted u/s 12AA to a charitable institution merely on the ground that the cut-off specified in the proviso to section 2(15) of the Act is exceeded in a particular year without there being any change in the nature of activities of the institution

SEBI mandates disclosure of Audit Qualification Impact by listed entities

May 27, 2016 3337 Views 0 comment Print

SEBI decides to make the listed entities disseminate the cumulative impact of all the audit qualifications in a separate format, simultaneously, while submitting the annual audited financial results to the stock exchanges. This will ensure that the information is available to the investors, without delay, enabling them to take well informed investment decisions;

Delhi VAT: Govt withdraws Delhi Sugam -1 (DS-1)

May 27, 2016 2338 Views 0 comment Print

Form Delhi Sugam-1 (DS1), in exercise of the powers conferred under section 70 of the Delhi Value Added Tax Act, 2004, for furnishing the details in respect of any commodities/goods to be moved from Delhi to any place outside the territory of Delhi on account of sale, stock transfer or due to whatsoever reason, by all the registered dealers of Delhi before the actual movement of such goods occurs.

Notification No. 36/2016-Income Tax, Dated: 27.05.2016

May 27, 2016 2662 Views 0 comment Print

S.O. It is hereby notified for general information that the organization M/s G.B. Pant Institute of Himalayan Environment and Development, New Delhi (PAN-AAAAG3515F) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act 1961

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