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Appointment of Authorised Representative for Classes of Creditors under IBC

July 13, 2018 8415 Views 0 comment Print

Wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

Amendments in Appendix 3B of MEIS

July 13, 2018 2484 Views 0 comment Print

The MEIS benefit for certain items have been enhanced for a certain period and some new items have been included in the MEIS Schedule, Appendix 3B.

MEIS benefit for ‘Bengal-Gram’ extended for exports upto 20.09.2018

July 13, 2018 936 Views 0 comment Print

The MEIS benefit for ‘Bengal-Gram’ under ITC (HS) code 07132020 available upto 20.06.2018 has been extended for exports upto 20.09.2018.

Accountability of inputs where Advance Authorisations are issued on net to net basis for parts/components- req

July 13, 2018 9813 Views 0 comment Print

Representations have been received from Trade and Industry informing the difficulties being faced by them in getting EODCs where inputs have been obtained on net to net basis subject to accountability clause in terms of SI. No-4 of General Notes for Engineering Products and SI No-6 of General Notes for All Export Products Groups.

ITAT explains law related to TDS on commission paid to non-resident agents

July 13, 2018 10860 Views 0 comment Print

This appeal by the Revenue is directed against the Order of the Ld. Commissioner of Income Tax (Appeals)-XII, New Delhi dated 28.5.2014 pertaining to assessment year 2011-12 on the following grounds

Notification No. 62/2018-Customs (N.T.) Dated 13.07.2018

July 13, 2018 1413 Views 0 comment Print

Tariff Notification No. 62/2018-CUSTOMS (N.T.) dated: 13th July, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Draft Income Tax Rules relating to Significant Economic Presence

July 13, 2018 3255 Views 0 comment Print

Framing of Income-tax rules relating to Significant Economic Presence as per Section 9(1)(i) of the Income-tax Act, 1961, Comments and suggestions

IBC: Appointment of IP as authorised representative for classes of creditors

July 13, 2018 1953 Views 0 comment Print

Wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

Stock Brokers shall not accept cash from their clients : SEBI

July 12, 2018 1371 Views 0 comment Print

The stock brokers shall accept cheques drawn only by the clients and also issue cheques in favour of the clients only, for their transactions. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the bank account of stock broker.

Extension of ad-hoc appointments of ITOs to ACIT grade for 2014-15

July 12, 2018 858 Views 0 comment Print

Order No. 110 of 2018 – Extension of ad-hoc appointments of Income Tax Officers to the grade of ACIT for the vacancy year 2014-15 – reg

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