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Hon’ble Supreme Court puts an end to Section 40a(ia) Controversy

May 5, 2017 14520 Views 0 comment Print

One of the classic controversies, lasting for more than a decade, is disallowance for non-deduction/payment of TDS on domestic payments u/s 40a(ia).

President Assents Taxation Laws (Amendment) Act, 2017

May 4, 2017 20208 Views 0 comment Print

Taxation Laws (Amendment) Act, 2017 been assented by President to amend Customs Act, 1962, Customs Tariff Act, 1975, Central Excise Act, 1944, Central Sales Tax Act, 1956, Finance Act, 2001 and Finance Act, 2005 and to repeal certain enactments.

GST Transition- Input Tax Credit of Excise Duty to VAT Dealers

May 3, 2017 76779 Views 12 comments Print

The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and its quantification thereof. Sections 139 to 142 of the GST Act, 2017 deals with transition provisions.

5 Major provisions of Real Estate Act effective from 1st May 2017

May 2, 2017 17115 Views 2 comments Print

Ending the nine year long wait, regulation of real estate sector involving over 76,000 companies across the county becomes a reality from May 1, 2017 with the Real Estate (Regulation & Development) Act,2016 coming into force.

Exemption U/s. 54 cannot be denied for investment in joint name

May 1, 2017 8664 Views 1 comment Print

Assessee was entitled to full exemption u/s. 54 when full amount was invested by assessee even though property was purchased in joint names of assessee and his brother.

Fired from Job for being drunk on the way to duty is Shockingly Disproportionate: HC

April 30, 2017 5973 Views 0 comment Print

An employee wins a foreign jaunt; apart from the pleasure pursuit, the employee will undergo training abroad. On board the flight bound overseas, the employee is found drunk, too much. He is deplaned. The employer treats it as grave misconduct, punishes him —with removal from service. Is the punishment shockingly disproportionate

HC not accepted standard excuses of dept. for delay in appeal filing

April 30, 2017 2190 Views 0 comment Print

The Court finds that the standard excuse that the Department is putting forth in all such applications for condonation of delay in re-filing the appeal is two-fold. The first is regarding the budgetary constraints of the Departmen

Cash Transactions for which details needs to submitted by 30.04.2017

April 29, 2017 78009 Views 3 comments Print

If you are a Banking Company or Co-operative Bank or NBFC, Trustee of Mutual Fund, SRO, RTO, a Depository Participant or Custodian of Securities, Stock Broker, Share Transfer Agent, Broker to an issue, Merchant Banker, Portfolio Manager, Investment Advisor, a trader of goods or a service provider (with turnover exceeding Rs. 1 crore

Insurance plans to help you with wealth accumulation

April 26, 2017 12411 Views 0 comment Print

Today each and individual wants to live up the aspirations and dreams of his/her family and provide all kinds of comfort to them. For turning all the dreams into reality and fulfilling all the aspirations, one is required to identify all the different avenues for maximising their earnings as all aspirations and dreams have a price which needs to be paid.

Empanelment for Audit of Cooperative Societies in Maharashtra F.Y. 2017-20

April 26, 2017 75708 Views 31 comments Print

Online application’s are invited for Audit Empanelment for 2017-2020 by Commissioner for Cooperation and Registrar, Cooperative Societies (CC and RCS) Maharashtra State, Pune Apply for the Empanelment between 27th April to 12th May 2017 as an online process on Mahasahakar website  i.e.  https://mahasahakar.maharashtra.gov.in Further Update on 01.04.2018- Auditor Empanelment List 2017-2020 – Click to Download […]

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