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Archive: 20 February 2018

Posts in 20 February 2018

Importance of 31st January, 2018 for the Share Market!

February 20, 2018 97548 Views 9 comments Print

Arjuna, This year the Budget suggests certain changes relating to Income tax. One of the important changes among that is Long Term Capital Gain on equity shars or equity oriented mutual funds.

Remedy U/s. 264 could not be treated as regular remedy by passing regular remedy of appeals

February 20, 2018 1722 Views 2 comments Print

Remedy under section 264 could not be treated as regular remedy by passing regular remedy of appeals. Where assessee preferred petition under section 264 deliberately avoiding availing of regular remedy, it was rightly rejected and therefore, writ petition was to be dismissed.

Procedure for online registration of Trust in Maharashtra

February 20, 2018 19962 Views 0 comment Print

In this article we will understand the procedure for online registration of Trust under Maharashtra Public Trusts Act, 1950 on charity organization website www.charity.maharashtra.gov.in.

GTA Services in GST – Detailed Analysis

February 20, 2018 6099 Views 4 comments Print

GTA services under GST is very confusing and complicated . The video link given here is an attempt to remove the confusion and bring clarity towards the provisions of RCM in GST for GTA Services as defined U/S 9(3) of CGST ACT 2017.

Computation of Daily Contract Settlement Value – Interest Rate Futures

February 20, 2018 564 Views 0 comment Print

Kindly refer to SEBI circular CIR/MRD/DRMNP/35/2013 dated December 05, 2013 and circular CIR/MRD/DRMNP//11/2015 dated June 12, 2015 on Exchange Traded Cash Settled Interest Rate Futures (IRF) on Government of India security.

Amendment in Foreign Trade (Exemption from application of Rules in certain cases) Amendment Order, 2017

February 20, 2018 1971 Views 0 comment Print

Modification in Section 3(1) Section 3(1) (c) of the Foreign Trade (Exemption from application of Amendment Order, 2017 is notified vide Notification No. 51/2015-2020

Cyber attack on City Union Bank’s SWIFT System: Loses $2 million, retrieves half

February 20, 2018 22323 Views 0 comment Print

It is clarified that the modus operandi of this event has nothing to do with the happening in one of the largest Public Sector Banks. The incident happened in our Bank is because of the cyber attack initiated by the international cyber criminals and there is no evidence of internal staff involvement.

HC finds no merit in Challenge to Reassessment Notice issued to Robert Vadra’s Firm

February 20, 2018 1854 Views 0 comment Print

Delhi High Court has refuses to set aside re-assessment notice U/s. 147/148 issued by Income Tax Department to the partnership firm Sky Light Hospitality, in which Robert Vadra is a partner, in connection with the DLF- Sky Light Hospitality land deal.

PNB Scam a trigger for Govt to Cut stake in banks: ASSOCHAM

February 20, 2018 7518 Views 0 comment Print

The Punjab National Bank’s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 per cent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors

Striking Off (Closing Down) An LLP: An Opportunity at MCA For Defaulting LLPs

February 20, 2018 33066 Views 8 comments Print

Its best for Entrepreneurs having dormant or defaulting LLPs, which are actually not working and upon which there is accruing penalty, to get their LLPs struck off by using the above procedure and get relief from heavy penalties of the Ministry.

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