www.csrajivbajaj.com THOUGHT OF THE DAY “Ability is what you’re capable of doing, motivation determines what you do, and attitude determines how well you do it.” Law Updates: Version of e-forms Forms DIR-3, FC-1, INC-28 and SH-7 have been updated on the MCA portal. Stakeholders are advised to download the latest version before filing as the previous version of the form will not be accepted. The relaxation of additional fee waiver vide General Circular No. 03/2016 dated 12th April, 2016 is likely to be implemented in production by today i.e. 20th April, 2016. The Government has decided to defer its proposed move to bar withdrawal of employer's contribution to the provident fund corpus until the employee attains the age of 58 years. Hence, the notification which was issued in this regard by Ministry of Labour and Employment on February 10, 2016 will be kept in abeyance till July 31, 2016. Madras High Court has upheld the constitutionality of Section 94A(1) of the Income Tax Act holding that ‘it was the need of the hour’. Goods supplied to project financed by UN are exempt from duty even if supplied through an intermediary: Madras High Court. PROFESSIONALS INPUTS: CBEC vide Notifiaction No. 54/2016-CUSTOMS (N. T.) dated 13 th April, 2016 notified in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver. CBEC vide Notification No. 24/2016- Central Excise (N.T.) dated 13 th April, 2016 seeks to amend sub-rule (7) of rule 4 & rule 6 of CENVAT Credit Rules, 2004. MARKET WATCH: SENSEX: 25816 .47 189.61 NIFTY: 7914.70 64.25 SILVER: 38302 .00 -205.00 GOLD (MCX): 28998.00 39.00 USD/INR: 66.55 -0.09 CRUDE OIL: 2758.00 -47.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 20 th April, 2016
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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Ability is what you’re capable of doing, motivation determines what you do, and attitude determines how well
you do it.”
Law Updates:
Version of e-forms Forms DIR-3, FC-1, INC-28 and SH-7 have
been updated on the MCA portal. Stakeholders are advised to
download the latest version before filing as the previous version of
the form will not be accepted.
The relaxation of additional fee waiver vide General Circular No.
03/2016 dated 12th April, 2016 is likely to be implemented in
production by today i.e. 20th April, 2016.
The Government has decided to defer its proposed move to bar
withdrawal of employer's contribution to the provident fund corpus
until the employee attains the age of 58 years. Hence, the
notification which was issued in this regard by Ministry of Labour
and Employment on February 10, 2016 will be kept in abeyance till
July 31, 2016.
Madras High Court has upheld the constitutionality of Section
94A(1) of the Income Tax Act holding that ‘it was the need of the
hour’.
Goods supplied to project financed by UN are exempt from duty
even if supplied through an intermediary: Madras High Court.
PROFESSIONALS INPUTS:
CBEC vide Notifiaction No. 54/2016-CUSTOMS (N. T.) dated 13th
April, 2016 notified in respect of Fixation of Tariff Value of Edible
Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.
CBEC vide Notification No. 24/2016- Central Excise (N.T.) dated
13th April, 2016 seeks to amend sub-rule (7) of rule 4 & rule 6 of