"04 May 2012" Archive

Norms of ECB and FDI for real estate sector

FDI is not permitted in Real Estate Business. However, as per paragraph 6.2.11 of ‘Circular 1 of 2012 – Consolidated FDI Policy’ of the Department of Industrial Policy & Promotion (DIPP), FDI upto 100 per cent is permitted under the automatic route for Townships, housing, built-up infrastructure and construction development project...

Read More
Posted Under: Fema / RBI |

Pre-Payment Penality on Home Loans

Reserve Bank of India (RBI) in its monetary policy, during 2012-13 has announced not to permit banks to levy foreclosure charges/pre-payment penalties on home loan on a floating interest rate basis. ...

Read More
Posted Under: Fema / RBI | ,

Apex Costing body wants Statutory Recognition for Profession

The value addition provided by a profession supplements and strengthens the statutory role which it normally plays under the legal framework by the government. As long as this aspect is recognized by the profession, the respect for it increases. Sometimes we get a rare opportunity to present this aspect to the Government during the formul...

Read More
Posted Under: Fema / RBI |

Employers can now submit EPF subscription online

Ending hassles of employers in payment of EPF subscription of employees, the government today started an electronic mechanism that promises to bring transparency and accessibility. The initiative, launched by Labour and Employment Minister Mallikarjun Kharge, offers an opportunity to employers to file their returns online from anywhere an...

Read More
Posted Under: Fema / RBI |

Empanelment with HUDCO of CA Firm for 2012-2013 for Branch Audit

The appointment of CA firm shall be done in two phases:- 1. Firm shall be short listed on the basis of Technical Bid and financial bids of short listed firms only would be opened.2. The services would be provided to Jaipur Regional Office, Housing & Urban Development Corporation Ltd. (HUDCO), HUDCO Bhawan, Behind RHB Office, Jyoti Nagar, ...

Read More
Posted Under: Fema / RBI |

HC asks ICAI to allow disabled CA examinee to take kins’ help in exam

Subhash Chandra Vashishth Vs The Institute of Chartered Accountants of India (Delhi High Court)

The Delhi High Court today asked the Institute of Charted Accountants in India (ICAI) to allow disabled persons appearing for the CA examination to take the their relatives' help in writing the papers for them. ...

Read More

RBI removes ceiling rate on export credit in foreign currency

RBI/2011-12/534 DBOD.DIR.No.100/04.02.001/2011-12 04/05/2012

With a view to increasing the availability of funds to exporters, it has been decided to allow banks to determine their interest rates on export credit in foreign currency with effect from May 5, 2012....

Read More

RBI raises Interest rate ceiling on Foreign Currency Non-Resident deposits of banks

RBI/2011-12/535 DBOD.Dir.BC. 102/13.03.00/2011-12 04/05/2012

Please refer to paragraph 2 of our circular No.DBOD.Dir.BC.59/13.03.00/2011-12 dated November 23, 2011 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on May 4, 2012, the interest rates ...

Read More

EPF Returns to be submitted by employer in electronic format

Notification No. G.S.R. 336(E) 04/05/2012

Employees' Provident Funds (Second Amendment) Scheme, 2012 - Amendment in paragraphs 27, 27A, 27AA, 36, 36A, 38, 42, 43, 72, 82 and 83- This Scheme may be called the Employees' Provident Funds (Second Amendment) Scheme, 2012....

Read More

New Income tax return filing to create more hassles

Union Budget 2012 proposes that, with effect from tax year 2011-12, every resident individual who has an asset outside India has to file the tax return mandatorily irrespective of income. In other words, income is not the only criteria to file an income tax return in India. ...

Read More
Posted Under: Fema / RBI | ,

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031