Daily Archives: April 11, 2016

Glimpse of Real Estate (Regulation and Development) Act 2016

By | April 11, 2016

Real Estate (Regulation and Development) Act, 2016 received the assent of the President on 25th March 2016, which substantially amends the original Real Estate Bill, 2013. This act will apply from a date to be notified in official gazette. The Act largely seeks to protect the interest of the allottees/purchasers by promoting transparency, accountability and… Read More »

Aadhaar card printed on ordinary paper is Valid

By | April 11, 2016

UIDAI cautions public against sharing of their Personal Information with unauthorized Agencies for Printing PVC (Plastic) Aadhaar Card The Unique Identification Authority of India (UIDAI) cautions people not to fall to ploys of some unscrupulous entities who are charging anywhere between Rs.50 to Rs.200 for printing Aadhaar on a plastic card in the name of… Read More »

Service Tax on Senior Advocate stayed by Calcutta High Court

By | April 11, 2016

HIGH COURT OF CALCUTTA Bar Association v. Union of India SANJIB BANERJEE, J. WP NO. 291 OF 2016 MARCH  31, 2016 R.N. Bajoria, Sr. Adv., S.K. Kapur, Sr. Adv., J.P. Khaitan, Sr. Adv., A. Chakraborti, Adv., P. Jhunjhunwala, Adv., A. Gupta, Adv., P.K. Jhunjhunwala, Adv., S.B. Saraf, Adv., T.M. Siddiqui, Adv., Koushik Chandra, Addl. Solicitor-General… Read More »

EVC for electronically filed Form of Appeal to CIT (Appeals)

By | April 11, 2016

Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 5/2016 New Delhi, 6th of April, 2016 Subject: Electronic Verification Code (EVC) for electronically filed Form of Appeal  to Commissioner (Appeals) In exercise of the powers conferred by sub-section (1) of section 249 read with section 295… Read More »

Limited Liability Partnership Act Applicability

By | April 11, 2016

Whether the Limited Liability Partnership Act is applicable to any specific services like professional services regulated by Statutes? No.Any two or more persons associating for carrying on a lawful business with a view to profit may set up an LLP. In the light of various inputs received by this Ministry for applicability of the LLP… Read More »

Limited Liability Partnership Concept

By | April 11, 2016

Limited Liability Partnership Concept of limited liability partnership LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own… Read More »

26QB online correction enabled by CPC TDS

By | April 11, 2016

SECTION 194-IA OF THE INCOME-TAX ACT, 1961 – PAYMENT ON TRANSFER OF CERTAIN IMMOVABLE PROPERTY OTHER THAN AGRICULTURAL LAND – CORRECTION AND STATEMENT CUM CHALLAN RELATING TO TDS ON SALE OF PROPERTY UNDER SECTION 194-IA – WITHDRAWAL OF STANDARD OPERATING PROCEDURE (SOP) LETTER F.NO.DIT(S)-2/FORM 26QB/100/2015, DATED 22-3-2016 Kindly refer to the above. 2. Section 194-IA… Read More »

FAQS ON 26QB FORM CORRECTION

By | April 11, 2016

26QB FORM CORRECTION Q1: What are the various types of defaults that may get generated on 26QB processing? Ans: Following are the types of Defaults that may get generated on 26QB processing:— 1) Short Deduction: Short deduction is computed when the rate at which TDS Deducted is less than 1%. Short Deduction Computation u/s 200A… Read More »