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Archive: 21 August 2017

Posts in 21 August 2017

EPFO: Forwarding of details required for assessment and timely declaration of Productivity Linked Bonus for the year 2016-17

August 21, 2017 864 Views 0 comment Print

The work relating to the assessment of Productivity Linked Bonus for the year 2016-17 has been taken up. The Productive Linked Bonus (PLB) for the employees of EPFO is assessed on the basis of the productivity achieved and manpower used in respect of each Regional Office separately.

CBEC Notification extending the date for filing of GSTR 3B

August 21, 2017 101244 Views 1 comment Print

In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 and notification No. 21/2017-Central Tax dated 08th August, 2017

Section 68: Peak Credit Benefit to accommodation entry provider

August 21, 2017 3444 Views 0 comment Print

 The legal position in respect of an accommodation entry provider seeking the benefit of ‘peak credit’ appears to have been totally overlooked by the ITAT in the present case. Indeed, if the Assessee as a self-confessed accommodation entry provider wanted to avail the benefit of the ‘peak credit’, he had to make a clean breast […]

Treatment of bad debts for computation of book profit u/s 115JA/JB

August 21, 2017 16815 Views 2 comments Print

Brief facts leading to the reference are as under. The respondent assessee is a company registered under the Companies Act. For the assessment year 2003­2004, the assessee had filed return of income declaring nil income. The Assessing Officer framed the order of assessment on 27.03.2006

Treat home buyers at par with banks in realty projects: ASSOCHAM

August 21, 2017 1065 Views 0 comment Print

Give a carve-out to home buyers, treat them at par with banks in realty projects: ASSOCHAM New Delhi, August 19, 2017: ASSOCHAM today impressed upon the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in […]

New Horizons on India’s Foreign Trade in Goods & Services

August 21, 2017 2103 Views 0 comment Print

Even as the weak global trade growth in the last few years largely reflects persistent weakness in the global economy as observed by the World Trade Organization (WTO) in April 2017, India’s foreign trade performance, both on the merchandise goods and in the services fronts, has been singularly showing up positive trends.

EPFO notifies Revised Composite Claim Form for Death cases (PF, EPS, EDLI)

August 21, 2017 5292 Views 0 comment Print

Composite Claim Form for Death cases has been reviewed and accordingly a revised Composite Claim Form for death cases, approved by CPFC, is attached herewith. This claim form shall come into force from the date of issue of this circular.

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