Issue For the relevant assessment year 2005-06, Assessee reported its income through a return under Section 139(1) of the Act, declaring an income of Rs.1,72,799/- on 30.12.2005 A search and seizure operation under Section 132(4) of the Act was carried out on 11.01.2007 in the premises of the assessee’s group companies and directors of the… Read More »
Facts of the case As per the agreement entered with the farmers by Assessee (Company) , the farmers shall supply sugarcane at factory gate for a agreed price fixed by the State Govt. However, as per the request of farmers and also to facilitate smooth supply of sugar cane, it has employed harvesting gang labours… Read More »
Tax Time Guide: Still Time to Contribute to an IRA for 2016 WASHINGTON — The Internal Revenue Service today reminded taxpayers that they still have time to contribute to an IRA for 2016 and, in many cases, qualify for a deduction or even a tax credit. This is the eighth in a series of 10… Read More »
Winter Storm Extension: Many Businesses Have Extra Time to Request A Six-Month Extension WASHINGTON — The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns. The IRS is providing this relief to victims and tax… Read More »
India’s contribution to UN increases to Rs 244 cr New Delhi, Mar 15 (PTI) India’s contribution to the United Nations rose 55 per cent to Rs 244 crore in 2015-16 compared with the previous fiscal, the governemnt said today. External Affairs Minister Sushma Swaraj informed the Lok Sabha that the government had also made voluntary… Read More »
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 21/2017-CUSTOMS (N.T.) New Delhi, 15th March, 2017 24 Phalguna, 1938 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of… Read More »
Seeks to order provisional assessment on imports of “Phosphoric Acid-Technical Grade and Food Grade (including Industrial Grade)”, originating in or exported from People’s Republic of China by M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) into India till the finalization of New Shipper Review initiated by DGAD, vide notification No.15/5/2016 – DGAD,… Read More »
Circular No. 1054/03/2017-CX F. No. 116/31/2016-CX.3 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 15th March, 2017 To The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Excise & Service Tax (All) Madam/… Read More »
F.No. Pr.DGIT(S)Tech/e-Biz/2008-09/Part Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) Notification 2 of 2017-Income-Tax New Delhi 9th of March, 2017 Subject :- Procedure of PAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs. Proviso to sub-rule (1) to rule 114… Read More »
LAW AND PROCEDURE ON CORPORATE RESTRUCTURE LEADING TO MERGERS/AMALGAMATIONS, TAKEOVERS, JOINT VENTURES, LLPS & CORPORATE RESTRUCTURE by K.R.Sampath (Author) Price Rs 2604. Click to buy online Contents Incorporating Companies Act, 2013 NCLT (Procedure for Reduction of Share Capital of Company) Rules, 2016 The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and the Insolvency and Bankruptcy Code,… Read More »