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Income Tax

High Level Committee To Probe MAT Taxation Of Foreign Companies & FIIs Formed The Ministry of Finance has issued a press release stating that a High Level Committee (HLC) Headed by Justice A.P. Shah on Direct Tax Matters has been constituted. T Shirt Dsquared Pas Cher The Committee consists of…
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Companies Act 2013 Updates

Hon’ble Supreme Court confirms the Constitution of NCLT and NCLAT under Companies Act, Boxer Calvin Klein Baratos 2013 Supreme Court decided following issues : (i) Challenge to the validity of the constitution of NCLT and NCLAT; (ii) Challenge to the prescription of qualifications including term of their office and salary…
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Goods and Services Tax (GST) Vs Present Structure of Indirect Taxation

Present Structure of Indirect Taxation Vs Goods and Services Tax (GST) “A Comparative Analysis”   Sr.No Concerned Areas Present Taxation System GST 1 Structural Difference a)Two separate VAT System i) State http://www.viagragenericoes24.com/viagra-alternativas VAT ii) CST b) Tax on services is levied by Centre under separate Legislation. c)No Comprehensive Taxation of…
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Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 – additional documents for the limited purpose of ‘proof of address’

RBI/2014-15/633 DBR. Slip Calvin Klein Baratos AML.BC. Calvin Klein Boxer Baratos Calzoncillos Calvin Klein Baratos No.104/14.01.001/2014-15 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All…
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RBI and FEMA

  Foreign Direct Investment (FDI) – Reporting under FDI Scheme on the e-Biz platform Attention of Authorised Dealers Category-I (AD Category – I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the…
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Priority Sector Lending – Targets and Classification

Priority Sector Lending – Targets and Classification RBI/2015-16/132 FIDD.CO.Plan.BC.08/04.09.01/2015-16 The target for direct lending by banks to agriculture under Priority Sector Norms has aimed to increase the flow of credit directly to farmers. Direct lending to the most disadvantaged farmers, the small and marginal farmers, has been around 6 percent…
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Latest Case Law on various statue

INCOME TAX ACT SECTION 2(24) INCOME – DEFINITION OF When assessee had let out property to the company (JISL) in which her husband and their relatives were holding substantial interest, it means that rent has been derived as a quid-proquofor letting out the property, thus, such receipt of rent could…
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