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Archive: 01 June 2017

Posts in 01 June 2017

Govt amends Service Rules of ITAT Members, VPs And President

June 1, 2017 1944 Views 0 comment Print

These rules may be called the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2017.

Insolvency Professionals to act as Interim Resolution Professionals (Recommendation) Guidelines, 2017

June 1, 2017 1182 Views 0 comment Print

Section 16 (3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation of an insolvency professional (IP) who may act as an interim resolution professional (IRP) in case an operational creditor has made an application for corporate insolvency resolution process (CIRP) and has not proposed an IRP. The Board, within ten days of the receipt of the reference from the AA, is required under section 16(4) of the Code to recommend the name of an IP to AA against whom no disciplinary proceedings are pending.

U S Taxation VS other countries’ taxation (China and France) – A comparative study

June 1, 2017 1950 Views 0 comment Print

Nothing invigorates one than a small chat when one returns from other countries. Being a CPA from USA, I invariably invoke the recent tax challenges taken up by the American government for reducing its taxation rate for its tax payers. Just looking at other countries’ position on basic taxation rates itself is an exhaustive exercise. But the motivation to undertake this write up came from a young professional who returned from New York along with myself in an Air India flight. Obviously, at a young age, he has lived in China, France, and others who would give him visa in future, Japan, in particular

Customs Rate of foreign currency exchange WEF 2nd June, 2017

June 1, 2017 3144 Views 0 comment Print

CBEC determines rate of exchange of foreign currencies into Indian currency or vice versa, with effect from 2nd June, 2017, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Scheme for conduct of Awareness Programs for Commodities Derivatives 2017

June 1, 2017 1068 Views 0 comment Print

This document sets contours for conduct of Commodities Derivatives Awareness Programs (CAPs) and gives guidelines to entities who may like to empanel with SEBI as Commodities Derivatives Trainers (CoTs).

Assam Goods and Services Tax Act, 2017 (Download)

June 1, 2017 6591 Views 0 comment Print

GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR LEGISLATIVE DEPARTMENT : : : LEGISLATIVE BRANCH NOTIFICATION The 1st June, 2017 No. LGL.123/2017/11.– The following Act of the Assam Legislative Assembly which received the assent of the Governor on 24th May, 2017 is hereby published for general information. ASSAM ACT NO. XXVIII OF 2017 (Received the assent […]

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