A fake audio containing views on economic matters, inter alia, demonetization, tax reforms etc. is in circulation on Social media including Whatsapp in name of CA. M. Devaraja Reddy, President, ICAI.
Relaxations for companies, including start-ups have been provided through changes in various rules notified under Companies Act, 2013, and include following
Information about certain offshore entities reportedly held by various Indian persons had appeared in media, earlier this year. The information is attributed to be part of ‘Panama Papers’ leaks.
The Government has introduced equalization levy of 6 per cent on online advertisers. The Finance Act, 2016 had inserted a separate Chapter VIII titled Equalization Levy in order to tap tax on income accruing to foreign e-commerce companies from India. It was provided that a person making payment exceeding in aggregate 1 lakh rupees in a year, to a non resident
Standing Committee on Finance presented most awaited 37th Report on Companies (Amendment) Bill, 2016. The Standing Committee considered and adopted this report at their sitting held on 30th November, 2016.
Government has taken several decisions to aid the farmers in the current Rabi season to facilitate farming activities and to support rural economy.
Government withdraws exemptions given for the use of Rs. 500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets
WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report
The provisions of the Benami Law need to be understood in simple terms and figuring out its consequences. We will try and break the Benami Law into different important provisions and the basic rationale behind it.
Govt propose to disclose No. of disputes negotiated under Mutual Agreement Procedures of tax treaties along with time being taken to resolve such disputes
