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Archive: 13 August 2016

Posts in 13 August 2016

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 24, 2024 6996 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 5064 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

A step by step guide to create your Roadmap to Financial Freedom

August 13, 2016 3079 Views 1 comment Print

The days of financial freedom, devoid of any worries, can be achieved through a little bit of discipline and by following a planned path based on a good financial strategy. Let us all strive to savor the taste of a blissful independence

A Checklist for NRIs Investing in Indian Property

August 13, 2016 4894 Views 0 comment Print

NRIs have always been keen on investing their money in India. Buying a property in one’s home country will always have its own advantages. Occasions like wedding, anniversary or a misfortune may want them to visit their homeland to keep the Indian connection alive.

Liability to Excise/Service Tax on sale of Scrap – A discussion Paper

August 13, 2016 23686 Views 0 comment Print

Not all manufacturers are fully equipped to manufacture and supply a particular product. Therefore,theysend the semi-processed material or their raw materials to a job worker for carrying out the intermediate job work process.

Equalisation Levy is not so equal

August 13, 2016 7717 Views 0 comment Print

There is a possibility of countermeasures being adopted by foreign countries against the unilateral levy by India. For example, if US Treasury is of the opinion that these actions potentially undermine U.S. rights under the tax treaty, and lead to discriminatory treatment

GST Model law: Journey starts with a Dream towards Reality

August 13, 2016 4726 Views 1 comment Print

The GST law is still evolving and the dialogue continues between the Centre and the States on related issues. A number of procedural, legal and administrative issues relating to GST are under active discussions in various Committees / Sub-committees constituted by the EC and in various Groups constituted by the CBEC.

Choosing a Business Name….Be careful !!

August 13, 2016 4837 Views 0 comment Print

So, by just incorporating a company with no issue it doesn’t mean you have secured your brand name. So it is advisable that entrepreneurs before started brand development programme by investing huge efforts and huge amount get clearance from Registrar of Companies and also from Trade Mark Registry.

FAQs on Customs Bonded Warehouses

August 13, 2016 1960 Views 0 comment Print

Does a DFS operator need to apply for a warehouse licence? Yes. Any person who is running a Duty free Shop should apply for a licence under Section 58A.The licensed premises is to be used for storage of the bonded goods, before they are removed to a Duty Free Shop.

Maternity Benefit Amendment Bill, 2016- An Initiative by Govt!

August 13, 2016 3178 Views 1 comment Print

According to Women and Child Development Minister “Maneka Gandhi” as there are more Nuclear Families, a Mother needs to be present physically with the child for the better nutrition of the child. So, this passed amendment bill will help the Mother to take proper care of the child.

Special Advance Authorization with All Industry Rates of Duty Drawback

August 13, 2016 4057 Views 0 comment Print

To give effect to the Special Advance Authorisation Scheme, the Notification No. 45/2016-Customs dated 13th August, 2016 has been issued providing exemption to fabrics (including interlining) from import duty subject to conditions specified therein

All about ICAI Restriction on Number of Tax Audits

August 13, 2016 90631 Views 11 comments Print

The Article discusses Legislative History behind enactment of Tax Audit Provisions , Imposition of Restriction on number of Such Audit to be Conducted by Chartered Accountants (CAs) by Institute of Chartered Accountant of India (ICAI), Decision of Honorable High Court and Supreme court on the issue, Report of CAG on Violation of ICAI guideline , Disciplinary Proceeding by ICAI against erring members and Stay by Kerala High Court against Such action till disposal of their representation.

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