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Archive: 21 March 2017

Posts in 21 March 2017

Order No. 41 of 2017: Transfer and posting in CIT grade

March 21, 2017 4794 Views 0 comment Print

Postings/ transfers in the grade of Commissioner of Income Tax of 8 CITs posted at delhi are, hereby, ordered with immediate effect and until further orders:-

Procedure to apply TAN through SPICe Form No. INC-32

March 21, 2017 3585 Views 0 comment Print

Notification explains Procedure of TAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs.

High expectations riding on new UP Government: ASSOCHAM

March 21, 2017 945 Views 0 comment Print

Faced with high expectations created by a massive mandate given to the BJP, the incoming Chief Minister of Uttar Pradesh has to meet immediate challenges of ensuring much better electricity supply in the coming summer, give urgent relief to Bundelkhand  and find a lasting solutions for arrears of sugarcane farmers, the ASSOCHAM said today. The […]

Leggings (knitted or. crocheted) merit classification under CTH 6115

March 21, 2017 1941 Views 0 comment Print

CESTAT in the case of Commissioners of Customs, Tuticorin Vs. Go Fashions (I) Pvt. Ltd had held the leggings akin to tights and accordingly classified them under CTH 6115. An earlier ruling of the Government of India also held the same.

Vodafone/ Idea Merger “ Option to buy Shares given”- Ind-As Accounting approach

March 21, 2017 3972 Views 1 comment Print

Recent news on approving merger of Vodafone & Idea at their board level has given many questions related to its accounting under the new framework i.e. Ind-As.

Simple way to understand – Financial Asset and Financial Liability

March 21, 2017 38862 Views 0 comment Print

As we know, Companies is required to comply with IND As Provisions and make the opening Ind-AS balance sheet on the date of transition. This is the starting point for adoption of Ind-AS. For this purpose, an entity should, in its opening Ind-AS Balance Sheet:

All about Loan under Nidhi Company in India – Practical Aspect

March 21, 2017 21024 Views 6 comments Print

CA Paras Mehra 1.0 Introduction In this article, we shall discuss the practical aspects about the lending power under the Nidhi Company. Nidhi Companies are one of the special types of companies in India which had a power to accept deposit and lend money. However, for some people it is still a mystery on how […]

Maharashtra State Budget 2017: Disturbance due to Farm Loan Waiver & Silence due to GST

March 21, 2017 1641 Views 2 comments Print

Honorable Finance Minister of Maharashtra, Mr. Sudhir Mangutwar has announced the State Budget for Maharashtra State on 18th March. What are the important things in this State budget?

U. S. Taxation: Student Aid and other scholarships: Taxation aspects

March 21, 2017 1287 Views 0 comment Print

The first part deals extensively the grants, scholarships, loans or other assistance available for students who are American citizens or Green card holders who want to pursue their education either for under graduation or higher education like Master programs.

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