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CBDT notifies Rule 21AD & Forms No. 10B for exercising Option u/s 115BA(4)

May 2, 2017 4311 Views 0 comment Print

21AD. Exercise of option under sub-section (4) of section 115BA. (1) The option to be exercised in accordance with the provisions of sub-section (4) of section 115BA by a person, being a domestic company, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall be in Form No. 10-IB.

5 Major provisions of Real Estate Act effective from 1st May 2017

May 2, 2017 16755 Views 2 comments Print

Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1, 2017 with the Real Estate (Regulation & Development) Act,2016 coming into force.

Annual Report on Advance Pricing Agreement Programme of India

May 2, 2017 1599 Views 0 comment Print

This Annual Report is also unique because it actually condenses the first five years of the programme (1st July, 2012 to 31st March, 2017) into one report. This was necessary to lend proper perspective to the programme and also to cover all the years in one document. It would be the CBDT’s endeavour to come out with regular Annual Reports every year henceforth.

Devise minimum income schemes for those losing jobs due to automation

May 2, 2017 2178 Views 0 comment Print

With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

From Labour Pains to Labour Gains

May 1, 2017 1647 Views 0 comment Print

While radical labour reforms and greater digitization of labour payments and contracts will make labour markets in India more efficient, the long-term effects of automation need to be addressed. Greater automation of jobs will provide opportunities for the Indian economy to benefit from productivity growth, but we need to put in place policies that will encourage investments and incentivise innovation.

Rajasthan Real Estate (Regulation and Development) Rules, 2017

May 1, 2017 4821 Views 0 comment Print

In exercise of the powers conferred by section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act No.16 of 2016), the State Government, hereby makes the Rajasthan Real Estate (Regulation and Development) Rules, 2017.

EPFO: Revised delegation of financial powers for claim settlement

May 1, 2017 3885 Views 0 comment Print

Since the settlement of claim is done from two different schemes/accounts (A/c-1 for F-19 and A/c-10 for F-10C), for accounting & reporting purpose, two separate receipt numbers are required and may be entered on the single composite claim form. The member would be required to submit a single Composite Claim Form.

Extension of last date for submission of CPT exam application form

May 1, 2017 1251 Views 0 comment Print

It has been decided to extend the last date for submission of examination application forms in respect of CPT to be held in the month of June 2017, as a special case, to 6th May, 2017.

Exemption U/s. 54 cannot be denied for investment in joint name

May 1, 2017 8055 Views 1 comment Print

Assessee was entitled to full exemption u/s. 54 when full amount was invested by assessee even though property was purchased in joint names of assessee and his brother.

Fired from Job for being drunk on the way to duty is Shockingly Disproportionate: HC

April 30, 2017 5655 Views 0 comment Print

An employee wins a foreign jaunt; apart from the pleasure pursuit, the employee will undergo training abroad. On board the flight bound overseas, the employee is found drunk, too much. He is deplaned. The employer treats it as grave misconduct, punishes him —with removal from service. Is the punishment shockingly disproportionate

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