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Companies (Share Capital and Debentures) Second Amendment Rules, 2018

May 7, 2018 2856 Views 0 comment Print

In the Companies (Share Capital and Debentures) Rules, 2014, in the principal rules, in rule 8, in sub-rule (1), in the Explanation, in clause (i) in sub-clause (a), the words for at least last one year shall be omitted.

FASTag Device Malfunctioning – You don’t need to pay any toll fee

May 7, 2018 6411 Views 1 comment Print

If a vehicle user with a valid, functional FASTag or any such device with sufficient balance in the linked account crossing a fee plaza installed with Electronic Toll Collection infrastructure, is not able to pay user fee through FASTag or any such device owing to malfunctioning of Electronic Toll Collection infrastructure, the vehicle user shall […]

Eligibility of Permanently Disabled Unmarried Son of a CGHS Beneficiary

May 7, 2018 2787 Views 6 comments Print

An unmarried son of a CGHS beneficiary suffering from any permanent disability of any kind (physical or mental) will be entitled to CGHS facility even after attaining the age of 25 years.

Assam to roll out intra-state e-way bill WEF 16th May, 2018

May 7, 2018 1713 Views 0 comment Print

Provisions of the e-way bill rules for intra-state movement of goods (movement of goods which commences and terminates within the State of Assam) shall be effective from 16th day of May, 2018.

Maharashtra to roll out intra-state e-way bill WEF 25th May 2018

May 7, 2018 12126 Views 0 comment Print

Maharashtra Government has earlier notified vide notification dated 27th March 2018 that there will be No requirement of E-way Bill from 1st April 2018 until further orders for the intra- State movement of Goods that commences and terminates within the State of Maharashtra, in respect of any goods of any value. In Modification of that […]

Protocol to amend India-Kuwait DTAA notified

May 4, 2018 963 Views 0 comment Print

S.O. 1823(E).—Whereas the Protocol amending the Agreement between the Government of the Republic of India and the Government of the State of Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income which was signed at New Delhi on 15th June, 2006 has been signed at Kuwait on the 15th January, 2017

Import policy of Urad & Moong in split & others forms amended

May 4, 2018 1044 Views 0 comment Print

Import policy of urad and moong in split & others forms under EXIM Codes: 0713 90 10 and 0713 90 90 are also restricted in addition to urad and moong under HS: 0713 31 00 with annual import quota of 3 lIkh MT for all.

President assents Ordinance for Speedy Disposal of Commercial Disputes 

May 3, 2018 873 Views 0 comment Print

Hon’ble President has given his assent to Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Ordinance, 2018 on 03rd May 2018. The ) Ordinance seeks to achieve the following objectives: The Ordinance brings down the specified value of a commercial dispute to 3 Lakhs from the present one Crore: Therefore, commercial […]

EPFO: Reg. Defaulting Establishments mandated for inspection

May 3, 2018 6624 Views 0 comment Print

(1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection.

Draft notification for determination of FMV of inventory converted in Capital Assets

May 3, 2018 2178 Views 0 comment Print

Clause (via) in section 28 is inserted by Finance Act, 2018, w.e.f. Financial year 2018-19 and it provides taxation of Inventory in the year in which it is converted in capital Assets. CBDT issued Draft of notification to be issued for amending Income-tax Rules, 1962 for prescribing the manner of determination of fair market value of the inventory for the purpose of 28(via) of the Income-tax Act, 1961.

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