. This has reference to the SEBI (Share Based Employee Benefits) Regulations, 2014 (the Regulations) notified on October 28, 2014. The Regulations provide for certain processes / disclosure requirements to be specified by SEBI. Accordingly, necessary guidelines are
The income Tax Business Application (ITBA) is planned to be launched shortly and the CIT(A) module is amongst the first modules to be rolled out. This would enable the office of CIT(A) to work on the ITBA system. The CIT(A) module is expected to enhance the efficiency of the CsIT(A) in terms of the ease in handling the appeal workload and its disposal and the automatic generation of MIS for reporting and for control of work.
India is a land of laws. We have to comply with various Acts, Laws, Rules and Regulations in a normal course of business such as Income Tax, Companies Act 2013, Service Tax, Limited liability Partnership Regulations, Partnership Act, Wealth Tax, Value Added Tax (VAT), XBRL etc. While carrying out day to day business operations, it […]
Applications are invited from Chartered Accountants who are willing to work in this office against the vacancies in the cadre of Assistant Audit Officers on short term contract basis. Job description, remuneration payable and other terms and conditions are given below :
I recently read a news article how Timea Bacsinszky reached the semi-finals of the French Open 2015. As per the news reports, Timea entered the semi-finals despite not being among the favorites and that too considering she used to work in a hotel as a worker. The headlines itself was so catchy that I couldn’t […]
For many applications on the TRACES website, deductor is required to provide KYC Validation. KYC Validation refers to three main details to be provided by the user to gain access to facilities such as downloading a justification report, filing an online correction in TRACES, download of Form 16A and so on.
As you all are aware that as per the general principle of service tax law, the liability to pay service tax lies on the service provider but as per Section 68(2) of Finance Act, 1994 read with Rule 2(1)(d)(G) of Service Tax Rules, 1994 in certain cases specifically mentioned therein, there is a reverse charge mechanism whereby the liability to pay service tax is thrust upon the service recipient.
CA Pankaj Kumar Agrawal Today e-commerce has become an integral part of everyday life. Accessibility to E-commerce platforms is not a privilege but rather a necessity for most people, particularly in the urban areas. India is witnessing a digital revolution with internet becoming an integral part of its population and availability of internet in the […]
In An increasingly interconnected world, national tax laws have not kept pace with global corporations, fluid capital, and the digital economy thereby leaving gaps that can be exploited by companies who avoid taxation in their home countries by pushing activities abroad to low or no tax jurisdictions.
It is only when payments are made ‘in pursuance of a contract’ that the provisions of section 194C come to into play. The contract may be oral or written, express or implied but there must be a contract nevertheless. In the present case, however, the payment is on account of legal obligation under section 24(1) of the Punjab water Supply & Sewerage Board Act 1976
