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Archive: 22 August 2016

Posts in 22 August 2016

Gist of GST

August 22, 2016 19403 Views 2 comments Print

Hello everyone coming with another article on GST, a very hot topic in discussion now a days , here is a gist of GST with meaning of some important terms which will help readers to understand the definitions properly and help practising chartered accountants to deal their clients efficiently in the matter of GST

MVAT: Issue of e-CST declarations for periods on or after 01.04.2016

August 22, 2016 5576 Views 0 comment Print

The Maharashtra Sales Tax Department (MSTD) is in the process of implementing SAP based New Automation System. The e-Registration functionality has already been launched in this new Automation system. However, e-Returns for periods after 01-04-2016, under Maharashtra Value Added Tax Act (MVAT)

Amendment in Legal Metrology Packaged Commodities Rules, 2011

August 22, 2016 3578 Views 0 comment Print

Attention of all the Importers/Exporters, Customs Brokers and the member of the Trade is invited to the Notification dated 14th May’2015 issued by the Food and Public Distributions Department of Consumer Affairs, Ministry of Consumer Affairs, New Delhi.

RBI proposes catalytic regime of bond market

August 22, 2016 1883 Views 0 comment Print

Looking at last 12 months, the market regulators in India have been on action to come up with suitable avenues to strengthen the bond market in India. Recently, there have been changes sought to stimulate the action in bond market. On August 18, 2016, in a bid to deepen the corporate bond market in India a report of the Working Group on Development of Corporate Bond Market in India

Rent Income as main Business: Chargeable as Business Income?

August 22, 2016 9305 Views 0 comment Print

The business of the company was to lease its property and to earn rent and therefore, the income so earned should be treated as its business income. The High court was not correct while deciding that the income of the appellant should be treated as Income from House Property.

Clarification in the matter of Illiquid Stock Options

August 22, 2016 854 Views 0 comment Print

The sale proceeds may be utilized for investments permitted in paragraph 37; ii. upto 25% of the value of the portfolio as on the date of the interim order or the amount* in excess of the profit made/loss incurred, whichever is higher, may be utilized for business purposes and ! or for meeting any other exigencies or address liquidity problems etc.

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