Daily Archives: May 17, 2017

Tax Practice Manual-Day to Day Tax Practice Guide for Professionals – 4th Edition Book 2017 -Taxmann

By | May 17, 2017

Tax Practice Manual-Day to Day Tax Practice Guide for Professionals 2017 Edition by Gabhawala & Gabhawala – Taxmann A Tax Practice Guide Especially Conceived for Chartered Accountants & Tax Practitioners to assist Them in their day-to-day Tax Works (Direct Taxes /Income tax )*****As Amended by Finance Act 2017 Also Incorporating • More than 325 case… Read More »

Puducherry Passes GST Bill 2017

By | May 17, 2017

The Puducherry Assembly today unanimously passed the Puducherry Goods and Services Tax Bill, 2017 here. The bill was tabled in the assembly by Chief Minister V Narayanasamy. MLAs of the ruling and opposition blocks participated in the debate after the bill was tabled and expressed their views on various aspects of the GST system. They… Read More »

New Coal Allocation Policy for Power Sector – 2017 – SHAKTI

By | May 17, 2017

Cabinet approves Signing of Fuel Supply Agreement (FSA) with Letter of Assurance (LoA) holders of Thermal Power Plants(TPPs) – Fading Away of the existing LoA-FSA Regime and Introduction of a New More Transparent Coal Allocation Policy for Power Sector, 2017-SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) The Cabinet Committee on Economic… Read More »

Govt allows Construction for Public works in centrally protected monument/ site.

By | May 17, 2017

Cabinet approves Amendment of the Ancient Monuments and Archaeological Sites and Remains Act, 1958 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the introduction of the Ancient Monuments and Archaeological Sites Remains (Amendment) Bill, 2017 in the Parliament. To make way for certain constructions limited strictly to public works and… Read More »

Govt clears law for eviction of unauthorised occupants from Govt residences.

By | May 17, 2017

Cabinet approves amendment of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971 to enable summary eviction proceedings in Residential Accommodation The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for amendment in Section 2 and Section 3 of the Public Premises (Eviction of Unauthorised Occupants) Act, 1971 (PPE… Read More »

India and Tajikistan agreement in Customs Matters

By | May 17, 2017

Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratifying, an Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The Agreement will help in the availability… Read More »

Govt to Transfer cash into account of Pregnant Women -Maternity Benefit Program

By | May 17, 2017

Cabinet approves Pan-India implementation of Maternity Benefit Program The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to Pan-India implementation of Maternity Benefit Program which now has been extended to all districts of the country w.e.f. 01.01.2017. The Prime Minister in his address to the nation on 31.12.2016… Read More »

Tax Treaty Measures to Prevent Base Erosion & Profit Shifting by India

By | May 17, 2017

Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. The… Read More »

No TDS on Payment made by KPMG India to KPMG International – Mutuality Concept

By | May 17, 2017

IN THE ITAT MUMBAI BENCH ‘L’ Deputy Commissioner of Income-tax, 3(1), Mumbai v. KPMG* JASON P. BOAZ, ACCOUNTANT MEMBER AND PAWAN SINGH, JUDICIAL MEMBER IT APPEAL NO. 2493 (MUM.) OF 2012 CROSS OBJECTION NO. 97 (MUM.) OF 2013 [ASSESSMENT YEAR 2001-02] APRIL  7, 2017 Rajguru M.V., (CIT Sr. DR) for the Appellant. Arvind Sonde, Sr.… Read More »