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Archive: 08 December 2016

Posts in 08 December 2016

CBEC reduces import duty on wheat from 10 per cent to Nil

December 8, 2016 781 Views 0 comment Print

CBEC reduces import duty on wheat from 10% to Nil without an end date vide Notification No. 60/2016-Customs dated 8th December, 2016

Govt investigating abnormal Inflow of Funds into Jan Dhan Accounts

December 8, 2016 3757 Views 2 comments Print

In order to investigate Income Tax Department has identified local clusters and Bank branches where inflow of Jan Dhan deposits have been more than normal

Empanelment of Senior / Junior Standing Counsels of Income Tax

December 8, 2016 2266 Views 0 comment Print

The office of the Chief Commissioner of Income Tax, Bhubaneswar now invites applications for empanelment of 03 numbers of Senior Standing Counsels

Section 11AC: No Interest / Penalty on value of goods escalated by buyer retrospectively

December 8, 2016 1305 Views 0 comment Print

The fact of the case is that the respondent had cleared their finished goods to their customer by valuing the goods on the basis of purchase order placed by them by their customers. However, consequent upon price escalation, their customers amended the purchase order and revised the price of the goods on the higher side with retrospective effect.

To refer a case to TPO, AO need not have definite finding, Prima Facie opinion is sufficient

December 8, 2016 2890 Views 0 comment Print

Section 92CA(1) does not contemplate that the assessing officer has to first come to a definite finding that there is an international transaction within the meaning of Sec. 92B before he can exercise his power to refer the matter to the TPO.

SEBI Regulation on Conditions of Registration of Certain Intermediaries

December 8, 2016 1483 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016.

Draft Maharashtra Real Estate (Regulation And Development) Act, 2016

December 8, 2016 8752 Views 1 comment Print

These rules may be called the Maharashtra Real Estate (Regulation and Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2016.

How to become a successful mutual fund investor?

December 8, 2016 4336 Views 1 comment Print

In the current oscillating economy and soaring inflation, investing for return is a big challenge. Investors are becoming more growth and return savvy. Mutual funds have become one of the most popular investment vehicles in India, as they come in different flavors to suit the varied needs of the investors

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