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Archive: 02 May 2018

Posts in 02 May 2018

SEBI Master Circular for Credit Rating Agencies

May 2, 2018 1416 Views 0 comment Print

Securities and Exchange Board of India (SEBI) has been issuing various circulars/ guidelines from time to time. In order to enable the industry and other users to have access to all the applicable circulars/ directions at one place, Master Circular for Credit Rating Agencies (CRAs) has been prepared.

Tax Treatment of Cash Credits U/s. 68 of Income Tax Act, 1961

May 2, 2018 14703 Views 1 comment Print

Any sum found credited in the books of the taxpayer, for which he offers no explanation about the nature and source thereof or the tax authorities are not satisfied by the explanation offered by the taxpayer, is termed as cash credit. In this part you can gain knowledge about various provisions relating to tax treatment […]

“Deeming” – ‘A Legal Fiction’ !- Service Tax – A Case Study

May 2, 2018 6294 Views 1 comment Print

The point (s) of dispute pertains to levy of ‘service tax’ in respect of a transaction of sale and purchase of Flat in a building complex (in brief, ST). That is a special kind of property, being unit of a building, having peculiar and distinct characteristics;

Key Points to the Insurance Audits

May 2, 2018 180837 Views 1 comment Print

CA Amresh Vashisht, Meerut The Insurance auditors shall examine policy and liability procedures, risk valuation, tax documents, and various other financial records of insurance. It is to ensure that proper insurance rates and premiums are implemented and regulators laws are being followed by insurance companies. Claims and commissions are also the core areas to verify […]

GST on Advocate services challenged before Gujarat HC: notices issued

May 2, 2018 49329 Views 8 comments Print

Writ petition filed before Hon’ble Gujarat High Court  challenging vires of of The Section 17(2) and 17(3) of the Central Goods and Services Tax Act, 2017 & The Gujarat (State) Goods and Services Tax Act, 2017 vis-à-vis Article 14, 19, 21 & 265 of the Constitution of India to be declared as void and unconstitutional. […]

CBI arrests 4 Deputy Commissioners & one Custom Superintendent

May 2, 2018 3357 Views 0 comment Print

The Central Bureau of Investigation has arrested four Deputy Commissioners and one Superintendent, all from Customs Department, Mumbai and a private person (CHA) in an alleged bribery case.

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