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CBI registers 2 cases related to Demonetization & conducts Searches

April 14, 2017 3762 Views 0 comment Print

Huge cash deposits in Specified Bank Notes (SBNs) were made during demonetization period in various newly opened Benami Accounts in Bank of Maharashtra and money was rotated between said accounts as well as to other entities and finally transferred to another account through RTGS

GST: Draft Assessment and Audit Rules

April 13, 2017 5511 Views 0 comment Print

Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application in FORM GST ASMT-01, along with the documents in support of his request, electronically through the Common Portal, either directly or through a Facilitation Centre notified by the Commissioner.

Circular No. 206/4/2017-Service Tax, Dated: 13.04.2017

April 13, 2017 9921 Views 0 comment Print

Issues related to levy of service tax on the services provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India to the customs station in India

Notification No. 16/2017-Service Tax, Dated: 13.04.2018

April 13, 2017 9735 Views 1 comment Print

Seeks to amend Service Tax Rules, 1994 so as to,(i) Specify the importer as defined under clause (26) of section 2 of the Customs Act, 1962 (52 of 1962) of goods as the person liable for paying service tax in case of services provided or agreed to be provided by a person located in non-taxable […]

Title in Immovable Property cannot Pass unless executed on Proper Stamp Paper

April 13, 2017 3975 Views 0 comment Print

Title In The Immovable Property Cannot Pass When Its Value Is More Than Rs.100 Unless It Is Executed On A Proper Stamp Paper And Is Also Duly Registered With The Sub-Registrar

Applicability of various laws on non-convertible debentures (NCD)

April 13, 2017 46290 Views 0 comment Print

The Reserve Bank of India, has given the final guidelines to the agencies dealing in securities and money market instruments regarding issuance of Non-Convertible Debentures (NCDs) of original or initial maturity up to one year.

CBI arrests four persons for causing loss of Rs. 2240 crore to banks

April 13, 2017 2058 Views 0 comment Print

The Central Bureau of Investigation has arrested four accused persons including Directors & others of Delhi based private firm in an-going investigation of cases registered on the complaint of Punjab National Bank for causing an alleged loss of Rs.2240 crore(approx) to the consortium member Banks.

CBI arrests superintendent of customs in separate in bribery case

April 13, 2017 1173 Views 1 comment Print

CBI has arrested Superintendent of Customs, ICD, Patli, District, Gurgaon (Haryana) and a private person while demanding & accepting bribe of Rs. 25,000/-.

ICSI formally adopts “Satyam Vada, Dharmam Chara” as ICSI Motto

April 13, 2017 7512 Views 0 comment Print

To mark the beginning of Golden Jubilee Celebrations of ICSI and on crossing 50,000th membership mark, The Institute of Company Secretaries of India formally adopts the Golden Quote Satyam Vada, Dharmam Chara – Speak the Truth, Abide by the Law as ICSI Motto.

Surplus generation from charitable activities did not dis-entitle assessee from registration U/s. 12A

April 13, 2017 1386 Views 0 comment Print

This appeal by the assessee is directed against the order of Commissioner of Income Tax -I, Pune dated 29-11-2013 rejecting the application of the assessee for grant of registration under section 12AA(1)(b)(ii) of the Income Tax Act, 1961 (hereinafter referred to as the Act).

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