Daily Archives: May 2, 2017

Dress Code for CS appearing before Judicial/Quasi – Judicial bodies and Tribunals like NCLT – NCLAT, etc.

Dress Code for CS appearing before Judicial/Quasi – Judicial bodies and Tribunals like NCLT – NCLAT, etc. The Council prescribed the Professional Dress Code for Company Secretaries to appear before judicial / quasi-judicial bodies and tribunals like NCLT- NCLAT, SAT, etc. as under: Members are advised to strictly adhere to the Dress Code prescribed by… Read More »

Madhya Pradesh decides to shift to Jan-Dec fiscal format

Madhya Pradesh decides to shift to Jan-Dec fiscal format Madhya Pradesh today became the first state to announce shifting of its financial year format to January-December from the present April-March cycle. A decision to this effect was taken during the state cabinet meeting held here today. The decision comes close on the heels of Prime… Read More »

Uttarakhand cabinet approves implementation of GST

The Goods and Services Tax (GST) bill was tabled in Uttarakhand Assembly today during a special two-day session of the House convened for the purpose of passing the proposed legislation. Introducing the bill in the Assembly, state Finance Minister Prakash Pant said its passage by the House was necessary in view of a uniform tax… Read More »

Category: GST

Trade Marks Act 1999 with Trade Marks Rules 2017 – Taxmann Bare Act 2017

Trade Marks Act 1999 with Trade Marks Rules 2017 Contents of  Trade Marks Act 1999 with Trade Marks Rules 2017 Also Incorporating : Trade Marks Rules, 2017 Trade Marks (Applications and Appeals to the Intellectual Property Appellate Board) Rules 2003, Trade Marks (Removal of Difficulties) Order 2004, Intellectual Property Appellate Board (Procedure) Rules 2003  … Read More »

Section 54 relief allowed for property purchased jointly with brother : ITAT

Facts of the Case Assessee was the owner of a flat in Jai Mahavir Apartment, J.P. Road at Andheri (West) jointly with his wife Mrs. Manisha J. Faria. The said flat was sold for Rs. 1,02,55,000/-. The assessee computed long term capital gains at Rs. 43,01,665/- being 50% share in the property. The assessee invested… Read More »

24 hour presence of Excise officers in cigarette factories not mandatory

Circular No. 1055/04/2017-CX  F. No. 81/08/2016-CX.3 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 1 st May, 2017 To The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Excise & Service Tax… Read More »

Cenvat refund cann’t be denied for non registration of premises

Held In absence of a statutory provision, prescribing that,  registration of the premises was mandatory for availing input service tax credit, the Assessee could not be denied refund of unutilized cenvat credit on input services. Madras High Court Commissioner of Service Tax-III Vs Customs, Excise & Service Tax Appellate Tribunal  Appeal Number : C.M.A. No.… Read More »

Contractual Workers eligible for Maternity Benefits Act : HC

Madras High Court Smt. Archana Pandey Vs State of M.P and others  Appeal Number : Writ Petition No. 15523 of 2016 Date of Judgement/Order : 04/04/2017 The Division Bench of the Allahabad High Court in the case of Dr. Parul Mishra Vs. State of U.P. decided on 27 th January, 2010 in the case of a… Read More »

Scribbling on Banknotes – Bank can not refuse /coloured/faded banknotes

Scribbling on Banknotes RESERVE BANK OF INDIA ND.ID.(Res.). No. 4530/04.00.001/2016-17 April 25, 2017 The Controlling Head All Banks under the jurisdiction of New Delhi Issue Circle Madam / Dear Sir, Scribbling  on Banknotes Of late, we have been receiving complaints from members of general public that majority of the bank branches are not accepting banknotes, specifically in… Read More »

Section 2 Companies Act 2013

Section 2 Companies Act 2013 5 Definitions. 2. In this Act, unless the context otherwise requires,— 6(1)7 “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; 8(2)9 “accounting standards” means the standards of accounting or any… Read More »

Competition Laws Manual -7 th Edition – Taxmann-Amended by FA 2017-Book

Competition Laws Manual (An authentic compendium of Act/Rules/Circulars & Notifications on Competition Laws) As Amended by Finance Act 2017 Paperback – 2017 by Taxmann (Author) An Authentic Compendium of Act/Rule/Circulars & Notifications on Competition Laws   Price Rs 325 Click to buy Online Paperback: 308 pages Publisher: Taxmann Publications Pvt. Ltd.; 7th Edition 2017 edition… Read More »

Vehicle for Emergency can use multi coloured red, blue & white light – Govt Notification

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 1st May, 2017 S.O. 1374(E).—In pursuance of powers conferred under sub-rule 4 of rule 108 of the Central Motor Vehicles Rules, 1989, the Central Government hereby specifies that the vehicles on office duty which are designated for the following emergency and disaster management duties may… Read More »

Controlled Foreign Corporations, Tax Year 2012

Controlled Foreign Corporations, Tax Year 2012—Two new tables presenting data from Form 5471, Controlled Foreign Corporations, and Form 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities, are now available on SOI’s Tax Stats Webpage. The tables present data from the estimated population of returns filed for Tax Year 2012. One table… Read More »

Category: USA

USA IRS Employee or Independent Contractor? Know the Rules

Employee or Independent Contractor? Know the Rules The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor. An employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Employers… Read More »

Category: USA