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Archive: 07 February 2017

Posts in 07 February 2017

Draft Ind AS compliant Schedule III to Companies Act 2013 for NBFCs

February 7, 2017 3060 Views 0 comment Print

Following is the Exposure Draft of the Ind AS-compliant Schedule III to the Companies Act, 2013, for Non-Banking Financial Companies (NBFCs) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Need to raise Personal Income Tax-GDP ratio : Revenue Secretary

February 7, 2017 1188 Views 0 comment Print

Most challenging task for the government is to increase the share of personal income tax in GDP, which at present was abysmally low. He said that personal income tax has a share of a mere two per cent, which needs to be raised substantially.

Service Tax not payable on Naturopathy treatment

February 7, 2017 1404 Views 0 comment Print

Manthena Satyanarana Raju Charitable Trust Vs Union of India (Telangana High Court) petitioner was providing various services, such as, steam bath, sauna/infrared bath, foot and arm bath, whirlpool bath, circular jet, full emersion bath, spinal spray, spinal bath, hip bath, hydro deluxe bath, jacuzi, mud bath, neem paste bath, plant leaf bath, sand bath, massage, […]

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