Monthly Archives: May 2017

LLP Manual -6th Edition 2017 – Bare Act-Book-Taxmann

By | May 4, 2017

LLP Manual – Bare Act Paperback – 2017 by Taxmann (Author) An Authentic Compendium of Act/Rules/Circulars & Notifications on Law relating to LLPs   Price Rs 691 Click to buy Online Paperback: 652 pages Publisher: Taxmann Publications Pvt. Ltd.; 6th Edition 2017 edition (2017) Contents of this Book DIVISION ONE LIMITED LIABILITY PARTNERSHIP ACT, 2008… Read More »

No sec. 68 additions on cash deposited in bank account if assessee wasn’t maintaining books of account

By | May 4, 2017

IN THE ITAT MUMBAI BENCH ‘B’ Mehul V. Vyas v. Income-tax Officer, 23(2)(3), Mumbai* D. KARUNAKARA RAO, ACCOUNTANT MEMBER AND RAVISH SOOD, JUDICIAL MEMBER IT APPEAL NO. 727 (MUM.) OF 2013 [ASSESSMENT YEAR 2006-07] APRIL  7, 2017 Narayan Atal for the Appellant. Ms. Pooja Swaroop for the Respondent. ORDER   Ravish Sood, Judicial Member –… Read More »

USA IRS N-2017-30: Emergency relief for fuel removals

By | May 4, 2017

Notice 2017-30 provides 180-day emergency relief for fuel removals from Milwaukee terminals due to the shutdown of the West Shore Pipeline.  Once the 180-day emergency relief expires, the notice provides a temporary mechanism for refunds of the § 4081(a)(1) tax imposed upon removals of undyed diesel fuel from a Milwaukee terminal when such fuel is transported… Read More »

USA IRS RR-2017-09: Distribution of Stock and Securities of Controlled Corporation

By | May 4, 2017

Revenue Ruling 2017-09 provides guidance regarding the federal tax treatment of certain transactions referred to as ‘north-south’ transactions. The guidance describes two north-south transactions:  one involving steps that are respected as separate and another involving steps that are integrated. Revenue Ruling 2017-09 will be in IRB 2017-21, dated May  22, 2017.

USA IRS Startups Can Choose New Option for Claiming Research Credit

By | May 4, 2017

Small Business Week Reminder: Startups Can Choose New Option for Claiming Research Credit WASHINGTON –Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week—April 30 to May… Read More »

Category: USA

National Steel Policy 2017 – Approved by Govt of India

By | May 3, 2017

Cabinet approves National Steel Policy 2017 New Policy – A reflect of long term Vision Focus on enhancing domestic consumption, high quality steel production and making the sector globally competitive The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for National Steel Policy (NSP) 2017. The new Steel Policy… Read More »

Real Estate Act 2016 – Union Territory – Governor to Exercise Powers

By | May 3, 2017

MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 2nd May, 2017 S.O.1394(E).—In pursuance of powers conferred under clause (1) of article 239 of the Constitution, the President hereby directs that the powers and the functions of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), other than the powers… Read More »

Real Estate Act 2016 – Delhi -Lieutenant Governor to exercise Power

By | May 3, 2017

MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 2nd May, 2017 S.O. 1395(E).— In pursuance of clause (1) of article 239 of the Constitution, the President hereby directs that the powers of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) shall, subject to the control of the President… Read More »

ESIC – One IP- 2 Dispensaries & Aadhaar Based Online Claim Submission” Schemes

By | May 3, 2017

Press Information Bureau Government of India Ministry of Labour & Employment 01st May 2017 Shri BandaruDattatreya Launches “One IP- Two Dispensaries” and “Aadhaar Based Online Claim Submission” Schemes on International Labour Day The Government is Committed for Job Security, Wage Security and Social Security of the Workers: Shri Bandaru Dattatreya Minister of State (I/C) for… Read More »