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DVAT 3rd quarter of 2016-17 Return Filing due date extended to 31/03/2017

March 17, 2017 4323 Views 0 comment Print

Commissioner, Value Added Tax, Delhi extends the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 31.03.2017.

Maharashtra VAT Launches 3 New Online Facilities for dealers

March 16, 2017 16818 Views 0 comment Print

1. Facility to view draft return before submitting the returns under the MVAT and the CST Act 2. Facility to upload application of refund for the periods from 01 April 2016 onwards 3. Facility to upload application to obtain the e CST declarations for the dealers registered after 25 May 2016

HLC to review Institutionalisation of Arbitration Mechanism in India

March 16, 2017 1191 Views 0 comment Print

Comments invited on working paper of high level committee (HLC) to review Institutionalisation of Arbitration Mechanism in India by 7 April 2017

Cabinet approves additional 2% Dearness Allowance / Relief

March 16, 2017 996 Views 0 comment Print

Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 15.03.2017 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2017. It has increased by 2% over the […]

Cabinet approves National Health Policy 2017

March 16, 2017 1269 Views 0 comment Print

Government of India formulated the Draft National Health Policy and placed it in public domain on 30th December, 2014. Thereafter following detailed consultations with the stakeholders and State Governments, based on the suggestions received, the Draft National Health Policy was further fine-tuned. It received the endorsement of the Central Council for Health & Family Welfare, the apex policy making body, in its Twelfth Conference held on 27th February, 2016.

All about Credibility of Electronic Voting Machines

March 16, 2017 7917 Views 1 comment Print

Credibility of Electronic Voting Machines- regarding. 1. The Election Commission has observed that after declaration of result of the recently held General Elections to the State Legislative Assemblies of Goa, Manipur, Punjab, Uttar Pradesh and Uttarakhand, some political parties have raised voice against the credibility of the ECI-EVMs, alleging tampering of EVMs during the said […]

75% listed companies have appointed Women Directors

March 16, 2017 1566 Views 0 comment Print

Ministry of Corporate Affairs has informed that as per second proviso to sub-section (1) of section 149 of the Companies Act, 2013 provide that prescribed class of companies shall have at least one women director.

Salient features of Draft National Policy for Women, 2016

March 16, 2017 6636 Views 0 comment Print

The policy envisions a society in which, women attain their full potential and are able to participate as equal partners in all spheres of life. It also emphasises the role of an effective framework to enable the process of developing policies, programmes and practices which will ensure equal rights and opportunities for women.

TDS cannot be Adjusted against Tax payable under VDIS, 1997

March 16, 2017 2928 Views 0 comment Print

A person seeking to avail the benefit of VDIS Scheme of 1997 Act must strictly satisfy its provisions as held by the Supreme Court in Hemalatha Gargya v/s. CIT 259 ITR 1. The Apex Court held that the person seeking the benefit of the Scheme of 1997 Act is bound to strictly comply with its conditions like any fiscal legislation and equitable considerations can have no place in construing it.

Capital gains on transfer by a foreign company of shares in another foreign company holding assets in India is taxable in India

March 16, 2017 9072 Views 0 comment Print

We have carefully considered the rival contentions. To put the facts very simply in a narrow compass , the assessee company is a tax resident of United Kingdom which was incorporated on 26th of June 2006. On 30/06/2006

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