I, H. Rajesh Prasad, Commissioner, Value Added Tax, do hereby extend 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 28/02/2017.
The Authority had issued “Guidelines on Appointment of Appointed Actuaries and their Mentors” on 22nd March 2016 to address the supply side gap by supporting young Actuaries with the Mentors. Based on experience and the issues emerged over a period of time, the Authority has proposed to revise the above-mentioned guidelines.
Onus is on the assessee company to bring on record the cogent evidences to prove the identity and creditworthiness of the share subscribers and genuineness of the transaction which in the instant case the assessee is not able to prove the same as per the facts emerging from the records and material before us as […]
Based on the experience gained, since the last amendment effected in the year 2013, the Authority felt that there is a need to amend the IRDA (Appointed Actuary), Regulations, 2000. The basic framework for appointment of Appointed Actuaries and their duties, functions etc. is prescribed in the aforementioned Regulations.
As indicated thereat, a review was undertaken and it has been decided that till further instructions SBNs deposited in the currency chests, since November 10, 2016, will be considered as part of the chest balance in the soiled note category but such deposits will not be reckoned for calculating Chest Balance Limit / Cash Holding Limit.
At page 26, in line 3, for Currency in which value of taxable service charged read Currency in which value of taxable service charged and the exchange rate of currency taken in Rs
Recently ITAT-SB at Hyderabad in Nagarjuna’s case held that even if a non resident does not obtain a PAN, the tax deductor need not deduct TDS at higher rate of 20%.
Goods and Services Tax, as the name suggests is a tax on every supply of goods and/or services. GST is a metamorphic reform, which is finding its way towards the final stage i.e. implementation slowly and steadily.
India is witnessing a sea change in the indirect taxes regime. The implementation of much awaited Goods and Services Tax, which is major taxation reforms taken by the Government since independence, is around the corner. This new law would directly or indirectly affect every section of the society be it Manufacturer, Traders, Retailers, Service Provider, […]
Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30, 2017. States also asked to comply with the spirit of the Act of Parliament. Buyers entitled to relief under the Act from May 1st this year. Only four States and 6 UTs notify Real Estate Rules; alleged violations of Act referred to Parliament Committee.
