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What is Companies (Mediation and Conciliation) Rules,2016

September 13, 2016 8071 Views 0 comment Print

Section 442 which was enacted on 1st April’2014 authorizes Central Government to maintain a panel of experts to be called as Mediation Panel for mediation between parties during pendency of any proceedings before Regional Director, Central Government or Tribunal or Appellate Tribunal.

Vacancy For CA Having Experience in Statutory Audit with IFRS

September 12, 2016 11185 Views 0 comment Print

Job Description – Candidate is expected to work closely with the Director / Partner to build client relationships. – Work with the Audit practice to execute Statutory Audit / Indian GAAP / IFRS / US GAAP accounting services – Have the ability to work under deadlines and demanding client conditions. – Be willing to travel. […]

Cabinet approves creation of GST Council and its Secretariat

September 12, 2016 3880 Views 0 comment Print

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved setting up of GST Council and setting up its Secretariat as per the following details: (a) Creation of the GST Council as per Article 279A of the amended Constitution;(b) Creation of the GST Council Secretariat, with its office at New Delhi;

Indirect Tax collections upto August 2016 shows 27.5% increase

September 12, 2016 1501 Views 0 comment Print

The figures for indirect tax collections (Central Excise, Service Tax and Customs) upto August 2016 show that net revenue collections are at Rs 3.36 lakh crore which is 27.5% more than the net collections for the corresponding period last year. Till August 2016, 43.2% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.

Direct Tax collections up to August, 2016 shows 15.03% Increase

September 12, 2016 907 Views 0 comment Print

The figures for direct tax collections up to August, 2016 show that net revenue collections are at Rs. 1.89 lakh crore which is 15.03% more than the net collections for the corresponding period last year. Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved.

Alternative Tax Compliance Scheme 2016 for Contractors in Haryana

September 12, 2016 4114 Views 0 comment Print

Governor of Haryana hereby provides for an Amnesty Scheme namely, the Haryana Alternative Tax Compliance Scheme for Contractors, 2016, for the recovery of tax, interest, penalty or other dues payable under the said Act, for the period upto the 31st March, 2014, from such contractors and for such business as provided in the Scheme,

Model Guidelines on Direct Selling

September 12, 2016 2419 Views 0 comment Print

These guidelines, may be called the Direct Selling Guidelines 2016.These are issued as guiding principles for State Governments to consider regulating the business of `Direct Selling’ and Multi-Level Marketing (MLM) and strengthen the existing regulatory mechanism on Direct Selling and MLM, for preventing fraud and protecting the legitimate rights and interests of consumers.

Reg. Rules of Origin under Free/Preferential Trade Agreements

September 12, 2016 1669 Views 0 comment Print

India has signed Free/Preferential Trade Agreements / Comprehensive Economic Partnership/ Cooperation Agreement (FTA/CEPA/CECA) with a number of countries and trading blocks.

Amendment to Schedule V of Companies Act, 2013

September 12, 2016 25456 Views 2 comments Print

Remuneration payable by companies having no profit or inadequate profit without Central Government approval-Where in any financial year during the currency of tenure of a managerial person, a company has no profits or its profits are inadequate, it may, without Central Government approval, pay remuneration to the managerial person not exceeding, the limits under (A) and (B) given below:-

14 FAQs on Direct Tax Dispute Resolution Scheme, 2016

September 12, 2016 4732 Views 0 comment Print

The Direct Tax Dispute Resolution Scheme, 2016 incorporated as Chapter X of the Finance Act, 2016 (hereinafter referred to as ‘the Act’) provides an opportunity to tax payers who are under litigation to come forward and settle the dispute in accordance with the provisions of the Scheme.

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