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TP adjustment in absence of interest cost for delay in realisation of dues not sustainable

May 28, 2017 789 Views 0 comment Print

1. Research and development services provider could not be compared to a company and Transfer pricing Adjustment are not sustainable. 2. A concern mainly engaged in sale of chemical compounds could not be considered as a right comparable with that of assessee rendering support services in connection with research and development of certain products to an […]

Revised Education / Training Scheme for CA Course w.e.f. 01.07.2017

May 27, 2017 4248 Views 0 comment Print

All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. Students who are eligible to register in the CPT/ IIPCC/ Final under the existing scheme, may register on or before 30th June, 2017.

Draft Companies (Registered Valuers and Valuation) Rules, 2017

May 27, 2017 1866 Views 0 comment Print

The draft Companies (Registered Valuers and Valuation) Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.

Sanitation: keystone of public health

May 27, 2017 729 Views 0 comment Print

Safe water, adequate sanitation and personal hygiene are indispensable for human health and progress. Lack of these can seriously impact psychological and social development of communities. The worst sufferers are women and children.

Uttarakhand Goods And Service Tax Act, 2017

May 26, 2017 2253 Views 0 comment Print

Governor is pleased to order the publication of the following English translation of ‘the Uttarakhand Goods and Services Tax Bill 2017

Amendments to SEBI (Debenture Trustee) Regulations, 1993

May 26, 2017 2010 Views 0 comment Print

The Companies acts, 2013, as well as the SEBI regulations, prescribe the framework pertaining to debenture trustees. This led to several overlaps and ambiguities. Thus with a view toaddress this issue, SEBI formed a task force comprising of SEBI officials and representatives of the debenture trustees to conform the Debenture Trustee Regulations with the Companies Act,2013.

Grant of Registration under DVAT & CST

May 26, 2017 1314 Views 0 comment Print

In case of any deficiency in the requisite documents, submitted by the applicant dealer, the Assessing Authority shall provide an opportunity to the dealer for removal of deficiency thereof.

Reg. Legislative changes relating to Customs proposed in Finance Bill, 2017

May 26, 2017 4215 Views 0 comment Print

Attention of the Importers, Exporters, General Trade, CFSs coming under the jurisdiction of JNCH, Nhava Sheva and all other stakeholders is invited to clarification regarding legislative changes relating to Customs Act, 1962 proposed in the Finance Bill, 2017 issued vide Board Circular No 12/2017-Customs (F.No.450/10/2017-CusIV], dated 31.03.2017.

Clearance of consignments with packing material / pallets at various CFSs of JNCH

May 26, 2017 1440 Views 0 comment Print

It has been represented by Trade that they are facing difficulty to clear the consignments along with the packing material such as pallets at various CFSs within the jurisdiction of JNCH as they are required to obtain permission to take such deliveries which results in higher dwell time for clearance as well as increase in the transaction cost by payment of higher detention and demurrage charges. It has been represented that:

Launch of Income Tax Business Application (ITBA)- Prosecution Module (Phase 2)- Reg.

May 26, 2017 6588 Views 0 comment Print

This is in reference to the subject mentioned above. Phase 1 of the Prosecution Module of ITBA was rolled out on 03.03/017 in which facility to initiate prosecution proposal. issue authorization u/s 279(1) and recording Court proceedings was provided. The functionality for Compounding Proceedings and Grant/ Withdraw Immunity has now been rolled out in Phase 2 with effect from 23.05.2017.

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