eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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Wholesale Price Index :: Review for January 2013 Data
Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of January, 2013 The official Wholesale Price Index for ˜All Commodities™ (Base: 2004-05 = 100) for the month January, 2013 rose by 0.4 percent to 169.2 (Provisional) from 168.6 (Provisional) for the previous month. INFLATION The annual rate of inflation, based on… Read More
MoCIT Speak :: Ministry to Set up Special Japan Desk in DeitY
Shri Kapil Sibal, Union Minister for Communications and IT, addressed the press at the Japan Press Club, as regards his ongoing visit to Japan, today. Below are the highlights of the statement made by him. OUTLINE ABOUT THE VISIT · Joint Working Group between METI(Ministry of Economy Trade and Industry) Japan and DEITY(Department of Electronics… Read More
MoCIT Speak :: Japan and India must become long term partners
India is keen that Japan does not look at India as a short term trading partner, but as a long term partner- India as a manufacturing centre to access the global market. Top companies can even come to India and set up testing centres for standards for 4G and 5G for the world. This was… Read More
MoCIT Speak :: Indo-Japan must collaborate more in the Information Technology space
Shri Kapil Sibal: India and Japan can Partner using their Strengths in Software and Hardware India and Japan can partner using their strengths of Indian expertise in software and Japanese expertise in hardware, and explore the upcoming markets. For this end, dedicated teams between the two countries would be required. This was stated by Shri… Read More
Memorandum of Agreement for Reviving Crafts Heritage
National Culture Fund, Rural Electrification Corporation (REC) and Sewa Federation Sign Memorandum of Agreement for Reviving Crafts Heritage and providing sustainable livelihood to the Artisans A Memorandum of Agreement (MoA) forging partnership between NCF/REC/SEWA Federation was signed here today for the project Reviving Crafts Heritage and Providing Sustainable Livelihood to the Artisans. The MoA was… Read More
International Conference on Inclusive Urban Planning
The Ministry of Housing and Urban Poverty Alleviation (M/oHUPA), Government of India is organizing a two day International conference on Inclusive Urban Planning on 18-19th February 2013 at Vigyan Bhavan. The conference is a part of the series of such events organized every two years, where publication of India Urban Poverty Report is an immediate… Read More
Mandatory for Cooperative societies claiming deduction under section 80P to file Returns
CLR Edictorial Notes:- In view of mandatory provisions of section 139(1) (Return of Income) of the Income Tax Act, 1961, read along with section 80A(5) (Where the assessee fails to make a claim in his return of income for any deduction under section 10A or section 10AA or section 10B or section 10BA or under any provision of this Chapter under the heading "C.”Deductions… Read More
Ministry taking measures to resolve issues with MCA 21 e-Governance Portal
Ministry of Corporate Affairs Taking Necessary Measures to Resolve the Temporary Difficulties in the Ministry™s MCA 21 e-Governance Portal The Ministry of Corporate Affairs is taking necessary measures to resolve the temporary difficulties that have arisen in the MCA 21 e-Governance portal of the Ministry. At the same time, in order to alleviate the problems… Read More
Section 43(1) of IT Act cannot be invoked if extra price paid for acquiring Assets
CLR Editorial Notes:- Explanation 3 to section 43(1) can't be invoked for computing actual cost of assets merely because assessee has paid some extra price for acquiring that asset unless other conditions of such explanation stand satisfied References: Section 43 (1) Definitions of certain terms relevant to income from profits and gains of business or profession.… Read More
Issue of taxability of a revocable share transfer as deemed gift u/s 4(1)(c) of the Gift-tax Act
IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 3914 OF 2010 Satya Nand Munjal ¦..Appellant Versus Commissioner of Gift Tax ¦..Respondent WITH CIVIL APPEAL NO. 3915 OF 2010 J U D G M E N T Madan B. Lokur, J. 1. Civil Appeal No. 3914/2010 (Assessee: Satya Nand Munjal) and Civil… Read More
Inter unit transfers of goods or services within same assessee should be recorded at market value
CLR Editorial Notes:- Only where there is some inter unit transfer of goods or service between various units of the same assessee, then it has to be ensured that recording of such transfer of goods or services should be at market value of such goods or services on the date of transfer. ---------------------------------------------- 2013-ITS-79-ITAT-Cadila Healthcare… Read More
Delhi Declaration on Traditional Medicine for the South-East Asian Countries
The two-day International Conference on Traditional Medicine for South-East Asian Countries concluded with Adoption of Delhi Declaration In New Delhi today. The Delhi Declaration is as follows: A. We, the Health Ministers of South-East Asian countries, representing the Governments of Bangladesh, Bhutan, India, Nepal, Minister of Indigenous Medicine, Sri Lanka, and Vice Minister of Health,… Read More
DGCI urges license holders to launch new drugs within 6 Months or else face cancellations
F.No.12-01/12DC Pt- 127 Directorate, General of Health Services (Office of DCG(I)), FDA Bhawan, Kotla Road, new Delhi Dated : 10.01.2013 To All State Drug Controllers Sub: Cancellation of permission / license in case an applicant/ manufacturer who fails to launch their product for marketing in the country within a period of six months from obtaining the permission / license from CDSCO regarding. Sir, Under the… Read More
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