Daily Archives: July 30, 2016

Rs 919 Crores collected under Sovereign Gold Bond Scheme -4th tranche

By | July 30, 2016

Collections under Sovereign Gold Bond Scheme Reach a New High. The amount realised through the 4th tranche, at around Rs 919 Crores, is the highest achieved as yet In pursuance of the announcement in Union Budget 2015-16, Sovereign Gold Bond (SGB) scheme was launched as an alternative to physical gold in Nov 2015. The aim… Read More »

Judicial and Technical Members in National Company Law Tribunal appointed

By | July 30, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 28th July, 2016 S.O. 2563(E).—In exercise of the powers conferred by section 408 of the Companies Act, 2013, the Central Government hereby appoints following persons as Judicial and Technical Members in the National Company Law Tribunal in the pay scale of Rs. 67000-79000/- with effect from the dates… Read More »

Relief in Average Export Obligation as per Para 5.19 of Hand Book of Procedures of FTP 2015-20

By | July 30, 2016

Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20. Government of lndia Minlstry of Commerce and industry Department of Commerce (Directorate General of Foreign Trade) ISO 9001:2008 Certified Organisalon udyog Bhawan,H―Wing,Gate No 2, Maulana Azad Road,New Delhi-110011 Tel(EPBAX No):011-23061562 Fax No1 011-23062225 web Site:http://dgft. gov.in E―… Read More »

Trademark certificate registration process made automated

By | July 30, 2016

GOVERNMENT OF INDIA Ministry of Commerce & Industries Office of the Controller General Patents, Designs and Trademarks Boudhik Sampada Bhawan, S. M. Road, Antop Hill, Mumbai 400037 CG/Public Notice-/2016-17/TMR/     Date: 28/07/2016 Public Notice The process relating to generation & issuance of registration certificates for applications made for registration of trademarks has been fully… Read More »

Income Tax Department Open on Saturday and Sunday -30th July and 31st july – to accept Return

By | July 30, 2016

F.No.225/195/2016/ITA.II Government of India Ministry of Finance Depertrnen1 of Revenue Central Boland of Direct Taxes North Block., New Delhi, the 29th of July, 2016 Order Under Section 119(1) of the Income tax Act, 1961. The ‘due-date’ of filing Income-tax returns for certain categories of tax payers pertaining to Assessment Year 2016-2017 is 31st July, 2016,… Read More »

Removal of mandatory warehousing requirements for EOUs, STPIs,EHTPs etc

By | July 30, 2016

Removal of mandatory warehousing requirements for EOUs, STPIs,EHTPs etc-Amendment to Notification 52/2003-Customs dt 31.3.2003. F.No. 484/3/2015-LC (Pt II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs North Block, New Delhi Circular No. 35/2016-Customs Dated, the 29th July 2016 All Principal Chief Commissioners Customs, All Principal Chief Commissioners of… Read More »

Amends Notification 52/2003-Customs dated 31.3.2003

By | July 30, 2016

Amends Notification 52/2003-Customs dated 31.3.2003 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 44/2016-Customs New Delhi, the 29th July, 2016 S.O. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being… Read More »

Procedure for exports through Foreign Post Office using e-commerce platform under MEIS Scheme

By | July 30, 2016

Procedure for exports through Foreign Post Office Delhi / Mumbai / Chennai using e-commerce platform under MEIS Scheme of Chapter 3 of Foreign Trade Policy (2015-20) Circular No. 36/2016-Customs F.No. 476/01/2013/LC Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************** North Block, New Delhi, Dated 29th July 2016.… Read More »

India – Saint Kitts and Nevis DTAA notified

By | July 30, 2016

MINISTRY OF FINANCE (Department of Revenue) Notification No. 62/2016-Income Tax New Delhi, the 21st July, 2016 S.O. 2488(E).—Whereas, an Agreement between the Government of the Republic of India and the Government of Saint Kitts and Nevis was signed at New York on the 11th November, 2014 (hereinafter referred to as the said Agreement); And whereas,… Read More »

Re-evaluation of CA Exam Answer Books cannot be directed : High Court

By | July 30, 2016

Issue writ petition was filed by the appellant who is a student of respondent No.1- Institute of Chartered Accountants of India. He gave the Final Examination of the respondents in November, 2013. He did not qualify. He thereafter applied for Suggestive Answers, Re-evaluation of the marks and Certified copy of his answer sheet. Held In… Read More »

Book on Strategic Financial Management for CA Final

By | July 30, 2016

Strategic Financial Management for CA Final (English) (Paperback, Dr J B Gupta) BUY Specifications of Strategic Financial Management for CA Final (English) (Paperback, Dr J B Gupta) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10 9350719606 Edition Ninth Publication Year 2016 Language English ISBN-13 9789350719602 Binding Paperback

Book on Advanced Auditing and Professional Ethics for CA Final

By | July 30, 2016

Advanced Auditing and Professional Ethics for CA Final (English) (Paperback, CA Pankaj Garg) BUY Specifications of Advanced Auditing and Professional Ethics for CA Final (English) (Paperback, CA Pankaj Garg) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10 9350719428 Edition Seventh Publication Year 2016 Language English ISBN-13 9789350719428 Binding Paperback

Commissioner u/s 59 (2) of DVAT Act can call upon to produce books even if no rules framed

By | July 30, 2016

HIGH COURT OF DELHI Vayam Technologies Ltd. v. Commissioner of Trade & Taxes DR. S. MURALIDHAR AND VIBHU BAKHRU, JJ. W.P. (C) NO. 10156 OF 2015 CM NOS. 25028 & 28227 OF 2015 MAY  26, 2016 Rajesh Jain and Virag Tiwari, Advs. for the Petitioner. Gautam Narayan, ASC and R.A. Iyer, Advocate for the Respondent.… Read More »

DVAT Dealers to Install softwares to communicate sale invoices to Commissioner

By | July 30, 2016

DELHI VALUE ADDED TAX (AMENDMENT) ACT, 2016 – AMENDMENT IN SECTIONS 3, 29, 86, 92, 93 & 107 AND INSERTION OF SECTIONS 50A, 91A NOTIFICATION NO.F.14(12)/LA-2016/CONS2LAW/7786, DATED 5-7-2016 The following Act of the Legislative Assembly of the National Capital Territory of Delhi received the assent of the Lt. Governor of Delhi on the 24th June,… Read More »

High Court can’t direct CIT(A) to condone the delay beyond condonation power of CIT(A)

By | July 30, 2016

Held Section 85 of the Finance Act, is similar to Section 128 of the Customs Act, 1962; Section 34(3) of the Arbitration and Conciliation Act, 1996; Section 125 of the Electricity Act, 2003; Section 35-G of the Central Excise Act, 1944 and the statutes referred to above, are self contained Acts and codes by themselves.… Read More »

Arrear of 7th pay commission to be paid in one installment with Aug 2016 Salary

By | July 30, 2016

Arrear of 7th pay commission to be paid in one installment in cash with Aug 2016 Salary No. 1-5/2016-IC Government of India Ministry of Finance Department of Expenditure (Implementation Cell) New Delhi , the 29th july 2016 Office Memorandum Subject : Implementation of the recommendations of the 7th Central Pay commission- Fixation of pay and… Read More »