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Sec. 10(46) CBDT notifies Haryana State Legal Services Authority

November 9, 2017 723 Views 0 comment Print

Under Section 10(46) of the Income-tax Act, 1961 Central Government notifies Haryana State Legal Services Authority, constituted by the Government of Haryana under the Legal Services Authorities Act, 1987, in respect of the following specified income arising to that Authority.

FM assures GSTBA of Simplification in GST Procedures

November 8, 2017 4560 Views 2 comments Print

We are suggesting that GST IT system does not accept returns promptly. It takes at least 2 – 3 hours to accept a single return. In certain cases, returns have not been accepted even after 2 days. Due to problems faced by taxpayers last date for filing of all Forms/Returns should be extended till the time IT related issues have been sorted out.

Transfer of property to daughter through sale deed cannot be treated as gift

November 8, 2017 4776 Views 0 comment Print

Assessee has contended that the impugned property had been transferred to her daughter as a gift and therefore charging Long Term Capital Gains applying provisions of Section 50C is bad in law. In its written submission on behalf of the assessee, the learned Authorised Representative of the assessee has contended that the intention of the […]

Appoint counsels to represent cases before NCLT: CBDT to PrCCIT

November 8, 2017 3153 Views 0 comment Print

On June 01,2016, the Ministry of Corporate Affairs(MCA) published a notification regarding the constitution of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal(NCLAT).

Refunds of IGST paid on export of goods under Rule 96 of CGST Rules, 2017

November 8, 2017 3456 Views 0 comment Print

Attention of all the importers, exporters, customs brokers, and other stake holders is invited to Board Circular No 42/2017-Customs, dated 7th November 2017 on the above subject.

Direct Tax Collections show Growth of 15.2% up to Oct, 2017

November 7, 2017 732 Views 0 comment Print

The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2% higher than the net collections for the corresponding period of last year.

Reassessment for mere cash deposit info received through AIR is invalid

November 7, 2017 15069 Views 0 comment Print

Revised grounds of appeal were filed by the assessee, which are placed on record. Amongst various grounds of appeal taken by the assessee, main grievance and issue raised by the assessee-appellant before this Tribunal relates to validity of the proceedings under section 148 of the Income-tax Act, 1961

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

November 7, 2017 2001 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017.

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017

November 7, 2017 768 Views 0 comment Print

No. IBBI/2017-18/GN/REG020. -In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy, Code, 2016 (31 of 2016)

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017

November 7, 2017 36831 Views 0 comment Print

These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017.

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