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Archive: March, 2017

Posts in March, 2017

Penal Law related to Hate Speech in India

March 29, 2017 2295 Views 0 comment Print

It is difficult to define hate speech as any ambiguity in a definition may allow intrusion into freedom of speech and expression. The erstwhile section 66A of the Information Technology Act, 2002 which was struck down in Shreya Singhal113 is an example wherein the vagueness of the legal provision led to misuse of the law.

Employees’ Provident Funds (Seventh Amendment) Amendment Scheme, 2017

March 29, 2017 2793 Views 0 comment Print

1. (1) This Scheme may be called the Employees’ Provident Funds (Seventh Amendment) Amendment Scheme, 2017. (2) It shall come into force on the day of April, 2017.

Employees’ Provident Funds (Third Amendment) Scheme, 2017

March 29, 2017 5181 Views 0 comment Print

1. (1) This Scheme may be called the Employees’ Provident Funds (Third Amendment) Scheme, 2017. (2) It shall come into force on the 1″ day of April, 2017.

Download Automatic TDS Delayed Payment Interest Calculator

March 29, 2017 252689 Views 13 comments Print

Sometimes Deductor deposit TDS after the due date without Interest, hence when return processed, demand notice raised by TRACES and penalize heavy interest on late payment. But some Deductor does not know how to calculate Interest on delay TDS Payment.

Time of Supply of services under Revised GST Model

March 29, 2017 6417 Views 2 comments Print

Under the new regime of Revised Model GST Law levy of GST is based upon the term supply and accordingly the first step is to know whether a person, who is engaged in the business has made any supply of goods and / or services; and whether these supplies are taxable under GST.

GST and SCNs issued by MCA for non compliance with Cost Audit Provisions

March 29, 2017 4929 Views 0 comment Print

Show Cause Notices (SCNs) issued by MCA for non compliance with the Cost Audit Provisions: Is it a beginning to ensure collection of authenticated data at HSN code level for GST

“Double- double test” – Embedded Derivatives as per Ind-As/ IFRS

March 29, 2017 6081 Views 3 comments Print

All derivatives which are embedded with any host liability are required to be assessed if that derivative part needs to be separated or not as per the below requirement of Ind-As 109 Financial Instruments

Courts not meant for Frivolous Litigation; No Stay on Release of Phillauri: Bombay HC

March 29, 2017 1431 Views 0 comment Print

Plantiff says that there is urgency because the Defendants’ film Phillauri, alleged to be in violation of the Plaintiffs’ copyright in their 2013 Gujarati, Bhojpuri and Nepali film Mangal Phera, is slated for public theatrical release just a few day hence — this very Friday, 24th March 2017.

CBI registers case against Syndicate Bank Managers, CA, Builder etc.

March 29, 2017 3780 Views 0 comment Print

CBI registered case on a complaint from Syndicate Bank against two then AGMs & two then Chief Managers of Syndicate Bank and six private persons including CA, Builder etc. related to a fraud in its two branches at Jaipur and one at Udaipur (Rajasthan).

Rule of supply under GST- A keystone

March 29, 2017 3795 Views 0 comment Print

GST is paving the way for a robust and concentric administration of all the Indirect Taxes in India. With the introduction of concept of Supply under the Central Goods and Services Tax Bill, 2017

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