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Reg. Import by Actual users holding registration certificate from RNI

June 3, 2016 1261 Views 0 comment Print

Actual users holding registration certificate from RNI can import item covered under Exim Code heading 4801 by filing bill of entry for home consumption or warehousing, at the time of import of goods.

8 Income Tax Provisions Applicable from 1st June 2016

June 3, 2016 23881 Views 0 comment Print

(i) Amendment relating to Advance Tax (The change is effective from financial year 2016-17 onwards) The schedule for payment of Advance Tax by an Individual and other non-corporate assessee has been amended w.e.f. 1st June 2016 as under:

Provisions of Companies Act 2013 applicable wef 01.06.2016

June 3, 2016 21034 Views 0 comment Print

Ministry Of Corporate Affairs has vide Notification No. S.O. 1934(E) dated: 01st June, 2016 notified the date from which 29 Provisions related to Company law will come into effect. In this article we have compiled Text of all these 29 Provisions for ready reference of our readers.

TCS on cash sale W.E.F. 01st June 2016

June 3, 2016 18064 Views 1 comment Print

CA Jugal K Parmar Applicability ⇐ Every “seller” “Seller” as per Explanation (C) to section 206C means – Central Government/’ Any local authority/’ corporation or authority established by or under a Central, State or Provincial Act OR Any Company OR Firm OR Co – operative Society OR An Individual or HUF who is liable to […]

Tax Compliances by Banks- Form 60, 61, 15CC, 15G & 15H

June 3, 2016 23812 Views 3 comments Print

Person who has received declaration in Form No. 60 on or after 1st January, 2016 in relation to transactions specified in Rule 114B shall : 1. Furnish a statement in Form 61 containing particulars of such declaration to the Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data.

Agencies Authorized to issue Certificate of Origin-Non-Preferential–reg.

June 3, 2016 868 Views 0 comment Print

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (FTP), 2015-2020, the Director General of Foreign Trade hereby authorizes the following agencies to issue Certificate of Origin (Non-Preferential):

Service Tax Department Cannot Conduct Audits of Assessees: HC

June 3, 2016 9358 Views 1 comment Print

declares Rule 5A(2) as amended in terms of Notification No. 23/2014- Service Tax dated 5th December 2014 of the Central Government, to the extent that it authorises the officers of the Service Tax Department, the audit party deputed by a Commissioner or the CAG to seek production

‘Nexus’ approach to tackle productivity & inequality challenges

June 3, 2016 427 Views 0 comment Print

The Productivity-Inclusiveness Nexus explores the root causes behind each of these challenges, examining the extent to which they are connected, and at how to take a coherent policy response. In particular, it signals the need to expand the productive assets in an economy by investing in the skills of people and in an environment where all firms and regions have a chance to succeed.

Global economy stuck in low-growth trap: OECD

June 3, 2016 484 Views 0 comment Print

The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.

Path to happiness lies in good health and a good job

June 3, 2016 1468 Views 0 comment Print

Being healthy and having a good job are two of the most important ingredients associated with subjective well-being, according to the latest data from the OECD’s Better Life Index.

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