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Guidelines for Online Entries in Schedule I by Charitable Trusts

February 19, 2018 13083 Views 0 comment Print

Now we will understand the procedure for making online entries in Schedule I on the website of Maharashtra Charity Organization website namely www.charity.maharashtra.gov.in.

PNB Scam: CBI Register case against Nirav Modi & others

February 18, 2018 1239 Views 0 comment Print

CBI Registers a case against Managing Director of a Mumbai based private Companies and Others Including then bank Officials for Causing an Alleged Loss of Rs. 4886.72 Crore (Approx) to PNB; Conducts Searches at 26 Locations

Govt should consider effects of IPL on Cricket & Other Sports: Bombay HC

February 18, 2018 834 Views 0 comment Print

If the IPL has resulted in all of us being acquainted and familiar with phrases such as Betting, fixing of matches, then, the RBI and the Central Government should at least now consider whether holding such tournaments serves the interest of a budding cricketer, the sport, the game itself.

Procedure for online submission of application U/s. 41C on Charity Organization website

February 18, 2018 3438 Views 1 comment Print

While submitting the application for Event 41 C, your Mandal’s name shall not be identical with the name of any Country or any State or resembled with any body constituted by the Government or any local authority or which is prohibited under Emblems and Names (Prevention of Improper Use) Act, 1950

Procedure for Online Registration of Society in Maharashtra

February 17, 2018 6804 Views 0 comment Print

Now we will understand the procedure for online registration of Society under the Society Registration Act, 1860 on charity organization website charity.maharashtra.gov.in.

Single revised return for year 2016-17 onwards under MVAT Act

February 17, 2018 72348 Views 6 comments Print

The new single revised return filing process envisages preparation of invoice-wise sales and purchase annexure. For this dealer is required to visit to MGSTD Web-site and download the return template form. The new process of filing of single revised returns for the periods starting from Apr 2016 is being explained in the latter part of this Trade Circular.

Budget 2018: Impact Analysis of Country by Country Reporting

February 17, 2018 3315 Views 0 comment Print

It was proposed in Finance Act 2016. It is a part of three-tiered transfer pricing documentation structure which must be maintained and produced before the income-tax authorities along with a master file (contains standardized information relevant for all Multinational enterprise group members) and a local file (refers specifically to material transactions of the local taxpayer).

Union Budget 2018: Streamlining Business Connection in accordance with BEPS Action Plan

February 17, 2018 1611 Views 0 comment Print

It has been widely reported that multinational corporations resort to base erosion and profit sharing (BEPS) techniques to shift their profit to tax havens or nations with lower tax incidence.

Deduction U/s. 80-IA allowable on amount disallowed U/s. 43B

February 16, 2018 3126 Views 0 comment Print

As amount disallowed under section 43B would become profits of business in the computation of income under the head “Profits and gains of business or profession”. Consequently, if the amounts disallowed were pertaining to the projects on which the claim under section 80-IA was made, the same had to be allowed as profits get increased to that extent. Therefore, AO was directed to examine the working of profits and allow the deduction.

Field formations can obtain SDR/CDR details directly from telecom companies: CBEC

February 16, 2018 6132 Views 0 comment Print

This is reportedly being done as telecom service providers are not providing these details to the field formations since they are not a designated Law Enforcement Agency’ like DRI under the provisions of Section 5(2) of Indian Telegraph Act, 1885.

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