Daily Archives: March 11, 2017

Rs 10247 crores capital gain tax liability on Cairn affirmed by Delhi ITAT

By | March 11, 2017

IN THE ITAT DELHI BENCH ‘D’ Crain U K Holdings Ltd. v. Deputy Commissioner of Income Tax H. S. SIDHU, JUDICIAL MEMBER AND PRASHANT MAHARISHI, ACCOUNTANT MEMBER IT APPEAL NO. 1669 (DELHI) OF 2016 [ASSESSMENT YEAR 2007-08] MARCH  9, 2017 Percy Pardiwala, Sr. Adv. P. Maheshwari CA and Ms. Aarti Sathe Adv. for the Appellant.… Read More »

Safed Musli Grading and Marking Rules 2017 Notification 10.03.2017

By | March 11, 2017

MINISTRY OF AGRICULTURE AND FARMERS WELFARE (Department of Agriculture, Co-Operation and Farmers Welfare) NOTIFICATION New Delhi, the 10th March, 2017 G.S.R. 231(E).—Whereas, the Safed Musli Grading and Marking Rules, 2017, in exercise of the powers conferred by section 3 of the Agricultural Produce (Grading and Marking) Act, 1937 (1 of 1937) was published in the… Read More »

100% FDI in e commerce websites via automatic route allowed in India by Govt

By | March 11, 2017

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 9th March , 2017 No. FEMA.387/2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More »

GST on Agriculture – Agriculturalist Definition revised by Govt of India ?

By | March 11, 2017

Select farm goods to be taxed under revamped GST India has incorporated a new definition of ‘agriculturalist’ in the goods and services tax law to enable select farm items to be brought under the tax net nationwide. While farmers won’t have to register to pay the tax, registered buyers may need to collect the levy… Read More »

NBFC to Disburse loans against gold above Rs 20000 in non cash mode -RBI

By | March 11, 2017

RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »

Post Budget Memorandum on Direct Taxes – 2017-18- BOCA

By | March 11, 2017

Bombay Chartered Accountants Society Date : 8th March 2017 Mr. Arun Jaitley Hon. Minister of Finance Government of India North Block New Delhi – 110 001. Respected Sir, THE FINANCE BILL – 2017 We compliment you for the focused and non populist Budget that was presented on 1st February. The idea of combining the Rail… Read More »

De-sealing of Business Premises – Delhi Vat Department Circular

By | March 11, 2017

DEPARTMENT OF TRADE & TAXES, GOVT. OF NCT OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, LP..ESTATE, NEW DELHI. NoF.30/Policy/VAT/2016/1249-54 (645) Dated: 08/03/2017 CIRCULAR NO. 27 OF 2016-17 Subject:- De-sealing of Business Premises In line with the directions of Honrble High Court Delhi, in the matter of Sh. Narender Singh Vs. Deptt. of T&T (in WP(C)1627/2017), the… Read More »