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Renewing Term Insurance from an Agent vs. Renewing it Online

September 27, 2017 1587 Views 1 comment Print

Term plans are one of the best types of insurance, owing to the low premium cost and high-value cover. Such plans offer financial security to your loved ones in the case of your sudden demise. If your current term plan is reaching its maturity, you may renew it either from an insurance agent or through […]

Timelines for making applicable/available new Form DPT-3

September 27, 2017 2721 Views 0 comment Print

Clarification regarding the timelines for making applicable/available new Form DPT-3 issued vide the Companies (Acceptance of Deposits) Second Amendment Rules, 2017.

Simplified procedure for stuffing & sealing of export goods in containers

September 27, 2017 7401 Views 2 comments Print

Attention of the Exporters, Custom Brokers and all concerned are invited to the Board Circular No. 26/2017- Customs dated 1st July, 2017, 36/2017- Customs dated 28 August, 2017 and 37/2017- Customs dated 20th September, 2017 on the above mentioned subject prescribing norms for grant of Self Sealing Permission to the exporters intending for factory/warehouse stuffing of export goods.

MGST: Reverse charge on services provided by Individual Advocate

September 27, 2017 1806 Views 0 comment Print

No. MGST- 1017/C.R. 171 /Taxation-1.Services supplied by an individual advocate including a senior advocate by way of representational services before any court, tribunal or authority, directly or indirectly,

GST Revenue Figures – As on 25th September, 2017

September 26, 2017 2658 Views 1 comment Print

GST was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283 crore.

Critical aspects related to digital monitoring of GST

September 26, 2017 1215 Views 0 comment Print

As you are aware, the deployment of IT infrastructure to enable the digital monitoring of GST by the Department is in its final stages. On completion of deployment, the documents filed by the taxpayers at the GSTIN portal would be available to all the formations, upto the range level Inspector, for suitable verification.

Proposed Income Tax Rule 39A takes us 30 year back: CTC

September 26, 2017 8082 Views 7 comments Print

The financial information sought for in form 39A is an invasion of privacy. A lot of financial information is price sensitive for a listed entity and filing of such information would cause governance issues. The assessee would be providing information which has neither released to a Stock Exchange nor is in public domain and there is no guarantee that this information which is filed and lying in a folder will not be accessed in a price sensitive manner.

Logic Behind Restriction on Email & Mobile No. for Income Tax Profile update

September 26, 2017 3924 Views 2 comments Print

Income Tax Department is moving towards e-governance in all its functions including assessment and post assessment related activities. It desires that, there should be least or no personal interface with the taxpayers in these proceedings. That means, all the communication between the department and the taxpayers would have to be mainly through e-mail & SMS […]

Corrigendum to UTGST Notification related to GST on Advocates

September 25, 2017 1263 Views 0 comment Print

Corrigendum to Notification No. 13/2017-Union Territory Tax (Rate)- Legal service means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority

Corrigendum to Notification related to GST on Advocates

September 25, 2017 2910 Views 0 comment Print

Services provided by an individual advocate including a senior advocate or firm of advocates by way of legal services, directly or indirectly. Explanation.- legal service means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority

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