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External Commercial Borrowings (ECB) by Startups

October 27, 2016 1348 Views 0 comment Print

It is therefore decided, in consultation with the Government of India to permit AD Category-I banks to allow Startups to raise ECB under the following framework:

Transfer of criminal case not permissible on imaginary or artificial apprehension that justice may not be done

October 27, 2016 3969 Views 0 comment Print

The principle that there should not be an apprehension on the part of the party to the case that justice will not be done is not to be applied in extract terms nor the principle that once one of the accused in the case has lodged a complaint against the presiding officer, the case should necessarily be transferred.

ICAI group to look into changes need in CAs Act, 1949

October 27, 2016 1717 Views 0 comment Print

Group to look into the intricacies involved in areas wherein changes need to be made and amendments to the Chartered Accountants Act, 1949 pertinent to Disciplinary Mechanism and the Rules framed there under

MVAT: Exemption from payment of Tax for oil company u/s 41(4)

October 27, 2016 8845 Views 0 comment Print

Govt of Maharashtra, hereby amends with effect from 21.10.2016 Government Notification, Finance Department, No. VAT 1512/CR 18/ Taxation-1, dated the 29.02.2012, as follows, namely

Book on GST Law & Analysis – With Conceptual Procedures

October 27, 2016 9598 Views 0 comment Print

We are pleased to announce release of our book (2nd Edition) on Goods and Services Tax, titled, GST LAW & ANALYSIS – WITH CONCEPTUAL PROCEDURES

Independent Director under Companies Act, 2013: Detailed Study

October 26, 2016 144751 Views 0 comment Print

The role of independent directors is considered to be of a great significance. Guidelines, role, functions and duties are broadly set out under Code of conduct under Schedule IV of Companies Act, 2013.

Goods and Service Tax – Concise Note for better understanding

October 26, 2016 4765 Views 0 comment Print

Goods and Services Tax would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.

Classes, Appointment of officers of Customs & Central Excise

October 26, 2016 37615 Views 1 comment Print

It is essential that officers working in various wings of Customs, Excise and Service tax department remain aware of legal provisions relating to their appointment, powers and functions under three main tax laws dealing with in-direct taxes, namely, Customs Act, 1962; Central Excise Act, 1944 and the Finance Act, 1994.

Summons under Customs, Central Excise & Service Tax Laws

October 25, 2016 18688 Views 0 comment Print

A successful investigation is substantially dependent on a good interrogation and recording of statements to convert the findings into admissible evidence. The process involves questioning a suspect or a witness to seek information leading to solution of a case of evasion being investigated.

FEM (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2016

October 25, 2016 829 Views 0 comment Print

5B Permission to a person resident outside India to enter into exchange traded currency derivatives A person resident outside India who is exposed to Rupee currency risk arising out of:

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