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Archive: 19 January 2018

Posts in 19 January 2018

Goods And Services Tax (Compensation To States) Amendment Act, 2017

January 19, 2018 3879 Views 0 comment Print

This Act may be called the Goods and Services Tax (Compensation to States) Amendment Act, 2017. (2) It shall be deemed to have come into force on the 2nd day of September, 2017.

No errors In CA Results: ICAI

January 19, 2018 17175 Views 1 comment Print

Institute of Chartered Accountants of India (ICAI) has clarified that there is no error In the results of CA Final examination held in November 2017 declared yesterday (17.01.2018).

ICAI Campus Placement Programme for newly qualified CAs

January 19, 2018 2992 Views 0 comment Print

ICAI) is pleased to invite the companies at the forthcoming Campus Placement Programme for Newly Qualified Chartered Accountants. Committee for Professional Accountants in Business & Industry (CPABI) of ICAI has, since 1995, been successfully conducting this placement programme twice a year and this stands its 47th edition. In short, it is a one stop solution for recruiters and recruitees.

CBI imprisons then Delhi Inspector of Income Tax in DA Case

January 19, 2018 1005 Views 0 comment Print

The Special Judge, CBI Cases, Tis Hazari Court, Delhi has sentenced Smt. Savitri Singh, then Inspector, Income Tax, Survey Unit-I, Income Tax Department, New Delhi to undergo three years Simple Imprisonment with fine of Rs. 5 lakh in a Disproportionate Assets case.

Trademark Rules 2017: 15 Things to Know

January 19, 2018 2991 Views 0 comment Print

This is a welcome step and was long awaited. There was need to have a more robust, efficient and user friendly framework. Hope this will encourage one and all to seek protection of their trade marks.

Allow carry forward of AMT credit in the hands of successor entity

January 19, 2018 4596 Views 1 comment Print

Section 115JD provides for tax credit in respect of alternate minimum tax. The provisions of section 115JC are applicable to persons other than a company i.e. individual, HUF, Partnership firm including LLPs, AOPs etc.

Initial burden on assessee to show that transactions in loose sheet were not in the nature of undisclosed investments

January 19, 2018 783 Views 0 comment Print

Initial burden was on assessee to show that transactions in loose sheet were not in the nature of undisclosed investments. As assessee failed to discharge the same, AO was justified in making addition under section 69.

Sectors benefited by recommendations of 25th GST Council Meeting

January 19, 2018 3087 Views 0 comment Print

Change in rate of tax,Policy announcements , amendments in registration, sector wise benefits consequent to changes extracted

Procedure for Export via Land Customs Stations to Nepal, Bangladesh & Bhutan

January 19, 2018 58923 Views 2 comments Print

Customs Procedure for Export of Cargo in Containers and Closed bodied Trucks from ICDs/CFSs through Land Customs Stations (LCSs) for Export to Nepal, Bangladesh, Bhutan Adoption of ECTS Seal.

CBDT instructions on seizure of jewellery and ornaments are discretionary

January 19, 2018 7566 Views 0 comment Print

Shri Keshav Lila Vs. ACIT (ITAT Indore) CBDT instructions which in our view provides a guideline to the search conducting team that no seizure should be made of the jewellery and ornaments found during the course of search proceedings u/s 132 of the Act, if the same have been duly declared in the wealth tax […]

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