"07 November 2016" Archive

AOC-4 certification by CA, CS, CMA & Revised fees for DIN allotment & Surrender

G.S.R. 1049(E). (07/11/2016)

AOC-4 certification by the Chartered Accountant or the Company Secretary or as the case may be by the Cost Accountant, in whole- time practice...

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Suggestion on CASS parameters for Returns recd in FY 2016-17

Instruction No. F.No. DGIT(S)/ADG(S)-2/CASS 2017-18/143/2016 (07/11/2016)

CBDT requests feedback on CASS parameters so as to select cases for scrutiny assessment for returns filed in F.Y. 2016-17 to make the process more effective (i) The parameters of selection of earlier CASS runs, which have not yielded revenue even after in-depth scrutiny, which may be considered for exclusion in future CASS run....

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Section 115BA-Depreciation restricted to forty per cent

Notification No. 103/2016-Income Tax (07/11/2016)

In case of a domestic company which has exercised option under sub-section (4) of section 115BA, the allowance under clause (ii) of sub-section (1) of section 32 in respect of depreciation of any block of assets entitled to more than forty per cent. ...

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Highlights on the Draft GST Invoice Rules

Draft GST Invoice Rules- 1. Format: Tax invoice format is prescribed which contains routine details with signature or digital signatures of supplier....

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FDI- Recent Changes and Compliance

In last two years, Government has brought major FDI policy reforms in a number of sectors viz. Defence, Construction Development, Insurance, Pension Sector, Broadcasting Sector, Tea, Coffee...

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Posted Under: Company Law |

GTS Rates and its Impact

GST rates have been finalized in the GST council meeting held on 3rd November 2016. What are these rates and what is its impact?...

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Posted Under: Company Law |

3 Benefits of Using Business Management Software For Small Businesses

Running a small business is no mean feat, considering the competition that you are up against in the market. This means that you have to be constantly on your feet for efficient and smooth running of your organisation....

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Posted Under: Company Law |

RBI permits 49% FDI under automatic route in Pension Sector

The policy makers are determined to attract foreign investment through Foreign Direct Investment (FDI) and continue to revisit sectoral caps and mode of investment in various sectors of the economy. ...

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Posted Under: Company Law |

Section 80IA Incidental income of telecom business, eligible for deduction

Pr. CIT vs. Bharat Sanchar Nigam Ltd. (Delhi High Court)

Assessees engaged in providing telecom services deduction u/s 80IA shall be allowed in respect of even those incidental incomes earned during the course of telecom business...

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External Commercial Borrowings– Clarifications on hedging

RBI/2016-17/110 A.P. (DIR Series) Circular No. 15 (07/11/2016)

Wherever hedging has been mandated by the RBI, the ECB borrower will be required to cover principal as well as coupon through financial hedges. ...

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