{"id":2412,"date":"2016-04-30T15:41:59","date_gmt":"2016-04-30T10:11:59","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2412"},"modified":"2021-08-14T13:21:05","modified_gmt":"2021-08-14T07:51:05","slug":"corporate-and-professional-update-april-25-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 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-69e91a159e1b0\" 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-69e91a159e1b0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/#CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_25_2016\" title=\"CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 2016\">CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 2016<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/#DIRECT_TAX\" title=\"DIRECT TAX:\">DIRECT TAX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/#INDIRECT_TAX\" title=\"INDIRECT TAX:\">INDIRECT TAX:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/#MCA_UPDATES\" title=\"MCA UPDATES:\">MCA UPDATES:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-april-25-2016\/#KEY_DATES\" title=\"KEY DATES:\">KEY DATES:<\/a><\/li><\/ul><\/nav><\/div>\n<h5 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_APRIL_25_2016\"><\/span><a href=\"https:\/\/carajput.com\/blog\/?p=2381\">CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 2016<\/a><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/04\/Untitled213.png\" alt=\"Untitled213\" width=\"558\" height=\"298\" \/><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"DIRECT_TAX\"><\/span><strong><span style=\"text-decoration: underline;\">DIRECT TAX:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The definition of rent includes any payment by whatever name called, for use of buildings including factory buildings, equipment, furniture or fittings. Even if machinery was leased, the consequent rent comes under the definition. But machinery lease cannot be considered under income from House property\u00a0.(Heritage Hospitality Limited Versus Deputy Commissioner of <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a>, Circle-2 (2) , Hyderabad)-\u00a02016 (4) TMI 873 &#8211; ITAT HYDERABAD<\/p>\n<p style=\"text-align: justify;\">Unexplained investment &#8211; addition made simply on the basis of the statement recorded u\/s. 133A &#8211; Held that &#8211; An admission by assessee during the search or survey proceedings cannot be considered as conclusive unless it is supported by corroborative evidence.\u00a0(Sai Priya Constructions and Others Versus The <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax<\/a> Officer, Ward-8 (2) , Hyderabad) 2016 (4) TMI 868 &#8211; ITAT HYDERABAD<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INDIRECT_TAX\"><\/span><strong><span style=\"text-decoration: underline;\">INDIRECT TAX:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">CBEC have revise the rate of exchange of conversion of the foreign currency with effect from 22nd April, 2016\u00a0\u00a0vide Notification No.\u00a055\/2016 &#8211; Dated 21-4-2016 \u2013 Customs\u00a0(Click here to view)<\/p>\n<p style=\"text-align: justify;\">Indian Revenue Services ( Customa and Excise ) Group \u201cA\u201d Rules 2016 vide Notification No. G. S. R. 438(E) dated 22\/04\/2016<\/p>\n<p style=\"text-align: justify;\">Imposition of penalty &#8211; Services provided as marketing agent &#8211; non-payment of Service Tax for the commission payments received &#8211; Held that &#8211; it is clear that the 2nd respondent has given an opportunity of personal hearing to the petitioner and he was also represented by his counsel before the 2nd respondent. The petitioner also filed his reply before the 2nd respondent, which was also considered by the 2nd respondent. Therefore, from the above, it is clear that there is no violation of\u00a0principles of\u00a0natural justice committed by the respondents\u00a0 (V.R. Mohanraj, Proprietor of M\/s. VMBK\u00a0Promoters Versus The Commissioner of <a href=\"https:\/\/carajput.com\/services-tax-registration.php\">Service Tax<\/a> \u2013I , The Joint Commissioner of Service Tax)<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_UPDATES\"><\/span><strong><span style=\"text-decoration: underline;\">MCA UPDATES:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">MCA has released\u00a0FAQs on problems faced by Stakeholders\u00a0due to change\/updation of MCA Portal.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"KEY_DATES\"><\/span><strong><span style=\"text-decoration: underline;\">KEY DATES:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong>E-Return for <a href=\"https:\/\/carajput.com\/services-vat.php\">DVAT<\/a> for the quarter ended March:\u00a025-04-2016\u00a0(Form 16 and CST 1)<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/services\/service-tax-return-filing.php\">Service tax return<\/a> ST-3 for the half year ended March:\u00a025-04-2016<\/p>\n<p style=\"text-align: justify;\">Today or any day that phone may ring and bring good news. -Ethel Waters<\/p>\n<p style=\"text-align: justify;\">Bath purifies body, Meditation purifies mind, Prayers purify soul, Charity purifies wealth, Fast purifies health and\u00a0Forgiveness purifies relationship.<\/p>\n<p style=\"text-align: justify;\">We look forward for your valuable comments.\u00a0<a href=\"https:\/\/carajput.com\">www.carajput.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE APRIL 25, 2016 DIRECT TAX: The definition of rent includes any payment by whatever name called, for use of buildings including factory buildings, equipment, furniture or fittings. Even if machinery was leased, the consequent rent comes under the definition. But machinery lease cannot be considered under income from House property\u00a0.(Heritage Hospitality &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,172,9,4,1],"tags":[4463,4462,4461,3373],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2412"}],"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=2412"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2412\/revisions"}],"predecessor-version":[{"id":15757,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2412\/revisions\/15757"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}