Punjab imposes Profession Tax on those having Business or Salary Income

Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961. PUNJAB GOVT. GAZ. (EXTRA), APRIL 19, 2018 (CHTR 29, 1940 SAKA) PART I  GOVERNMENT OF PUNJAB DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB NOTIFICATION The 19th April, 2018 No.12-LegJ2018.-The following Act of the Legislature of the State of Punjab received the assent of the Governor of Punjab on the 16th day of April, 2018, is hereby published for general information:- THE PUNJAB STATE DEVELOPMENT TAX ACT, 2018. (Punjab Act No.11 of 2018) AN  ACT

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GST on Advocate services challenged before Gujarat HC: notices issued

  Writ petition filed before Hon’ble Gujarat High Court  challenging vires of of The Section 17(2) and 17(3) of the Central Goods and Services Tax Act, 2017 & The Gujarat (State) Goods and Services Tax Act, 2017 vis-à-vis Article 14, 19, 21 & 265 of the Constitution of India to be declared as void and unconstitutional. The petition filed by Advocate Nipun Singhvi, challenged the provisions being violative as it restricts the credit of the input tax credit on goods / services or both used by Advocates for effecting taxable legal services and exempt legal services. Counsel for the petitioner Advocate Vishal J. Dave submitted “That the tax to be paid by the litigant on taxable legal services in the absence of provision for availment of input tax credit by advocates is leading to

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Last date to file AOC-4 XBRL E-Forms further extended to 31.05.2018

General Circular No. 04/2018 F. No. 01/19/2013-CL-V (Pt.) Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi – 110001 Dated:- 27th April, 2018 To, All Regional Directors, All Registrar of Companies, All stakeholders Sub: Relaxation of additional fees and extension of last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013 – reg. Sir, In continuation of this Ministry’s General Circular No. 13/2017 dated 26.10.2017, General Circular No. 01/2018 dated 28.03.2018 and upon consideration of requests received from various stakeholders for extending the last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013, it has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies

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Notification No. 3/2018-Customs (N.T./CAA/DRI) dated 01.05.2018

  [To be published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 3/2018-Customs (N.T./CAA/DRI) New Delhi, dated the 1 st May, 2018 S.O. (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), issued by the Government of India, Ministry of Finance, Department of Revenue, under clause (a) of section 152 of the Customs Act, 1962 (52 of 1962), the

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Insolvency and Bankruptcy Board of India invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code, 2016. 

  The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make Regulations subject to the conditions that the Regulations: (a) carry-out the provisions of the Code, (b) are consistent with the Code and the Rules made thereunder; (c) are made by a notification published in the Official Gazette; and (d) are laid, as soon as possible, before each House of Parliament for 30 days. The IBBI has evolved a transparent and consultative process to make regulations. It has been the endeavour of the IBBI to effectively engage stakeholders in the regulation making process. The process generally starts with a working group making draft regulations. The IBBI puts these draft regulations out in

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Investment by Foreign Portfolio Investors (FPI) in Debt – Review

  RBI/2017-18/170 A.P. (DIR Series) Circular No. 26 May 1, 2018 To All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Debt – Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time and the relevant directions issued thereunder. 2. In this regard a reference is invited to AP (DIR Series) Circular No. 24 dated April 27, 2018, notifying changes affecting operational aspects of FPI investments in debt. Paragraph 3 (a) (i) of the circular announced the withdrawal of the minimum residual maturity requirement for Central Government securities (G-secs) and State Development

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Change of Venue on 5th May, 2018 (for one day only), in Shimoga City (Karnataka)

  May 1 st, 2018 IMPORTANT ANNOUNCEMENT Change of Venue on 5th May, 2018 (for one day only), in Shimoga City (Karnataka) Due to unavoidable circumstances, the venue of CA Intermediate (IPC) (Old) and Intermediate (New) Examinations scheduled to be held on 5 th May, 2018 (Saturday) at Acharya Tulsi National College of Commerce (A.T.N.C.C), Mahaveer Circle, Balraj URS Road, SHIMOGA – 577202, KARNATAKA is being shifted to below mentioned venue: Kamala Nehru Memorial National College for Women (National Education Society) K T Shamaiah Road, Gowda Road Shivamogga – 577201 Karnataka Accordingly, all candidates of CA Intermediate (IPC) (Old) & Intermediate (New) Examinations – May, 2018, who are scheduled to appear on 5 th May 2018 (Saturday) at Acharya Tulsi National College of Commerce (A.T.N.C.C), Mahaveer Circle, Balraj URS Road

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Prevention of Sexual Harassment of Women at Workplace (POSH) Education Series 2 

  Section 2 (a) of the Act, defines an aggrieved woman. The Act recognizes the right of every woman to a safe and secure workplace environment irrespective of her age or employment/work status. Hence, the right of all women working or visiting any workplace whether in the capacity of regular, temporary, adhoc, or daily wages basis is protected under the Act. It includes all women whether engaged directly or through an agent including a contractor, with or without the knowledge of the principal employer. They may be working for remuneration, on a voluntary basis or otherwise. Their terms of employment can be express or implied. The Act also covers a woman, who is working in a dwelling place or house. DOWNLOAD/READ FULL SERIES