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Documents to be filed by Patent Agent after electronic submission

May 18, 2016 559 Views 0 comment Print

The documents that are required to be submitted by the Patent Agent in original after filing them electronically as per the provisions of rule 6(1A) of the Patents (Amendments) Rules, 2016, are as under.: (a) The Authorization of Patent Agent or Power of attorney (under rule 135) (b) Proof of the right to make an application (under rule 10)

Form 61- Due Date Extension for quarter ending March, 2016

May 18, 2016 15298 Views 0 comment Print

It is decided that filling of all the fields in Form No.60 shall be considered to be mandatory in respect of transactions entered on or after 1.04.2016. It is also decided that online reporting of declarations in Form No. 61 for quarter ending March, 2016 may be done along with report for quarter ending September, 2016.

Govt designates Special courts U/s. 435 of Companies Act, 2013

May 18, 2016 3658 Views 0 comment Print

Central Government hereby, after obtaining the concurrence of the respective Chief Justices of the High Courts, designates the following Courts mentioned in the Table below as Special Courts for the purposes of trial of offences punishable under the Companies Act, 2013 with imprisonment of two years or more in terms of section 435 of the Companies Act, 2013,

Liability to pay tax on services by arbitral tribunal & its members

May 18, 2016 9361 Views 0 comment Print

Service Tax liability for services provided by an arbitral tribunal (including the individual arbitrators of the tribunal) shall be on the service recipient if it is a business entity located in the taxable territory with a turnover exceeding rupees ten lakh in the preceding financial year.

Right to die, finally on the way to be allowed ?

May 18, 2016 2191 Views 0 comment Print

a) The Union government has, in first week of May 2016, come up with a draft bill on passive euthanasia that gives patients the right to withhold or withdraw medical treatment to herself or himself and allow nature to take its own course.

All about Masala Bonds and its Taxation

May 18, 2016 8521 Views 0 comment Print

Who gave the name Masala Bonds and the reason behind it: International Finance Corporation (IFC) named the rupee denominated borrowings by Indian entities in overseas market as Masala Bonds. IFC named them Masala Bonds to give a local flavour.

Depreciation Rate applicable to wind mill would apply to civil foundation and electric turbine generator for wind mill

May 18, 2016 2427 Views 0 comment Print

As civil work and electric generator are taken to be a part of windmill, rate as is applicable for the depreciation for windmill would apply to the civil foundation and electric turbine generator also.

Commencement of section 2(29), 435 to 438 & 440 of CA, 2013

May 18, 2016 2713 Views 0 comment Print

S.O.1795 (E) Central Government hereby appoints the 18th day of May, 2016 as the date on which provisions of clause (iv) of sub-section (29) of section 2, sections 435 to 438 (both sections inclusive) and section 440 of the said Act shall come into force.

Reg. Testing of samples for presence of Azo Dyes on Textile Import

May 18, 2016 1099 Views 0 comment Print

Australia, Canada, Japan and South Korea have been added in the Appendix-2X under Foreign Trade Policy, 2015 – 20. In addition to countries already included herein, import of Textiles and Textile Articles from these countries is also exempted from testing of samples for presence of Azo Dyes.

CBDT instruction denying refund in Scrutiny cases is Invalid: HC

May 18, 2016 11362 Views 0 comment Print

It is held that Instruction No.1 of 2015 dated 13th January 201shall not hereafter be relied upon to deny refunds to the Assessees in whose cases notices might have been issued under Section 143(2) of the Act.

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