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Archive: October, 2016

Posts in October, 2016

Corrigendum to Public Notice No. 38/(2015-2020) dated 06.10.2016

October 25, 2016 6988 Views 0 comment Print

The wordings HMS – I & HMS – II as appearing in Public Notice No.38/ (2015-2020) dated 6th October, 2016 are replaced by cur-shredded Metallic Waste and Scrap.

Amendment in Rules of Appointment of AAR Chairman & Vice-Chairman

October 25, 2016 1975 Views 0 comment Print

Selection Committee.- (1) The Chairman and Vice-Chairman of the Authority shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of the following members,

Amendment in FDI Policy on Other Financial Services

October 25, 2016 1759 Views 0 comment Print

Foreign investment in ‘Other Financial Services’ activities shall be subject to conditionalities, including minimum capitalization norms, as specified by the concerned Regulator/Government Agency.

Postings / Transfers in the grade of CIT of 16 CITs

October 25, 2016 3907 Views 0 comment Print

Order No. 181 of 2016 The following 16 postings / transfers in the grade of Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-

Quarterly SMS on Deposits of TDS to salaried employees

October 24, 2016 3760 Views 0 comment Print

Income Tax Department to directly communicate deposit of tax deducted, through SMS alerts to salaried taxpayers, at the end of every quarter. In case of a mismatch, they can contact their deductor for necessary correction.

GST Law not specified Goods & Services Essential for life

October 24, 2016 2905 Views 0 comment Print

Advocate Rajnish R. Singla The Essential Goods (Declaration and Regulation of Tax on Sales or Purchase) Act,1952 was enacted in the year 1952 to declare certain goods to be essential for the life of the community. Under the Act 15 categories of goods were declared and States were restricted from imposing tax on Sales or […]

Empanelment of CA in practice with MCA as Mediator or Conciliator

October 24, 2016 3505 Views 0 comment Print

Regarding Empanelment of professionals for at least fifteen years of continuous practice as a Chartered Accountant with MCA as Mediator or Conciliator. – (24-10-2016) As you may be aware that Section 442 of the Companies Act, 2013 provides that the Central Government shall maintain a panel of experts to be called as the Mediation and […]

Statutory presumption is always in framing of charge until demonstrated otherwise

October 24, 2016 1080 Views 0 comment Print

The challenge in this petition is to the order dated 07.07.2016 passed by the Additional Sessions Judge, Durg in Sessions Trial No.33 of 2016 whereby the application filed u/s 227 of the Code of Criminal Procedure to discharge the petitioner was rejected. Consequently the charges were framed against the petitioner under Sections 307, 323 read with section 506 Part-II of IPC. The impugned order is filed as Annexure P-1 and the charges so framed is filed as Annexure P-2.

SEBI Clarifies on Disclosures in case of listed insurance companies

October 24, 2016 871 Views 0 comment Print

For the period ending on or after March 31, 2017, the formats for Unaudited/Audited quarterly financial results to be submitted by the Listed Entities, with the stock exchanges, shall be as prescribed in Schedule III to the Companies Act, 2013.

U.S. Taxation – One’s rights as a Tax Payer vis-à-vis an Indian Tax payer & his enshrined role in Indian Income Tax

October 24, 2016 2605 Views 1 comment Print

History reverberates with brazen efforts by crooks to mislead honest & tax paying public. Therefore, recent events in Pune, India with news items of bogus call centres & their attempts to threaten U S tax payers was no surprise.

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