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Law Commission suggests amendment in laws to Curb Hate Speech

March 27, 2017 1965 Views 2 comments Print

Law Commission suggests amendments to the Indian Penal Code, 1860 and the Code of Criminal Procedure, 1973 by adding new provisions on Prohibiting incitement to hatred’ following section 153B IPC and ‘Causing fear, alarm, or provocation of violence in certain cases’ following section 505 IPC, and accordingly amending the First Schedule of the CrPC.

Law commission suggests drastic amendments in Advocates Act

March 27, 2017 17736 Views 7 comments Print

Law Commission recommends that comprehensive amendment should be brought forth in Advocates Act, not only keeping in view the present requirements, but such other requirements that may arise in future for the better management and regulation of the legal profession

CBDT appoints Addl. DGP, EOW & ACB, Chhattisgarh U/s. 138(1)(a)(ii)

March 27, 2017 933 Views 0 comment Print

Central Government hereby specifies Addl. DGP, Economic Offences Wing & Anti Corruption Bureau, Government of Chhattisgarh for purposes of Section 138(1)(a)(ii)

No disallowance U/s. 14A unless Assessee earns exempt Income during relevant previous year

March 26, 2017 3930 Views 0 comment Print

ITAT followed Delhi High Court in Cheminvest and held that, unless during the relevant previous year, assessee earns any exempt income no disallowance under section 14A r/w rule 8D can be made.

ITD searches about 2534 groups of persons

March 25, 2017 2286 Views 1 comment Print

ITD conducted searches in about 2534 groups of persons led to admission of undisclosed income of about Rs. 45,622 crore apart from seizure of undisclosed assets (cash, jewellery etc) worth about Rs. 3,625 crore

Know your Registration Status under GST

March 24, 2017 21993 Views 1 comment Print

The taxpayer may now check their exact status regarding the registration under GST regime Statewise either based on Registration Number or Provisional Id or Permanent Account Number.

GST Working Groups formed to address concerns of Trade and Industry

March 24, 2017 2070 Views 0 comment Print

With the finalization of the Model GST Laws by the GST Council, stage has been set for the introduction of GST as per the deadline indicated by the Council.

United Kingdom (UK) Value Added Tax (VAT) Compliance for Selling Through Amazon FBA

March 24, 2017 1893 Views 0 comment Print

If you sell goods in United Kingdom, it is likely that you will be required to register for Value Added Tax (VAT). VAT in the United Kingdom is a tax on consumer spending.

Unclaimed Deposits in Banks and Insurance Companies

March 24, 2017 1911 Views 1 comment Print

(i) All insurers are required to display the information about any unclaimed amount above Rupees 1000/- of Policyholders in their respective web-site. (ii) A facility shall be given in the web-site of the insurer to enable Policyholders / or its dependents to find out whether any unclaimed amounts due to them are lying with the insurer.

CCI order against CIL and subsidiaries for abusing dominant position

March 24, 2017 1617 Views 0 comment Print

Competition Commission of India (CCI) has found Coal India Limited (CIL) and its subsidiaries to be in contravention of the provisions of Section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair/ discriminatory conditions in Fuel Supply Agreements (FSAs) with the power producers for supply of non-coking coal.

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