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Archive: 02 May 2017

Posts in 02 May 2017

Contractual Workers eligible for benefits under Maternity Benefits Act

May 2, 2017 6114 Views 0 comment Print

Maternity leave does not change with the nature of employment. It is concerned with human right of a women and the employer and the Courts are bound under the constitutional scheme guaranteeing right to life, a right to live with dignity and protect the health of both mother and child

Export obligation under EPCG and Advance Authorisation Schemes reg.

May 2, 2017 6747 Views 0 comment Print

I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directing initiation of action to safeguard revenue in case of non-submission of Export Obligation Discharge Certificate within the time period stipulated in the relevant Customs notifications. These directions have been reiterated in para 7 (iii) of Instruction dated 18th January, 2011.

10% additional needs to be paid for filing appeal before CESTAT: Larger Bench

May 2, 2017 2853 Views 0 comment Print

Decision of the Division Bench of the Tribunal in the case of ASR Multimetals Pvt. Ltd. (supra) is correct and the appellant is required to deposit separately 10% of the amount of the duty confirmed/ penalty imposed, for preferring of appeal before the Tribunal against the order of Commissioner (Appeals).

CBDT notifies Rule 21AD & Forms No. 10B for exercising Option u/s 115BA(4)

May 2, 2017 4443 Views 0 comment Print

21AD. Exercise of option under sub-section (4) of section 115BA. (1) The option to be exercised in accordance with the provisions of sub-section (4) of section 115BA by a person, being a domestic company, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall be in Form No. 10-IB.

5 Major provisions of Real Estate Act effective from 1st May 2017

May 2, 2017 16806 Views 2 comments Print

Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1, 2017 with the Real Estate (Regulation & Development) Act,2016 coming into force.

Mr. Anthony Lianzuala takes over as New CGA

May 2, 2017 2250 Views 0 comment Print

Government of India had appointed Mr. Anthony Lianzuala, as new Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance with effect from May 1, 2017

Annual Report on Advance Pricing Agreement Programme of India

May 2, 2017 1659 Views 0 comment Print

This Annual Report is also unique because it actually condenses the first five years of the programme (1st July, 2012 to 31st March, 2017) into one report. This was necessary to lend proper perspective to the programme and also to cover all the years in one document. It would be the CBDT’s endeavour to come out with regular Annual Reports every year henceforth.

Devise minimum income schemes for those losing jobs due to automation

May 2, 2017 2208 Views 0 comment Print

With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

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