sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018.
 Easier tax refund regime for exporters in the works
 Income tax on your gold and real estate investments
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases
 How RBI dealt with the crisis amid tensions with FinMin
 Pay tax on this PF account withdrawal Income tax return (ITR) filinga
 Seeks to make amendments (Ninth Amendment, 2018) to the CGST Rules, 2017.
 How govt is dealing with tax evasion, corporate fraud
 How to check income tax return (ITR) status
 Second instalment of advance tax due on 15 September
 Missed the deadline for filing India ITR? Here is what you can do

Now, lawyers & CAs can represent parties before NTT
January, 25th 2007

Only lawyers and chartered accountants will be allowed to represent parties before the National Tax Tribunal. Besides, the Chief Justice of India alone will decide on transfer of the members of the Tribunal.

Paving the way for such a move, the government on Wednesday gave its approval for promulgation of an Ordinance on the lines of the National Tax Tribunal (Amendment) Ordinance to amend the National Tax Tribunal Act, 2005.
 
The said Ordinance will be replaced by a Bill in the Budget Session of Parliament. As per the current rules, the party may appear in person or authorise anyone to appear on his behalf before the Tribunal.

This meant such a person need not be a legal practitioner or a CA. Also, currently, a three-member selection committee comprising the CJI, legal affairs secretary and revenue secretary could decide on the transfer of the Tribunals members by a majority.

The Tribunal adjudicates disputes regarding levy, assessment, collection and enforcement of direct taxes. It also adjudicates disputes with respect to determination of rates of duties of customs and central excise on goods and the valuation of goods for assessment of such duties. Besides, it also handles matters relating to levy of tax on service.

The Cabinet also gave its approval to promulgate the Ordinance for amending the National Institute of Pharmaceutical Education and Research Act, 1998 to amend the National Institute of Pharmaceutical Education and Research Act, 1998 in order to empower Central Government to set up such similar Institutes or its Centres in any part of the country.

This is in keeping in mind that the pharma sector has grown enormously to Rs 55,000 cr today. Therefore there is a huge demand for skilled people.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions