Daily Archives: March 2, 2017

Exchange Rate of Foreign Currency w.e.f 03.03.2017

By | March 2, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.12/2017-CUSTOMS (N.T.), dated 16thFebruary, 2017, except as respects things done or omitted… Read More »

Time to file revised return lapsed – Sec. 54F relief can be claimed under sec. 264

By | March 2, 2017

HIGH COURT OF DELHI Rajesh Kumar Aggarwal v. Commissioner of Income-tax, Delhi-VIII S. RAVINDRA BHAT AND NAJMI WAZIRI, JJ. W.P. (C) NO. 4111 OF 2014 C.M. APPEAL NO. 8240 OF 2014 JANUARY  3, 2017 Dr. Rakesh Gupta, Somil Agarwal, Rohit Kumar Gupta and Ms. Monika Ghai, Advs. for the Petitioner. Rahul Chaudhary, Sr. Standing Counsel… Read More »

6 IELTS Practice Tests – Book

By | March 2, 2017

6 IELTS Practice Tests by Monica Sorrenson McGraw-Hill Education 6 IELTS Practice Tests with Audio is the ideal way to sharpen skills and prepare for this high-stakes English proficiency test required for admission or hiring by hundreds of schools, multinational corporations, and government agencies worldwide. Created by a veteran IELTS teacher and grader, it offers the… Read More »

Transfer Pricing in India Since Inception To BEPS -Book

By | March 2, 2017

Transfer Pricing in India Since Inception To BEPS The cross-border transaction flows are increasingly being scrutinized mainly because in the present times of fiscal constraints, the tax administrations attempt to secure a wider revenue base. The dynamics of changing business structures and regulatory regimes make the analysis of transfer pricing more challenging for the taxpayers… Read More »

Book on Right to Information Act 2005 -Shruti A Desai -2017 Edition

By | March 2, 2017

THE RIGHT TO INFORMATION ACT 2005 b y Shruti A Desai -2017 Edition Book Act No. 22 of 2005 (As Amended by GSR 673 E dt. 08-7-2016) With The Right to Information Rules, 2012  & The Maharashtra Right to Information Rules, 2005 Alongwith The Lokpal and Lokayuktas Act, 2013 Guide on The Right to Information Act, 2005… Read More »

Parveen Sharma Advanced Accountancy for CA Inter IPCC May 2017

By | March 2, 2017

Parveen Sharma Advanced Accountancy for CA Intermediate (IPC) Group II for May 2017 Exams & Onwards  by CA. Parveen Sharma & CA. Kapileshwar Bhalla Price of this Book Rs 870. Click to buy this book online Description -Parveen Sharma Advanced Accountancy for CA Inter IPCC May 2017  For a thorough grasp on the subject of… Read More »

Infrastructure Lending Definition -NBFC to be guided by Govt Gazette Notifications

By | March 2, 2017

RBI/2016-17/242 DNBR.PD.CC.No.085/03.10.001/2016-17 March 2, 2017 All Non-Banking Financial Companies Dear Sir/ Madam, Infrastructure Financing- Definition of ‘Infrastructure Lending’ Please refer to the definition of ‘Infrastructure Lending’ contained in the Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking… Read More »

Financial Literacy and rural branches – Policy Review by RBI

By | March 2, 2017

Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Policy Review RBI/2016-17/236 FIDD.FLC.BC.No.22/12.01.018/2016-17 March 02, 2017 To Chairman/MD & CEO Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Policy Review Please refer to our circular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016 on guidelines for… Read More »

Category: RBI

GST Video- Case Study GST Impact Study on Construction and Manufacturing

By | March 2, 2017

Case Study GST Impact Study Published on Mar 1, 2017 Related Post on GST Free Video GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical Session) GST Video- Valuation of Taxable Supply & Valuation Rules (3rd technical session) GST Video… Read More »

webinar to decode section 94B -Thin Capitalization Norms- TP and GAAR

By | March 2, 2017

BMR Webinar on Decoding the Thin Capitalization Norms Armed with the recommendations made by the OECD in its final report on Action 4, Limiting Base Erosion Involving Interest Deductions and Other Financial Payments (BEPS Action Plan), the Finance Minister, has proposed the introduction of the Limitation of Interest deduction concept by insertion of Section 94B… Read More »

Indian Railways Freight and Passenger Business Action Plan -2017-18 launched

By | March 2, 2017

Minister for Railways inaugurates key freight sector initiatives of Indian Railways. Indian Railways Freight and Passenger Business Action Plan -2017-18 was launched today Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated following key freight sector initiatives today i.e. 02-03-17 at National Rail Museum, New Delhi:- Policy of ‘Long Term Contracts’ with major customers. Indian Railways… Read More »

Shri Ajay Tyagi takes charge as Chairman, SEBI

By | March 2, 2017

Securities and Exchange Board of India PR No. 15/2017 Shri Ajay Tyagi takes charge as Chairman, SEBI Shri Ajay Tyagi took charge as Chairman, Securities and Exchange Board of India, today. Prior to this, Shri Tyagi was Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, handling the portfolios of Capital Market… Read More »

E-Flash-Union Budget 2017-18 -ICAI

By | March 2, 2017

The Institute of Chartered Accountants of India (ICAI) has released E-Flash on amendment proposed by Finance Bill, 2017  i.e. Union Budget 2017-18. It Contains 5 Sections below- 1. ICAI Press Release—Union Budget 2017 2. Direct Tax Proposals—Highlights 3. International Tax Proposals—Highlights 4. Indirect Tax Proposals—Highlights 5. State Of The Economy—Major Highlights ICAI Press Release— Union Budget 2017… Read More »

Withdraw Surcharge@10% for total income between Rs.50 lakhs to Rs. 1 crore -Budget 2017-18 Suggestions

By | March 2, 2017

Paragraph A of Part III to the First Schedule – Proposed Surcharge @ 10% for income exceeding Rs 50 lakhs – Removal of surcharge to ensure parity in effective tax rates vis-à-vis small and medium companies Surcharge @ 10% is proposed in cases where total income of an individual/HUF/AOP/BOI exceeds Rs.50 lakhs but do not… Read More »

Reduce Tax to @ 25% on LLP, Firms, Firms Coverted into Companies, New companies – Budget 2017-18 Suggestions

By | March 2, 2017

Suggestions on Paragraph E of Part III to the First Schedule of Finance Bill 2017- Reduction in corporate tax rate – Reduced corporate tax rate to be applicable for erstwhile firms recently converted into companies and also LLPs and companies which were set up subsequent to F.Y.2015-16 The Finance Bill, 2017  proposes a concessional rate… Read More »

Partly Cash Expenditure on Asset – entire amount Disallowed ? Budget 2017-18 Suggestions

By | March 2, 2017

Suggestions on Clauses 13 and 16 of Finance Bill 2017- Section 35AD and 43(1) – Cash payment exceeding Rs 10,000 to be disallowed – Exceptions contained in Rule 6DD may be extended to section 35AD and 43(1) also In order to discourage cash transactions even for capital expenditure, the Finance Bill, 2017 proposes to amend section… Read More »

Rs 2 Lakh Interest deduction for house property held as stock-in-trade by builders? – Budget 2017-18 Suggestions

By | March 2, 2017

Suggestions on Clause 12 of Finance Bill 2017- Section 23(5) – Deemed Taxability of unsold stock of house property after 1 year of lying vacant – Non-applicability of restriction contained in proposed section 71(3A) The Finance Bill, 2017  proposes to insert sub-section (5) in existing section 23 to provide that where the house property consisting… Read More »

Exclude pooling vehicles like Mutual funds, AIP’s from section 115BBDA- Dividend Taxation– Budget 2017-18 Suggestion

By | March 2, 2017

Suggestions on Clause 44 of Finance Bill / Budget 2017- Section 115BBDA – Scope of section 115BBDA, initially restricted to individuals, HUFs and Firms, expanded –Certain pooling vehicles like Mutual funds, AIFs etc. to be exempted The Finance Act, 2016 had inserted new Section 115BBDA to tax dividend income in excess of Rs. 10 lacs… Read More »

Direct Tax Laws -Quick Referencer cum Compiler for CA Final June 2017 -Dr. Yogendra Bangar Dr. Vandana Bangar

By | March 2, 2017

Comprehensive Guide to Direct Tax Laws – A Quick Referencer cum Compiler for CA Final June 2017 Exam by Dr. Yogendra Bangar Dr. Vandana Bangar Also Useful for CA Final, CMA, CS & Other Professional Courses 2017 Price of this book is Rs 724. Click to buy this Book online Related Books on CA Final Exam… Read More »

Bangar books CS Executive June 2017 – Tax Laws & Practice -Quick Referencer

By | March 2, 2017

Bangar’s Comprehensive Guide to Tax Laws & Practice A Quick Referencer cum MCQ’s for CS Executive June 2017 Exam by Dr. Yogendra Bangar , Dr. Vandana Bangar  This Bangar books CS Executive June 2017  is useful for CS executive, CMA, ITO, B.com & other Professional Courses. Publisher: Aadhya Prakashan (2017) Price of this book is Rs… Read More »

Advanced Tax Laws and Practice for CS Professional June 2017 -Dr Vandana Bangar and Dr. Yogendra Bangar

By | March 2, 2017

Aadhya Prakashan’s Comprehensive Guide to Advanced Tax Laws and Practice for CS Professional June 2017 Exam by Dr Vandana Bangar and Dr. Yogendra Bangar This Book on Advanced Tax Laws and Practice is  Useful for CS (Final), MBA, CFA, LL.B & Other Courses Price of this book is Rs 1041. Click to buy this book online… Read More »

U.S. Master Tax Guide (2017) 100th Edition – CCH Tax Law Editors

By | March 2, 2017

U.S. Master Tax Guide (2017) 100th Edition by CCH Tax Law Editors The U.S. Master Tax Guide provides helpful and practical guidance on today’s federal tax law. This 100th Edition reflects all pertinent federal taxation changes that affect 2016 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax. The… Read More »

Law The Doctor Must Know -2017 Edition Book

By | March 2, 2017

Law The Doctor Must Know (Pb 2017) by Bhatt H J  The book has 18 chapters which discuss all the medico legal sections, including the Drugs Act, landmark judgement and important bare acts, which an active medical practitioners must know. The medical practitioners, irrespective of the specialty in which they practice, should keep this handbook ready… Read More »

USA-IRS Has Refunds of $1 Billion for Who Have Not Filed 2013 Federal Income Tax Return

By | March 2, 2017

IRS Has Refunds Totaling $1 Billion for People Who Have Not Filed a 2013 Federal Income Tax Return IRS YouTube Videos: Refund: Claim It or Lose It – English | Spanish | ASL WASHINGTON — The Internal Revenue Service announced today that unclaimed federal income tax refunds totaling more than $1 billion may be waiting… Read More »

USA- IRS -Free Help Preparing Tax Returns Available Nationwide

By | March 2, 2017

Free Help Preparing Tax Returns Available Nationwide IRS YouTube Videos: Free Help Preparing Your Tax Return: English | Spanish | ASL                                                          WASHINGTON –– The Internal Revenue Service reminded taxpayers today that they may be eligible to receive free tax help at nearly 12,000 preparation sites nationwide. The sites, generally located at community and neighborhood centers,… Read More »