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Archive: April, 2017

Posts in April, 2017

14 FAQs on Security Features of The ECI-EVMs

April 9, 2017 1248 Views 0 comment Print

The following FAQs give a detailed view of security features including latest technological features of EVMs and stringent administrative measures taken at every step of its usage from manufacturing to storage.

CBI register cases against Bank Post officials for RBU Guideline Violations

April 9, 2017 1680 Views 0 comment Print

CBI REGISTERS A CASE AGAINST TWO OFFICIALS OF POSTAL DEPARTMENT AND OTHERS FOR ALLEGED VIOLATIONS OF RBI GUIDELINES AND CONDUCTS SEARCH CBI Press Release – New Delhi, 08.04.2017 The Central Bureau of Investigation has registered a case U/s 120 B r/w 420 & 406 of IPC and Section 13(2) r/w 13(1)(d) of the Prevention of […]

No capital gain tax on amount received from WOS for transfer of shares of WOS to a group of shareholders

April 9, 2017 2787 Views 0 comment Print

It is not in dispute that M/s Annamalaiar Textiles (P) Ltd. did not pay any amount to the shareholders who ultimately got the shares transferred in their names. The respondent was holding 100 per cent shares of M/s Annamalaiar Textiles (P) Ltd., before it was transferred to Group B. No payment was made to the shareholders belonging to Group B and, therefore, the question of there being any capital gains at the hands of the respondent herein does not arise.

Adjudicating Officer required to make an enquiry before imposing penalty

April 9, 2017 5232 Views 0 comment Print

The Adjudicating Officer under Food Safety and Standards Act, 2006 (FSS Act of 2006) is required to make an enquiry before imposing penalty over the person charged for violation of Section 26(2) of the FSS Act of 2006.

Cognizable and non-bailable offence under GST

April 9, 2017 21000 Views 2 comments Print

On 6th April 2017 Rajyasabha has passed four GST bills viz. Central GST Bill 2017, Integrated Goods and Service Tax Bill 2017, the Union Territory Service Tax Bill 2017 and the Goods and Service Tax (Compensation to States) Bill 2017.

Lease contracts with “Inflation- Index”, “Contingent rentals” or “Variable Intt.” – Embedded Derivatives as per Ind-As/ IFRS

April 9, 2017 3693 Views 0 comment Print

Leased Assets are being given to earn rentals and all future rentals normally should be agreed in a way where it can actually beat inflation amount to keep that earning relevant for owner of assets.

GST : The focus shifts to states now

April 8, 2017 3915 Views 0 comment Print

After 29th March, 2017, 6th April, 2017 became a historic day in the journey of GST when Rajya Sabha easily passed the GST Bills after a day long debate. It is important to note that despite an eight hour long debate, Rajya Sabha did not recommend any change in the GST Bills.

Anti-Dumping investigation of Glazed/Unglazed Porcelain/Vitrified tiles

April 8, 2017 4281 Views 0 comment Print

Anti-Dumping investigation concerning imports of Glazed/ Unglazed Porcelain/ Vitrified tiles in polished or unpolished finish with less than 3% water absorption”, originating in or exported from China PR.

“Credit Derivatives ” – Embedded Derivatives as per Ind-As/ IFRS

April 7, 2017 2718 Views 0 comment Print

In finance, a credit derivative refers to any one of various instruments and techniques designed to separate and then transfer credit risk or the risk of an event of default of a corporate or sovereign borrower, transferring it to an entity other than lender or debtholder.

How to Invest wisely?

April 7, 2017 3687 Views 0 comment Print

To understand how to invest wisely, first of all, you need to know why to invest. Only if you understand this part clearly, then you can move on to know how to invest wisely.

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