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Procedure for Transfer from RPF / Superannuation fund to NPS

March 6, 2017 6732 Views 0 comment Print

Clarification on Transfer of amount from recognised Provident Fund/Superannuation fund to National Pension System (Applicable for the individual employees)

All about Trade Mark and Trade Mark Application in India

March 6, 2017 13026 Views 0 comment Print

A registered trademarks agent may apply in Form TM-G for alteration of his name, address of the place of residence, address of the principal place of business or qualifications entered in the register of trademarks agents. On receipt of such application and the fee prescribed in that behalf, the Registrar shall cause the necessary alteration to be made in the register of trademarks agents.

The Fastest Growing Major Global Economy in the World

March 5, 2017 735 Views 0 comment Print

India remains one of the fastest growing emerging market economies driven by key structural reforms, normal monsoon and reduced external vulnerabilities. The Q3 GDP estimates of 7 percent growth indicate that the key domestic risk of demonetization has not undermined the growth momentum and growth prospects for 2017-18 remain bright.

Consideration for right to use copyright in “literary work” is Royalty

March 5, 2017 3654 Views 0 comment Print

Whether the term literary work as mentioned in the definition of royalty in the treaty would include software or not? As per the provisions of section 2(o) of the Indian Copyright Act, 1957, the term literary work includes computer programs, tables and compilations including computer data base.

Interest subsidy under WBIS 2000 and TUFS is a capital receipt

March 5, 2017 3192 Views 0 comment Print

That on the facts and in the circumstances of the case, Ld. CIT(A) has erred in allowing assessees claim of interest subsidy as capital receipt and thereby deleting the addition of Rs.1,50,03,609/- without appreciating the fact that the amount is in the nature of revenue receipt .

Ban on Election Exit Polls to continue till 5.30 PM on 8/3/2017

March 5, 2017 1011 Views 0 comment Print

The Commission had notified the period of prohibition of conduct of Exit polls for on-going State legislative assembly elections of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh vide Notification dated: 27th January, 2017. The period notified was from 7.00A.M on 04/02/2017 to 17.30 Hours (5.30 PM) on 8/3/2017.

Large imports of items like electronics run counter to Make in India

March 5, 2017 924 Views 0 comment Print

For success of its flagship programme to boost manufacturing within the country, the government’s Make in India should first target high import intensive items like electronic goods, machinery, steel and transport equipment which together add close to USD nine billion or over 27 per cent of the country’s monthly import bill, according to an ASSOCHAM analysis.

11th Meeting of GST Council held on 4th March 2017

March 4, 2017 3273 Views 3 comments Print

GST Council in its 11th Meeting held on 4th March 2017 approved CGST / IGST Laws, Cap rate and restaurants having turnover upto 50 Lakhs to be covered under Composition Scheme.

GST Council approves CGST and IGST Bill

March 4, 2017 9567 Views 1 comment Print

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Shri […]

Loss should be recognized immediately if contract cost is likely to exceed revenue

March 4, 2017 1443 Views 0 comment Print

As per AS-7 when the cost of contract is likely to be exceed the contract revenue then the loss incurred on the contract should be recognized as revenue expenditure immediately.

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