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Treatment of bad debts for computation of book profit u/s 115JA/JB

August 21, 2017 17358 Views 2 comments Print

Brief facts leading to the reference are as under. The respondent assessee is a company registered under the Companies Act. For the assessment year 2003­2004, the assessee had filed return of income declaring nil income. The Assessing Officer framed the order of assessment on 27.03.2006

Maharashtra Value Added Tax (Second Amendment) Rules, 2017

August 20, 2017 1308 Views 0 comment Print

No. VAT 1517/CR 56/Taxation-1.—Whereas, the Government of Maharashtra is satiffied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005

Tax payment, filing of GSTR-3B Return & Transitional Credit for July, 2017

August 20, 2017 15666 Views 3 comments Print

Registered persons planning not to avail transitional credit for discharging the tax liability for the month of July, 2017 or new registrants who do not have any transitional credit to avail, need to follow the steps as detailed below

Section 35(1) (ii) Central Government approves organization M/s Institute for Stem Cell Biology and Regenerative Medicine, Bangalore

August 20, 2017 996 Views 0 comment Print

S.O. It is hereby notified for general information that the organization M/s Institute for Stem Cell Biology and Regenerative Medicine, 8angalore (PAN:- AAATI7342D) has been approved by the Central Government for the purpose of clause (ii) of sub-section (I) of section 35 of the Income-tax Act, 1961 (said Act),

Governance Reforms Bring Big Relief to Working Class

August 19, 2017 1815 Views 0 comment Print

Reforms in governance have completely changed the scenario for the working class in the country. Till few years back workers had to make endless trips to Employees Provident Fund (EPF) offices to get their EPF savings at the end of their career.

Draft Customs Brokers Licensing and Revocation Regulations, 2017

August 19, 2017 1839 Views 0 comment Print

CBEC released on 19th August 2017- Draft Customs Brokers Licensing and Revocation Regulations, 2017 which will be apply on approval to shall apply to a Customs Broker who has been licensed under these regulations or regulations preceding thereto and also such other persons who have been employed or engaged by the said Customs Broker under these regulations or the regulations preceding thereto.

Last Person to be Reached & Empowered

August 19, 2017 3657 Views 0 comment Print

Post-independence story of the common man of India is that of rising and falling expectations. Masses in large numbers helped the leaders to force British empire out in the hope that rule by own countrymen will end their miseries, the outcome of more than a thousand years of foreign exploitation and loot.

Job creation: A priority of government in Independent India

August 19, 2017 951 Views 0 comment Print

Father of the nation Mahatma Gandhi often used to say that India lived in its six lakh villages spread over length and breadth of the country. So no government in independent India can ignore this fact and hence job creation has been central theme of economic policy of all governments.

CBDT notifies revised Form no. 29B for MAT audit with Annexures

August 18, 2017 126273 Views 5 comments Print

Details of the amount required to be increased or decreased in accordance with sub-section (2A) of section 115JB- [Applicable only where the financial statements of the company are drawn up in compliance with the Indian Accounting Standards specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015 for the previous year or any part thereof]

SEBI Advisory on Curbing misuse of bulk SMS in Share Market

August 18, 2017 996 Views 0 comment Print

It had come to the notice of the Securities and Exchange Board of India (SEBI) that there are increasing instances of bulk SMSs being sent to investors and the general public inducing them to invest in or purchase the stocks of certain listed companies, indicating target prices and giving fraudulent misleading/false information.

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