Daily Archives: October 22, 2016

Dispatch or service of order isn’t relevant for settlement application ,

By | October 22, 2016

Brief Facts of the Case:- Assessing Officer,passed Order on 15.3.2016 .On 16.3.2016, the assessee filed application for settlement before the Settlement Commission at Mumbai. Whether the order of assessment would be deemed to be pending for purpose of maintainability of settlement application just because such order was not dispatched or served? Held For the purpose… Read More »

Amendment to Section 28 of Contract Act is Prospective : Supreme Court

By | October 22, 2016

  SUPREME COURT OF INDIA Union of India v. Indusind Bank Ltd. C. NAGAPPAN AND R.F.NARIMAN, JJ. CIVIL APPEAL NOS. 9087-9089 OF 2016 SEPTEMBER  15, 2016 Ms. Manita Verma, Vibhu Shankar Mishra, R.K. Rathore, Arvind Kumar, Raj Bahadur Yadav, M.K. Maroria, Ms.Shruti Srivastava and Shreekant N. Terdal, Advs. for the Petitioner. Pranab Kumar Mullick, Mrs.… Read More »

Payment to brothers for vacating house held as cost of improvement of house

By | October 22, 2016

Held According to both the assessees, their brothers were residing in the house owned by them and while selling the house in order to get vacant possession, payment of Rs. 21 lakhs was made by Shri Nanubhai Keshavlal Chokshi, HUF in his case, and Rs. 31 lakhs in the case of Shri Lallubhai Keshavlal Chokshi,… Read More »

Handbook on Internal Auditing-2016

By | October 22, 2016

Handbook on Internal Auditing Handbook on Internal Auditing : Description & Features Publisher: Bharat Law House; 2016 edition (2016) Language: English Guidance on Internal Financial controls over Financial reporting u/s 143(3) (i) of the Companies Act, 2013 •  Audit Risk and enterprise Risk Management [ERM] •  Internal Audit and Corporate Governance •  Internal Audit Questionnaires… Read More »

Glimpses of GST -Book

By | October 22, 2016

Glimpses of GST (Incorporating Draft GST Rules and Forms) Glimpses of GST is a Handbook covering provisions under Model GST Law. It is not a commentary but a complete guide for the Tax professionals, Departmental officers, Industry professionals and as well as the beginners who are looking forward to know more about GST. The provisions… Read More »

GST Return -Types

By | October 22, 2016

GST Return Under GST, there are following forms for filing of returns by tax payers. All these forms are required to be e-filed. The details of each form are listed below along with details of applicability and periodicity. Sr.No Form Who to File ? What to file? When to File ? 1 GSTR-1 Registered taxable… Read More »

Company Secretarial Practice Manual

By | October 22, 2016

Company Secretarial Practice Manual Company Secretarial Practice Manual is a comprehensive manual comprising topic-wise concise commentary on the law and procedures under the Companies Act, 2013. The third edition of the book has been thoroughly revised in view of sea changes brought in by the Companies Act, 2013. This edition is a unique treatise, comprising… Read More »

GST roll out stuck again

By | October 22, 2016

After raising high expectations, Finance Minister Arun Jaitley-headed GST Council has hit a speed breaker which is rather annoying. This does not augur well for the economy that needs as big bang a reform as the Goods and Services Tax, sooner than later. Given the diversity of economic development, divergence of opinion among states is… Read More »

Category: GST

Impact of GST on Mergers

By | October 22, 2016

GST Will Lead to Mergers, Rise of World Class Cos, Says Mobius In an exclusive interview with ET Now’s Tanvir Gill, Mark Mobius, executive chairman, Templeton EM, says GST is unlikely to be fully implemented before end of next year. Edited excerpts: The GST council has proposed a structure of levying cess on ultra-luxury and… Read More »