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SEBI eases norms for issuing debt securities by municipalities

March 22, 2017 462 Views 0 comment Print

SEBI eases norms for issuing debt securities by municipalities

IRDA: Modification in premium rates due to revised Commission/Remuneration Structure and introduction of Reward System

March 22, 2017 903 Views 0 comment Print

IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations 2016 comes into force with effect from 1st April, 2017.

Reduction in EPF & EDLI administrative charges

March 22, 2017 4464 Views 1 comment Print

The expenditure incurred in administering the Employees’ Provident Fund is met from the administrative and inspection charges collected from the employers of un-exempted and exempted establishments respective

Jurisdiction when return of income furnished in electronic & paper form

March 22, 2017 1473 Views 0 comment Print

All the cases where the return of income has been furnished in – (i) electronic form, and (ii) paper form. Commissioner of Income-tax, Centralised Processing Centre, Bengaluru

Identification of officials who are either absconding or are on unauthorized leave

March 21, 2017 858 Views 0 comment Print

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

Appellate Authority cannot Enhance Penalty: Punjab Excise Act, 1914

March 21, 2017 1011 Views 0 comment Print

Section 14 of the Punjab Excise Act, 1914 does not confer a power upon the appellate authority to pass an order more burdensome than the order appealed against. It does not entitle the appellate authority to enhance the penalty.

Delayed disclosure of alleged extra judicial confession makes evidence untrustworthy

March 21, 2017 1095 Views 0 comment Print

It is equally settled that circumstantial evidence in the nature of extra judicial confession is always considered to be a weak type of evidence, therefore, conviction on such evidence can form basis if it passes the test of credibility and the Court is fully convinced that the extra judicial confession is made voluntary in fit state of mind without being any coercion or duress.

NI Act: Order Imprisoning for Default to Pay Compensation Appealable

March 21, 2017 4146 Views 0 comment Print

The short question which falls for decision in this case is whether a judgment and order of conviction and sentence of imprisonment till the rising of the Court and an order of compensation imposed under Section 357(3) of the Code of Criminal Procedure with a direction to undergo imprisonment in default of payment of such compensation is appealable or not.

ITBA Rectification Module for Income Tax Penalty orders

March 21, 2017 2694 Views 0 comment Print

The functionality to rectify penalty orders passed in the System (Process flow from initiation of rectification to passing rectification order) is now available to the Users through the Rectification module of Income Tax Business Application (ITBA).

Income Tax Business Application- GPF Module in HMS

March 21, 2017 951 Views 0 comment Print

General Provident Fund (GPF) is a scheme designed to benefit the employees. In CPT a small portion of the employee’s salary is deducted and deposited with the government GPF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income.

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