Daily Archives: April 17, 2017

Chaturvedi and Pithisaria’s Income Tax Act after Finance Act 2017

Chaturvedi and Pithisaria’s Income Tax Act (with Relevant Texts of Allied Acts) Paperback – 1 Apr 2017 by Chaturvedi & Pithisaria (Author) Salient Features: Provides comprehensive Legislative History since 1961 upto the Finance Act, 2017 Incorporates updated section wise Quick Reference Guide for Important case law, circulars, notifications and press releases All terms and expressions as… Read More »

Capital Gains Tax – Law and Practice – after Finance Act 2017- T G Suresh -3rd Edition 2017

Capital Gains Tax – Law and Practice (As amended by the Finance Act, 2017) T G Suresh (Author) Capital Gains Tax — Law and Practice comprehensively covers legal and practical aspects governing taxation of short term and long term capital gains as provided under Chapter IV(E) of the Income-tax Act, 1961. The third edition has been… Read More »

ITR-7 Filing Instructions AY 2017-18

Instructions for filling out Form ITR-7 Download ITR-7 -AY 2017-18  PDF English These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which this Return Form is applicable This… Read More »

MCA amends rules for striking off names of companies from Register

COMPANIES (REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES) AMENDMENT RULES, 2017 – AMENDMENT IN RULE 7 AND INSERTION OF FORM NO.STK-5 NOTIFICATION [F.NO.1/28/2013-CL-V], DATED 12-4-2017 In exercise of the powers conferred by sub-stations (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013),… Read More »

MCA amends M&A rules for foreign company

COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) AMENDMENT RULES, 2017 – INSERTION OF RULE 25A AND ANNEXURE B NOTIFICATION [F.NO.1/37/2013 CL.V], DATED 13-4-2017 In exercise of the powers conferred by section 234, read with section 469 of the Companies Act, 2013, the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules… Read More »

Aadhaar Mandatory for availing MCA21 services

MISCELLANEOUS – MCA TO INTEGRATE AADHAAR FOR AVAILING MCA21 RELATED SERVICES PRESS RELEASE, DATED 13-4-2017 MCA is actively considering Aadhaar Integration for availing various MCA21 related services. As a preparatory step, all individual stakeholders viz. DIN holders/Directors/Key Managerial Personnel/Professionals of the Institute of Company Secretaries of India-Institute of Chartered Accountants of India-Institute of Cost Accountants… Read More »

Notice sent by registered post is deemed to be served if it was returned back with postal endorsement

This Court in catena of cases has held that when a notice is sent by registered post and is returned with postal endorsement “refused” or “not available in the house” or “house locked” or “shop closed” or “addressee not in station”, due service has to be presumed Jagdish Singh v. Natthu Singh [1992] 1 SCC… Read More »

Taxation of Real Estate Developers & Joint Development Arrangements with Accounting – Finance Act 2017 – Taxmann

Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects (2017 Edition-As Amended by Finance 2017) by De. Raj K. Agarwal & Dr. Rakesh. Gupta -As Amended by Finance 2017 Price Rs 875 . Click to buy Online   Paperback: 472 pages Publisher: Taxmann Publications Pvt. Ltd.; 2017 Edition edition (2017) Edition : 3rd… Read More »

RBI opens the Office of the Banking Ombudsman at Raipur

Date : Apr 17, 2017 Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Bhopal, the Reserve Bank has set up an Office of the Banking Ombudsman for the State of Chhattisgarh at Reserve Bank of India, Raipur. The… Read More »

Category: RBI

Revised Prompt Corrective Action (PCA) framework for banks

RBI/2016-17/276 DBS.CO.PPD. BC.No.8/11.01.005/2016-17 April 13, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/ Dear Sir Revised Prompt Corrective Action (PCA) framework for banks Please refer to RBI circulars No. DBS.CO.PP.BC.9/11.01.005/2002-03 dated December 21, 2002 and DBS.CO.PP.BC.13/11.01.005/2003-04 dated June 15, 2004 on the scheme of Prompt Corrective Action. 2. The existing PCA framework for… Read More »

GST Manual -April 2017 Edition – Taxmann

GST Manual (April 2017 Edition) by Taxmann Incorporating Central Goods and Services Tax Act 2017 ( 12 of 2017) Integrated Goods and Services Tax Act 2017 ( 13 of 2017) Union Territory Goods and Services Tax Act 2017 ( 14 of 2017) Goods and Services Tax ( Compensation to States ) Act 2017 (15 of… Read More »

Forms in GST assessment and audit

Forms in GST assessment and audit The draft GST rule of Assessement and Audit under GST has notified by CBEC recently, the details of various forms in assessment and audits are hereunder: Sl.No Particulars Name of the Form Who has to execute 1 Provisional Assessment U/s 60(1) FORM GST ASMT-01 Registered dealer (RD) electronically. 2  Notice of… Read More »

GST Migration Guide

GST Migration Guide Goods and Service Tax (GST) as contemplated as One Nation- One Tax will integrate all these separate statutes into uniform statutes. It will create a single unified market across the country for supply of goods or services. Persons liable for GST registration: As per Section 22 of CGST Act, 2017, a person… Read More »

Category: GST

Section 66 CGST Act 2017 – Special audit.

Section 66 CGST Act 2017 Section 66 CGST Act 2017 explains Special audit and is covered in Chapter XIII – Audit [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply… Read More »

Section 59 CGST Act 2017 Self-assessment.

Section 59 CGST Act 2017 Section 59 CGST Act 2017 explains Self-assessment and is covered in Chapter XII – Assessments  [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply of… Read More »

Section 54 CGST Act 2017 – Refund of tax.

Section 54 CGST Act 2017 Section 54 CGST Act 2017 explains Refund of tax  and is covered in Chapter XI – Refunds [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State… Read More »

Section 45 CGST Act 2017 – Final return.

Section 45 CGST Act 2017 Section 45 CGST Act 2017 explains Final return and is covered in Chapter IX – Returns [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply of goods… Read More »

Section 44 CGST Act 2017 – Annual return

Section 44 CGST Act 2017 Section 44 CGST Act 2017 explains Annual return and is covered in Chapter IX – Returns [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply of… Read More »

Section 43 CGST Act 2017 – Matching, reversal and reclaim of reduction in output tax liability.

Section 43 CGST Act 2017 Section 43 CGST Act 2017 explains Matching, reversal and reclaim of reduction in output tax liability and is covered in Chapter IX – Returns [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and… Read More »