Article gives An insight on notified provisions of Insolvency and Bankruptcy Code 2016- A CODE THAT PROMISES VIVID FUTURE TO DEBT RECOVERY
Article explains Credit of eligible duties and taxes on inputs held in stock to be allowed to a taxable person switching over from composition scheme
ICAI Designated as First Insolvency Agency in India.ICAI-ARF to help Indian Railways in Accounting Reforms. Ind AS Transition Facilitation Group Issues Clarification Bulletin 6
CBEC vide Circular F.No.390/Misc./163/2010-JC/Pt, Dated: December 30, 2016, has fixed monetary limit of Rs. 20,00,000/- below which appeal shall not be filed in High Court by department.
1. When can a bank initiate a corporate insolvency resolution process in relation to a corporate debtor? a) On determination of default by National Company Law Tribunal. b) Occurrence of default.
43B. Special provision in respect of Employees’ Enrolment Campaign, 2017.— The exceptions and modifications subject to which the provisions of this Scheme shall apply, in relation to the employees’ whose membership have been declared under paragraph 82A of the Employees’ Provident Funds Scheme, 1952
No sum, other than the expenses towards the cost of any benefits provided by or under the Employees’ Deposit-linked Insurance Scheme, 1976, shall be payable by the employer for meeting the expenses in connection with the administration of the said Scheme
The Employees’ Enrolment Campaign, 2017 shall come into force on the 1st day of January, 2017 and shall cease to operate on the 31st day of March, 2017.
The activity of supply of food at Air Conditioned Restaurant was made taxable from 01.05.2011. As per Section 66 of the Finance Act, 1994 person rendering services falling under sub clause (zzzzv) of clause (105) of Section 65 of the Finance Act, 1994, taxable service means
interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,
