With a view of curbing Black Money in the economy the Ministry of Finance by its notification dated 08.11.2016 had discontinued the then Rs. 500 & Rs. 1000. Still various corporate were found to be involved in transactions which were illegal in nature.
Levy under GST (Section 9) -Every tax law has a charging section which provides for levy of tax on certain premise. Section 9 provides as under: GST shall be levied on intra-statesupply of goods or services or both
As per MCA Notification No. G.S.R. 308(E) dated 30th March, 2017 In the Companies Act, 2013, in Schedule III, in Division I, in Part I under the heading General instructions for preparation of Balance Sheet in paragraph 6, after clause W, the following clause shall be inserted
Ind AS Transition Facilitation Group (ITFG) of Ind AS (IFRS) Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or implementation of Ind AS under the Companies (Indian Accounting Standards) Rules, 2015, raised by preparers, users and other stakeholders.
In a case, where the attitude of a lawyer is contemptuous, the Court may initiate the proceeding for contempt against the lawyer and restrain him from appearance. In Supreme Court Bar Association v. Union of India29, the Supreme Court held as under
Order No. 45 of 2017 – Posting of Assistant Commissioners of Income Tax (Probationers) on completion of training at National Academy of Direct Taxes (NADT) – reg.
The President is pleased to order that following Assistant Director (Systems) be promoted to the grade of Deputy Director (Systems) in Pay Band 3, Rs.15,600-39,100/- plus Grade Pay of Rs. 6600/-, (as per 6th Pay Commission) with effect from 01.04.2017 or the date of their joining in the higher grade, whichever is later, until further orde
There has been request from various stakeholders for issue of compilation of such Public Notices issued in relation to Direct Port Entry (DPE) Procedure. Accordingly, brief about each Public Notice is given below in tabular form:
Rates of interest on various small savings schemes for the first quarter of financial year 2017-18 starting on 1st April, 2017 and ending on 30th June,2017, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:
It has been noticed that Containers declared to be containing Hazardous cargo are allowed Direct Port Entry without examination, even if RMS Instructions are for Open & Examination.
