Daily Archive: Thursday, May 12, 2016

Insolvency and Bankruptcy Code 2016-Salient features of new law passed by Parliament. A Key innovation is four pillars of institutional infrastructure

Author: | Categories: Finance Ministry No comments
Insolvency and Bankruptcy Code 2016-Salient features of new law passed by Parliament. A Key innovation is four pillars of institutional infrastructure Finance Ministry Press Release dated 12/05/2016 Parliament passes the Insolvency and Bankruptcy Code Today is a historical day for economic reforms in India when the Rajya Sabha passed

Income Declaration & Direct Tax Dispute Resolution Scheme 2016. Stakeholder’s views invited on issues requiring further clarification/guidance.

Author: | Categories: Income Tax No comments
Income Declaration & Direct Tax Dispute Resolution Scheme 2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 12th May, 2016 Subject: The Income Declaration Scheme 2016 & The Direct Tax Dispute Resolution Scheme 2016. The Income Declaration Scheme, 2016

Should there be more than one ICAI Vice President ?

Author: | Categories: ICAI No comments
Should there be more than one ICAI Vice President? This is one of the terms of reference of the group constituted by ICAI  for review of the existing term of the Council. The announcement of ICAI is as under: Council Affairs/M-626/2016 11th May, 2016 ALL MEMBERS OF THE COUNCIL Madam/Dear

No difference between gift and settlement for capital gain. Holding period of previous owner (settlor) transferring capital asset u/s 2(42A) to be counted

Author: | Categories: Income Tax, ITAT, Judgments No comments
No difference between gift and settlement for capital gains purposes. In a recent judgment, ITAT, Chennai has held that  there is no difference between a gift and settlement and for the purpose of computing capital gains, the holding period of the capital asset (Trade Mark) transferred,  the holding period of
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