Dematerialisation of Sovereign Gold Bond RBI Date : Oct 18, 2016 The Reserve Bank of India, in consultation with the Government of India, has issued five tranches of Sovereign Gold Bonds for a total value of ₹ 3,060 crore till date. Investors in these bonds have been provided with the option of holding them in… Read More »
Time of Supply under GST of India Time of Supply under Model GST Law (MGL) Section 12 of Model GST Law deals with Supply of Goods section 13 of Model GST Law & 14 deals with Supply of Services. A solds goods to B for Rs.100000/-. Various events of sale transactions are as under:… Read More »
Book on ICDS – Guide to New Income Computation & Disclosure Standards (Assessment Year 2017-18) This Book on ICDS contains Salient features of ICDS (New Version) notified vide Notification No. S.O. 3079(E), dated 29-9-2016 ,ICDS (New) applicable w.e.f. AY 2017-18 .ICDS applicable to assessees following mercantile system of accounting . This Book Gives answers on How… Read More »
Law & Practice Relating to New Income Computation & Disclosure Standards (Assessment Year 2017-18) Law & Practice Relating to New Income Computation & Disclosure Standards (Assessment Year 2017-18) Assessment Year 2017-18 Paperback: 396 pages Publisher: Taxmann Publications Pvt. Ltd.; Assessment Year 2017-18 edition (2016) Language: English
After the Planning Commission, yet another UPA government relic is set to fall. Large Taxpayers Units (LTUs) scheme, a dream project of the UPA government, is set to be abolished with the introduction of Goods and Service Tax (GST) regime. CBEC documents on structural changes under GST, show that the much-hyped single window tax facilitator… Read More »
Centre, states agree on compensation formula; cess on cards for ultra-luxury items The GST Council on Tuesday discussed a four-tier rate structure suggested by the Centre and agreed on compensation to loss-incurring states for the first five years of the new tax regime. The Opposition might voice differences with the proposal. The council was apprised of… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 17th October, 2016 G.S.R. 981(E).-In exercise of the powers conferred by section 128 of the Finance Act, 2015 (20 of 2015), the Government herby makes the following rules to amend the Senior Citizens’ Welfare Fund Rules, 2016, namely:- 1. (1) These rules may be… Read More »
No.30011/1/2016-Cash Government of India Ministry of Corporate Affairs ******* Shastri Bhawan, 5th Floor, ‘A’ Wing, New Delhi Dated 13th October, 2016 CIRCULAR Subject:- Income Tax calculations for the financial year 2016-17. Cash Section is in the process of calculation of Income Tax for the financial year 2016-17. In view of this, all the officers/members of… Read More »
F.No. 279/Misc/M-77/2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ARO Division) New Delhi, the 18th October, 2016 To, All Principal Chief Commissioners of Income Tax. Madam/ Sir, Sub:- Modifications to the Instruction No. 6/2016 for engagement of Special Public Prosecutors (SPPs) to represent the Income Tax Department before Courts… Read More »
F.No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi Date- 18th October, 2016 Order under Section 119 of the Income-tax Act, 1961 In order to mitigate the difficulties being faced by the taxpayers in the State of Jammu & Kashmir in filing income… Read More »