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Archive: 15 December 2016

Posts in 15 December 2016

Taxation Laws (Second Amendment) Act, 2016 get President’s assent

December 15, 2016 9220 Views 2 comments Print

Taxation Laws (Second Amendment) Act, 2016 / Taxation and Investment Regime For Pradhan Mantri Garib Kalyan Yojana, 2016 received assent of President on 15th December, 2016.

Govt announces prizes / rewards to promote digital payment

December 15, 2016 4009 Views 2 comments Print

NITI Aayog announces launch of the schemes – Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana – for incentivising digital payment

Salary of non-resident for services rendered abroad is not taxable in India

December 15, 2016 2928 Views 0 comment Print

It is not disputed that the petitioner as a marine engineer had rendered services outside India for the period of 286 days. He has received his remuneration for such work from a foreign company. Consequently, the income received by the petitioner for services rendered outside India has to be considered as income received out of India and treated as such.

Selling liquor or tobacco products to a child is punishable

December 15, 2016 886 Views 0 comment Print

All tobacco products and intoxicating liquor and the shops selling them must display a message that giving or selling intoxicating liquor or tobacco products to a child is a punishable crime with upto seven years of rigorous imprisonment and a fine of upto one lakh rupees.

Digital Payment System For Parking Charges At Airports

December 15, 2016 691 Views 0 comment Print

Airports Authority of India (AAI) has issued directions to respective Car Parking Licensees across all AAI controlled airports for evolving a mechanism of e-payment transactions in form of Debit/Credit Cards, Digital Wallets (PayTM, Freecharge, Mobikwik, Reliance Jio etc.)

IBBI (Liquidation Process) Regulations, 2016

December 15, 2016 18775 Views 0 comment Print

(1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. (2) These Regulations shall come into force on the date of their publication in the Official gazzate.

NCLT (Procedure for reduction of share capital of Company) Rules, 2016

December 15, 2016 31987 Views 1 comment Print

These rules may be called National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016 and applicable from 15.12.2016.

5 financial planning tips that makes achieving your financial goals easy

December 15, 2016 5917 Views 0 comment Print

Introduction: Mr. Kumar, aged 47, a marketing professional, is an ambitious investor. He wanted to save funds for the rainy day and lead a comfortable living. He had read and seen people invest in stock, mutual funds and many other investment vehicles.

Complete User Guide for Migration to GST in Punjab

December 15, 2016 11848 Views 0 comment Print

GST Migration starts from 16 December 2016 for State of Punjab. Migration will close on 31st December 2016. Registrants will be provided Provisional ID and Password by ETD, to Login to the GSTN Portal (www.gst.gov.in).

Comparative Analysis of Refund of Tax in Revised GST Law-Part-I

December 15, 2016 3046 Views 0 comment Print

Earlier old GST Law, the limitation of two years for filing refund claim was not applicable for amount paid under protest. This provision has been deleted in the revised GST Law thereby meaning that there will be no mechanism for paying tax under protest.

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