Tag: Press Release
Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes …
Resolution professional doesn’t require nod of shareholders/members for insolvency resolution Ministry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of receipt of resolution plan by the resolution professional to its approval by the …
Gold Imports 80-20 Scheme-Government to examine why private parties were benefitted and take action against the persons involved In a press release issued today, the Government has clarified on the news items appearing in media that the scheme benefitted some private parties. The other day, the Union Law …
Recommendations regarding Data Analytics made during the 26th meeting of the GST Council In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The …
Linking of Aadhaar with PAN Cards-Nearly 17 crores Aadhaar numbers linked with PAN As per the information available as on 05th March, 2018, nearly 17 crores number of Aadhaar was linked with PAN . Further, as on 02.03.2018, 8779.65 Lakhs Current Accounts and Savings Accounts have been linked …
Retrospective amendment in Foreign Contribution Regulation Act 2010-Who will be benefited? Political parties cannot receive contribution from any foreign source as defined under Clause (c) of Section 2 of the FCRA, 1976. Section 29 B of the Representation of the Peoples Act, 1951 also prohibits political parties from …
Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havens The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters …
All States to implement national e-way bill system latest by 1st June 2018 for Intra-State movement of goods as per the decision of the GST Council Participation of States in E-Way Bill System All States have joined the Government’s centralized e-way bill system for inter-State transport of goods …
NFRA to have power to impose penalty on audit firms The Chartered Accountants Act, 1949 (Act) provides for imposition of punishment/penalties on members of the Institute of Charted Accountants of India (ICAI) if found guilty of misc-conduct. Also, as per section 132(4) of the Companies Act, 2013, the …
199 companies face penalty for non-compliance of CSR norms. No proposal to review the state of implementation of the Companies Act related to CSR Section 135 of the Companies Act, 2013 mandates for expenditure on Corporate Social Responsibility (CSR). Further Section 134 provides that the Board’s Report …
