{"id":2608,"date":"2016-12-24T07:45:59","date_gmt":"2016-12-24T07:45:59","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=2608"},"modified":"2021-07-14T11:58:54","modified_gmt":"2021-07-14T11:58:54","slug":"corporate-and-professional-update-dec-24-2016","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE DEC 24, 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e6ea34e4972\" 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: #999;color:#999\" 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: #999;color:#999\" 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-69e6ea34e4972\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#Today_Update\" title=\"Today Update :\">Today Update :<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#_DIRECT_TAX\" title=\"\u00a0DIRECT TAX:-\">\u00a0DIRECT 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:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#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:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#MCA_Update\" title=\"MCA Update:-\">MCA Update:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#Other_Update\" title=\"Other Update:-\">Other Update:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-dec-24-2016\/#Key_Dates\" title=\"Key Dates:-\">Key Dates:-<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Today_Update\"><\/span><span style=\"color: #333399;\"><strong>Today Update :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<figure id=\"attachment_2609\" aria-describedby=\"caption-attachment-2609\" style=\"width: 490px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/12\/The-Four-Key-Steps-in-Startup-Fund-Raising-Processes-750x422.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2609\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/12\/The-Four-Key-Steps-in-Startup-Fund-Raising-Processes-750x422-300x169.png\" alt=\"www.caindelhiindia.com; Corporate updates\" width=\"490\" height=\"276\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/12\/The-Four-Key-Steps-in-Startup-Fund-Raising-Processes-750x422-300x169.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2016\/12\/The-Four-Key-Steps-in-Startup-Fund-Raising-Processes-750x422.png 750w\" sizes=\"(max-width: 490px) 100vw, 490px\" \/><\/a><figcaption id=\"caption-attachment-2609\" class=\"wp-caption-text\">www.caindelhiindia.com; Corporate updates<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"_DIRECT_TAX\"><\/span><strong>\u00a0<\/strong><span style=\"color: #333399;\"><strong><span style=\"text-decoration: underline;\">DIRECT TAX:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CBDT has issued a press release regarding payments towards Tax, Penalty, Surcharge under the PMGKY is to be made through challan ITNS- 287 &amp; deposits are to be made in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016\u00a0 which can be made in old demonetized currency.<\/li>\n<li>CBDT issued a press release to notify that the <a href=\"https:\/\/caindelhiindia.com\/service\/income-tax-return-filing\">Income-tax department<\/a> identifies 67.54 lakh Potential non- filers who have carried out high-value transactions in the F.Y 2014-15 but did not file a return of income for the relevant A.Y 2015-16.<\/li>\n<li>Supreme Court held that whether the Income from letting out of the property is a business income or not depends upon the facts &amp; circumstances of each case. In the below-cited case, the business of the appellant company was to lease its property &amp; to earn rent therefrom. Thus the income so earned should be treated as the business income of the appellant company. [M\/s Rayala Corporation Pvt. Ltd. Vs Assistant Commissioner of Income Tax]<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Indirect_Tax\"><\/span><span style=\"color: #333399;\"><strong><span style=\"text-decoration: underline;\">Indirect Tax:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CESTAT Delhi held that the definition of clearing &amp; forwarding agent nowhere requires the clearing to be effected from the factory and even if the assessee is not clearing the goods from the factory and engaged in activities that are of the nature of clearing &amp; forwarding agent, service tax is required to be levied under the category of Clearing &amp; forwarding Agent.\u00a0[Somani Agencies Vs CCE &amp; ST, Indore]<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"MCA_Update\"><\/span><strong><span style=\"text-decoration: underline;\">MCA Update:-<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>No denial of permission to hold board meeting just because the ex-director had challenged the appointment of the new director- Sanjiv Gupta v. Getit Infoservices (P.) Ltd. [2016]\u00a0 (NCLT &#8211; New Delhi)<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Other_Update\"><\/span><span style=\"color: #333399;\"><strong><span style=\"text-decoration: underline;\">Other Update:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>SEBI advises caution to customers in the matter of PACL- the Committee constituted by the SEBI under Chairmanship of Justice (Retd.) R. M.Lodha.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Dates\"><\/span><span style=\"color: #333399;\"><strong><span style=\"text-decoration: underline;\">Key Dates:-<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Payment of TDS for purchase of property for Nov:\u00a030.12.2016.<\/li>\n<\/ul>\n<p>\u201cSuccess is a tasty dish. Patience, Intelligence, Knowledge, and Experience are its Ingredients. But Hard Work is that little salt that makes it delicious.\u201d<\/p>\n<p>We look forward to your valuable comments.\u00a0 <a href=\"https:\/\/www.caindelhiindia.com\">www.caindelhiindia.com<\/a><\/p>\n<p>FOR FURTHER QUERIES CONTACT US:<\/p>\n<p>W:\u00a0<a href=\"https:\/\/www.caindelhiindia.com\">www.caindelhiindia.com<\/a> \u00a0\u00a0 \u00a0E: info@caindelhiindia.com \u00a0 T: 011-233-4-3333, 9-555-555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today Update : \u00a0DIRECT TAX:- CBDT has issued a press release regarding payments towards Tax, Penalty, Surcharge under the PMGKY is to be made through challan ITNS- 287 &amp; deposits are to be made in Pradhan Mantri Garib Kalyan Deposit Scheme, 2016\u00a0 which can be made in old demonetized currency. CBDT issued a press release &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[642,21,20,647,142,146],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2608"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=2608"}],"version-history":[{"count":3,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2608\/revisions"}],"predecessor-version":[{"id":2747,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/2608\/revisions\/2747"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=2608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=2608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=2608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}