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Legal Binding / Judicial discipline and Contempt of Court – a reality

June 22, 2013 5702 Views 0 comment Print

In order to discuss, legal binding / judicial discipline and Contempt of Court a reality. It will be imperative to go through the Constitution of India. Article 141- Law declared by Supreme court to be binding on all courts- The law declared by Supreme court to be binding on all courts within the territory of India.

Section 7(2) of CST Act, 1956 – A Reality

June 22, 2013 30714 Views 0 comment Print

Section 7(2)- Any dealer liable to pay tax under the sales tax law of the appropriate state, or where there is no such law in force in the appropriate state or any part thereof, any dealer having a place of business in that state or part, as the case may be, may, notwithstanding that he is not liable to pay tax under this act, apply for registration under this Act to the authority referred to in sub-section (1), and every such application shall contain such particulars as may be prescribed.

Tax Collection in Uttarakhand –A Reality

June 22, 2013 3034 Views 0 comment Print

In order to discuss Tax Collection in Uttarakhand, it will be imperative to go through the Preamble of The Uttarakhand VAT Act, 2005, The Uttarakhand (U.P. Taxation and Land Revenue Laws Act, 1975) Adaption and Modification Order, 2002, The Uttarakhand Tax on Entry of Goods into Local Areas Act, 2008, Interpretation of statutes, The Constitution of India.

Corporate Social Responsibility In India

June 22, 2013 1874 Views 0 comment Print

Business scandals involving high profile organizations such as Enron and WorldCom have rocked the corporate world and be-come front-page news. This has shaken consumer confidence in both business leaders and the economy, creating concern about business ethics and governance. As a result, corporate social responsibility (CSR) has become increasingly important. Corporate Social Responsibility is a […]

Transfers & Postings of 48 Joint/Additional CITs (Mumbai)

June 22, 2013 4431 Views 0 comment Print

Chief Commissioner of Income-tax, Mumbai has vide Order No. 1 Dated 20.06.2013 made the transfer and posting of 48 officers in the grade of  Joint/ Additional Commissioners of Income-tax (Mumbai Region) with immediate effect unless specified otherwise :- Download Order No. 1 dated 20.06.2013

SEBI Order in the matter of market manipulation using GDR issues

June 21, 2013 1299 Views 0 comment Print

SEBI had passed an ad interim ex-parte order dated September 21, 2011, in the matter of market manipulation using GDR issues against several entities including Shri Arun Panchariya(hereinafter referred to as AP) and Pan Asia Advisors Limited (now known as Global Finance and Capital Limited.

Article On Introduction of New Audit Report Format By ICAI

June 21, 2013 25565 Views 2 comments Print

Revision in Form and Content of Auditor’s Report [SA 700 Revised)/SA 705/SA706] & Implementation of the same- Articles Discusses on the following Topics :- Extant Provisions Under Companies Act 1956 Applicability Of CARO With Respect To Audit Report Revision In Form And Content Of Auditors Report Implication On SA 700 (Revised) Auditors Report

Customs House Agents Licensing Regulations, 2013

June 21, 2013 4250 Views 0 comment Print

NOTIFICATION NO 65/2013 – Customs,(N.T.) (1) Before granting the licence under regulation 7, the Commissioner of Customs shall require the successful applicant to enter into the bond in Form D and where specified a surety bond in Form E for due observance of these regulations and furnish a bank guarantee, a postal security or National Saving Certificate in the name of Commissioner of Customs for an amount of five lakhs rupees for carrying out the business as Customs Broker.

Territorial Jurisdiction and Delegation of Powers under Profession Tax Act

June 21, 2013 1619 Views 0 comment Print

In exercise of the powers sub-section (1) of section 12 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Mah. XVI of 1975), the Commissioner of Profession Tax, Maharashtra State, Mumbai hereby specifies the entire area comprised within the State or,

Delhi VAT – Last date for submission of information online in Form DP-1

June 20, 2013 2070 Views 0 comment Print

In partial modification of Notification No.F. 3(3 52)/Policy/VAT/20 13/231-241 dated 28.05.2013 regarding submission of information online in Form DP-1, I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section (1) read with sub­section

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