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Archive: 21 April 2016

Posts in 21 April 2016

Master Directions on Amalgamation of Private Sector Banks

April 21, 2016 628 Views 0 comment Print

The term delisting of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange.

e-mechanism for issue of debt securities on private placement

April 21, 2016 1864 Views 0 comment Print

In order to streamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices, it has been decided to lay down a framework for issuance of debt securities on private placement basis through an electronic book mechanism.

Relaxation in Excise duty concession certificate issue terms for Vehicle purchase by disabled Persons

April 21, 2016 1150 Views 0 comment Print

It has been decided that requirement of manufacturer certificate from OEMs in case of retrofitment of vehicles, after purchase, shall be dispensed with. Instead the certificate from District Road Transport Officer, as per annexure, would be sufficient for applying to this Department in the prescribed Performa alongwith remaining documents/papers as mentioned in the scheme for obtaining excise duty concession certificate from the Department of Heavy Industry.

Govt Withdraw notification amending PF withdrawal Conditions

April 21, 2016 7867 Views 0 comment Print

Government had issued a notification dated 10th February 2016 regarding rules for withdrawal from EPF Funds by the members. Under the revised rules, the employee was permitted to withdraw the employees’ share from the fund (which is 12% of the wages). However, it was prescribed that the employers’ share of contribution towards the Provident Fund […]

Grant of relaxation of ILC with Regional Authorities

April 21, 2016 745 Views 0 comment Print

Vide Notification No. 38 dated 5th February, 2016, Government has imposed Minimum Import Prices (MIP) on 173 tariff lines under Chapter 72 (Iron & Steel). The same Notification also protects imports/shipments after 5th Feb, 2016, which are negotiated and finalised under Irrevocable Letter of Credits (ILCs) before the date of the said Notification under Para 1.05(b) of FTP, provided these ILCs are registered with Jurisdictional RAs within a period of 15 days.

Budget proposals relating to income tax return

April 21, 2016 22675 Views 6 comments Print

Provisions relating to filing of income tax returns- At present, an Individual or an HUF has to file its income tax return, before the due date which is generally 31st July of the subsequent year, if the total income before deducting various deductions available under Chapter VIA exceeds the basic exemption limit.

Analysis Of Declaration Form VAT 15 Under Rajasthan VAT Rules

April 21, 2016 14785 Views 1 comment Print

In this article we will discuss the declaration forms that are available under RVAT Act read with Rajasthan Value Added Tax Rules, 2006 other than VAT 47 and VAT 49, as these declaration forms has already been discussed in detail in another separate article

FEMA provisions of Guarantee to Persons Resident Out of India

April 21, 2016 40564 Views 2 comments Print

We are in the modern era in which whole world became our play ground. Gone are the days, when people were afraid of for going abroad. We Indian proved our mantle all over the world, through our business sense and information technologies developments.

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