Monthly Archives: March 2017

ICDS Clarification Issued by CBDT-25 FAQ -Circular No 10/ 2017 Dated 23.03.2017

F.No 133/23/2016-TM Government of India Ministry of Finance Department of Revenue Central Hoard of Direct Taxes (TPL Division) Circular No 10/ 2017 Dated 23.03.2017 Subject : Clarifications on Income Computation and Disclosure Standards (ICDS) Notified under Section 145(2) of the Income Tax Act 1961 Download PDF –  25 FAQ on ICDS Extract from Above Circular – 25… Read More »

GST Bills to be introduced in Parliament next week: FM

GST Bills to be introduced in Parliament next week: FM New Delhi, Mar 23 (PTI) Finance Minister Arun Jaitley today said supporting legislations for implementation of goods and services tax will be introduced in Parliament next week. The finance minister maintained that GST is likely to be rolled out from July 1. Jaitley said there… Read More »

Category: GST

EPFO allowed benefit of actual salary in Pension Fund exceeding wage limit

EMPLOYEES’ PROVIDENT FUND ORGANISATION No: Pension-I/12/ 33/EPS Amendment/96/ Vol.II/34007 Dated 23.03.2017 Allowing members of the Employees’ Pension Scheme, 1995 the benefit of the actual salary in the Pension Fund exceeding wage limit of either Rs. 5000 / – or Rs. 6500 per month from the effective date respectively as per the Hon’ble Supreme Court’s order… Read More »

No Tax Incentives to Apple in India

India Rejects Apple’s Key Demands on Tax Incentives India has not accepted ‘most of the demands’ on tax incentives that Apple Inc. had sought for establishing a manufacturing base in the South Asian nation, a senior official said, shifting focus to the rejection’s fallout on the iPhone-maker’s local assembly plans. Sources aware of the Cupertino,… Read More »

Amending India-Singapore DTAA notified

Third Protocol Amending India-Singapore DTAA notified today; Comes into force with effect from 27th February 2017 The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016, has come into force on 27th February 2017. The same has been notified in the Official Gazette today. The India-Singapore DTAA at… Read More »

Registration Act Book – Mulla – 13th Edition – 2016

The Registration Act Hardcover – 24 Jun 2016 by Mulla (Author) Key highlights of this book on Registration Act • This great work by Sir Dinshaw Fardunji Mulla is the most comprehensive and authoritative work on the Registration Act • This scholarly work illustrates and explains the provisions of the Act in a lucid, comprehensive and systematic… Read More »

USA IRS Announces Taxpayer Advocacy Panel Members Selected for 2017;Recruits Members for 2018

IRS Announces Taxpayer Advocacy Panel Members Selected for 2017; Recruits Members for 2018 WASHINGTON — The Internal Revenue Service announced today the selection of 24 new members to serve on the nationwide Taxpayer Advocacy Panel. The TAP is a federal advisory committee charged with providing taxpayer suggestions to improve IRS customer service. The new TAP… Read More »

Law Relating to Controversial Evidence – 2017 Edition Book -Dr. M L Dharmapurikar

Law Relating to Controversial Evidence Paperback – 2017 by Dr. M L Dharmapurikar (Author) Price Rs 450. Click to buy online Paperback: 542 pages Publisher: Kamal Publishers; 2017 edition (2017) Related Books on Indian Evidence Act 1872 Subject Books Indian Evidence Act Book Indian Evidence Act 1872 (Lawmann’s) 2017 Edition   Digest of Indian Evidence Act, 1872… Read More »

Companies Act 2013 -Book 26 Edition 2017- Bharat Publication

Companies Act 2013 Paperback – 2017 by Bare Act (Author) Exemption Notifications [All Exemption Notifications extracted under relevant sections] Referencer I        Comparative Analysis Comparative Analysis of provisions of Companies Act, 2013 with Companies Act, 1956 Comparative Analysis of provisions of Companies Act, 1956 with Companies Act, 2013 Sections of Companies Act, 2013 notified till date III.   … Read More »

Charges & Discharges – 2017 Edition Book- Chakraborty

Charges & Discharges (Kamal Publishers) Paperback – 2017 by Chakraborty (Author) Price 425. Click to buy online Paperback: 425 pages Publisher: Kamal Publishers; 2017 edition (2017) In spite of our meticulous care, it is possible that some errors or omissions may have escaped unattended. It may be notified that this publications is being sold on the… Read More »

MSP for Copra for 2017 season Approved by Govt of India

Cabinet approves hike in MSP for Copra for 2017 season The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Price (MSP) for Fair Average Quality (FAQ) of “Milling Copra” to Rs.6500/- per quintal for 2017 season from Rs. 5950/-per quintal in 2016.… Read More »

Cyber Security – MOU between India -USA

Cabinet approves MoU between India and the USA on cooperation in the field of Cyber Security The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) signed between the Indian Computer Emergency Response Team (CERT-ln) under the Ministry of Electronics and Information Technology and the… Read More »

Amendments to the NABARD Act, 1981 approved by Govt of India

Cabinet approves proposal for Amendments to the NABARD Act, 1981 Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals: (a) Amendments to National Bank for Agriculture and Rural Development Act, 1981 as proposed in the draft Bill with such changes of drafting and of consequential nature, as may be… Read More »

Fund of Fund for Start-ups (FFS) – Govt approves of proposal

Cabinet approves of proposal to establish a Fund of Fund for Start-ups (FFS)  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals with regard to the Fund of Funds of Start-ups (FFS) which was established in June, last year with a corpus of Rs. 1,000 crores. i. Alternate… Read More »

Abolition of cesses and surcharges on various goods and services for GST implementation approved by Govt

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime  Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals: i. Amendment to the Customs Act, 1962; ii. Amendments to the Customs… Read More »

BDP’s Customs Tariff with New Import Policy (Budget 2017-18) Edition Book -Anand Garg

BDP’s Customs Tariff with New Import Policy (Budget 2017-18) Edition (Fourty two Edition, 2017) Paperback – 2017 by Anand Garg (Author) The only book which gives all the duties and Foreign Trade Policy at a glance. New in this edition: Comprehensive Alphabetical Product Index; New Schedule as per HS 2017; New Foreign Trade Policy notified by… Read More »

Taxation of Companies 2017 in Ireland – Book -Deckle Edge

The Taxation of Companies 2017 Hardcover – Deckle Edge, 16 Feb 2017 by Michael Feeney (Author) This key book provides the most comprehensive analysis and commentary available on the taxation of companies in Ireland. This new edition is updated to the latest Finance Act. An extremely practical book, it features detailed worked examples and extensive references… Read More »

Book Recent Trends in Transfer Pricing Intangibles, GAAR and BEPS -2017 Edition by Ravi Kant Gupta

Recent Trends in Transfer Pricing Intangibles, GAAR and BEPS by Ravi Kant Gupta he growing importance of the intangible assets in the global economy coupled with expanding international intra-firm trade, has meant that transfer pricing issues concerning intangibles have assumed critical importance for both the Multi National Enterprises as well as Tax authorities. The identification, accounting… Read More »

Benefit of Doubts – Book – 2017 Edition – Chakraborty

Benefit of Doubts (Law Books) Paperback – 2017 by Chakraborty (Author) Contents Introduction, Murder and Suicide, Matrimonial Cruelty and Dowry Death, Dying Declaration, Synopsis, Rape, Synopsis, Benefit of the Doubt Approaches for Calculating A Composite Measure of Quality, Research Productivity in Management Schools of India-A Directional Benefit or Doubt Model Analysis,, Synopsis, A Unique Pro-Claimant “Benefit… Read More »

Govt Interest Subsidy Scheme on Housing Loans for Tax paying Middle Classes Released

Credit Linked Interest Subsidy scheme for tax paying Middle Classes made effective from January 1 this year Those sanctioned house loans and applied for since January 1steligible for interest subsidy of up to Rs.2.35 lakh each Aspirational  unmarried earning adults of a family made eligible for subsidy linked 20 year  loans Repurchase besides construction of… Read More »

Amendments to chapter 4 of Foreign Trade Policy 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st March, 2017 No. 42/2015-2020 Subject: Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 S.O. 905(E).— In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign… Read More »

Sec 68, Source of Source not to be proved -Copies of Tax return of NR donor can not be demanded

Issue Assessing Officer noted that the assessee had received gifts amounting to Rs. 45 lacs from her brothers namely Shri Tarsem Kumar, son of late Shri Amar Nath, resident of Evergreen Way Hayes, United Kingdom, amounting to Rs. 33 lacs and Shri Pirthi Chand, son of late Shri Amar Nath, resident of 6A, Cremonia No.… Read More »

RTI Online Portal of India -Right to Information website

Information under RTI Act RTI Online Portal (https://rtionline.gov.in) No data is centrally maintained either by Government or Central Information Commission (CIC) in respect of cases wherein the information under RTI Act has not been provided to the applicants. CIC adjudicates the second appeals and complaints received in the Commission. The Right to Information Act, 2005… Read More »

Bank of Maharasthra- Concurrent Auditors -FY 2017-18 Applications Invited

NOTIFICATION Dates 20.03.2017 to 24.03.2017 BANK OF MAHARASHTRA invites applications from practicing firms of Chartered Accountants within India, in the prescribed format, who are willing to have their firms empaneled as Concurrent Auditors of the Bank for specified branches for FY 2017-18.. Following are the terms and conditions for applying for empanelment as Concurrent Auditor in… Read More »

CBSE revamps exam, assessment format for Classes 6 to 9

New Delhi, Mar 22 (PTI) The CBSE has done away with the Continuous and Comprehensive Evaluation (CCE) scheme and replaced it with a uniform system of assessment and examination to be followed by its affiliated schools for classes 6 to 9. [ Download CBSE New Uniform System of Assessment for Class VI to IX for… Read More »

Key Changes proposed in Finance Bill 2017

Changes proposed in Finance Bill, 2017 Changes made in the Finance Bill, 2017 as passed by the Lok Sabha viz-a-viz the Finance Bill, 2017 presented originally in the Lok Sabha [ Read  Finance Bill 2017 Amendment -Lok Sabha 20.03.2017-Download/Print ]  1) Threshold limit prohibiting cash payments reduced Finance Bill, 2017 had imposed a prohibition on receipt of… Read More »

Unauthorised Construction & Encroachment – 2017 Edition Book -Namrata Shukla

Unauthorised Construction & Encroachment (Lawmann Book) Paperback – 2017 by Namrata Shukla (Author) Contents :– 1. General Contents 2. Unauthorised Construction and Encroachment 3. Subject Index 4. Appeal Right to File 5. Conditional Order for Removal of Nuisance Detection on Unauthorised Construction Equipment in Pipeline Right of Ways 6. Encroachment Construction and Mining in Ganga River… Read More »

Real Estate Regulation & Development with Model Forms – 2017 Edition Book -Bhargava

Real Estate Regulation & Development with Model Forms (Law Books)Paperback – 2017 by Bhargava (Author) Contents of this book Real Estate Regulation & Development with Model Forms :-  :– Introduction, Synopsis , Preliminary, Synopsis , Registration of Real Estate Project and Registration of Real Estate Agents (Section 3 to Section 10), , Synopsis , Functions and Duties… Read More »

Law Of Employees’ Provident Funds -7 th Edition 2017 -R C Chaturvedi

Law Of Employees’ Provident Funds (Seventh Edition,2017) Hardcover – 2017 by R C Chaturvedi (Author) The most exhaustive, analytical, authoritative and up to date treatise on the employees’ Provident Funds and Miscellaneous Provisions act,1652 together with Schemes thereunder and other allied matter. Price Rs 2450. Click to buy online Publisher: Caswell Publications; Seventh Edition edition (2017) Related… Read More »