Daily Archives: October 15, 2016

Constitution 101st Amendment Act 2016 -GST

By | October 15, 2016

Constitution 101st Amendment Act 2016 Constitution 101st Amendment Act 2016 was notified . Relevant provisions are :- Article 246A after Constitution 101st Amendment Act 2016 Article 248 after Constitution 101st Amendment Act 2016 Article 249 after Constitution 101st Amendment Act 2016 Article 250 after Constitution 101st Amendment Act 2016 Article 268 after Constitution 101st Amendment… Read More »

TDS on Commission for AY 2017-18

By | October 15, 2016

TDS on Commission for AY 2017-18 Provision regarding TDS on Commission or brokerage is provided in Section 194H of Income tax Act After Finance Act 2016 Salient Features of  TDS on Commission or brokerage Threshold limit for TDS on Commission or brokerage u/s 194H .  If Commission or brokerage or the aggregate of the amounts of Commission… Read More »

GST- All tax exemptions will move to refund mechanism

By | October 15, 2016

Government works on ironing out benefits refund mechanism for exporters Oct 15, 2016, NEW DELHI: A new plan is in the works to help exporters shift smoothly to a refunds-based mechanism when the goods and services tax (GST) kicks in. At present, exporters get tax sops upfront. India’s exports sector is facing pressure due to… Read More »

Category: GST

GST may trigger consolidation in warehousing space

By | October 15, 2016

GST may trigger consolidation in warehousing space The goods and services tax (GST) regime could usher in consolidation in the Indian warehousing space, property consultants and analysts said. With the government pushing for an April 2017 rollout of the single tax structure, many manufacturers who had built or leased warehouses in nearly every state to… Read More »

Category: GST

Effect of GST on Employment Contracts

By | October 15, 2016

Model GST Law may redefine employer-employee relationship Unlike in current scenario where provision of service by employee is excluded from definition of service, under the Model GST Law, employee service has not been excluded from the ambit of supply of service. October 14, 2016 There is a growing sense of optimism on GST as India… Read More »

US- Position on Unilateral APA Applications Involving Maquiladoras

By | October 15, 2016

IRS Announces Position on Unilateral APA Applications Involving Maquiladoras WASHINGTON –– The Internal Revenue Service today announced that U.S. taxpayers with maquiladora operations in Mexico will not be exposed to double taxation if they enter into a unilateral advance pricing agreement (APA) with the Large Taxpayer Division of Mexico’s Servicio de Administración Tributaria (SAT) under… Read More »

Category: USA

Web portal for Senior Members of ICAI for flexi working hours assignment

By | October 15, 2016

ICAI initiative for creating a portal for Senior Members of ICAI www.seniormembers.icai.org A portal for Senior Members of ICAI www.seniormembers.icai.org: An Initiative of the Committee for Capacity Building of CA Firms and Small & Medium Practitioners, ICAI The Committee has developed a website namely seniormembers.icai.org. The website provides a platform for senior members of ICAI… Read More »

Concessional Loan for lady members of ICAI

By | October 15, 2016

 ICAI initiative for the arrangement of Specialised Loan for members of ICAI and Concessional Loan to lady members of ICAI Specialized loan scheme for Members of ICAI: An Initiative of the Capacity Building of Members in Practice (CCBMP), ICAI Capacity Building of Members in Practice (CCBMP), ICAI has taken a major initiative for arranging specialized… Read More »

Householder’s Insurance for Chartered Accountants

By | October 15, 2016

Householder’s Insurance for Members of ICAI Householder’s Insurance for Members of ICAI: An Initiative of the Capacity Building of Members in Practice (CCBMP), ICAI The Capacity Building of Members in Practice (CCBMP), ICAI has taken a major initiative for arranging in the form of specially designed Householder’s Insurance through The Oriental Insurance Company Limited, New… Read More »

Health Insurance Scheme for Chartered Accountants with discounts

By | October 15, 2016

 Health Insurance Scheme for Members of ICAI The Capacity Building of Members in Practice (CCBMP), ICAI has taken a major initiative for arranging in the form of specially designed Health Insurance Scheme through New India Assurance Co. Ltd., Mumbai with the special features included No Health check-up, No age limit & entry barrier, Premium discount… Read More »

Motor Insurance at discounted premium for Chartered Accountants

By | October 15, 2016

Motor Insurance at discounted premium for members of ICAI Motor Insurance Scheme at Special OD premium for Members of ICAI An Initiative of the Capacity Building of Members in Practice (CCBMP), ICAI The Capacity Building of Members in Practice (CCBMP) of ICAI has arranged Motor Insurance Scheme at Special OD premium for members of ICAI.… Read More »

Bullion as collateral, SEBI modified condition for clearing member

By | October 15, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/112 October 14, 2016 To, The Managing Directors / Chief Executive Officers NationalCommodity Derivatives Exchanges Sir / Madam, Sub: Bullion as collateral 1. Vide circular no. CIR/CDMRD/DRMP/01/2015 dated October 01, 2015SEBI had specified comprehensive risk management framework for national commodity derivatives exchanges including norms on collateral that can be accepted by Exchanges from their… Read More »

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

By | October 15, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUBSECTION (ii)]  Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 126 /2016-CUSTOMS (N.T.) New Delhi, 14th October, 2016 22 Asvina, 1938 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of… Read More »