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Archive: 31 March 2017

Posts in 31 March 2017

Panel of Actuaries for General / Health / Life Insurance

March 31, 2017 1200 Views 0 comment Print

The responses received were scrutinised and after due diligence a panel of actuaries is finalised separately in respect of Life Insurance and General Insurance for a period of 3 years from 1-4-2017 to 31-03-2020.

Income Tax dept. Reactivates of link ‘Know your PAN/TAN/A.O.’

March 31, 2017 3684 Views 1 comment Print

Some recent changes were reported by the members at the E filing website of the Income-tax department due to which the link ‘Know your PAN/TAN/A.O.’ was not directly accessible.

IRDA: Report on Persistency rate and Renewal rate

March 31, 2017 3183 Views 0 comment Print

In response to requests received from many of the life insurance companies, the captioned circular has been reviewed by the Authority. It is has been decided to delink the submission of the above report along with the Appointed Actuarys Annual report.

Govt notifies applicability of Maternity Benefit (Amendment) Act, 2017

March 31, 2017 1095 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 1 of the Maternity Benefit (Amendment) Act, 2017 ( 6 of 2017), the Central Government hereby appoints—(i) the 1st day of April, 2017 as the date on which the provisions of the said Act, except sub-section (5) of section 3: and

Lawyers call to protest when Bill is at draft stage is premature: Bombay HC

March 31, 2017 813 Views 0 comment Print

In the light of various judgments of the Apex Court and this Court, we hope that wisdom would prevail on the lawyers, so far as the present call to abstain from work is taken by the respondents. It is needless to say that everyone including the community of lawyers have to abide by the directions of the Apex Court in terms of Article 141 of the Constitution.

“Calls, Puts or Prepayments Options” – Embedded Derivatives as per Ind-As/ IFRS

March 31, 2017 7995 Views 1 comment Print

It is very common to have call, put or prepayment options associated with any debt instrument which talks about the right/ obligations to issuer/ holder for ending this Instrument by settling agreed amount as defined.

Can Government collect tax from Un-registered Person under GST?

March 31, 2017 6225 Views 2 comments Print

Can Government collect tax from Un-registered Person under GST? ..Answer, No (but indirectly, Yes – thru Reverse Charge Mechanism!!)

Advocates on Strike to Protest Advocates (Amendment) Bill, 2017

March 31, 2017 3573 Views 1 comment Print

APPEAL is made to ALL ENROLLED ADVOCATES of Bar Council of Maharashtra & Goa. that Law Commission of India has proposed Amendments in Advocates Act, 1961 by Amendment Bill 2017.

Download Finance Bill 2017 as assented by President

March 31, 2017 16851 Views 0 comment Print

THE FINANCE ACT, 2017- No. 7 OF 2017 of Parliament received the assent of the President on the 31st March, 2017, and is hereby published for general information:

PMGKY related issues: Mismanagement in handling & Issue of Guidelines

March 31, 2017 1533 Views 0 comment Print

We would like to bring to your kind attention, the pressure under which the Assessing Officers are forced to discharge their duties presently. The situation has turned from bad to worse with last minute dissemination of information by the Investigation Wing

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