"30 January 2017" Archive

Link BPO promotion scheme with direct tax benefit: ASSOCHAM

Apex industry body ASSOCHAM has suggested the Union Government to link the India business process outsourcing promotion scheme (IBPS) with direct tax benefit....

Posted Under: Income Tax |

No temporary enrollment for Advocate under Advocacy Act: Gujarat HC

Bar Council Of Gujarat & Another V/S Jalpa Pradeepbhai Desai & Another (Gujarat High Court)

An advocate who is in full time employment or full time salaried employee of any firm, corporation or concern could not be entitled to get certificate of practice as long as he/she continues to employment. A professional has to follow the rules and regulations in order to maintain the dignity and standards of legal profession....

Transitional Challenges under Revised Model GST Law

India is committed to implement Goods and Service Tax (GST). GST is expected to be implemented from April 2017 or a little later. The tax system is currently in the drafting stages with a few undecided issues holding up the agreement between the states and the Centre. ...

Posted Under: Income Tax |

D & B Composite CFO Optimism Index declined most in 6 quarters

Dun & Bradstreet Composite Optimism Index for Q1 2017 declined most in six quarters on a q-o-q basis. The Composite CFO Optimism Index declined by around 8.0% on a q-o-q basis...

Posted Under: Income Tax |

Cash withdrawal Limit for Current / CC / OD Account & ATM withdrawn

RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 30/01/2017

Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect....

Union Budget 2017-18: Key expectations and highlights

Amidst expectation of this Budget to be the last Budget for present Indirect tax regime and July 1, 2017 marking GST advent, gist of the key anticipations which could be addressed are as follows: ...

Posted Under: Income Tax | ,

Home loan documents list for under construction property

It has been observed that banks are little apprehensive on approving loan for under construction property in comparison to resale or launched properties. The bank requires thorough documentation of the under construction property stating property validity, completion dates, no objection certificate from the concerned departments, and the ...

Posted Under: Income Tax |

ICAI revises GMCS fees upward to Rs. 7000

You may be aware that the present fee of Rs.5500/- for General Management and Communication Skills Course was fixed way back in 2013 and has not undergone any revision during the last four years....

Posted Under: Income Tax |

Relief by Bombay HC for Joint Development Agreement (JDA)

In this very case, the date on which the developer obtained a commencement certificate is not within the accounting year ending 31st March, 1996. At the same time, if one reads the contract as a whole, it is clear that a dichotomy is contemplated between limited Power of Attorney authorising the developer to deal with the property vide pa...

Posted Under: Income Tax |

Can India’s Insurance Market Deal with Demonetisation?

Article Explains the impact of demonetisation on India's life insurance market can be valued by its short-term and long-term implications. According to the Economic Survey, India's insurance penetration in 2015 (2.7%) continued to be lower than the global average of 3.5%. As if the challenges were not enough, the financial sector now face...

Posted Under: Income Tax |

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