Daily Archives: April 26, 2017

Draft GST Returns Rules – March 2017 Released by CBEC

By | April 26, 2017

Chapter – RETURNS Following are Draft GST Returns Rules Released by CBEC in March 2017 1. Form and manner of furnishing details of outward supplies Every registered person required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-1 electronically through the Common… Read More »

Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers

By | April 26, 2017

Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers – (26-04-2017) Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of… Read More »

ICAI reduced marks required for passing ISA AT Test

By | April 26, 2017

Requirements for passing Information Systems Audit (Assessment Test) 25th April 2017 It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India has decided to revise the requirement for passing the Information Systems Audit(Assessment… Read More »

Govt of India has no plan to impose tax on agriculture income

By | April 26, 2017

FM : The Central Government has no plan to impose any tax on agriculture income Following is the text of the Union Finance Minister Shri Arun Jaitley’s Statement on the subject to impose tax on agriculture income: “I have read the paragraph in Niti Ayog Report entitled ‘Income tax on agriculture income’. To obviate any… Read More »

Resorts liable to pay luxury tax on free accommodation services provided to its members

By | April 26, 2017

HIGH COURT OF KERALA Mahindra Holidays & Resorts India Ltd. v. Intelligence officer K. VINOD CHANDAN, J. W.P. (C.) NO. 20728 OF 2015 (M) MARCH  29, 2017 Mohan Parasaran, Sr. Adv., K. Ramakumar, Sr. Adv., and P.J. Philip, Adv. for the Petitioner. R. Venkataraman, Sr. Adv., P. Ravindranath, Smt. Ubaya Bharathi and Akhil Suresh, Advs.… Read More »

Empanelment as Concurrent/Revenue Auditor for United Bank of India

By | April 26, 2017

Empanelment as Concurrent/Revenue Auditor for United Bank of India 1. United Bank of India invites application from practicing Firms of Chartered Accountants in India who fulfill the eligibility criteria as mentioned here under and are willing to have their firms empanelled as Concurrent Auditor and Revenue Auditor of the Bank for conducting Concurrent Audit and… Read More »

Handbook of Service Tax Law – After Finance Act 2017-Book- J K Mittal – 6th Edition 2017

By | April 26, 2017

Handbook of Service Tax Law – As amended by the Finance Act, 2017Paperback – 1 Apr 2017 by J K Mittal (Author) Salient Features: • Statutory Provisions of Service Tax Law as amended by the Finance Act,2017 • Incorporates fully updated Rules as applicable for Service Tax Law after introduction of Negative List Regime • Also… Read More »

Professional’s Guide to Service Tax – After Finance Act 2017-Abhishek A Rastogi – 8th Edition 2017

By | April 26, 2017

Professional’s Guide to Service Tax – As amended by the Finance Act, 2017 (Set of 2 Volumes) Paperback – 1 Apr 2017 by Abhishek A Rastogi (Author) Foreword by Sh. Arun Jaitley (Minister of Finance, Defence and Corporate Affairs) Salient Features: Highlights of the Finance Act 2017 Fully updated commentary on Service Tax law including recent… Read More »

Pocket Guide to Service Tax – After Finance Act 2017-Book-Abhishek A Rastogi – 6th Edition 2017

By | April 26, 2017

Pocket Guide to Service Tax – As amended by the Finance Act, 2017Paperback – 1 Apr 2017 by Abhishek A Rastogi (Author) Pocket Guide to Service Tax endeavors to make statutory provisions easy to read and comprehend. With slew of amendments following the introduction of negative list, each passing year has witnessed significant changes in service… Read More »

Master Guide to Income Tax – after Finance Act 2017-Book- T G Suresh -4th Edition 2017

By | April 26, 2017

Master Guide to Income Tax – As amended by the Finance Act, 2017 Paperback – 1 Apr 2017 by T G Suresh (Author) Salient Features: Concise commentary on the provision of the Income Tax Act, 1961 as amended by the Finance Act 2017 Detailed analysis of provisions of Finance Act, 2017 in Part D of the book… Read More »

Empanelment for Internal Audit FY 2017 to 2019-20 -Tehri Hydro Development Corporation Limited

By | April 26, 2017

Tehri Hydro Development Corporation Limited Last Date : May 24, 2017 NOTICE INVITING EXPRESSION OF INTEREST FOR EMPANELMENT FOR CONDUCTING INTERNAL AUDIT AND PHYSICAL VERIFICATION OF FIXED ASSETS/STORES/SUB-STORES IN THDC INDIA LIMITED FOR THE FINANCIAL YEARS 2017-18, 2018-19 & 2019-20. Address: Tehri Garhwal – Uttaranchal Phone: 0135-2473483/2473558 Email: auditthdc@gmail.com

Condition of filing tax return to claim Sec. 10B deduction isn’t discriminatory: HC

By | April 26, 2017

Held The decision in Sham Bhar Khandige v. Agricultural I.T.O., AIR 1963 SC 591, is authority for the proposition that where there are more than one methods of assessing a tax and the Legislature selects one among such many, the Court will not be justified to invalidate the law on the ground that the Legislature… Read More »

Reference to valuation officer could be made even if appeal was pending before High Court: SC

By | April 26, 2017

SUPREME COURT OF INDIA Commissioner of Income-tax, Ajmer v. Sunita Mansingha R.K. AGRAWAL AND MOHAN M. SHANTANAGOUDAR, JJ. CIVIL APPEAL NO. 3064 OF 2007 MARCH  29, 2017 K. Radhakrishnan, Sr. Adv., Arijit Prasad, Ms. Gargi Khanna and Mrs. Anil Katiyar, Advs. for the Appellant. Dr. Manish Singhvi and P.V. Yogeswaran, Advs. for the Respondent. ORDER… Read More »

HC allowed tax credit on dividend received from foreign co. even if no taxes were actually paid in Oman

By | April 26, 2017

Held Up to the tax year 2011 dividend has been first included in the total income and thereafter deduction has been granted. The facts mentioned above clearly establish that the Assessee Society is entitled to getting credit for the deemed dividend tax by virtue of the provisions of DTAA read with Section 90 of the… Read More »