"11 August 2016" Archive

Constitution of National Committee on Trade Facilitation

Order No. F.No.17000/127/2015-IC(ICD) (11/08/2016)

The formation of a National Committee on Trade Facilitation (NCTF) is part of the mandatory, institutional arrangement of the WTO Agreement on Trade Facilitation (TFA). Article 23.2 of the TFA requires each WTO member to establish and/or maintain a NCTF or designate an existing mechanism to facilitate both domestic co-ordination and imple...

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“Sudoku”- The Puzzle of Life

Sudoku is a Japanese game which is a logic-based, number-placement puzzle. In this game one has to fill a 9×9 grid with digits so that each column, each row, and each of the nine 3×3 subgrids all contains the digits from 1 to 9. The puzzle setter provides a partially completed grid, which has to be completely filled....

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Posted Under: Corporate Law |

Notification No. 69/2016-Income Tax Dated: 11.08.2016

Notification No. 69/2016-Income Tax (11/08/2016)

(a) grant from Central Government; (b) grant from State Government; and (c) consent fee for permission for setting up industry in the state of Haryana....

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Applying for loan: What you must do while handing over your KYC documents

Why is KYC Needed? Since your KYC is one of the stepping stones when commencing a new financial relationship, it becomes obvious that you must keep all these documents well guarded and make sure they are not easily duplicated. If you let your documents float around the city then you could land in a major mess which could upset all your fu...

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Posted Under: Corporate Law |

Freedom from Multiple Taxes in GST Regime

The nation is on the cusp of executing one of the most ambitious and remarkable tax reforms in its independent history. Implementing a new tax, encompassing both goods and services, to be implemented by the Centre, 29 States and 2 Union Territories...

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Posted Under: Corporate Law |

Benami Transactions (Prohibition) Amendment Act, 2016

No. 43 of 2016 (11/08/2016)

Benami property means any property which is the subject matter of a benami transaction and also includes the proceeds from such property; (9) benami transaction means,— (A) a transaction or an arrangement—(a) where a property is transferred to, or is held by, a person, and the consideration for such property has been provided, or paid...

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Don’t try to give up Over-Spending!!!

Giving up over-spending is a struggle. It brings a lot of negative emotions like guilt, frustration and shame. When you are thinking about giving up over-spending, sub-consciously you are still thinking about over-spending. The more you try to give up over-spending, the more you indulge in over-spending....

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Posted Under: Corporate Law |

GST Impact on Traders

Goods and Services Tax is a reality now. The only decision left in this regards is the roll –out date. It is the biggest tax reform in India since its independence. Once GST rolls out, it would have significant impact on every segment of business entities be it traders, manufacturers, agents etc. ...

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Posted Under: Corporate Law |

Multipurpose Empanelment Form for year 2016 -17 starts

This is to inform that Multipurpose Empanelment Form for the year 2016-17 will be live at www.meficai.org on 11th August, 2016. This year, we have made every effort to make it more comprehensive to collect maximum information and disseminate through a centralized database. ...

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Posted Under: Corporate Law |

Overview – Compounding of Offences under FCRA, 2010

Every officer or authority referred to in sub-section (1), while dealing with a proposal for the compounding of an offence for a default in compliance with any provision of this Act which requires by an individual or association or its officer or other employee to obtain permission to file...

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Posted Under: Corporate Law |
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