Daily Archives: March 10, 2017

New FORM TM-A -Application for registration of Trademark w.e.f 06.03.2017

By | March 10, 2017

New Form TM-A for Application for registration of a trademark ( Given below in pdf) has been notified by Trade Mark Rules 2017 dated 06.03.2017  [ read Trade Mark Rules 2017 -new rules Notified by Govt of India 06.03.2017 and Fees for Registration of Trade Mark in India ] FORM TM-A The Trade Marks Act, 1999 Application for registration… Read More »

Fees for Registration of Trade Mark in India

By | March 10, 2017

Fees for Registration of Trade Mark in India As per Rule 10 of Trade mark Rules 2017 issued dated 06.03.2017 [ Read  Trade Mark Rules 2017 -new rules Notified by Govt of India 06.03.2017 ] 10. Fees. — (1) The fees to be paid in respect of applications, oppositions, registration, renewal, expedited processing of application or… Read More »

RBI App- Now RBI website at your fingertips

By | March 10, 2017

Date : Mar 10, 2017 The Reserve Bank of India today formally launched a mobile application (app) version of the Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword “Reserve… Read More »

Who will pass CGST , UGST and SGST Bill

By | March 10, 2017

Goods and Service Tax (GST) Bill The 122nd Constitution Amendment Bill, 2014 has been passed by the Parliament and after ratification by fifty percent of the States, the same has been enacted as 101st Constitution Amendment, Act, 2016. No Goods and Service Tax (GST) Bill has so far been passed. The Central Goods and Services… Read More »

Category: GST

Direct and Indirect Tax collection upto February 2017

By | March 10, 2017

Net Indirect Tax collection upto February 2017 stood at Rs 7.72 lakh crore, 22.2% more than the corresponding period last year Net Direct Tax collections upto February 2017 stood at Rs. 6.17 lakh crore, 10.7% more than the corresponding period last year Indirect Taxes            The figures for indirect tax collections (Central Excise, Service Tax… Read More »

Income Tax Department identifies 17.92 Lakh persons whose tax profiles not matching

By | March 10, 2017

Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period Income Tax Department (ITD) has initiated “Operation Clean Money” on 31st January 2017 to leverage technology and data analytics for e-verification of cash deposits made during the… Read More »

Steps taken by Government of India to curb generation of black money

By | March 10, 2017

Steps taken by Government to curb the generation of black money Action against black money is an on-going process. Such actions include policy-level initiatives, effective enforcement action on the ground, putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building and integration and mining of information through increasing… Read More »

Lodging of complaints with CBI in cases of fraud by commercial banks

By | March 10, 2017

Lodging of complaints with CBI in cases of fraud /embezzlement by commercial banks and select Financial Institutions Reserve Bank of India (RBI) Master Directions dated 01.07.2016 on Frauds-Classification and Reporting by commercial banks and select Financial Institutions, inter alia, provide as follows, in regard to lodging of complaints with CBI in cases of fraud /embezzlement:-… Read More »

Website to check Live result of Elections of 5 states

By | March 10, 2017

Dissemination of Trends and Results of General Elections of 5 Assemblies to start at 8 am tomorrow through ECI website A Novel Initiative: ECI website to provide Comparative Analysis on Results of 5 Assembly Elections, 2017 with the 2012 polls Election Commission has set up robust, fool proof and secured infrastructure facility for disseminating Trends… Read More »

Can Person Availing GST Composition Scheme Purchase From Unregistered Person ?

By | March 10, 2017

Query: Under GST, if any person is availing Composition Scheme, can he purchase goods and services from unregistered Person ? Answer: A Composition supplier is required to make purchases only from registered taxpayers. In case, a composition supplier makes any purchases from an unregistered taxpayer, he would be liable to pay tax on reverse charge basis on all… Read More »

GST Video- How to file Last Return Pre- GST, 1st Return in GST & Reconciliation: Pre-GST & post GST

By | March 10, 2017

How to file Last Return Pre- GST, 1st Return in GST and Reconciliation: Pre-GST & post GST Published on Mar 9, 2017 How to file Last Return Pre- GST (Importance of last return under CE, ST, VAT i.e. current regime and relevant reconciliation) 1st Return in GST (Importance of 1st return and automatic etc.) Reconciliation:… Read More »

USA -IRS -Low Income Taxpayer Clinic List

By | March 10, 2017

Program Report and 2017 Publication 4134, Low Income Taxpayer Clinic List LITC Program Report The Internal Revenue Service’s Low Income Taxpayer Clinic (LITC) Program Office has issued its annual program report, which details how LITCs have provided representation, education, and advocacy for taxpayers who are low income or speak English as a second language (ESL).… Read More »

USA IRS – Protect Personal, Financial, Tax Information and Computers

By | March 10, 2017

Tax Time Guide: Protect Personal, Financial, Tax Information and Computers WASHINGTON — The Internal Revenue Service today reminded taxpayers to be cautious and protect personal, financial and tax information, particularly at tax time. This is the sixth in a series of 10 IRS tips called the Tax Time Guide, designed to help taxpayers navigate common… Read More »

7 new districts in Manipur – Assignment of Lead Bank Responsibility by RBI

By | March 10, 2017

RBI/2016-17/248 FIDD.CO.LBS.BC.No.23/02.08.001/2016-17 March 9, 2017 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Formation of seven new districts in the State of Manipur – Assignment of Lead Bank Responsibility The Government of Manipur vide Gazette Notification dated December 8, 2016 had notified the creation of seven new districts in the State of Manipur.… Read More »

Category: RBI

India-Belgium DTAA Amended

By | March 10, 2017

India and Belgium sign Protocol amending the India-Belgium Double Taxation Avoidance Agreement and Protocol Fighting the menace of Black Money stashed in offshore accounts is a key priority area for the Government India and Belgium have signed a Protocol amending the existing Agreement and Protocol between the two countries for Avoidance of Double Taxation and… Read More »

Maternity Benefits (Amendment) Bill 2016 Passed by Lok Sabha- Key points

By | March 10, 2017

Lok Sabha Passes Maternity Benefits (Amendment) Bill, 2016 Lok Sabha passed today on 9th March, 2017 the Maternity Benefit (Amendment) Bill, 2016 which inter-alia includes increasing maternity benefit to woman covered under the Maternity Benefit Act, 1961 from 12 weeks to 26 weeks up to two surviving children in order to allow the mother to… Read More »