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Archive: May, 2016

Posts in May, 2016

Legal Pitfall in Fraud Examination & Investigation

May 9, 2016 2143 Views 0 comment Print

Fraud Examination & Investigation is very niche area of working for Professional. Every case pose new challenges, thrill & knowledge update. Fraud Examination & Investigation is chor -police game. With emerging technology fraudster are getting smarter day by day. It requires daily updation.

New MVAT Dealers be in Discipline from First Year

May 9, 2016 6004 Views 1 comment Print

Sales Tax Department has started new SAP system and has also been introducing various other changes. And now from 1st May 2016 onwards, changes are made in VAT registration form 101, so what are those changes? Due to this what care dealer should take?

Acquisition and Transfer of Property in India by non-residents

May 9, 2016 5788 Views 1 comment Print

A person resident outside India or A person resident outside India but who is a citizen of India may acquire or transfer of any immovable property in India by comply the provisions of regulation of Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000.

Verification of ITR through EVC pending due to non-filing of ITR-V

May 9, 2016 5422 Views 0 comment Print

Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns-regd.

Proposal to hike Minimum Wages to atleast Rs. 10000/-

May 9, 2016 4930 Views 0 comment Print

Considering the reality of industrial practices as well as the wage security for the contract workers, proposal for rationalization of wages for contract workers, so as to ensure that the minimum monthly wage of such workers does not fall below Rs. 10,000/-, was under consideration of the Government.

President assents to repeal 293 laws & amends 2

May 9, 2016 1936 Views 0 comment Print

Repealing and Amending Act, 2016 repeal 295 Acts and make minor amendments to (i) the Sexual Harassment of Women at the Work Place (Prevention, Prohibition and Redressal) Act, 2013, and (ii) the Governors (Emoluments, Allowances and Privileges) Amendment Act, 2014.

President assents to repeal over 700 archaic laws

May 9, 2016 1771 Views 0 comment Print

Hon’ble presidents has given his assent to the Appropriation Acts (Repeal) Act, 2016 as passed by Rajya Sabha on 27.04.2016. The Act repeal 758 Appropriation Acts, including Appropriation Acts for the railways, passed during the period of 1950-2012. These laws have ceased to be in force after one year of their enactment, and are hence obsolete. Out of the 758 acts, 111 state appropriation acts enacted by Parliament during 1950 to 1976 are repealed.

ICAI held 2 CAs guilty of Other professional Misconduct

May 9, 2016 20374 Views 0 comment Print

Shri Pawan Kumar Gulati (Membership No. 095137), Chartered Accountant, 569, J.P. Nagar, Jalandhar – 144 002 has been held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of the Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid Shri Pawan Kumar Gulati (Membership No. 095137) from the Register of Members for a period of one (1) month.

Delhi VAT: Change in rate of VAT in schedules wef 10.05.2016

May 9, 2016 5623 Views 0 comment Print

(a) for the existing row pertaining to serial no. 9, the following row shall be substituted, namely : – Un-manufactured tobacco, tobacco and tobacco products in all forms such as cigarettes (irrespective of form and length), chewing tobacco, gutkha, cigars, hooka tobacco, khaini, zarda, surti, bidis etc.- Twenty paise in the rupee

SKP wins ‘India Tax Firm of the Year’ at International Tax Review’s Asia Tax Awards 2016

May 9, 2016 3667 Views 0 comment Print

SKP has won the ‘India Tax Firm of the Year’ in International Tax Review’s Asia Tax Awards, 2016. SKP’s efforts have been recognized by International Tax Review, one of the world’s leading publications on cross-border tax, providing international news and updates, surveys and interviews with leading tax executives and officials around the world. This award […]

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