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Archive: 02 December 2016

Posts in 02 December 2016

SEBI withdraws margin benefit on spread positions

December 2, 2016 739 Views 0 comment Print

It has been decided that margin benefit on spread positions shall be entirely withdrawn latest by the start of tender period or the start of the expiry day, whichever is earlier.

Expert Group on Audit firms issues to submit report till 15.01.2017

December 2, 2016 1093 Views 0 comment Print

In partial modification of this Ministry Order of even number dated 30.09.2016, the time period provided to the Expert Group Constituted for looking into the issues related to Audit firms and submitting its report is extended till 15.01.2017.

Regulation of Tax Professionals in the Indian Context

December 2, 2016 4888 Views 13 comments Print

It would be difficult to have a well-functioning tax system without tax advisors. Because most taxpayers are not familiar with the intricacies of the tax laws, tax advisors are needed so that taxpayers can fulfill their complicated tax obligations.

Job Work under Revised Model GST Law

December 2, 2016 7567 Views 4 comments Print

If Input received in a factory & removed as such or after being partially processed to Job worker for further processing, repair, testing etc prior to appointed day (i.e. 31.03.2017): No tax shall be payable if such input returned to said factory within 6 months from the appointed day (i.e. Up to 30.09.2017)

Supreme Court Judgement in Context of West Bengal Entry Tax

December 2, 2016 24991 Views 3 comments Print

After SC judgment there is 90% chance that Govt. Of West Bengal issue notice for the collection of due entry tax from the dealers who are not paying.

FAQs on Electronic Toll Collection (ETC) / FASTag

December 2, 2016 5140 Views 1 comment Print

FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid account linked to it. It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas. FASTag has a validity of 5 years and after purchasing it, you only need to recharge/ top up the FASTag as per your requirement.

Present status of modernisation and digitisation of courts in India

December 2, 2016 1132 Views 0 comment Print

The eCourts Mission Mode Project broadly covers computerisation of district and subordinate courts in the country. The national e-Courts portal (http://www.ecourts.gov.in) has been made operational.

Real estate- Mandatory to keep 70% of fund collected from buyer in separate A/c

December 2, 2016 1756 Views 0 comment Print

Whether it is mandatory for developers to set aside 70 per cent of the funds collected from buyers in a separate account and use that solely for funding the construction of the project and if so, the details thereof;

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