Follow Us:

Contribution to unrecognized Provident fund not eligible for deduction U/s. 80C

March 3, 2017 5118 Views 0 comment Print

Admittedly, the contributions of the assessees to the Provident Fund are not a recognized Fund, the same are not eligible for deduction u/s. 80C (2) (vi) of the I.T. Act.

Aadhaar Mandatory for Scheme of Assistance to Disabled Persons

March 3, 2017 1041 Views 0 comment Print

Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice and Empowerment in the Government of India (hereinafter referred as the Department) is administering the Scheme of Assistance to Disabled Persons for Purchase and, or, Fitting of Aids and Appliances (ADIP) (hereinafter referred to as the Scheme) as a Central Sector Scheme;

Reg. Composite EPF Claim Form in Death Cases

March 3, 2017 4830 Views 0 comment Print

The Central Provident Fund Commissioner vide order Manual/Amendments/2011/ Pt/31792 dated 20.02.2017 has introduced Composite Claim Form (Aadhar) and Composite Claim Form (Non-Aadhar) by replacing the erstwhile Forms No. 19, 10C & 31 to simplify the submission of claim form by the subscribers.

Minimum rates of wages in Delhi wef 3rd March 2017

March 3, 2017 13452 Views 0 comment Print

Government of National Capital Territory of Delhi is pleased to revise, the minimum rates of wages for the class of workmen/employees mentioned in all the Schedule employments as mentioned in earlier notification no. F.12 (1)142/11/MW/Lab/ 2023-2047 dated the 26th July, 2011, in the National Capital Territory of Delhi, namely:

FEM(Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017

March 3, 2017 7827 Views 0 comment Print

G.S.R. 188 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000

AO has no jurisdiction to examine constitutional validity of any Act

March 3, 2017 9105 Views 0 comment Print

All the appeals are directed against the common order dated 18.02.2016 passed by the learned Single Judge in the respect of writ petitions whereby the learned Single Judge, for the reasons recorded in the order, has set aside the impugned assessment orders so far as they relate to Privilege Fee as being taxable income.

Sec. 271J- Why Penalty on chartered accountant needs to be removed?

March 3, 2017 10245 Views 4 comments Print

In order to ensure that the person furnishing report or certificate undertakes due diligence before making such certification, new section 271J is proposed to be inserted so as to provide that if an accountant or a merchant banker or a registered valuer

Budget 2017: Tax neutral conversion of preference shares to equity shares

March 3, 2017 3963 Views 0 comment Print

Article deals with proposed amendment in Section 2(hf), section 47(xb) and section 49(2AE) related to Tax neutral conversion of preference shares to equity shares and sought Clarification regarding tax treatment for earlier years

Budget 2017: Extend benefit of non-applicability of indirect transfer provisions to Category III FPIs too

March 3, 2017 1002 Views 0 comment Print

The Finance Act, 2012 amended Section 9(1)(i) of the Act with retrospective effect from 1st April 1962 to provide that any share or interest in an entity incorporated outside India shall be deemed to be situated in India if such share or interest derives, directly or indirectly, its value substantially from assets located in India.

Courier Imports and Exports (Clearance) Amendment Regulations, 2017

March 3, 2017 1788 Views 1 comment Print

1. (1) These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930