Applicant is an entity incorporated for undertaking wholesale operations in India. The applicant will enter into vendor procurement contracts to purchase products from the manufacturers hold inventory on its own account and sell the same to retailers industrial users or other wholesalers.
The Central Board of Direct Taxes (CBDT) entered into twenty (20) Unilateral Advance Pricing Agreements (APAs) yesterday and today, i.e., 29th August, 2016 and 30th August, 2016, with Indian taxpayers. Many of these agreements also have a Rollback provision in them.
A Private Company desires to convert its status to LLP Form shall foremost decide the designated Partners of the proposed LLP, as only the members can be the Partners of the converted LLP and of these members of the company at least two Partners would be the Designated Partners.. In case of Body Corporate who […]
Both houses of Parliament and many states have given their nod to roll out GST (Goods & Service Tax) in India. So, the stage seems to be almost set for its implementation in coming financial year. Every newspaper, all the addresses by eminent people and social media are exhilarated as well as positive for this new development.
Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards.
With a view to facilitate startups various tax exemptions are provided by Finance Minister Shri Arun Jaitley. In this article we are discussing various tax incentives provided to startups:
In exercise of powers conferred by section 2(n)(vi) of Industrial Disputes Act, 1947, the Central Government hereby declares Uranium Industry to be a Public Utility Service for the purpose of aforesaid Act, for a period of six months with effect from 11th September, 2016.
The practice prevalent in jewellery industries in India on charging for wastages from the customers along with the cost of jewellery without delivering the actual recoverable wastages has not been looked into.
That particular day, for few minutes, I felt like a school teacher. One of my family friend brought his son to my office and started complaining. The son has around 3 years of experience in an IT industry, started investing on stocks from his savings for the past 1 year. What is wrong in that? Why is the father complaining?
Besides other conditions, the deposit of Cost Recovery (CR) charges three months in advance is a mandatory condition. However IFU has observed that there is frequent default by the custodians in deposit of the said charges.
