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FAQs on Maharashtra Profession Tax Amnesty Scheme-2016

July 26, 2016 25319 Views 1 comment Print

Govt. of Maharashtra has declared an Amnesty Scheme for the persons who have not obtained enrolment certificate yet. Government has decided to take stringent action against the defaulters after the scheme is over. This is the last chance given by Government before initiation of action.

Bid rigging under Competition Act, 2002

July 26, 2016 24568 Views 0 comment Print

The Competition Appellate Tribunal (COMPAT) is established under Section 53A to hear and dispose of appeals against any direction issued or decision made or order passed by the Commission under specified sections of the Act.

S. 10(46) CBDT Notifies Kerala Headload Workers Welfare Board

July 26, 2016 21652 Views 0 comment Print

S.O. 2527(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Kerala Headload Workers Welfare Board, a body constituted by Government of Kerala, in respect of the following specified income arising to that Board, namely:-

Reg. complaints related to Name Reservation or Company Incorporation

July 26, 2016 20799 Views 0 comment Print

If service complaints related to Name Reservation or Company Incorporation are not resolved within 2 working days after a service ticket is raised, Stakeholders may escalate the matter by sending an email to CRC.Escalation@mca.gov.in only in the event of tickets not being resolved within 2 working days. Stakeholders are advised to normally wait for resolution […]

Govt notifies effective date of DVAT (Amendment ) Act 2016

July 25, 2016 19597 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 1 of the Delhi Value Added Tax, (Amendment) Act, 2016 (Delhi Act 03 of 2016), the Lieutenant Governor of the National Capital Territory of Delhi, hereby, appoints the 26th July 2016 as the date on which said Act shall come into force

CBDT enables view of CIB, AIR & other info of Cases Selected in CASS

July 25, 2016 25899 Views 0 comment Print

This year in CASS, two types of cases are selected for scrutiny, one is ‘Limited Scrutiny’ and other is ‘Complete Scrutiny’. The type of case – ‘Limited’ or ‘Complete’ — is displayed on the notice issued u/s 143(2), ‘Scrutiny Register’, ‘MIS Report’ and on the screen showing details of the case.

Abuse of Dominance under Competition Act, 2002

July 25, 2016 26066 Views 0 comment Print

The Competition Act, 2002, follows philosophy of modern competition laws and aims at fostering competition and at protecting Indian markets against anti­ competitive practices by enterprises. The Act prohibits anti­-competitive agreements, abuse of dominant position by enterprises, and regulates combinations (mergers, amalgamations and acquisitions) with a view to ensure that there is no adverse effect on competition in India.

Public procurement under Competition Act, 2002

July 25, 2016 21829 Views 0 comment Print

To sum up, the policy planners, public procurement officials and CCI should work together as a team to deter bid rigging through robust enforcement, increased vigilance, and better designed public procurement programs.

Jargon – The Professional Slang?

July 25, 2016 22634 Views 0 comment Print

In this article, I have attempted to understand how the organizational environment affects our vocabulary, and the words we doll out. I have also laid a special emphasis on the usage of jargons in the corporate environment, and the paradigm shift we are witnessing.

IND AS 10 – Events After The Reporting Period

July 25, 2016 87963 Views 1 comment Print

(a) Event occurring after the reporting period are defined as ‘events which occur between the end of the reporting date and the date when the financial statements are approved by the Board of Directors in case of a company’ and ‘by the corresponding authority in case of any other entity’.

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