Daily Archives: May 4, 2017

GST on Import of Services in India – Taxability Analysis

By | May 4, 2017

GST on Import of Services in India Detailed analysis of GST on Import of Services in India with reference to IGST and CGST Act 2017 of India Article 269A after Constitution 101st Amendment Bill 2016 Meaning of Import of Services in India As per Article 269A after Constitution 101st Amendment Act 2016  Goods and services tax… Read More »

Exchange Rate of Foreign Currency w.e.f 05.05.2017

By | May 4, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified              In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.40/2017-CUSTOMS (N.T.), dated 20th April, 2017, except as respects things done… Read More »

IBBI constitutes Technical Committee under IBBI (Information Utilities) Regulations 2017

By | May 4, 2017

The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee to lay down Technical Standards for the performance of core services and other services under IBBI (Information Utilities) Regulations, 2017 The Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations,… Read More »

Don’t ask Aadhaar for Pension Claim 10D for North Eastern States Till 30.09.2017 – EPFO

By | May 4, 2017

Don’t ask Aadhaar for Pension Claim 10D for North Eastern States Till 30.09.2017 EMPLOYEES’ PROVIDENT FUND ORGANISATION  No Pension-Pen-1/17(10)2016-17/Jeevan Pramaan Dated 04.05.2017 Related Post Giving Aadhaar in Income tax Return not mandatory for certain Individuals w.e.f 01.07.2017

Simple notice to License holder if does not submit EODC / Redemption letter

By | May 4, 2017

Circular No. 16/2017-Customs  F. No. 605/85/2016-DBK Government of India Ministry of Finance: Department of Revenue Central Board of Excise & Customs Drawback Division ***** New Delhi, the 2nd May, 2017. To Principal Chief Commissioners/ Principal Directors General Chief Commissioners / Directors General Principal Commissioners & Commissioners all under CBEC Madam/ Sir, Subject: Monitoring of export… Read More »

IRDAI (Insurance Web Aggregators) Regulations 2017

By | May 4, 2017

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th April, 2017 Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 F. No. IRDAI/Reg/4/141/2017.—In exercise of the powers conferred by section 114A of the Insurance Act, 1938 (4 of 1938), as amended from time to time, sections 14 and 26 of the… Read More »

Rule 21AD and Form No. 10-IB Notified for Startups lower Tax – Section 115BA

By | May 4, 2017

MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) Notification No. 36/2017 New Delhi, the 2nd May, 2017 INCOME-TAX S.O. 1381(E).—In exercise of the powers conferred by section 295 read with section 115BA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further… Read More »

40(a)(ia) disallowance for TDS default even if no sum payable at year end; SC

By | May 4, 2017

Held Section 40(a)(ia) covers not only those cases where the amount is payable but also when it is paid. SUPREME COURT OF INDIA Palam Gas Service v. Commissioner of Income-tax A.K. SIKRI AND ASHOK BHUSHAN, JJ. CIVIL APPEAL NO. 5512 OF 2017 MAY  3, 2017 Raj Kumar Mehta and Ms. Himanshi Andley Advs. for the… Read More »

Rajashtan GST Act 2017 – Notified – Download – Print – English – Hindi

By | May 4, 2017

Rajashtan GST Act 2017 Rajashtan GST Act 2017 Received the assent of the Governor on the 28th day of April 2017 and is Notified on 28.04.2017 LAW (LEGISLATIVE DRAFTING) DEPARTMENT (GROUP-II) NOTIFICATION Jaipur, April 28, 2017 No. F. 2 (34) Vidhi/2/2017.-In pursuance of Clause (3) of Article 348 of the Constitution of India, the Governor is… Read More »

Section 228 Indian Penal Code 1860 Intentional insult or interruption to public servant sitting in judicial proceeding

By | May 4, 2017

Section 228 Indian Penal Code 1860 Intentional insult or interruption to public servant sitting in judicial proceeding . 228 . Whoever intentionally offers any insult, or causes any interruption to any public servant, while such public servant is sitting in any stage of a judicial proceeding, shall be punished with simple imprisonment for a term… Read More »

Section 193 Indian Penal Code 1860 -Punishment for false evidence .

By | May 4, 2017

Section 193 Indian Penal Code 1860 Punishment for false evidence . 193 . Whoever intentionally gives false evidence in any stage of a judicial proceeding, or fabricates false evidence for the purpose of being used in any stage of a judicial proceeding, shall be punished with imprisonment of either description for a term which may… Read More »

Treatise on Tax Deduction / Collection At Source Including Advanced Tax & Refund [HB]-Book-T N Pandey

By | May 4, 2017

Treatise on Tax Deduction / Collection At Source Including Advanced Tax & Refund [HB] Hardcover – 2017 by T N Pandey (Author) As Amended by Finance Act, 2017 & The Amendment Rules   Price Rs 1500 Click to buy online Publisher: Bharat Law House (2017) Related Books on Income Tax Subjects Books     Direct… Read More »

LLP Manual -6th Edition 2017 – Bare Act-Book-Taxmann

By | May 4, 2017

LLP Manual – Bare Act Paperback – 2017 by Taxmann (Author) An Authentic Compendium of Act/Rules/Circulars & Notifications on Law relating to LLPs   Price Rs 691 Click to buy Online Paperback: 652 pages Publisher: Taxmann Publications Pvt. Ltd.; 6th Edition 2017 edition (2017) Contents of this Book DIVISION ONE LIMITED LIABILITY PARTNERSHIP ACT, 2008… Read More »

No sec. 68 additions on cash deposited in bank account if assessee wasn’t maintaining books of account

By | May 4, 2017

IN THE ITAT MUMBAI BENCH ‘B’ Mehul V. Vyas v. Income-tax Officer, 23(2)(3), Mumbai* D. KARUNAKARA RAO, ACCOUNTANT MEMBER AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 727 (MUM.) OF 2013 [ASSESSMENT YEAR 2006-07] APRIL  7, 2017 Narayan Atal for the Appellant. Ms. Pooja Swaroop for the Respondent. ORDER   Ravish Sood, Judicial Member –… Read More »

USA IRS N-2017-30: Emergency relief for fuel removals

By | May 4, 2017

Notice 2017-30 provides 180-day emergency relief for fuel removals from Milwaukee terminals due to the shutdown of the West Shore Pipeline.  Once the 180-day emergency relief expires, the notice provides a temporary mechanism for refunds of the § 4081(a)(1) tax imposed upon removals of undyed diesel fuel from a Milwaukee terminal when such fuel is transported… Read More »

USA IRS RR-2017-09: Distribution of Stock and Securities of Controlled Corporation

By | May 4, 2017

Revenue Ruling 2017-09 provides guidance regarding the federal tax treatment of certain transactions referred to as ‘north-south’ transactions. The guidance describes two north-south transactions:  one involving steps that are respected as separate and another involving steps that are integrated. Revenue Ruling 2017-09 will be in IRB 2017-21, dated May  22, 2017.

USA IRS Startups Can Choose New Option for Claiming Research Credit

By | May 4, 2017

Small Business Week Reminder: Startups Can Choose New Option for Claiming Research Credit WASHINGTON –Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week—April 30 to May… Read More »

Category: USA