Daily Archives: March 8, 2017

Delhi Govt hike minimum wages w.e.f 06.03.2017 – Key Points

DIRECTORATE OF INFORMATION & PUBLICITY GOVERNMENT OF DELHI ***** Delhi creates history as all decks are cleared to hike minimum wages in the Capital Approximately 50 lakh families to benefit Minimum wage hike after 22 years Hike to be implemented from March 6, 2017 [ Read Minimum Wages Revised by Delhi Govt – Notification 03.03.2017 ] Delhi… Read More »

Credit can not be denied to purchaser for non payment of tax by Seller

Held The default of the selling dealer in not filing returns or not paying tax at his end cannot result in the denial of credit to the purchasing dealer. In such circumstances, if the selling dealer fails to remit the tax, the statute provides adequate machinery for recovery of the tax from the seller, who… Read More »

CBI arrested Superintendent of Central excise for Rs 4 Lakh bribery

CBI ARRESTS A SUPERINTENDENT OF CENTRAL EXCISE AND A PRIVATE PERSON IN AN ALLEGED BRIBERY OF RS. FOUR LAKH CBI Press Release New Delhi, 08.03.2017 The Central Bureau of Investigation has arrested a Superintendent of Central Excise, Anti-Evasion, Hyderabad-II Commissionerate, Kendriya Shulk Bhavan, Basheerbagh, Hyderabad and a private person (representative of a private firm) in… Read More »

Rajasthan Budget 2017-18 Notifications 08.03.2017

Download : Following Notifications  in Rajasthan Budget 2017-18 dated 08.03.2017 Notification No-S.O.146 – Rajasthan Value Added Tax (Second Amendment) Rules, 2017. Notification No S.O.147. –  the tax payable by the dealer who has exercised option for payment of tax under sub-section (2) of section 3 of the Act, Notification No S.O.148.- Rate of tax payable for certian goods as… Read More »

GST Video – Accounts and Records, Payment of Tax , Tax Invoice, Supplementary Invoice, Debit and Credit Notes

Accounts and Records, Payment of Tax , Tax Invoice, Supplementary Invoice, Debit and Credit Notes Published on Mar 7, 2017 Accounts and Records, Payment of Tax (Interest payable and recoupable/ adjustment for excess/ Transitional Provisions), Tax Invoice, Supplementary Invoice, Debit and Credit Notes Related Post on GST Free Video GST Video- Brief Concept of Model… Read More »

Interest paid on loan taken to repay previous loan of Property – deduction alllowed u/s 24(b)

1.  DCIT Vs. M/s. Patton Developers Pvt. Ltd., I.T.A No. 1043/Kol/2014, Date of Order: 01.03.2017, ITAT- Kolkata Issue: Whether interest paid by assessee on loan taken for repaying the loan earlier borrowed for acquisition of the property is allowed as deduction u/s 24(b) of the Income Tax Act,1961? Held: Yes Brief Facts: The assessee declared… Read More »

USA -IRS Interest Rates Remain Same for Second Quarter of 2017

Interest Rates Remain the Same for the Second Quarter of 2017 WASHINGTON ― The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2017.  The rates will be: four (4) percent for overpayments [three (3) percent in the case of a corporation]; 1 and one-half… Read More »

USA -IRS 5 Tax Tips on Unemployment Benefits

Five Tax Tips on Unemployment Benefits Taxpayers who received unemployment benefits need to remember that it may be taxable. Here are five key facts about unemployment: Unemployment is Taxable. Include all unemployment compensation as income for the year. Taxpayers should receive a Form 1099-G, Certain Government Payments, by Jan. 31. This form shows the amount… Read More »

Authorization Letter for GST – Format

Fomat of Authorization Letter for Colleting Provisional Password and IDS for GST from State VAT Departments / Authorization Letter for GST Registration Particulars for Authorized Representative  1. Name of the Firm : ________________________________ 2. Place of business with address ________________________________ ________________________________ ________________________________ 3. Full name of the authorized representative ________________________________ 4. Designation : ________________________________ 5.… Read More »

Category: GST

Sarkar Code of Civil Procedure (Set of 2 Volumes) – 2017 Book 12th Edition

Sarkar Code of Civil Procedure (Set of 2 Volumes) Hardcover – 23 Dec 2016 by Sarkar (Author), Justice M L Singhal (Author), Sudipto Sarkar  Sarkar Code of Civil Procedure is a legal classic. It is the most original, authentic, dependable and brilliant work having a profound impact on its vast readership that covers judges, lawyers, administrators, law… Read More »

Pediatric & Neonatal Dosage Handbook with International Trade Names Index -2017 Edition

Pediatric & Neonatal Dosage Handbook with International Trade Names Index by Carol K. Taketomo (Author) The Lexicomp Pediatric & Neonatal Dosage Handbook with International Trade Names Index, 23rd edition is a valuable worldwide dosing resource designed to support medical professionals managing pediatric and neonatal patients. The Pediatric & Neonatal Dosing Handbook with International Trade Names Index… Read More »

Drug Information Handbook with International Trade Names Index -2017 Edition

Drug Information Handbook with International Trade Names Index by Lexicomp The Drug Information Handbook with International Trade Names index, 25th Edition, contains most of the industry-Ieading pharmacology content from the Lexicomp Drug Information Handbook, plus Canadian and multinational drug monographs for use worldwide. Price Rs 5091.44 Click to buy online Paperback: 2578 pages Publisher: Lexi-Comp,U.S.; 25th… Read More »

Copyright Law in a Nutshell – book on U.S. copyright law – Mary LaFrance

Copyright Law in a Nutshell by Mary LaFrance This product offers a compact yet comprehensive and up-to-date overview of U.S. copyright law in an uncluttered and readable format. Coverage ranges from the fundamental concepts of originality, authorship, and infringement to the highly technical rules governing digital phonorecord deliveries and digital public performance rights in sound recordings,… Read More »