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Circulars

Don’t rely merely on Head Notes / Placitum of Law Journals: HC

April 27, 2017 4401 Views 0 comment Print

During the assessment of judgments of Judicial Officers, it is noticed that many Judicial Officers have reproduced the Head Note/Placitum from the relevant Journals relating to High Court/ Supreme Court judgments. Needless to mention that the Head Note is a creation of the Edition Board.

Transfer of Shares to IEPF Authority

April 27, 2017 2028 Views 0 comment Print

All companies required to transfer shares to IEPF Authority under the aforesaid Rules shall transfer such shares, whether held in dematerialised form or physical form,to the demat account of IEPF Authority by way of corporate action.

IBU in IFSC can act as a Trading Member of an exchange

April 27, 2017 996 Views 0 comment Print

IFSC Banking Unit (IBU) set up in IFSC shall be permitted to act as a Trading Member of an exchange or a Professional Clearing Member of a clearing corporation in IFSC, without forming a separate company,

MVAT: Remission of interest by un-registered dealers in Maharashtra

April 26, 2017 6162 Views 0 comment Print

(1) unregistered dealer should have filed the application for registration during the period starting from 18th March 2017 and ending on 30th June 2017. (2) the said dealer shall file the returns for all such un-registered period and make the payment of 100% tax alongwith 25% of the interest payable as per section 30(1) of MVAT Act, on or before 31st July 2017.

Extension of due date for filing MVAT Returns in Maharashtra

April 26, 2017 5544 Views 0 comment Print

As per Trade Circular 9T of 2017 Dt. 01st April 2017, the dates of filing the returns for the monthly return for period March 2017 and the quarterly return periods of 1st October 2016 to 31st December 2016 and 1st January, 2017 to 31st March, 2017 were communicated to the Trade.

Analysis of Changes in Profession Tax rules in Maharashtra

April 26, 2017 15387 Views 0 comment Print

FM of Maharashtra presented Budget on 18th March 2017. In order to give effect to announcements made in house, certain amendments have been made to Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975.

SEBI: Acceptance of Central Govt Securities by Clearing Corporations

April 26, 2017 1089 Views 0 comment Print

Acceptance of Central Government Securities by Clearing Corporations towards Core Settlement Guarantee Fund (SGF) Contribution by Clearing Members

Income Tax Circular No.17 of 2017 dated: 26.04.2017

April 26, 2017 14169 Views 0 comment Print

Circular No.17 of 2017 – Corrigendum to Circular No. 13/2017 dated 11.04.2017 on the Clarification regarding Liability to income – tax in India for a non – resident seafarer receiving salary in NER (Non Resident External) account maintained with an Indian Bank. -reg.

Distribution of GST Provisional Id & Access Token of Phase 4 dealers Started

April 25, 2017 4959 Views 0 comment Print

Provisional Ids and Access Token of Phase 4 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department’s portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under “What’s New” Section on MSTD’s portal.

Treatment of Lease rent from letting of buildings/developed space

April 25, 2017 4848 Views 0 comment Print

Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ— to be treated as business income.

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