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Archive: 04 December 2016

Posts in 04 December 2016

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4446 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 3921 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Should we paint entire journalist profession with same brush?

December 4, 2016 2584 Views 2 comments Print

Dear AajTak Team, Kudos to your team for identifying (presumably) a professional with not so strong ethics. I have very consciously used the word ‘presumably’ because the footage shown is yet to be tested and the correctness of the same is still to be established.

Risk Based Auditing In Information Technologies Environment

December 4, 2016 6586 Views 0 comment Print

Every organization in pursuit of its Objectives encounters Risks & Perils that hamper growth & sustainability, which have to be contained to meet desired goals. Business, Technological, Operational & Other Risks are its components .Risk management, thus, is as important as the core operations.

Inter-linking provisions in Customs, Central Excise & Service Tax

December 4, 2016 5935 Views 0 comment Print

Inter-linking provisions in Customs Act, 1962, Central Excise Act, 1944 & Finance Act, 1994. Introduction You might have noticed that at times, a statute may have certain provisions, which borrow provisions from other statutes. At times, borrowed provisions of other statutes may be specifically mentioned in the borrowing provision. Sometimes, only power is taken to […]

Organizational Set Up of CBEC after Cadre Restructuring

December 4, 2016 2452 Views 0 comment Print

The Central Board of Excise and Customs is headed by Chairman and consists of six members. The details of Member (CBEC) are as under:-

6 Suggestions on Revised Model Draft GST Law

December 4, 2016 3595 Views 0 comment Print

As per draft law (revised draft),input tax credit to receiver shall be available only when the supplier has paid the tax on supplies made to receiver and the same get matched (i.e. matching of output supplies with input supplies declared by supplier and buyer respectively).Once the credit get matched it will reflect in electronic credit ledger of buyer

Transitional Provisions under Revised Model GST law

December 4, 2016 4663 Views 0 comment Print

There are 33 Sections [ Earlier 22 Sections ]under transitional provision of Revised GST Law when all major indirect tax Act’s going to subsumed under the GST Law.

Approach to Regulation of Tax Professionals

December 4, 2016 1645 Views 0 comment Print

Regulating a profession by imposing conditions for admission inevitably reduces the supply potential of professionals. Therefore, a rough balance between supply and demand for professional services should be maintained. Regulation of Tax Professionals should be similar to that of consumer protection.

Guidance Note on FATCA and CRS updated till 30.11.2016

December 4, 2016 16471 Views 0 comment Print

This Guidance Note is for providing guidance to the Financial Institutions, Regulators and officers of the Income Tax Department for ensuring compliance with the reporting requirements provided in Rules 114F to 114H and Form 61B of the Income-tax Rules, 1962

Income Tax Investigations Unearth Mis-use of Jan-Dhan Accounts

December 4, 2016 7639 Views 7 comments Print

Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in Jandhan accounts have revealed various inconsistencies.

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