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Archive: 08 December 2014

Posts in 08 December 2014

Anti-dumping duty on Sodium Nitrite import from China

December 8, 2014 352 Views 0 comment Print

This notification shall remain in force upto and inclusive of the 16th August, 2016, unless revoked earlier, and the anti-dumping duty shall be paid in Indian currency.

FDI in India – Review of FDI policy –Sector Specific conditions- Defence

December 8, 2014 1142 Views 0 comment Print

In terms of Schedule 1 to the Notification ibid, Foreign Direct Investment (FDI) up to 26 per cent is permitted under Government route in Defence industry subject to license under the Industries (Development & Regulation) Act, 1951. Proposals for FDI above 26 per cent would be subject to approval of Cabinet Committee on Security on case to case basis, wherever it is likely to result in access to modern and ‘state-of-art’ technology in the country.

Govt. permits FDI in 10 activities of Railway Transport sector

December 8, 2014 1476 Views 0 comment Print

Department of Industrial Policy and Promotion (DIPP) has now permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. Accordingly, it has been decided to permit FDI in the following activities of the Railway Transport sector:

DGFT dispenses registration requirement for export of certain types of cotton yarn

December 8, 2014 739 Views 0 comment Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-14, as amended, the Central Government hereby makes, with immediate effect, the following amendments in respect of Sl. No. 197 & 199 of Chapter 52 of Schedule 2 of ITC (HS) Classification of Export & Import Items.

Amendment in export policy of cotton

December 8, 2014 283 Views 0 comment Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-14, as amended, the Central Government hereby makes, with immediate effect, the following amendments in respect of Sl. No. 197 & 199 of Chapter 52 of Schedule 2 of ITC (HS) Classification of Export & Import Items.

Modiji Appealed for 'Make in India' But NRIs worried about 'Tax in India'

December 8, 2014 10952 Views 0 comment Print

CA Umesh Sharma Arjuna (Fictional Character): Krishna, The tours across the world of Modiji after becoming the Prime Minister of India has become the topic of discussion for everyone. He invited Non Resident Indians to make financial investment in India through “Make in India” scheme. But who are these Non Resident Indians (NRI), what is […]

'A Complete Guide for Advanced Auditing – CA (Final)' – Download Free e-book

December 8, 2014 11764 Views 7 comments Print

Please find attached 1th Edition of the Book on CA – Final (Audit) ‘A Complete Guide for Advanced Auditing – CA (Final)’ Applicable for May – 2015 Exams onwards. (incorporating upto date amendments including Companies Act, 2013, Clause 49 (Listing Agreement), Form 3CD (Tax Audit Report). The book also contains:

Service Tax on Support Services provided by Government of India

December 8, 2014 15838 Views 1 comment Print

Any service provided by the Government is not taxable since it is covered under the Negative List. However certain services (specified in section 66D (a)(i) to (iv) of the Finance Act, 1994) provided by government are taxable as they are covered under exceptions to the negative list.

Empanelment of CA firms / LLPs with C&AG for the year 2015-16

December 8, 2014 6085 Views 0 comment Print

Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for appointment as auditors of Government Companies/Corporations for the year 2015-16.

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