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Revised ITC (HS) code 2017 for all export import related transactions

January 20, 2017 12331 Views 0 comment Print

In terms of Paragraph 2.02 of the Foreign Trade Policy, all imported goods shall also be subject to domestic laws, acts, rules, orders, regulations, technical specifications, environmental and safety norms as applicable to domestically produced goods.

Fair and transparent access to data feeds of stock exchanges

January 20, 2017 661 Views 0 comment Print

Stock exchanges shall formulate a comprehensive policy document for providing stock market related data to the market participants in a fair and transparent manner, irrespective of the type of mechanism used by the stock exchanges for broadcasting of data.

Notification No. 1/2017-Customs Dated: 20.01.2017

January 20, 2017 20923 Views 0 comment Print

Importer (hereinafter referred to as the Infrastructure Service Provider or the ISP) shall produce a certificate to the Assistant Commissioner or the Deputy Commissioner of Customs from the concerned Director of the Software Technology Parks Society set up by the Government of India, Department of Electronics

CBDT kept Indirect Transfer Provision circular in abeyance

January 20, 2017 1003 Views 0 comment Print

Concerns been raised that circular 41/2016 related to Indirect Transfer Provision does not address the issue of possible multiple taxation of the same income.

Nomination of Shares and Rights of Nominees

January 20, 2017 89209 Views 11 comments Print

Companies Act, 2013 allows a shareholder to make nomination with regard to shares held by him in a company. A nomination is a written mandate given by a shareholder to a company describing a particular person, to whom the shares held in the company shall vest in the event of death of the shareholder.

Action Points before GST implementation

January 20, 2017 7159 Views 2 comments Print

GST would become a reality and the nation could witness changes in the traditional ways of doing business. Businesses right now have the option to proactively embrace this reform, understand its intricacies and take a business advantage out of this change by acting immediately.

Explanatory Notes to Provisions of Finance Act, 2016

January 20, 2017 17772 Views 0 comment Print

Circular explain all the changes in Income Tax Act, 1961 carried out by Finance Act 2016 which are applicable for Financial Year 2016-17.

ICAI Orientation Course in Lieu of GMCS-I course

January 20, 2017 3151 Views 0 comment Print

ICAI decided that students registered for Articleship on or after 1st May, 2012 uptill 31st December, 2014 but not completed GMCS-I course, shall be required to undergo Orientation Course (15 days) w.e.f. 1st January, 2017 in lieu of GMCS-I.

Amendment in Maternity Benefits under ESIC

January 20, 2017 4356 Views 0 comment Print

Provided also that the insured woman having two or more than two surviving children shall be entitled to receive maternity benefits during a period of twelve weeks of which not more than six weeks shall precede the expected date of confinement.

Let Budget 2017 be presented on Feb 1

January 20, 2017 9595 Views 1 comment Print

Making a strong appeal to different political parties to let the Union Budget for 2017-18 be presented to Parliament on February 1, the apex industry chamber ASSOCHAM today said the advancement to this effect would help the government to begin its capital and other expenditure right from April and revive the much needed economic growth.

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