Transfer Pricing : Impact of delayed associated enterprise receivables subsumed in working capital adjustment made by the assessee company. Delhi High Court confirms ITAT’s deletion of notional interest adjustment on delayed AE-receivables.
(1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.
As per schedule I supply of service without consideration to related/distinct person will be treated as supply. Admitting a person into a premises for “consideration” alone can be treated as business under Sec 2(17)(f). It is not clear whether schedule I can override section 2(17)(f).
One of the biggest advantages expected from the implementation of GST Act is that it would remove cascading effect by facilitating seamless flow of credit. This would be given effect by providing for the availment of Input Tax Credit (ITC) to the purchasing dealer in respect of the tax (GST) paid by the supplying dealer.
There is a positive mood in the Economy on all fronts and this seems to be perfect time for moving towards GST. The optimistic approach followed by the Finance Ministry and his team along with the GST council for meeting the deadline of 1st July 2017 for implementing GST is now a reality.
Through my article on Secretarial Standards on Meetings of the Board of Directors I have tried to compile all the related provisions and present the same through flow charts. This five page article shall definitely help you in understanding the complete provisions of SS-1 at a glance.
Every cloud has silver lining is a very common phrase often used in English whenever we are trying to uplift someone’s spirits. Silver Lining doesn’t mean the actual boundary line that appears when sun suddenly shines from behind the clouds on a stormy day, even though it makes a beautiful scene. It means that after all the hardships and struggles, there is always hope or a lesson that helps us in our future journey or helps us in not repeating our mistakes in future.
PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc.
It has now been decided to operationalize SEBI Intermediary Portal https://siportal.sebi.gov.in) for the entities to submit the mutual funds registration applications online.
The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction.
