Daily Archives: September 16, 2016

Transfer takes place when possession of land handed over to builder and not when sale deed is registered in case of joint development agreement

By | September 16, 2016

Held There is a fair disclosure by the assessee regarding the sale of the impugned property. In that assessment year i.e.2006-07, it is said to be accepted by the Department that as there was no transfer of capital asset as an agricultural land. It is not the case of the Department that it was subject… Read More »

House Transfer within 3 years under family arrangement, sec. 54F relief can’t be denied

By | September 16, 2016

Held The assessee’s claim for exemption u/s 54F of the Act was rejected on the ground that the assessee was having two flats and one of the flat was transferred within a period of three years. This Tribunal is of the considered opinion that even though two flats were allotted, this has to be construed… Read More »

President appointed Arun Jaitely as Chairman of GST Council

By | September 16, 2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th September, 2016 S.O. 2957(E).—The following Order made by the President is published for general information:— ORDER In exercise of the powers conferred by article 279A of the Constitution, the President hereby constitutes the Goods and Services Tax Council consisting of the following members, namely:-… Read More »

Centre sticks to its guns over dual control of GST

By | September 16, 2016

Finance ministry officials argue dual control is vital because the Centre is accountable to Parliament for its share of the tax. “Tomorrow, if Parliament asks why the tax base is not increasing, the Centre will be unable to answer. And states may say they have an elected body to whom they are answerable,” an official… Read More »

Category: GST

Book on Mastering Tally ERP 9

By | September 16, 2016

Tally ERP 9 book Mastering Tally ERP 9 (English) 2nd revised and updated edition Edition  (Nadhani A K) Tally ERP 9 book explains extensive features of Tally.ERP 9. Link to BUY Features of Mastering Tally. ERP 9 Language: English Publisher: BPB PUBLICATIONS-NEW DELHI ISBN: 9788183334754, 818333475X Edition: 2nd revised and updated edition Pages: 384 Implementation Guide for serious… Read More »

Guidelines for Issuance of Duty Credit Scrips under Incremental Export Incentivisation Scheme (IEIS)

By | September 16, 2016

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 16/2016 Date: 14th September 2016 To 1. All RAs of DGFT 2. Customs Authorities Subject: Guidelines for Issuance of Duty Credit Scrips under Incremental Export Incentivisation Scheme (IEIS) for Quarterly period (01.01.2013… Read More »

Counters to receive IDS declaration open till the midnight of 30th September 2016

By | September 16, 2016

F. No. 225/233/2016-ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 15th of September, 2016 OFFICE MEMORANDUM The last date for making declaration under the Income Declaration Scheme (I.D.S.), 2016 is 30th September, 2016 and hence the declarations can be filed till… Read More »

Transmission of Securities procedure standardized and simplified by SEBI

By | September 16, 2016

CIRCULAR SEBI/HO/MIRSD3/CIR/P/2016/0000000085 September 15 , 2016 To All recognized Stock Exchanges All Registrars to an Issue and Share Transfer Agents registered with SEBI All Depositories, Sir / Madam, Sub: Standardization and Simplification of Procedures for Transmission of Securities 1. With a view to make the process of transmission of securities more efficient and investor friendly,… Read More »

Book on Transfer Pricing With Transfer Pricing Audit -2016 Edition

By | September 16, 2016

Guide To Transfer Pricing With Transfer Pricing Audit (ENGLISH)  (Paperback, TAXMANN) This Book on Transfer Pricing contains detailed provisions on Transfer pricing as amended by Finance Act 2016 (India) You can Click to BUY this book online Features of Book on Transfer Pricing With Transfer Pricing Audit Language: ENGLISH Binding: Paperback Publisher: TAXMANN Genre: Professional ISBN: 9789350719121, 9350719126 Publication Year… Read More »

List of Income Tax Benefits for Salaried Employees [AY 2017-18]

By | September 16, 2016

Income Tax Benefits for Salaried Employees [AY 2017-18] BUY Salaried persons constitute a large chunk of total taxpayers in India and their contribution to total tax collection is substantial. The document includes brief introduction and tax treatment of various allowances and perquisites available to an employee, inter-alia, house rent allowance, gratuity, provident fund and so forth.… Read More »