Daily Archives: January 7, 2017

Rajya Sabha to meet on 31.01.2017

By | January 7, 2017

RAJYA SABHA SECRETARIAT NOTIFICATION New Delhi, the 7th January, 2017 No. RS 1/1/2017-L.—The following Order by the President dated the 6th January, 2017, is published for general information :- “In exercise of the powers conferred upon me by clause (1) of article 85 of the Constitution, I hereby summon the Rajya Sabha to meet at… Read More »

List of 11 Special Category States under GST of India

By | January 7, 2017

Special Category States under GST List of Special Category States under GST Special Category States under GST :- As per Explanation (3) of Section 22 of CGST act 2017 , ” special category States ” shall mean the States as specified in sub-clause (g) of clause (4) of article 279A of the Constitution.  List of which is… Read More »

Definition of GST – Good and Service Tax -India

By | January 7, 2017

Definition of GST- Good and Service Tax Definition of GST -Goods and Service Tax – as defined in Article 366 (12A) of Constitution of India to mean “any tax on supply of goods or services or both except taxes on supply of the alcoholic liquor for human consumption‟. Definition of Goods under GST In terms of Section… Read More »

legal services and accounting services also covered in SEZ rules 2006

By | January 7, 2017

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 3rd January, 2017 G.S.R. 12(E).—In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:— (1) These… Read More »

Income from flowers & petals in pots is agriculture income : exempt from Tax u/s 10

By | January 7, 2017

HIGH COURT OF MADRAS Commissioner of Income-tax, Chennai v. K.N. Pannirselvam S. MANIKUMAR AND D. KRISHNAKUMAR, JJ. TAX CASE (APPEAL) NO. 617 OF 2016 SEPTEMBER  1, 2016 T. RaviKumar for the Appellant. JUDGMENT D. Krishnakumar, J. – The present appeal has been filed by the Revenue under Section 260A of the Income Tax Act 1961… Read More »

Service Tax Payment Due Date

By | January 7, 2017

Service Tax Payment Due Date Service Tax Payment Due Date for different kind of Assessee is as follow :- Service Tax Payment Due Date for Assessee other than individual, proprietary firm or partnership firm or LLP Monthly  payment of service tax except for March  The service tax is payable by assessee (other than individual, proprietary… Read More »

Tea (Marketing) Control (Amendment) Order 2017

By | January 7, 2017

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 3rd January, 2017 S.O. 21(E).–In exercise of the power conferred by sub-sections (3) and (5) of section 30 of the Tea Act, 1953 (29 of 1953), the Central Government hereby makes the following amendments further to amend the Tea (Marketing) Control Order, 2003,… Read More »

OIDAR Service Tax Payments Procedure

By | January 7, 2017

Procedure for online payment through foreign banks in respect of OIDAR Service Tax Payments by Non-Taxable Territory (NTT) Assessees 1. The Taxpayer need to have an internet banking account in one of the following foreign banks Sr. No Bank Name 1 BNP PARIBAS 2 CITIBANK 3 DBS 4 DEUTSCHE BANK 5 HSBC 6 STANDARD CHARTERED… Read More »

Exemption to Specified IFSC Public company –under section 462 of the Companies Act,2013

By | January 7, 2017

Notification –Exemption to Specified IFSC Public company –under section 462 of the Companies Act,2013 GOVERNMENT OF INDIA MINISTRY OP CORPORATE AFFAIRS Notification New Delhi. the 4th January, 2017 GSR.___(E). – In exercise of the power conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of the said section of… Read More »

Exemption to IFSC Private company U/s. of 462 of Companies Act, 2013

By | January 7, 2017

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 4th January, 2017 G.S.R.___ (E). – In exercise of the powers conferred by clauses (a) and (b) of sub­-section (1) of section 462 and in pursuance of sub-section (2) of the said section of the Companies Act., 2013 (18 of 2013), the Central Government, in the… Read More »

Give PAN to Bank before 28.02.2017 , if not given till date : Govt Notification

By | January 7, 2017

PAN (Permanent Account Number) to Bank As per the Notification G.S.R. 14(E) Dated  06.01.2017  every person who has Bank account but has not furnished his PAN number to the bank at the time of opening of Bank account or subsequently  is required to furnish PAN before 28.02.2017. Relevant Portion of Notification is reproduced as follow :-  In the… Read More »

Rule – 114C of Income-tax Rules – Verification of PAN under Rule 114B

By | January 7, 2017

Rule – 114C of  Income-tax Rules 1 [Verification of Permanent Account Number in transactions specified in rule 114B. 114C. (1) Any person being,— (a) a registering officer or an Inspector-General appointed under the Registration Act, 1908 (16 of 1908); (b) a person who sells the immovable property or motor vehicle; (c) a manager or officer… Read More »

Income Tax asked Cash Deposit reporting from 1st April 2016 from Banks in New format under Rule 114E

By | January 7, 2017

As per the Following Notification , Income tax department has asked the Details of Cash Deposits from Bank from 01.04.2016 to 09.11.2016 in respect of following Bank Accounts :- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th January, 2017 G.S.R. 14(E).—In exercise of the powers conferred by… Read More »

m-Parivahan App – Check details of car and owner

By | January 7, 2017

m-Parivahan Ministry of Road Transport and Highways will launch mobile apps  m-Parivahan –  during the week  from 9th to 15th January 2017. m-Parivahan is a citizen centric app that will facilitate access to various transport related services. The app provides for virtual driving license and registration certificate through back end connection to Transport National Register. … Read More »