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Archive: March, 2017

Posts in March, 2017

Trade Unions- A Small 5 Point analysis

March 24, 2017 1473 Views 0 comment Print

Generally, ‘Trade Union’ means the formal association of the workers or employees in an organization, a group of trades or profession formed to claim the legitimate rights and promote their common interest i.e. welfare rules for their own welfare.

Draft Law on Ponzi Schemes

March 24, 2017 918 Views 0 comment Print

A copy of the Report of the IMG along with the draft Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill was placed on the website of the Department of Financial Services (DFS) in March, 2016 for eliciting public comments.

ITAT on Commencement of Business of Metro Rail Project

March 24, 2017 1125 Views 0 comment Print

Assessee has taken all the necessary steps to facilitate the building of Metro Rail System. Since the assessee has taken steps in furtherance of its main objects, it cannot be stated that the assessee has not commenced its business.

Shifting of office premises of various formation of Service Tax, Delhi Zone

March 24, 2017 1830 Views 0 comment Print

Consequent upon hiring of new space for the office premises of Service Tax, Delhi Zone i.e. (i) Commissioner of Service Tax, Delhi-I,(ii) Commissioner of Service Tax, Delhi-II, (iii) Commissioner of Service Tax, Delhi-Ill, (iv) Commissioner of Service Tax, Audit-I,

Convertible Bonds Calculations– Equity & Liability portion: Ind-As/ IFRS

March 24, 2017 10685 Views 1 comment Print

Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity & Liability and its related Journal Entry.

GST Simplified Series#1 Concept, Levy, Scope & Applicability

March 24, 2017 25338 Views 11 comments Print

We are pleased to share that we have launched Series GST Simplified wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos.

Principles and Decision-making for wealth creation

March 24, 2017 2886 Views 0 comment Print

Whenever people have surplus money, they want to invest. When they invest, they just want to act or execute. They dont want to spend time on understanding the product and various investment strategies. They would like to take investment decisions without doing any homework.

Impact of GST on Banking Sector

March 24, 2017 37161 Views 5 comments Print

As per Model Law, banks having branches in multiple States and Union Territories (UTs) will be required to register in each such State and UT.

Govt notifies Third Protocol Amending India-Singapore DTAA

March 24, 2017 834 Views 0 comment Print

Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30.12.2016, has come into force on27.02.2017.

Amendment in Custom / Excise to facilitate GST & abolish cesses & surcharges

March 24, 2017 1518 Views 0 comment Print

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime

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