Call for comments: Data Protection Framework

The Government of India has constituted an Expert Committee under the Chairmanship of Justice B.N. Srikrishna, Former Judge, Supreme Court of India comprising of members from Government, Academia and Industry to study and identify key data protection issues and recommend methods for addressing them. The Committee has put out a White Paper on Data Protection […]

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Policy Changes recommended by the 25th GST Council Meeting

The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi. The following Policy Changes have been recommended by the GST Council in its 25th meeting: 1. The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) […]

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Fodder scam case: Lalu Prasad Yadav sentenced to 3.5 years in prison

As reported by the Times of India, former Chief Minister of Bihar Lalu Prasad Yadav was today sentenced to three-and-a-half years in prison and fined Rs 10 lakh by a Special CBI Court in the second fodder scam case (involving the embezzlement of more than Rs. 89 lakh in government funds)  in which he was found guilty. Lalu was fined Rs […]

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IBBI publishes syllabus, format and frequency of examinations for “valuers”; from 1st April 2018, only registered “valuers” can conduct valuations

The Insolvency and Bankruptcy Board of India has published the syllabus, format and frequency of the valuation examination for the three asset classes of “securities or financial assets”, “land and building” and “plant and machinery”. A person seeking to become a “valuer” requires to clear valuation examination in the respective area. These courses shall be delivered […]

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CBDT enters into 3 Advance Pricing Agreements in December, 2017

The Central Board of Direct Taxes (CBDT) has entered into three more Advance Pricing Agreements (APAs) during the month of December, 2017. While two of the Agreements are Unilateral, one is a Bilateral with the United Kingdom. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone […]

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State/UT Govts directed to ensure registration of all Child Care Institutions across the country under JJ Act, 2015

Sub-section (1) of Section 41 of the Juvenile Justice (Care and Protection of Children) Act, 2015 requires that all Child Care Institutions (CCIs) whether run by State Government or by voluntary or non-governmental organisations shall be registered under the Act. This further provides that the institutions having valid registrations under the Juvenile Justice (Care and […]

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Extension of date for filing return in Form GSTR-1

The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018. Table Sl. No. Class of Taxpayer Return Previous last date Revised last date 1 Registered  persons having Aggregate turnover of up to 1.5 crore rupees in the preceding […]

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Lok Sabha passes Bill making Triple Talaq unconstitutional

The Lok Sabha in a historic move passed the Muslim Women (Protection of Rights on Marriage) Bill, 2017 making triple talaq unconstitutional. The Bill that seeks to protect married Muslim women from the practice of divorcing by uttering the word ‘talaq’ thrice makes talaq-e-biddat a“cognizable and non-bailable offence”. The draft Bill includes criminal provisions, including a jail […]

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