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GST Migration: Provisional Ids & Access Token of Phase 3 VAT dealer in Maharashtra Reg.

March 4, 2017 2328 Views 0 comment Print

Provisional Ids and Access Token of Phase 3 dealers, are now made available by GSTN. Dealer can obtain their provisional Ids from department’s portal www.mahavat.gpv.in, using their login credentials.

Bringing Youth to the Mainstream of Change

March 4, 2017 504 Views 0 comment Print

It is befitting to dedicate Vivekananda’s birthday, January 12, to the youth of the country whose entrepreneurial ambition and consumerist desires need be exposed to countervailing moral and ethical values for bringing sanity to their attitudes and actions.

National Apprenticeship Promotion Scheme: Rajiv Pratap Rudy

March 4, 2017 813 Views 0 comment Print

Since the early ages, the transfer of skills has been happening through the tradition of apprentices. A young apprentice would work under the tutelage of a master craftsman to learn the craft, while the master craftsman would get an inexpensive form of labour in exchange of training the apprentice and basic amenities.

National Cancer Institute, AIIMS One Year in Making of India’s Largest Cancer Hospital

March 4, 2017 816 Views 0 comment Print

The Health Minister has called the National Cancer Institute, the largest public health investment project of Independent India. With 710 beds, 26 Operation Theaters, 15 laboratories for Principal Investigators, a separate Diagnostics Block – the National Cancer Institute is the behemoth of Indian cancer care.

Budget 2017: Exemption of LTCG subject to payment of STT on acquisition- Suggestions

March 4, 2017 4434 Views 0 comment Print

Instead of the requirement of payment of STT on acquisition, it would be desirable to categorically define a list of sham transactions which would not be entitled to exemption of LTCG. This would automatically provide benefit to genuine investors.

Carry forward & set off of MAT credit where ten year period has expired on or before AY 2016-17

March 4, 2017 56925 Views 1 comment Print

Clarity regarding carry forward and set off of MAT credit in cases where the ten year period has expired on or before AY 2016-17 but the fifteen year period has still not expired needed.

Section 194IB TDS: What if rent less than Rs. 50000 PM for few months

March 4, 2017 61551 Views 1 comment Print

Whether the tax needs to be deducted on the rent paid during that previous year although the rent per month for some of the months is less than Rs.50,000 p.m or the rent needs to be deducted on the aggregate amount of rent for the months where rent has exceeded Rs.50,000 pm.

Budget 2017: Non disclosure of reason to search to cause undue hardship to genuine assessee

March 4, 2017 1005 Views 0 comment Print

It is proposed to insert an Explanation to section 132(1), 132(1A) and 132A(1) to declare that the reason to believe or reason to suspect, as the case may be, shall not be disclosed to any person or any authority or the Appellate Tribunal. The proposed amendment could lead to unnecessary harassment of taxpayers.

Case against Jalgaon Bank officials for illegal old note exchange

March 4, 2017 1149 Views 0 comment Print

CBI registers a case against managing director of Jalgaon district central cooperative bank Ltd & two other officials for an alleged violation of RBI guidelines; and conducts searches

Retain existing time limit for filing of revised tax return: ICAI

March 4, 2017 6903 Views 0 comment Print

Section 139(5) – Reduction in time limit for filing revised return – Retention of existing time limit for filing of revised tax return at least in cases of claim of foreign tax credit

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