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Archive: 29 June 2017

Posts in 29 June 2017

Specified Bank Notes can be deposited by DCCBs till 19th July 2017

June 29, 2017 828 Views 0 comment Print

Please refer to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DCCBs Specified Bank Notes (SBNs), received by them from their customers within the period of November 10 to 14, 2016

Mere Material found during survey not gives any authorization to AO to make assessment U/s. 153C & 153A unless the same evidences Income understatement

June 29, 2017 3420 Views 0 comment Print

Supraja’s Sandy Lane Bar & Restaurant Vs. ACIT (ITAT Visakhapatnam) As per 153C of Income Tax Act for invoking jurisdiction, there must be incriminating material found and seized during the course of search in form of money, bullion, jewellery or the evidences indicating the inflation of e expenditure or undisclosed investments or suppression of Income.etc. […]

Maha RERA- 70% Rule -Illustration

June 29, 2017 24375 Views 1 comment Print

Real Estate Regulation Act(RERA) Requires every Promoter(i.e, Builder) to set a side 70% of total receipt from Customer. This Amount can be withdrawn by CA+Architect+Engineers Certificate. Article shows illustration how to calculate Quantum of Amount that can be Withdrawn from such 70% a/c for Ongoing Project & New Project.

Companies (Removal of Difficulties) Order, 2017

June 29, 2017 2136 Views 0 comment Print

And, whereas, re-appointment of liquidators by companies which had passed resolutions for voluntary winding up under the 1956 Act before 1st April, 2017 and making of report by the Official Liquidators to the High Court (wherein reports have been made by liquidators to the Official Liquidators) would create difficulties;

Tax Rate on Goods under Tamil Nadu GST Act, 2017

June 29, 2017 3447 Views 0 comment Print

Goods and Services Tax-Tamil Nadu Goods and Services Tax Act, 2017-Rates of the State tax on goods-Notification-issued

Rate of Tax on Goods under Puducherry GST Act, 2017

June 29, 2017 9993 Views 1 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Puducherry Goods and Services Tax Act, 2017 (Act No.6 of 2017), the Lieutenant-Governor, Puducherry, on the recommendations of the Council, hereby notifies the rate of the state tax

Permanent IEC numbers to be effective from 1.7.2017

June 29, 2017 12912 Views 1 comment Print

The Permanent IEC numbers to be effective from 1.7.2017 have been revised as above to migrate to alpha-numeric format.- Public Notice No. 09/2015-20

Tax Rate on Goods under Tripura SGST Act, 2017

June 29, 2017 2271 Views 0 comment Print

Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017), the State Government, on the recommendations of the Council, hereby notifies the rate of the state tax of-

Tax Rate on Goods under Assam Goods and Services Tax Act, 2017

June 29, 2017 741 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Assam Goods and Services Tax Act, 2017 (XXVIII of 2017), the Governor of Assam, on the recommendations of the Council, is hereby pleased to notify the rate of the state tax of-

Exemption to every person or enterprise who is a party to a combination from giving notice for 5 Years

June 29, 2017 3999 Views 0 comment Print

Ministry of Corporate Affairs issues a notification exempting every person or enterprise who is a party to a combination from giving notice within 30 days for a period of 5 years from the date of publication of the notification;

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