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Lok Sabha/ Rajya Sabha to meet on 31.01.2016; Budget on 01.02.2017?

January 7, 2017 2155 Views 0 comment Print

Hon’ble President Shri. Pranab Mukerjee has called Meet of Lok Sabha and Rajya Sabha on 31.01.2017 to Facilitate Presentation of Union Budget 2017 on 01.02.2017 but seeing the protest of opposition political parties, the question is will government present the Budget on 01.02.2017 or it will present after the elections in 5 States.

Income Tax Department Restructured Menu of e-Filing portal

January 7, 2017 8461 Views 2 comments Print

Post login menus of Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/ has been restructured. The Functionalities under menus available post login to e-Filing portal are restructured for making better user experience.

DRI busts Hawala racket, seizes foreign currencies of Rs. One Crore

January 6, 2017 1261 Views 0 comment Print

Delhi Zonal Unit of Directorate of Revenue Intelligence (DRI) busts Hawala racket, seizes foreign currencies worth Rs. One Crore at IGI Airport.

Merger and Amalgamation Under Companies Act, 2013

January 6, 2017 399373 Views 12 comments Print

Companies Act, 2013 has seen the light of day and replaced the 1956 Act with some sweeping changes including those in relation to mergers and acquisitions (M&A).

Report cash deposit in Bank & Post Office A/cs between 01.04.2016 to 09.11.2016

January 6, 2017 49876 Views 1 comment Print

Cash deposits during the period 1st April, 2016 to 9th November, 2016 in respect of accounts that are reportable to be reported by Banks and Post Office.

Indian businesses are most optimistic about economic recovery in 2017: Grant Thornton survey

January 6, 2017 853 Views 0 comment Print

With demonetisation, business optimism in India has seen a new high. As per latest Grant Thornton International Business Report (IBR) survey, Indian businesses are most optimistic about economic recovery in 2017.

Procedure to pay OIDAR Service Tax via foreign banks by NTT Assessee

January 6, 2017 1831 Views 0 comment Print

Procedure for online payment through foreign banks in respect of OIDAR Service Tax Payments by Non Taxable Territory (NTT) Assessees

Assessment Procedures Under GST and Issues Thereunder

January 6, 2017 4969 Views 0 comment Print

GST is a self-assessed destination based tax i.e., every person who requires to get registered under the Act as per Schedule V is a taxable person & the tax payable by him will be self-assessed.

Report on Filing of Appeals by Income Tax Department

January 6, 2017 5770 Views 0 comment Print

The suggestions of Committee to Study Appellate Orders to Examine Filing of Appeals by Income Tax Department before Various Forums are based upon: i) Analysis of actual data collected by the Committee ii) Interaction with the officers of the Income Tax Department iii) Study of the Global Best Practices.

Report on how to Minimize Income Tax Litigation & its Management

January 6, 2017 4444 Views 0 comment Print

Report deals with 1. Issues that give rise to frivolous litigation. 2. Issues that impact the quality of representation and effective management of litigation. 3. Systemic issues impacting effective litigation management and how to deal with these issues.

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