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President Assents Taxation Laws (Amendment) Act, 2017

May 4, 2017 19692 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.

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

May 1, 2017 8043 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 5628 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 1971 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 77718 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 12129 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 72165 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 […]

Take steps to prevent Dengue, Chikungunya, Malaria or face stern action: Delhi HC

April 26, 2017 1398 Views 0 comment Print

Delhi HC has asked Delhi government to take all necessary steps to prevent outbreak of vector-borne diseases, including dengue, chikungunya and malaria, which are caused on account of mosquito bites.

Goods and Services Tax– What you must know

April 25, 2017 31170 Views 5 comments Print

GST is a win-win situation for the entire country. It brings benefits to all the stakeholders of industry, government and the consumer. It will lower the cost of goods and services, give a boost to the economy and make the products and services globally competitive.

Banks cannot Refuse to accept scribbled /coloured /faded bank notes

April 25, 2017 29790 Views 4 comments Print

Of late, we have been receiving complaints from members of general public that majority of the bank branches are not accepting banknotes, specifically in the denomination of Z 500 and 7 2000, with anything written/colour on them and banknotes whose colour has faded due to washing or any other reason.

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