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Archive: 30 May 2017

Posts in 30 May 2017

Procedure for Acceptance of SFTs from Sub-Registrar Office & Post Offices

May 30, 2017 4512 Views 0 comment Print

Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962

GST: Payments of Taxes- Part III

May 30, 2017 8763 Views 2 comments Print

The electronic cash ledger under sub-section (1) of section 49 shall be maintained in FORM GST PMT-05 for each person, liable to pay tax, interest, penalty, late fee or any other amount, on the Common Portal for crediting the amount deposited and debiting the payment there from towards tax, interest, penalty, fee or any other amount.

Assessment and Examination of consignments/ BOE

May 30, 2017 3789 Views 0 comment Print

It has been observed that in case of consignments/ bills of entry of importers accorded DPD facility and which have not been facilitated by RMS and marked by system for ‘Assessment and Examination’, the Assessing Group orders for a certain percentage of those goods for examination.

New India Must Aspire for Technology Leadership Globally

May 30, 2017 558 Views 0 comment Print

Milestones are usually an occasion to look back and reflect on the past. They are often viewed as opportunities to take stock of the path taken and to evaluate the journey that had been. The third-year milestone of the Narendra Modi led NDA government however marks a different kind of milestone with the government looking to the road ahead with new confidence and renewed focus.

A key link to India’s Development is lying hidden in plain sight- The Indian Women

May 30, 2017 861 Views 0 comment Print

I realized the extent to which India is transforming only when I started getting out of the big cities and visited India’s small towns and villages. The experience was beyond anything I could have imagined and the learning was priceless! It redefined how I saw technology and innovation and made me realize the power of true grit and resilience.

SEBI introduces Online System for Portfolio Managers and Venture Capital Funds

May 30, 2017 708 Views 0 comment Print

In furtherance of SEBI’s endeavor to bring all the intermediary related processes (registration, reporting and other requests) to the online platform, it is hereby informed that an online system is introduced for Portfolio Managers.

India and Russia, hand-in-hand for a bright future

May 30, 2017 933 Views 0 comment Print

India and Russia have recently completed 70 years of diplomatic relations. On April 13 2017, which marked the historic occasion, a grand launch function for year- long celebrations to salute this friendship was held in New Delhi. More than 100 events, which will span diverse areas of bilateral collaboration, will be held both in India and Russia during the year- long celebrations.

Which ITR Applicable to Whom for A.Y. 2018-19 / F.Y. 2017-18

May 30, 2017 77481 Views 17 comments Print

Table explains applicability of ITR 1 SAHAJ, ITR 2, ITR 3, ITR 4 (Sugam), ITR 5, ITR 6 and ITR 7 for Financial Year 2017- 18 or Assessment Year 2018- 19. Article explains whom a Particular ITR is applicable and whom it is not applicable in a Simple and Tabular Format-

Service Tax on Renting of immovable property is Constitutional: Allahabad HC

May 30, 2017 8079 Views 1 comment Print

Nature of the transaction made by the Petitioner with its tenant clearly amounts to renting of an immovable property for the purpose of business or commerce and is, therefore, clearly covered by Section 65(90­a) of the Finance Act, 1994 and service tax is clearly livable thereon

E – Commerce under GST

May 30, 2017 39237 Views 5 comments Print

E- Commerce (electronic commerce or EC) is an online interface business model linking the buyer and seller of goods and services, or the transmitting of funds or data, over an electronic network, internet or online social networks.

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