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Archive: 23 August 2016

Posts in 23 August 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6435 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Boarding and Rummaging of vessels, aircrafts and vehicles–reg.

August 23, 2016 8552 Views 0 comment Print

References have been received in the Board alleging lackadaisical approach of Customs officers in rummaging and examination of vessels which come to berth at various Indian ports. The references also allege illegal gratification in the form of gifts and cash.

Direct Tax Dispute Resolution Scheme,2016-sensitizing CIT (A)

August 23, 2016 1477 Views 0 comment Print

The Direct Tax Dispute Resolution Scheme 2016 was introduced with effect from 01.06.2016 to address in part the issue of pending litigation before CsIT(A).In order to monitor the progress of the Scheme, reporting in the prescribed proforma was requested within the timelines mentioned therein

TDS on provident fund withdrawal – Instructions

August 23, 2016 12031 Views 1 comment Print

In para 5 of Head Office circular dated 05.2015 cited at (1) above, it was instructed that in the cases of provident, fund withdrawal (Form-19) wherever TDS has to be deducted @10%, the same may be approved on Form-19 by the APFC (Accounts) and wherever TDS @34.608%, it shall be approved on Form-19 by RPFC level officer.

FM calls for quick implementation of Bankruptcy Code

August 23, 2016 1324 Views 0 comment Print

The Union Finance Minister Shri Arun Jaitley reviews the Implementation of Insolvency and Bankruptcy Code (IBC) 2016; Calls for quick action to implement the IBC in a time bound manner

Investment in Shares / Sceurities- Investor Rights & Obligations

August 23, 2016 2309 Views 0 comment Print

Investor’s Rights Right to Get Unique Client Code (UCC) allotted. Get a copy of KYC and other documents executed. Get order of trading of shares executed in his/her Unique Client Code only. Get order of trading of shares placed as per terms and conditions agreed to between broker and investor. Get best price. Get contract […]

Request for suggestions for legislative changes in direct tax laws -reg.

August 23, 2016 1271 Views 1 comment Print

n the past, suggestions for legislative changes were invited from field formation during the budget exercise. In this connection I am directed to intimate you that it has been decided to create an exclusive Email Id (i.e suggestion.tpl@gov.in) for receiving suggestions thought the year for legislative changes relating to direct taxes from officers/officials of the department.

India-Mauritius Tax Treaty- Amendment in Protocol and Its Impact

August 23, 2016 4461 Views 0 comment Print

Recently Government of India has notified the revised tax treaty with Mauritius which was signed by both countries on 10 May 2016 under which India will impose capital gains tax on investments routed through the island nation from 1 April 2017 to curb tax evasion.

Committee to review framework related to digital payments

August 23, 2016 748 Views 0 comment Print

In compliance to the decision taken by the Cabinet in its meeting held on 24.2.2016, a Committee is constituted to review the payments system in the country and to recommend appropriate measures for encouraging digital payments.

Govt notifies service rules of Income Tax & Wealth Tax Settlement Commission

August 23, 2016 1480 Views 0 comment Print

President hereby makes the following rules to amend the Settlement Commission (Income Tax and Wealth Tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairman and Members) Rules, 2015 namely :-

Constitutional Amendments on GST

August 23, 2016 4625 Views 0 comment Print

The Bill has since been ratified by the Legislative Assemblies of Assam (12.08.2016), Bihar (16.08.2016), Jharkhand (18.08.2016), Himachal Pradesh ( 22.08.2016) and Chhattisgarh (22.08.2016) and as likely to be taken up for ratification by Delhi, Madhya Pradesh and Gujarat.

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