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Unauthorised Practice of Law – A Study

March 28, 2017 11634 Views 5 comments Print

Advocate Rajnish R. Singla “Unauthorized practice of law” (UPL) is an act sometimes prohibited by statute, regulation, or court rules. Definition The definition of “unauthorized practice of law” is variable, and is often conclusory and tautological, i.e., it is the doing of a lawyers or counsellor’s work by a non-lawyer for money. There is some […]

IDS 2016: CBDT guideline for condonation of delay in payment

March 28, 2017 4725 Views 1 comment Print

CBDT decided condonation of delay in payment of instalment under IDS, 2016 shall not be feasible in cases of delays due to (a) Personal/emergency reasons (b) Lack of liquidity (c) Confusion about due date (d) Rush at banks (e) Any other reasons which are attributable to declarants

Salient features of the new Trade Mark Rules, 2017

March 27, 2017 3069 Views 0 comment Print

Government has notified the new Trade Mark Rules, 2017 on 6th March, 2017 to streamline and simplify the processing of trade mark applications in the country. Some of the salient features of the new Trade Mark Rules, 2017 are as under:

FM introduces IGST, CGST, UTGST, GST Compensation to States Bill 2017 in Lok Sabha

March 27, 2017 2136 Views 0 comment Print

Finance Minister Arun Jaitley today introduced today The Goods And Services Tax (Compensation To States) Bill, 2017, The Central Goods And Services Tax Bill, 2017 and The Integrated Goods And Services Tax Bill, 2017. Copy of the same can be downloaded from following link :– Year Bill No. Short Title As  Introduced in Lok Sabha […]

TDS U/s. 194C applicable on taking out final negative of films

March 27, 2017 2334 Views 0 comment Print

It has been submitted that taking out of the final negative of the films does not involve rendering of any technical or professional services. Therefore, TDS is required to be deducted u/s 194C.

TDS deductible U/s. 192 instead of 194J if employee- employer relationship exist

March 27, 2017 18906 Views 0 comment Print

Remuneration paid to six professionals engaged by the company was liable for deduction of tax at source u/s 192 as the same was in the nature of salary as against the claim of the assessee to deduct tax u/s 194J on these payments on the ground that these persons were acting in the capacity of independent professionals and not as employee of the company.

Text of ‘Mann Ki Baat’ programme on All India Radio on 26.03.2017

March 27, 2017 816 Views 0 comment Print

My dear countrymen, we must take our fight against black money and corruption to the next level. Can 125 crore countrymen resolve to undertake 2500 crores digital transactions during this year? We have made an announcement in the Budget. Our 125 crore countrymen, if they wish to do so, they need not wait for a year; they can do it in six months. 2500

Start Up India (New Generation Business)

March 27, 2017 2592 Views 0 comment Print

Startup India is an initiative of the Government of India, which is intended to build a strong eco-system for nurturing innovation and Startups in India that will drive sustainable economic growth and generate employment opportunities for young talent in India.

Loss of Control in a Subsidiary with Multiple Transactions – Ind-As/ IFRS

March 27, 2017 13140 Views 2 comments Print

Whenever there is a disposal into a subsidiary Investment, one has to look at whether it is a loss of control or it’s a disposal without losing the existing control by its Parent Company.

SEBI revisits and recasts guidelines on scheme of arrangement

March 27, 2017 2070 Views 0 comment Print

SEBI has been constantly revisiting the requirements for compliance and submission of documents to stock exchanges in accordance with the requirement under Listing Agreement/ Listing Regulations.

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