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Substitution of ICSI and ICAI nominee on NACAS

March 23, 2017 1143 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), hereinafter referred to as the said Act, the Central Government hereby makes the following further amendments in the notification of the Government of India

CBDT notifies third Protocol amending India – Singapore DTAA

March 23, 2017 1860 Views 0 comment Print

Third Protocol amending the Agreement between the Government of the Republic of India and the Government of the Republic of Singapore for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed at New Delhi on the 30th day of December, 2016 (hereinafter referred to as the Third Protocol);

Determination of pensionable salary exceeding statutory wages ceiling

March 23, 2017 28839 Views 4 comments Print

Allowing members of the Employees’ Pension Scheme, 1995 the benefit of the actual salary in the Pension Fund exceeding wage limit of either Rs. 5000/- or Rs. 6500 per month from the effective date respectively as per the Hon’ble Supreme Court’s order in SLP No.33032-33033 of 2015

Case against two SBI officials for alleged violation of RBI guidelines

March 23, 2017 1272 Views 0 comment Print

It was alleged that during the period between 15.11.2016 and 25.11.2016, the Senior Special Assistant and Deputy Manager (Operations) of State Bank of India entered into a criminal conspiracy while the restrictions on distribution of currency notes due to demonetization were in force.

KVAT: Discounts received via Credit Notes are Part of Sales Turnover

March 23, 2017 7833 Views 0 comment Print

This writ petition is filed challenging Exts.P5 and P5(a) assessment orders under KVAT Act, 2003 for the assessment years 2009-10 and 2010-11 completed under Section 25(1) of the Act. Though the impugned orders are appealable, according to the petitioner

CBDT notifies rules for Authentication of online notices & documents

March 23, 2017 6588 Views 0 comment Print

127A. Authentication of notices and other documents- (1) Every notice or other document communicated in electronic form by an income-tax authority under the Act shall be deemed to be authenticated,-

Buying a car? Find out how GST affects you

March 22, 2017 5037 Views 1 comment Print

Looks like prospective car buyers are going to have to consider more factors than just make and model or gas mileage before investing in a car once the Goods and Services Tax is implemented this year. Experts are of the opinion that one of the major beneficiaries of the one country, one tax rule will be the domestic automobile sector in India.

Things to Know about D-Mart and Radhakishan Damani

March 22, 2017 3249 Views 0 comment Print

Radhakishan Damani is making the news on significant uplift in his net worth owing to the listing of shares Avenue Supermarts on Bombay Stock Exchange at a premium of 102.14%.

VAT on E-Commerce Transactions

March 22, 2017 4506 Views 1 comment Print

E-Commerce is growing fast, or dying slow…!! Today everyone is slowly and gradually coming up online to buy & sell. We as professionals need to add value to our client business by educating them and allowing them to comply with applicable laws effectively & efficiently.

Need for amendment in Section 206AA for non-resident investors of ‘Masala bonds’

March 22, 2017 2061 Views 0 comment Print

Non-resident investors have recently shown a great deal of interest in subscribing to Masala Bonds issued by Indian corporates. Masala Bonds is the informal name of Rupee-denominated bonds (RDB) issued by Indian corporates outside India.

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