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In Amalgamation waiver of Interest is to be Treated as Income: SC

April 13, 2017 1923 Views 1 comment Print

This appeal is preferred against judgement dated 05.04.2005 of the High Court of Karnataka whereby the appeal of Commissioner of Income Tax (Revenue) was allowed setting aside the order to the Income Tax Appellate Tribunal(ITAT) which had granted the benefit of provisions

Petition filed in SC on Mandatory Quoting of Aadhaar for filing ITR

April 13, 2017 2184 Views 0 comment Print

Text of Petition filed in Supreme Court on Mandatory Quoting of Aadhaar for filing ITR is as follows. Matter is expected to come up for hearing on Monday 17th April 2017.

TRQ for Raw Sugar: Amendment in import policy

April 13, 2017 822 Views 0 comment Print

Central Government hereby makes the following amendments in the import policy conditions of ‘Raw Sugar’ classified under Exim Code 170114 of Chapter 17 of ITC (HS), 2017 – Schedule – 1 (Import Policy), as notified vide Notification No 1 dated 05.04.2017, as under:

Amendments in Product Description of 3 items in MEIS Schedule

April 13, 2017 927 Views 0 comment Print

The product description in the MEIS Schedules of Babies Garments and Clothing Accessories of Wool or Fine Animal Hair, Othr Mcanry Parts Of Heading 8485, Other Seats Of Heading 9401 existing prior to Public Notice 61 dated 07.03.2017 has been corrected in line with ITC (HS).

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

April 13, 2017 14367 Views 0 comment Print

GSR ._ In exercise of the powers conferred by section 234 read with section 469 of the Companies Act, 2013, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

Sec. 234 notified: Merger or Amalgamation of Company with Foreign Company

April 13, 2017 3762 Views 0 comment Print

Government hereby appoints 13th day of April, 2017 as date on which provisions of section 234 of Companies Act, 2013 related to ‘Merger or Amalgamation of Company with Foreign Company’ shall come into force.

CENVAT Credit (Second Amendment) Rules, 2017

April 13, 2017 4287 Views 0 comment Print

Seeks to amend CENVAT credit Rules, 2004 to allow the importer of the goods to take Cenvat credit on basis of the challan of payment of service tax by the said importer on the services provided by a foreign shipping line to a foreign charterer w.r.t. goods destined for India.

Centralized Processing Centre (CPC) gets unique Pincode

April 13, 2017 4431 Views 0 comment Print

A unique PINCODE 560500 has been allotted to Centralized Processing Centre (CPC), Income Tax Department located in Bengaluru by the Department of Post. Taxpayers can henceforth address their mails to “Centralized Processing Center, Income Tax Department, Bengaluru 560500” for the purpose of submission of ITR-V forms and other documents which require physical mode of transmission.

IRDA (Insurance Web Aggregators) Regulations, 2017

April 13, 2017 14391 Views 0 comment Print

(a) These Regulations may be called the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017

CBEC Chairman on Implementation of GST

April 13, 2017 2541 Views 0 comment Print

The GST Council has in its 13th meeting held on 31.03.2017, approved nine Rules which have been put in the public domain. The same are available on the departmental website.

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