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Employees’ Provident Funds (Third Amendment) Scheme, 2017

March 29, 2017 5136 Views 0 comment Print

1. (1) This Scheme may be called the Employees’ Provident Funds (Third Amendment) Scheme, 2017. (2) It shall come into force on the 1″ day of April, 2017.

CBI registers case against Syndicate Bank Managers, CA, Builder etc.

March 29, 2017 3777 Views 0 comment Print

CBI registered case on a complaint from Syndicate Bank against two then AGMs & two then Chief Managers of Syndicate Bank and six private persons including CA, Builder etc. related to a fraud in its two branches at Jaipur and one at Udaipur (Rajasthan).

Rule of supply under GST- A keystone

March 29, 2017 3789 Views 0 comment Print

GST is paving the way for a robust and concentric administration of all the Indirect Taxes in India. With the introduction of concept of Supply under the Central Goods and Services Tax Bill, 2017

TDS U/s. 195 not applicable on Payment under Secondment if same is taxable in India as Salary

March 28, 2017 4980 Views 0 comment Print

By way of this appeal, the assessee appellant has challenged correctness of learned CIT(A)’s order dated 10th Jul 2012, in the matter of assessment under section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) for the assessment year 2009-10.

No LTC / Tax benefit on Foreign Tours provided to staff, TDS deductible

March 28, 2017 6903 Views 0 comment Print

The provisions of the Act are in relation to the travel concession/assistance given for proceeding on leave to any place in India and the said concession is thus exempt only where the employee has utilized the travel concession for travel within India. Further under Rule 2B of the Income Tax Rules the condition for allowing exemption under section 10(5) of the Act are laid down.

Wind up Petition by employee claiming unpaid Salary is Maintainable

March 28, 2017 8889 Views 0 comment Print

An employee can maintain a Petition for winding up of a Company under section 439 r/w sections 433(e) and 434 of the Companies Act, 1956 as a creditor based on the claim of the recovery of his unpaid salary and wages.

Reminder cannot be construed as an admission of non-service of notice: SC

March 28, 2017 3297 Views 1 comment Print

There is no bar under the N.I. Act to send a reminder notice to the drawer of the cheque and usually such notice cannot be construed as an admission of non-service of the first notice by the appellant as has happened in this case.

TDS on post film production services outside India by foreign Company

March 28, 2017 7836 Views 0 comment Print

The undisputed fact is that ‘VHQ’, i.e. the recipient merely carried out post production activities. Nothing has been brought before us to indicate or show that in the process of carrying out any work, whether any technical knowledge, experience, skill, know-how or process was made available to the assessee.

President assents Maternity Benefit (Amendment) Act, 2017

March 28, 2017 6813 Views 0 comment Print

(1) This Act may be called the Maternity Benefit (Amendment) Act, 2017. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint :

Revamping India’s 3E’s

March 28, 2017 1230 Views 0 comment Print

Solving India’s problems of poverty are complicated by the 10 lac kids joining the labour force every month for the next 10 years – our demographic dividend. But the only sustainable solution to both is recognizing that jobs and skills change lives in ways that no subsidy ever can.

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