Background-:
On 8th November 2016, the Prime Minister addressed the nation. Most Indians expected the PM to talk about the security threat to India arising out of the consistent Pakistan sponsored attacks on our border. However, nobody would have been ready for what we all were in for.
The demonetisation of Rs. 500 and Rs. 1,000 currency […]
दो बूंदे GST की…..
Background-:
Goods and service tax is in vogue and it is more likely that it will be implemented with effect from 1-Apr-2017.
Winter session of Parliament will begin from 16-Nov-2016 and it is likely that GST will be a reality from 1-Apr-2017.
GST is consolidation of various indirect taxes at two levels.
By nature, any indirect tax […]
Following is the link of an interview of Mr. Dinesh Vyas and Mr. Arvind Datar.
Mr. Datar is hopeful that, almost 30-40 percent of the litigation will get reduced in view of the following measures taken by CBDT / Govt.
http://thefirm.moneycontrol.com/story_page.php?more_category=in_focus&autono=4654281&category=1
On February 16, 2016, CBDT has issued a press release as follows
CBDT resolves disputes to the tune […]
The Hindu Succession (Amendment Act), 2005 which came into effect on 09.09.2015 and by which daughters in a joint Hindu family, governed by Mitakshara law, were granted statutory right in the coparcenary property (being property not partitioned or alienated) of their fathers applies only if both the father and the daughter […]
Facts-:
The Applicant sought information under RTI seeking details of the cases pending before the Supreme Court of India in which the arguments have been heard and the orders are reserved during the period 2007-2009.
The Central Public Information Officer (CPIO) of the Supreme Court of India had not provided the information on the ground that it […]
Refer the recent press release as reproduced below.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE New Delhi, 30th December, 2015
Subject: Electronic filing of first appeal before CIT(Appeals) – reg.
It is the endeavour of the Income tax Department to digitise various functions of the Department for providing efficient taxpayer services.
As another significant […]
Rule 127 inserted by the Income-tax (Eighteenth Amendment) Rules, 2015, w.e.f. 2-12-2015.
The same is re-produced herein below.
Apparently, it may appear like a facilitating thing whereby you will be submitting all the documents making all arguments by sitting at your office.
The other part being, it is like open book examination which is definitely much tougher than […]
Today, on December 16, 2015, Supreme Court passed an order directing government of India to prepare a Memorandum of Procedure dealing with appointment of judges in higher judiciary.
The SC has shown trust in Parliament leaving the task of improving current procedure of collegium system.
Relevant paragraphs of the SC order.
Current CJI has declined appointing next batches […]
Today, on 15th December, 2015, CBDT has issued a press release detailing out requirement of quoting PAN.
The changes to the Rules will take effect from 1st January, 2016.
It is very much necessary that you gear up the changes in the systems for compliance
Sl.
NATURE OF
TRANSACTION
MANDATORY QUOTING OF PAN (RULE 114B)
Existing requirement
New requirement
1.
Immovable property
Sale/ purchase valued at Rs.5 […]
This is regarding the elections of CA institute. I just want to highlight 2 points
Right to remain present
You may, if you so desire, attend the counting of votes of your Constituency either personally or through an authorised representative who should be a member of the Institute.
In the latter case, a letter of authority, in the enclosed format, may please […]
