Monthly Archives: January 2017

Ind AS Book – Illustrated Guide to Indian Accounting Standards – 2017 Edition

By | January 28, 2017

  Illustrated Guide to Indian Accounting Standards (Ind AS ) (3rd Edition 2017) This Ind AS book is as after incorporating Amended by Companies (Indian Accounting Standards)(Amendment) Rules 2016 You can buy this Ind AS Book for Rs 1608. Here is the Link to Buy online. Paperback: 1240 pages Publisher: Taxmann Publications Pvt. Ltd.; 3rd… Read More »

Copyright Act 1957 – 2017 Edition – Book by Taxmann

By | January 28, 2017

Copyright Act 1957 This book on Copyright Act 1957 is in three divisions :- DIVISION ONE-  COPYRIGHT ACT, 1957 Arrangement of Sections Text of Copyright Act 1957 DIVISION TWO – COPYRIGHT RULES, 2013 Copyright Rules 2013 DIVISION THREE – INTERNATIONAL COPYRIGHT ORDER, 1999 International Copyright order 1999 You can buy this book on Copyright Act 1957  for… Read More »

Patents Act 1970- Bare Act (2017 Edition) -Book

By | January 28, 2017

Patents Act 1970 – Bare Act (2017 Edition) This book on Patents Act 1970 is in two divisions : DIVISION ONE PATENTS ACT, 1970 Arrangement of Sections Text of Patents Act, 1970 DIVISION TWO RULES Patents Rules 2003, Intellectual Property Appellate Board (Patents Procedure) Rules 2010, Patents (Appeals and Applications to the Intellectual Property Appellate Board) Rules… Read More »

GAAR -16 FAQ on GAAR- Circular issued by CBDT for Clarifications

By | January 28, 2017

 FAQ on GAAR 16 FAQ on GAAR i.e Frequently Asked question on GAAR has been issued by CBDT as per following circular Circular No 7 of 2017 F.No 500/43/2016-FT & TR -IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 27.01.2017 Clarifications on Implement ion of GAAR Provisions… Read More »

GAAR provisions of Income Tax- implementation in India -CBDT Clarify

By | January 27, 2017

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 Source Ministry of Finance , 27-January, 2017 The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated… Read More »

Co-operative Bank considered as Co-operative Society u/s 80P of Income Tax

By | January 27, 2017

PCIT Vs. The Totagars Co-operative Sale Society, I.T.A. No. 100069/2016, Date of order: 05.01.2017, High Court of Karnataka Issue: Whether for the purpose of Section 80P(2)(d) of the Income Tax Act,1961, a Co-operative Bank should be considered as a Co-operative Society? Held: Yes Brief Facts: The assessee filed its return of income, and claimed a… Read More »

Sachin Tendulkar Income from Sale of Shares treated under head Capital Gain

By | January 27, 2017

Issue  : Whether the income on account of sale of shares and Mutual funds is Long Term Capital Gain or Short Term Capital Gain or Business income ? Held Reasoning given by the AO that the impugned income would be assessable under the head income from business merely because the assessee has availed the service of… Read More »