Daily Archives: December 14, 2016

Tax rate in slump sale

By | December 14, 2016

Tax rate in slump sale The Delhi High Court held that a transaction was a genuine “ slump sale ” that qualified for specific tax treatment. In this case, the sale involved a “going concern” that also included ongoing service contracts, employment contracts, and other tangible and intangible assets such as technical know-how. The case is: Triune… Read More »

Companies Removal of Difficulty regarding transfer of winding-up cases

By | December 14, 2016

The Companies (Removal of Difficulties) Fourth Order, 2016 MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 7th December, 2016 S.O. 3676(E).—Whereas clause (c) of sub-section (1) of section 434 of the Companies Act, 2013 (hereinafter referred to as the 2013 Act) provides that on a date which may be notified by the Central Government for… Read More »

Online furnishing of CA certificate in Form 27BA w.e.f 15.01.2017

By | December 14, 2016

Furnishing of CA certificate in Form 27BA in electronically shall be enabled w.e.f. from 15-01-2017 CBDT Notification 12/2016 [F.No. DGIT(S)/CPC (TDS)/Notification /2016-17], dated 8-12-2016 Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and/or Non collection of Tax at Source – reg. 1. As per first proviso… Read More »

Companies (Compromises, Arrangements and Amalgamations) Rules 2016 Notified

By | December 14, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th December, 2016 G.S.R. 1134(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with sections 230 to 233 and sections 235 to 240 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:- 1.… Read More »