Daily Archive: Thursday, April 14, 2016

eTDS FVU version 2.146 (FY 2007-08 to 2009-10) and FVU version 5.0 for FY 2010-11 onwards effective from 13/04/2016

Author: | Categories: Income Tax No comments
Download TDS e-Validation Utility (FVU) version 2.146 (to validate statement(s) pertaining to FY 2007-08 to 2009-10) and FVU version 5.0 (to validate statement(s) pertaining to FY 2010-11 onwards)  Key Features – File Validation Utility (FVU) version 2.146 Incorporation of TAN and TAN name in the Challan Status Inquiry (i.e.

Writing “Yes, I am Satisfied” by Addl. CIT establishes that he has not recorded proper satisfaction/approval, before issue of notice u/s 148

Author: | Categories: Income Tax, ITAT, Judgments No comments
No sooner than a week after, holding that merely writing “yes” or “approved” and affixing signature by CIT) was not the required satisfaction (ITA No. 5311/Del/2013 dated 07/04/2016), ITAT delhi Bench has again held that writing “Yes, I am Satisfied”  by Addl. CIT  establishes that he has not recorded proper satisfaction

KPO Services provider could not be a comparable for benchmarking international transactions entered into by an entity rendering BPO services

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent judgment, ITAT Delhi has held that Knowledge Process Outsourcing Services (KPO Services) provider could not be be considered as a comparable for benchmarking international transactions entered into by an entity rendering business process outsourcing (BPO) services including collections/call centre services and other back office support services for the

SEBI Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations

Author: | Categories: SEBI No comments
Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations” Objective 1. This discussion paper seeks comments of the public for certain proposals related to Brightline Tests for Acquisition of ‘Control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director 160 of the Companies Act, 2013

Author: | Categories: Companies Act No comments
RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management (Deposit)

Service Tax Negative List and up to date Mega Exemption Notifications up-to-date as on 05/05/2017

Author: | Categories: Service Tax No comments
Service Tax Negative List and up to date Mega Exemption Notifications Up-to-date as on 05/05/2017 Levy of Service Tax has been introduced by insertion of article 268A in the Constitution of India. The provisions relating to Service Tax were brought into force with effect from 1st July 1994. It
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