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SC orders attachment of Aamby Valley property in Sahara Case

February 8, 2017 1737 Views 0 comment Print

Learned counsel appearing for SEBI, submitted that the contemnors who own a property situate at Aamby Valley City, Pune, Maharashtra, would be sufficient for realization of whole amount.

Audit Firms approved for Central Statutory Audit in 25 PSBs for 2016-17

February 8, 2017 6939 Views 1 comment Print

Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2016-17 Sr No Auditors appointed for 2016-17 1. Allahabad Bank, Kolkata 1 M/s N C Banerjee & Co., Kolkata 2 M/s Kansal Singla & Associates, Chandigarh 3 M/s Raju & Prasad, Hyderabad 4 M/s De & […]

Salaried Class – The Soft target for Income Tax Collections

February 8, 2017 34098 Views 37 comments Print

As earlier years, this year too salaried class had so much expectation from budget and as earlier years this year too they are disappointed after budget. No new deductions or no enhanced deductions, no rebate, no parity with self-employed/professionals (who are taxed on net income basis).

Advisory to State Governments on Levy of Service Charge by Hotels

February 7, 2017 1560 Views 0 comment Print

Government has received a number of complaints from consumers through the National Consumer Helpline that some hotels and restaurants have been levying service charge at the rate of 5-20 per cent on the bills of food and beverages in lieu of tips which a consumer is forced to pay irrespective of the kind of service provided to him.

CBDT issues Certificates of appreciation to nearly 3.74 lakh tax payers

February 7, 2017 2034 Views 0 comment Print

CBDT has issued the third round of Certificates to nearly 3.74 Lakh tax payers. With this, the total number of certificates issued by CBDT now stands at approximately 23 Lakh.

2494 complains in last 3 years against e-Commerce companies

February 7, 2017 948 Views 0 comment Print

Details of complaints received in National Consumer Helpline against direct selling /e-commerce companies during 2014-15, 2015-16 and 2016-17 (up to December, 2016 ) are as under:

Anti-dumping duty on Hot Rolled products of alloy or non-alloy steel

February 7, 2017 957 Views 0 comment Print

Seeks to extend levy of anti-dumping duty, imposed on Hot Rolled products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil and Indonesia.

SC explains Meaning of compulsory acquisition under Land Acquisition Act, 1894

February 7, 2017 6618 Views 0 comment Print

Merely because the compensation amount is agreed upon would not change the character of acquisition from that of compulsory acquisition to the voluntary sale. It may be mentioned that this is now the procedure which is laid down even under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013

Construction Industry be Careful: Budget overrides Delhi HC Judgment- Suresh Kumar Bansal

February 7, 2017 8667 Views 3 comments Print

Amid of all this steps an amendment has also been made under service tax laws relating to valuation of Construction Service. The real estate sector currently comes under the ambit of service tax, when it receives sum from its buyers during the construction period

Measures to Protect & Promote Domestic Steel Industry Against Cheap Steel Imports

February 6, 2017 1032 Views 0 comment Print

The Ministry of Steel has brought cold reduced low carbon sheets and strips and cold rolled strips under the quality control order vide order dated 18th December 2015.

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