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Payment systems to remain open on all days from 25.03.2017 to 01.04.2017

March 25, 2017 3168 Views 0 comment Print

It has been decided that all payment systems, including RTGS and NEFT would operate, as on a normal working day, during the period March 25 to April 1, 2017 (including Saturday, Sunday and all holidays).

Madhabi Puri Buch appointed Whole Time Member of SEBI

March 25, 2017 765 Views 0 comment Print

Central Government hereby appoints Smt. Madhabi Puri Buch to the post of Whole Time Member, Securities and Exchange Board of India, initially for a period of 3 years from the date she assumes charge of the post or until further orders,

Guidelines for waiver of interest charged under Section 201(1A)(i)

March 24, 2017 10863 Views 0 comment Print

In exercise of the powers conferred under clause (a) of sub-section (2) of section 119 of Income-tax Act, 1961( the Act), Central Board of Direct Taxes (the Board), hereby directs that the Chief Commissioner of Income-tax and Director General of Income-tax may reduce or waive interest charged under section 201(1 A) (i)

S. 10A Deduct Foreign currency Expenses from Export /Total Turnover

March 24, 2017 2127 Views 0 comment Print

Insurance & Travelling Expenses incurred in Foreign Currency needs to be Excluded from both Export and Total Turnover for the purpose of section 10A Calculations

Provisions for gratuity actually accrued during the year is allowable

March 24, 2017 161154 Views 1 comment Print

Provisions contained in section 40A(7)(b) that provision made by the assessee for the purpose of payment of any gratuity, that has become payable during the year is allowable which means that the liability which has actually accrued during the year is allowable.

Using digital technology to accelerate business growth

March 24, 2017 609 Views 0 comment Print

In India, adoption of advanced business digital technologies can lead to increase in revenues by up to 27%, increase in employment by up to 84% and enhanced access to international markets by up to 65% for small and medium business (SMBs), according to ASSOCHAM-Deloitte joint study.

Notification No. 10/2017-Customs (ADD), Dated: 24.03.2017

March 24, 2017 1299 Views 0 comment Print

Seeks to order provisional assessment on imports of 1,1,1,2-Tetrafluoroethane or R-134a, originating in or exported from People’s Republic of China by M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd.

Anti-dumping duty on imports of Indolinone from China

March 24, 2017 1110 Views 0 comment Print

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People’s Republic of China up to and inclusive of 20th November, 2019.

No Reopening of Assessment on the basis of mere Audit Objection: SC

March 24, 2017 9030 Views 0 comment Print

The present appeal has been filed against the final judgment and order dated 17.11.2006 passed by the Division Bench of the High Court of Jharkhand at Ranchi in W.P. (T) No. 2630 of 2006 whereby the High Court dismissed the petition filed by M/s Larsen & Toubro Ltd.-the appellant –Company while upholding the order dated 27.02.2006 passed by the Deputy Commissioner

Aadhaar Seeding Services by EPFO offices for KYC Seeding

March 24, 2017 2118 Views 0 comment Print

In pursuance to the policy of the Government of India, of optimum use of information technology for efficient service delivery and widening the reach of EPF benefits, appropriate guidelines have been issued from this once for installation and operatonalisation of proper infrastructure in the field offices of ERR) to help and facilitate our

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