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Direct and Indirect tax updates for 1st March to 15th March 2017

March 20, 2017 4887 Views 0 comment Print

Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature.

Committee on officials who are either absconding or on unauthorized leave

March 20, 2017 990 Views 0 comment Print

A Committee is being constituted to carry out a one time count of all the officers working in the Income tax organization and identify such of those Group A officers as are presently on unauthorized leave or are absconding. The Committee will comprise the following officers

Acquisition of Bharatiya Mahila Bank Limited Order, 2017

March 20, 2017 1299 Views 0 comment Print

State Bank of India with sanction of Central Government and in consultation with RBI, has entered into negotiations for acquiring Bharatiya Mahila Bank Limited

National Legal Services Authorities (Amendment) Rules, 2017

March 20, 2017 1830 Views 0 comment Print

Central Government hereby makes following rules further to amend National Legal Services Authorities Rules, 1995, namely:—National Legal Services Authorities (Amendment) Rules, 2017.

I think I deserved that promotion more

March 20, 2017 2205 Views 0 comment Print

Each one of us including myself at some point amidst our journey of top notch employments have felt that I’m more deserving than everyone else when the season of promotions sets in.

In Departmental Proceedings, Inquiry Officer is Quasi Judicial Officer

March 19, 2017 17901 Views 1 comment Print

It is trite law that the departmental proceedings are quasi judicial proceedings. The Inquiry Officer functions as quasi judicial officer. He is not merely a representative of the department.

Dont use frivolous tax arguments to avoid paying tax: IRS

March 19, 2017 2397 Views 0 comment Print

Frivolous Tax Arguments: Dont use frivolous tax arguments to avoid paying tax. Promoters of frivolous schemes encourage taxpayers to make unreasonable and outlandish claims even though they have been repeatedly thrown out of court.

CBEC Partner Connectivity Protocol

March 18, 2017 2682 Views 0 comment Print

CBEC Partner Connectivity Protocol – Solution for CBEC field formations managed by Custodians (under the HCCAR, 2009) requiring IT infrastructure and connectivity with CBEC Data Centre

India’s Cash Deliverance

March 18, 2017 1506 Views 0 comment Print

The financial sector in India is currently experiencing a golden age, and its biggest driver is the effort to move toward a less-cash economy. With reports suggesting that around 95% of all the transactions in the country were made using cash until very recently, it is a well-known fact that the life blood of the Indian economy has been cash.

Prime Minister Modi and the new art of Public Governance

March 18, 2017 1479 Views 1 comment Print

In 1959, Arthur Bonner wrote a telling piece Indias masses: The Public Cant be reached. Chronicling challenges of public governance in a newly independent country, Bonner highlighted lack of effective communication as a serious barrierfor developing nationhood and a common purpose.

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