Impounding of passport Held Even the Court cannot impound a passport. Though, no doubt, Section 104 Cr.P.C. states that the Court may, if it thinks fit, impound any document or thing produced before it, in our opinion, this provision will only enable the Court to impoundany document or thing other than a passport. This is… Read More »
Suggestions on Clauses 3, 23 and 25 of Finance Bill 2017 – Section 2(hf), section 47(xb) and section 49(2AE) – Tax neutral conversion of preference shares to equity shares – Clarification regarding tax treatment for earlier years The Finance Bill 2017, proposes to amend Section 47 of the Act, by virtue of which conversion of… Read More »
Suggestions on Clause 75 of Finance Bill 2017 – Section 234F – Fee for delayed filing of return –Removal of provision levying fees to prevent undue hardship for the genuine assessees The Finance Bill, 2017 proposes to levy fees of Rs.5,000 in case where return is furnished after the due date but on or before 31St December… Read More »
Suggestions on Clause 4 of Finance Bill 2017 – Section 9(1)(i)- Benefit of non-applicability of indirect transfer provisions in case of Category I and II FPIs – Benefit to be extended to Category III FPIs and provisions for avoidance of double taxation in case of such indirect transfer provisions, where direct transfer has already been… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE / DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NORTH BLOCK. NEW DELHI-110001 Tel. : +91-11-23092628 Fax : +91-11-23092346 28th February, 2017 D.O.No. IV (33) 16/2016 – Systems My Dear Colleague Subject: Migration to GST of existing Central Excise I Service Tax Assessees – reg. Please refer to my DO letter IV(33)… Read More »
Goods and Services Tax – Laws, Concepts & Impact Analysis of Select Industries [2017 edition] by Sanjiv Agarwal Publisher: Bloomsbury Professionals (2017) This Book has 882 page. Book covering GST concepts and provisions based on model law (CGST/ SGST / IGST in Part-A (20 Chapters), Impact Analysis of Select Industries / Sectors of Economy in… Read More »
Suggestions on Clause 86 of Finance Bill 2017- Section 271J- Penalty imposable on chartered accountant for furnishing incorrect information in reports or certificates – Penalty may be removed In order to ensure that the person furnishing report or certificate undertakes due diligence before making such certification, new section 271J is proposed to be inserted so… Read More »
Debt Cancellation May be Taxable If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016. Here are 10 tips about debt cancellation: Main Home. If the canceled debt… Read More »
HIGH COURT OF DELHI Council of The Instt. of Chartered Accountants of India v. Kailash Chander Agarwal PRADEEP NANDRAJOG AND YOGESH KHANNA, JJ. CHAT. A. REF. NO. 3 OF 2011 FEBRUARY 7, 2017 akesh Aggarwal, (CA) Adv. and Pulkit Aggarwal, Adv. for the Petitioner. ORDER Pradeep Nandrajog, J. – A company by the name of… Read More »
Rural Banking Operations (2nd Edition 2017) by IIBF (Author) This book, specially written for the “Certificate Examination on Rural Banking Operations” pertains to the functioning of commercial banks, Co-operative banks and the RRBs in India. The rural economy of India has been playing an important role towards the overall growth of the country. The Rural Banks/… Read More »