(i) M/s. Melt Enterprises Ltd., UK is recognized as Pre-Shipment inspection Agency in terms of Para 2.55 (d) of HBP 2015-20 in Appendix 2G. (ii) The Details of authorized instruments for inspection in respect of M/s. Asia Inspection Agency Co. Ltd., Thailand is re-notified.
Due date for filing return & TAR for assessee whose due date for filing income tax return is 30th Sept (being Company,firms,and other required to get accounts audited under income tax act or other law and working partners of such firm) is extended to 17th October 2016
The RBI has vide its circular dated 08.09.2016 instructed the banks to invariably accept cash deposits from all the declarants under the Scheme and to accept cash deposits, irrespective of amount, over the counters, for making payment under the Scheme through challan ITNS-286.
Many professionals are confused as how Constitutional 122nd Amendment Bill enabling GST is published as 101st Amendment Act??? Is there any error!! No, please be assured, there is no error in publication of such an important piece of legislation which is going to redefine the tax structures & systems in India.
As per second Proviso to Section 149(1) read with Rule 3 of The Companies (Appointment and Qualification of directors) Rules, 2014 (Chapter 11), the following class of companies are required to appoint at least one Woman Director- (i) every listed company; (ii) every other public company having –
Rules governing maintenance of cost accounting records and cost audit as per Section 148 of the Companies Act, 2013: The Central Government issued Companies (Cost Records and Audit) Rules, 2014 on June 30, 2014. Subsequently, various amendments are carried out in the above rules as enumerated below from time to time till date:
GST Law is the biggest indirect tax reforms in India after Independence which is going to impact one and all, right from the business fraternity to a common men. The Model GST Law is already released which gives us an opportunity to analyse various draft provisions beforehand and give suggestions for a better law.
Central Government hereby notifies that no deduction of tax shall be made from payments of the nature specified in section 193 or section 194A or section 194-I of the said Act to the Tirumala Tirupati Devasthanams, Tirupati, Andhra Pradesh.
Unlike the equity fund, debt fund provide conservative returns to its investors. All the same, it is the ardent wish of every investor to gain something extra from their investments. If only the fixed deposit (FD) would give us a higher return whenever the interest rates experience a high. That is not to be, because investments made in FD will only provided fixed returns as promised in the beginning.
The CBDT Instruction no. 6/2016 has been issued on 7th September 2016 for the purpose of engagement of Special Public Prosecutors (SPPs) by the Income Tax Department before the Courts of Session and its Subordinate Courts all over India, after obtaining the concurrence of Ministry of Law & Justice.
