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Notification No. 06/2017-Central Excise (N.T.), Dated: 14.03.2017

March 14, 2017 2721 Views 0 comment Print

In exercise of powers conferred by clause (b) of section 2 of the Central Excise Act, 1944(1 of 1944) read with sub-rule (1) of rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs makes the following further amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), Notification No. 38/2001-Central Excise (N.T.) dated the 26th June, 2001, namely

Launch ITR with e-filing utility for AY 2017-18 in First week of April

March 14, 2017 30351 Views 16 comments Print

Right from the beginning there have been emphasis on the changing and incorporating the suitable provisions in respect of Income Tax Return (ITRs) forms. Going are the days for the manual filling and filing of the ITRs. There is continuous emphasis on the e-filing of the ITRs.

IRDA guidelines for investment in Units of REITs / InvITs

March 14, 2017 1647 Views 0 comment Print

Insurers can invest in Units of REITs / InvITs which conform to the following: i. The REIT /InvIT rated not less than AA shall form part of Approved Investments. REIT / InvIT rated less than AA shall form part of Other Investments.

Govt traces 161 vanishing companies out of 238 identified

March 13, 2017 2567 Views 0 comment Print

Out of the 238 listed companies identified as Vanishing Companies, due to the efforts of the Ministry and law enforcement agencies, 161 such companies have been traced and 77 more companies are still in the list of Vanishing Companies.

Assessment u/s 153A is Limited to search related income only

March 12, 2017 3228 Views 0 comment Print

It is held that the Assessing Officer while framing the assessment under Section 153A of the Act for the block period may make addition considering the incriminating material found for the year under consideration only which was collected during the search.

Equality in World of Workplace: International Women’s Day– March 8

March 12, 2017 684 Views 0 comment Print

We also need to encourage our girls to pursue broad range of careers (like military & sports) and choices beyond the traditional soft jobs like teaching banking etc. We need to teach our girls to dream big.

Lok Sabha Passes the Admiralty Bill,2016

March 12, 2017 1188 Views 0 comment Print

The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by the Lok Sabha yesterday. The Bill aims to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues.

Rule-8D is not attracted if assessee has voluntarily computed disallowance

March 11, 2017 2667 Views 0 comment Print

Under sub-section (2) of Section 14A of the Act, the Assessing Officer is required to examine the accounts of the assessee and only when he is not satisfied with the correctness of the claim of the assessee in respect of expenditure in relation to exempt income,

Download Unofficial/Tentative Draft State Goods and Services Tax Bill, 2017

March 11, 2017 17355 Views 0 comment Print

We have received a copy of Draft State Goods and Services Tax Bill, 2017 on Social Media which is a Tentative Draft dated 28.02.2017. Source of Draft bill is unknown and seems to be leaked by someone who is associated with preparation / Finalization of Bill.  We have uploaded the same on our website for […]

Nari Shakti Puraskars 2016: International Women’s Day– March 08

March 11, 2017 1146 Views 0 comment Print

Women have played an integral role in Indian history from ancient times. We find that in the Vedic or Upanishadic age Maitreyi, Gargi, and others ladies of revered memory have taken the places of rishis through their skill in discussing about Brahman.

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