{"id":2396,"date":"2016-04-30T15:17:49","date_gmt":"2016-04-30T09:47:49","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2396"},"modified":"2021-12-20T16:56:26","modified_gmt":"2021-12-20T11:26:26","slug":"corporate-and-professional-update-april-14-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/","title":{"rendered":"corporate and professional update april 14, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2c3fe4c675\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2c3fe4c675\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/#CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_14_2016\" title=\"CORPORATE AND PROFESSIONAL UPDATE APRIL 14, 2016\">CORPORATE AND PROFESSIONAL UPDATE APRIL 14, 2016<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/#DIRECT_TAX\" title=\"DIRECT TAX:\">DIRECT TAX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/#_INDIRECT_TAX\" title=\"\u00a0INDIRECT TAX : \">\u00a0INDIRECT TAX : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/#KEY_DATES\" title=\"KEY DATES :\u00a0\">KEY DATES :\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-14-2016\/#MCA_UPDATES\" title=\"MCA UPDATES : \">MCA UPDATES : <\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4 style=\"text-align: justify;\"><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/04\/Untitled55.png\" alt=\"Untitled55\" width=\"645\" height=\"400\" \/><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_14_2016\"><\/span><a href=\"https:\/\/carajput.com\/blog\/?p=2381\">CORPORATE AND PROFESSIONAL UPDATE APRIL 14, 2016<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"DIRECT_TAX\"><\/span><strong>DIRECT TAX:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a>:\u00a0Refundable amount utilized by the Department hence interest was payable under Section 244(1A) \u2013M\/S. Jyotsna Holdings (P) Ltd. CIT, Delhi-II\u00a0<strong>(2016 (4) TMI 390 &#8211;<\/strong>\u00a0Supreme Court<strong>)<\/strong><\/li>\n<li>Income Tax:\u00a0\u00a0Exemption u\/s 10(37) allowed on compensation received from the Surat Municipal Corporation for acquisition of lands -Dipak Kalidas Pauwala Vs. CIT (2016 (4) TMI 431 &#8211; Gujarat High Court)<\/li>\n<li><a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a>:\u00a0\u00a0<a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a> u\/s 194J &#8211; transaction charges paid by a member of the Bombay Stock Exchange to transact business of sale and purchase of shares &#8211; whether amounts to payment of a fee for technical services rendered by the Bombay Stock Exchange? &#8211; Held that &#8211; There is no exclusivity to the services rendered by the Stock Exchange and each and every member has to necessarily avail of such services in the normal course of trading in securities in the Stock Exchange. Such services, therefore, would undoubtedly be appropriate to be termed as facilities provided by the Stock Exchange on payment and does not amount to technical services provided by the Stock Exchange, not being services specifically sought for by the user or the consumer.(C.I.T. -4, Mumbai Versus M\/s Kotak Securities Ltd.)\u00a0&#8211; 2016 (3) TMI 1026 &#8211; SUPREME COURT<\/li>\n<\/ul>\n<table style=\"height: 123px;\" width=\"234\">\n<tbody>\n<tr>\n<td width=\"582\">\n<h3><span class=\"ez-toc-section\" id=\"_INDIRECT_TAX\"><\/span><strong>\u00a0INDIRECT TAX : <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"582\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/recent-amendments-in-service-tax\/\">Service Tax<\/a>: Cenvat credit &#8211; Information Technology software services &#8211; Such services are made taxable by Sec. 65(105) of Finance Act 1994 with effect from 16.5.2008 &#8211; Credit allowed -Mportal (India) Wireless Solutions Pvt. Ltd. Vs. CST\u00a0<strong>(2016 (4) TMI 409 &#8211;<\/strong>\u00a0Karnataka High Court<strong>)<\/strong><\/li>\n<li><a href=\"https:\/\/carajput.com\/services-vat.php\">VAT<\/a> : Denial of C Forms &#8211; Inter-state sale &#8211; If movement of goods is occasioned in the lease agreement and pre-conditions viz. registered dealer and goods mentioned in registration certificate are fulfilled the said transaction is deemed to be an inter-state sale within the meaning of Section 3(a) of CST Act &#8211; C Forms cannot be denied -Tata Power Delhi Distribution Ltd. Vs. CST, Delhi (2016 (4) TMI 405 &#8211; Delhi High Court).<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"KEY_DATES\"><\/span><strong>KEY DATES :\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li>Payment of <a href=\"https:\/\/carajput.com\/services-vat.php\">DVAT<\/a> TDS for march for DVAT: 15\/04\/2016<\/li>\n<li>E-Payment of PF for March:\u00a015\/04\/2016<\/li>\n<li>Due date for filing revised return of assets and liabilities by public servants extended toJuly 31, 2016<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_UPDATES\"><\/span><strong>MCA UPDATES : <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li>MCAhas notified\u00a0new version of e-forms\u00a0DIR-12,\u00a0INC-22\u00a0and\u00a0MGT-7\u00a0and have been updated on MCA21\u00a0w.e.f 12th\u00a0April, 2016. Only new\u00a0version\u00a0of the\u00a0eForm\u00a0will be acceptable.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\u00a0\u201cGOD always likes to know again &amp; again what you want. It\u2019s not that He forgets your Dreams &amp; Prayers, but He loves to check your passion towards your Desire. That\u2019s why He wants You to have your \u2018Quiet Time\u2019 which we call as \u2018Prayer Time\u2019 with Him every day.\u201d<\/p>\n<p style=\"text-align: justify;\">We look forward for your valuable comments.\u00a0<a href=\"https:\/\/carajput.com\">www.carajput.com<\/a><!--more--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE APRIL 14, 2016 DIRECT TAX: Income Tax:\u00a0Refundable amount utilized by the Department hence interest was payable under Section 244(1A) \u2013M\/S. Jyotsna Holdings (P) Ltd. CIT, Delhi-II\u00a0(2016 (4) TMI 390 &#8211;\u00a0Supreme Court) Income Tax:\u00a0\u00a0Exemption u\/s 10(37) allowed on compensation received from the Surat Municipal Corporation for acquisition of lands -Dipak Kalidas Pauwala &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[9933,150,9,1],"tags":[9156,4502,9038],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2396"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=2396"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2396\/revisions"}],"predecessor-version":[{"id":2398,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2396\/revisions\/2398"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}