Where AO allowed set off of interest earned on fixed deposits against interest payable on borrowings then such allowance was erroneous and prejudicial to revenue, therefore, CIT rightly invoked revisionary jurisdiction.
Finally, after the long wait of almost nine years, regulating the Real Estate sectors became a reality with Real Estate (Regulation and Development) Act, 2016’ came into force on May 1, 2017 in entire Country.
GST on gold industry has been pegged at an 5% rate. Due to GST, there will be no distinction between manufacturing and trading, no separate books, will be required to maintain. Moreover it will also reduce the cascading tax effect. The various aspect of jurisprudence, on gold jewellery, is discussed which may be helpful to the trade.
Central Government hereby authorises the Reserve Bank of India to issue such directions to any banking company or banking companies which may be considered necessary to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016.
Over the last three years, entrepreneurship has captured India’s imagination, and for good reasons. Never in our history has it been possible for first-generation entrepreneurs to start companies, raise seed capital and build a business in the way we have seen in recent times.
A few weeks ago, Akash Jain, a young entrepreneur from Bengaluru, tweeted the Swachh Bharat logo printed on his sister’s wedding card and became the toast of mainstream media.
Commission felt that DoP&T and Department of Posts necessarily need to coordinate and initiate steps to introduce RTI stamps or numbered RTI coupons to eliminate prevailing ambiguity with regard to Rule 06 of the RTI Rules, 2012, on the mode of payment of RTI Fee keeping in view the experience in handling similar issues on a day to day basis.
A centralised database of cyber criminals should be maintained to keep a check and discourage cyber criminals from engaging in spurious activities in cyberspace, according to a recent ASSOCHAM- Mahindra EY joint study. There is a need to establish a centralised repository for cyber security standards, best practices and guidelines, which can be used by law enforcement agency for preventing and investigating cyber crime, noted the conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with EY.
The desire to succeed, right intentions and obstacles make a man. This is what Actor Boman Irani sought to purvey in ‘The Journey: Life, Learning & Leadership Lessons’ at a session organised by FICCI Ladies Organisation (FLO) here today.
It has come to the notice of the Authority that few insurers are interpreting the captioned circular in a manner which would delay the release of fund value under discontinued unit linked products even when the policyholders have opted for complete withdrawal within the lock-in period or when no option is exercised.
