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Archive: 22 August 2016

Posts in 22 August 2016

Dahi Handi of Govinda Taxpayers on 30th September!

August 22, 2016 7778 Views 2 comments Print

Krishna, festival of Lord Krishna’s Janmashtami is coming closer on 24th Aug. To break the Dahi Handi, human pyramids are formed. Also, the height of Dahi Handi is being a new topic for political debates.

Income Tax Business Application Module for Hospital and ITP approvals

August 22, 2016 4742 Views 0 comment Print

This is in reference to the subject mentioned above. The functionality for approval of hospital u/sec 17(2) of the IT Act and for registration of Tax Practitioner will be available in Administration module of ITBA w.e.f. 22.08.2016.

Procedure for empanelment of retired officers as Inquiry Officers

August 22, 2016 2963 Views 0 comment Print

The undersigned is directed to state that as per O.M. dated 07/01/2016 received from DOP &T circulated vide F.No. 142/40/2015-AVD.1 a panel of retired officers from the Ministry/ Departments under Govt. of India and PSUs is to be created

Discrepancy in Service Exports from India Scheme?

August 22, 2016 5405 Views 0 comment Print

New SEIS scheme is also not free from defects. There are certain discrepancy which have not been taken care of at the time of introducing such scheme nor there has been any clarification issued by Director General of Foreign Trade (‘DGFT’) in this regard, till date.

Exports – Not so zero rated?

August 22, 2016 3107 Views 0 comment Print

How often do we hear exports are zero rated, like whenever an assessee think of doing an export transaction, he perceives it to be duty free, tax free and cess free (pun). Zero rated situs means no tax on inputs and no tax on output. What zero rated miss is tax freeness on intermediate.

Essential Elements of Advisory Agreements

August 22, 2016 3235 Views 1 comment Print

Advisory is a term which primarily evolved in developed countries for imparting consulting services by Certified Public Accountants (CPA) and other financial advisors for businesses entities. Top law firms such as EY, KPMG, PWC imparts advisory services which comprises areas of Corporate treasury, Cyber security, Anti money laundering, Contract management services, Enterprise risk, Internal Audit, Internal controls

Notification No. 113/2016-Customs (N.T.) dated: 22.08.2016

August 22, 2016 3029 Views 0 comment Print

Central Government vide Notification No. 113/2016-Customs (N.T.), Dated: August 22, 2016 has rescinded The Customs (Provisional Duty Assessment) Regulations 2011 as Section 18 of the Customs Act, 1962 itself defines the cases where provisional assessment may be resorted and requires that

No Service Tax on tube well construction for Government

August 22, 2016 6485 Views 0 comment Print

The phrase water supply is a general phrase. Basically it will involve providing users, access to a source of water. The source may be natural or artificial like tanks, wells, tube wells etc. Providing users access to such a source will involve construction of the source (if artificial) and the transmission of water to the user. It will involve activities like drilling , laying of pipes, valves , gauges etc, fitting of motors, testing etc, so as to eventually result in the supply of water.

How do you know if you are actually ready to retire

August 22, 2016 3191 Views 0 comment Print

Should you quit your never-ending job, and make a decision to retire early? What else do I need to have, in order to consider my retirement seriously? These are just a few, but very common questions popping up in the minds of most young and middle-aged working person. The thought of early retirement instantly lets […]

10 Practical Tips for Early and Wealthy Retirement

August 22, 2016 5183 Views 0 comment Print

The key to early retirement planning, via smart wealth building is not only about learning, but about living by the tips mentioned below:

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