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Archive: 23 February 2017

Posts in 23 February 2017

Sec. 10(46): CBDT notifies Assam Electricity Regulatory Commission

February 23, 2017 639 Views 0 comment Print

Central Government hereby notifies for the purposes for clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), Assam Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the following specified income arising to that Commission, namely:

Review of law related to Stock Exchanges, Depositories & Clearing Corporations

February 23, 2017 777 Views 0 comment Print

The SEBI Board, in its meeting held on December 22, 2009 decided to constitute a committee to examine issues arising from the ownership and governance of MIIs. Accordingly, a committee was consttuted under Chairmanship of Dr. Bimal Jalan, Former Governor, Reserve Bank of India.

NEW TDS RPU and FUV utility as applicable from 23.02.2017

February 23, 2017 6033 Views 0 comment Print

New versions of e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) are applicable from February 23, 2017 onwards and available at https://www.tin-nsdl.com/etds-etcs/eTDS-download-regular.php 1. RPU Version 1.9 (Java based): For preparing and validating e-TDS/TCS Statement(s) and also contains inbuilt FVUs. 2. FVU Version 5.4: Applicable for Financial Year 2010-11 onwards. 3. FVU Version 2.150: […]

SILO – “An accounting concept” – Ind-As/ IFRS

February 23, 2017 15645 Views 0 comment Print

Silo is relatively new term for many of us. Dictionary meaning of the same is “something which is in isolation”. As the meaning suggest, there are many instances where an entity is operating in a way where its certain/ specified assets & liabilities are being controlled by some other entity in-spite of running overall separate legal entity.

Analysis and Comparison of the Union Budget 2017

February 23, 2017 19866 Views 2 comments Print

This article explains proposed amendment made by Union Budget 2017 in Income Tax, Services Tax and Excise Duty and also compares the amendment with provision before the amendment.

One Day Strike by Income Tax Employees on 16th March, 2017

February 23, 2017 522 Views 0 comment Print

Income Tax Employees Federation, New Delhi has intimated that they will go on One Day strike on 16th March, 2017 in persuasion of 21 Point Charter of Demands.

CBDT SOP for Service Litigation & Vigilance related Court matters

February 23, 2017 3282 Views 0 comment Print

A SOP has now been prepared for effective, efficient and time bound handling of all the cases of service litigation by CBDT. All the field authorities should meticulously observe the prescribed guidelines within stipulated time limits as mentioned in the SOP.

CG notifies National Iranian Oil Company as Foreign Company

February 23, 2017 969 Views 0 comment Print

In exercise of the powers conferred by clause (48) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the national interest, hereby notifies for the purposes of the said clause, the National Iranian Oil Company, as the foreign company

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