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BSNL to Launch Free Roaming From 15 June, 2015 Mechanism to Control Call-Drop to be Explored Nation-Wide Mobile Portability by July FDI in Telecom Reaches Highest in Four Year Wi-Fi Hotspots at all Major Tourist Places -Taj to be Inaugurated Shortly Following is the opening statement of Sh. Ravi Shankar Prasad, Minister of Communication & […]
India joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on 3rd June, 2015, in Paris, France, alongwith Australia, Canada, Costa Rica, Indonesia and New Zealand. On our behalf, the Declaration to comply with the provisions of the MCAA was signed by H.E. Mr. Mohan Kumar, Ambassador of the Republic of India to France, in a signing ceremony held in Paris.
On account of unabetting import of areca nut from neighbouring countries originating from countries such as Indonesia and Myanmar taking the advantage of low import duty provided under SAFTA and consequent representations from various stakeholders, the Department of Commerce has decided to increase the Minimum Import Price (MIP) on import of Areca nuts from existing ₹ 110/- per kg. to ₹ 162/- per kg. with immediate effect.
Press Note No. 6 (2015 Series) The Government of India has reviewed the position in this regard and decided to revise the investment limit for cases requiring prior approval of the Foreign Investment Promotion Board (FIPB)/ Cabinet Committee on Economic Affairs (CCEA).
The Government of India has reviewed the FDI policy relating to investments by Non. Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). It has been decided to amend the definition of Non Resident Indian as contained in the FDI policy, and also to provide that for the purposes of FDI policy, investment by NRIs under Schedule 4 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations will be deemed to be domestic investment at par with the investment made by residents.
It operationalises the provisions of Memorandum of Understanding dated 23.10.2010 between India and Bangladesh by facilitating border trade between the two through two new border Haats at Kamalasagar, Tripura on the Indian side and Tarapur Kasba on Bangladesh side.
If you are young, single, with no dependants, you have all the time to think about tax planning and related investments that help do so. Banks and financial advisors might have already started approaching you with their tax saving ideas. Basically, you have ample opportunities to gear your investment portfolio on the right track.
NOTIFICATION NO. 50/2015-CUS(N.T.), Dated: June 03, 2015 S.O. 1462(E).- In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.63/1994-CUSTOMS (NT) dated the 21st November, 1994, published vide number S.O.830(E), dated the 21st November, 1994, namely:-
The general perception when it comes to salaried employees is that there isn’t much scope for saving tax. But that isn’t true. In fact there are many avenues under the head Income from Salary in which tax savings are possible.
Circular No. 184/3/2015-ST Dated the 3rd June, 2015 It is further clarified that exemption from service tax still continues to services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, other than those having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year.
