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Brief on Import/Export of Urea & Related Law

October 20, 2016 11932 Views 0 comment Print

Article explain about Compulsory Compliance Requirement for Import / Export of Urea [a Precursor Chemical for manufacture of IEDs].

CBEC ‘Mission Zero’ to reduce pendency

October 20, 2016 2413 Views 0 comment Print

Mission Zero has been launched there with the objective of sharply reducing the pendency of adjudications, refunds, rebates and drawback in a time bound manner. These items of work were picked as they most directly impact the ease of doing business.

Rate of exchange of foreign currency WEF 21.10.2016

October 20, 2016 2443 Views 0 comment Print

Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 21st October, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Wrong marketing of ICAI course by private colleges/institutes

October 19, 2016 3883 Views 0 comment Print

General public are advised not to be swayed by the misleading advertisements/information by some of the colleges/educational institutions/private organizations/institutions which are representing themselves as college of finance/accountancy, offering admission for chartered accountancy course

Tax on distributed income of Domestic Company for Shares Buy-Back

October 19, 2016 3379 Views 0 comment Print

Rule 40BB. Amount received by the company in respect of issue of share- Where the share has been issued by a company to any person by way of subscription, amount actually received by the company in respect of such share including any amount actually received by way of premium shall be the amount received by the company for issue of such share.

Tax Audit & ITR due date extended for J&K State taxpayers

October 18, 2016 1939 Views 1 comment Print

CBDT, hereby extends the ‘due date’ for filing income tax returns and reports of audit under the provisions of Income-tax Act pertaining to Assessment Year 2016-2017 for all categories of taxpayers in the State of Jammu & Kashmir to 31st December, 2016

Appointment of Senior/Junior Standing Counsels in Rajasthan HC

October 18, 2016 2221 Views 0 comment Print

Applications are invited from the Advocates having requisite qualifications and experience for empanelment as Senior / Junior Standing Counsel to represent the Income Tax Department before the Hon.’ble Rajasthan High Court, Jaipur Bench.

Changes in Instruction for engagement of Standing Counsels

October 18, 2016 1894 Views 0 comment Print

Dispute Resolution-In the event of any doubt or difference regarding the fees payable to the counsels, the fees determined by the Principal Chief Commissioner of Income Tax of the Region concerned shall be final and binding.

CBDT revises Bill format for fees of Special Public Prosecutors

October 18, 2016 2401 Views 0 comment Print

CBDT has revised format of Bill for appearance by Special Public Prosecutors for representing Income Tax Department before Courts of Session and its subordinate courts.

Major Achievements of MCA for September, 2016

October 18, 2016 1258 Views 0 comment Print

The Ministry vide notification no. G.S.R. 2843(E), dated 01.09.2016 has notified certain designated Special Courts with the concurrence of the Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, for providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013.

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