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Archive: October, 2016

Posts in October, 2016

Peak Filing Preparation 2016- MCA 21

October 9, 2016 1762 Views 0 comment Print

ANNOUNCEMENT Sub: Peak Filing Preparation 2016- MCA 21 As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act. To avoid last minute rush and system congestion on the MCA 21 portal on account of annual filings during October / November 2016, we are quite sure […]

Transaction approved by RBI & Govt not sufficient & assessee has to benchmark royalty payment separately

October 9, 2016 1639 Views 0 comment Print

The assessee did not benchmark the royalty payment separately. On enquiry by the TPO, it relied on RBI approval given in 1995 and also on the fact that the assessee earned a gross profit of 41.6%. TPO applied Press Note 9 (2000 series) and restricted it to 1% on the plea that the payment was for use of trademark without transfer of technology.

(I will is a) Self Motivation, (I can is a Self Confidence…)

October 9, 2016 2365 Views 0 comment Print

If you will not believe in yourself, then who will ?? It is not like thinking about world will follow you, it is about you will lead. One can have a role model for an inspiration but still I believe that nothing can change anything unless and until you do not get a voice from your heart to do anything or to achieve anything.

Truth in the Criminal Justice System.

October 9, 2016 2476 Views 0 comment Print

The Indian ethos accords the highest importance to truth. The motto Satyameva Jayate (Truth alone succeeds) is inscribed in our National Emblem Ashoka Sthambha. Our epics extol the virtue of truth. Gandhiji gave us truth – as the righteous means to achieve independence by launching the movement of Satyagraha

Anti-dumping duty on Narrow woven Fabrics Hook and Loop Velcro Tapes

October 8, 2016 3787 Views 0 comment Print

Seeks to impose anti-dumping duty on Narrow woven Fabrics Hook and Loop Velcro Tapes of specified types, originating in or exported from People s Republic of China for a period of five years.

Income Tax (26th Amendment) Rules, 2016

October 8, 2016 5947 Views 0 comment Print

The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) shall specify the procedures, data structures, and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies in relation to the statement referred to in sub-clause (i) of sub-rule (1).

Form No. 68 -Immunity from imposition of penalty- Section 270AA

October 8, 2016 92528 Views 3 comments Print

Form of application under section 270AA.- An application to the Assessing Officer to grant immunity from imposition of penalty under section 270A and from initiation of proceedings under section 276C or section 276CC shall be made in Form No.68

Launch of dedicated website for DGAD, Department of Commerce

October 8, 2016 802 Views 0 comment Print

Ms. Rita Teaotia, Commerce Secretary, launched a more informative, user-friendly, dedicated website (http://www.dgtr.gov.in/) for DGAD for disseminating information/activities being performed by DGAD. She also inaugurated the additional office space developed by NBCC to meet the requirements of increased work responsibilities and to ensure optimal functioning of the Directorate.

False Copyright website

October 8, 2016 940 Views 0 comment Print

It has come to the notice of the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry that a website www.copyright.in is creating a false impression that it is the official website of the copyright registration office in India and inviting applications for protection of the various works i.e. literary, artistic, dramatic, musical, sound recording and cinematographic films along with its evidences.

Rate of exchange of conversion of foreign currency wef 07.10.2016

October 8, 2016 1153 Views 0 comment Print

CBEC hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 07th October, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

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