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Archive: 21 September 2017

Posts in 21 September 2017

Every Majority Decision is Not ‘Cartelisation’: Delhi HC in Reliance Jio Vs. Others

September 21, 2017 1614 Views 0 comment Print

Bombay High Court quashed and set aside an order of the Competition Commission of India (CCI) which directed a probe into the ‘cartelisation’ charge leveled against Vodafone India, Idea Cellular and Bharti Airtel Limited, by Reliance Jio.

Advisory Notes to claim credit in TRAN 1

September 21, 2017 26283 Views 12 comments Print

It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration(s) under earlier law(s) of Central Excise, Service Tax and VAT. When these registrations are mentioned in the TRAN 1 form in different tables, and transitional credit is claimed against them, the tax payers get the message of processed with error when they save such details.

Ad hoc disallowance without rejection of books of account is not sustainable

September 21, 2017 3882 Views 0 comment Print

This is an appeal filed by the assessee against the order of Ld. CIT(A)-6, Kolkata dated 13.01.2017 for AY 2011-12. The first issue raised by the assessee is against the action of the Ld. CIT(A) in confirming the addition of Rs.10,747/- which was made by the AO as donation and subscription account.

New Export Procedure with effect from 01.10.2017

September 21, 2017 10545 Views 1 comment Print

CBEC Board has laid down simplified procedure for stuffing and self- sealing of export goods in containers. By prescribing this procedure, the CBEC Board has done away with the sealing of containers of export goods by the departmental officers.

Unveiling the Little Known Secrets on Most Profitable and Best Long Term Stock Market Investment Strategy

September 21, 2017 1719 Views 0 comment Print

All investors would be keen to have answers to these questions so that they scale the pinnacle of success through their most profitable and the best long term stock market investment strategy. Well, bargain per se, is the process of understanding the difference between the price and the value of a product.

Date for filing of original / revised TRAN 1 extended to 31.10.2017

September 21, 2017 21606 Views 10 comments Print

Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Central Goods and Services Tax Rules, 2017 till 31st October, 2017.

SEBI: Integration of broking activities in Equity & Commodity Derivatives Markets under single entity

September 21, 2017 975 Views 0 comment Print

Please find enclosed Government of India Gazette notification no. G.S.R. 664(E) dated June 27, 2017 amending the Securities Contracts (Regulation) Rules, 1957 (hereinafter referred to as SCRR) and Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations 2017 notified on July 13, 2017 (hereinafter referred to as the Stock Broker Regulation).

Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives

September 21, 2017 510 Views 0 comment Print

Attention of Authorized Dealer Category– I (AD Category-I) banks is invited to circular no. FMD. MSRG. No. 75/02.05.002/2012-13 dated March 13, 2013 on the captioned subject wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for reporting FCY- INR and FCY- FCY forward and options trades between AD Category-I banks and their clients

Relaxation under Sub-rule (7) of Rule 19 of SCR Rules, 1957

September 21, 2017 3855 Views 0 comment Print

In order to align the requirements specified for listing under schemes of arrangement under Clause III (A)(1)(b) of Annexure I of the Circular with those specified under Rule 19(2)(b) of SCRR, it has been decided to amend Clause III (A)(1)(b) of Annexure I of Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017 as under:

EPFO commences Real Time Monitoring System for Exempted Establishments

September 21, 2017 1476 Views 1 comment Print

EPFO has implemented online filing of returns by exempted establishments. Subsequent to the introduction of the new software, real time monitoring of exempted establishments has also commenced. It is required that all the exempted establishments/employers are required to file the statutory online returns in time i.e. on or before 25th of the month following that to which it relates.

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