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Archive: 01 August 2016

Posts in 01 August 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7170 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Foreign Currency Accounts by Resident Individuals- FAQs

August 1, 2016 744 Views 0 comment Print

Sec 2(v) of the Foreign Exchange Management Act, 1999 (FEMA) defines a person resident in India as: (i) a person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include-

Exemption Rules for Consolidation of Financial Statement

August 1, 2016 56530 Views 1 comment Print

it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having been intimated in writing and for which the proof of delivery of such intimation is available with the company, do not object to the company not presenting consolidated financial statements

Provide Client Registration Documents in Vernacular Languages: SEBI

August 1, 2016 19360 Views 0 comment Print

In the interest of investors it has been decided that the above mentioned documents shall be provided to clients in vernacular languages. In this regard, SEBI has advised stock exchanges having nationwide terminals to provide the above said documents in 15 vernacular languages viz. Assamese, Bengali, Gujarati, Hindi, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu

EPFO on correct reporting of employees by Inspection officers

August 1, 2016 22743 Views 0 comment Print

It has been decided that from now onwards (a.) it shall be mandatory on the part of Enforcement Officers, to report numbers of employer in respect of these security/manpower/facility management establishments with reference to each of principal employer/clients being served by these establishments

Reg. Functionality for Selection of Scrutiny cases & Notice Issue

August 1, 2016 34040 Views 0 comment Print

The functionality for selection of cases and for generation of notice u/s 143(2)/148 will be made available w.e.f. 01/08/2016 in Income Tax Business Application (ITBA) as per the following details:

Amendment in conditions for export of Basmati Rice

August 1, 2016 20462 Views 0 comment Print

(i) In addition to the EDI ports, export of Basmati Rice will now be permitted through Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border also, subject to registration of quantity with DGFT. (ii) Export of Basmati Rice shall not be permitted on the basis of Documents against Acceptance (D/A) unless such export is covered either by Bank Guarantee or ECGC Guarantee, with effect from 01.10.2016.

Govt. appoints Ms. Rani Singh Nair as Chairperson, CBDT

August 1, 2016 21560 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE ****** New Delhi, dated 1st August, 2016 NOTIFICATION No. 61 :(F.No.A.19011/15/2014-Ad.I): The President of India is pleased to appoint Ms. Rani Singh Nair, IRS(IT:1979), as Chairperson, Central Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance in the pay scale of Rs. […]

Amendment to SEBI Issue and listing of Debt Securities Regulations, 2008

August 1, 2016 1982 Views 0 comment Print

Amendment to the SEBI (Issue and listing of Debt Securities) Regulations, 2008 to provide for Consolidation and Re-issuance of debt securities in the Corporate Bond Market and Call and Put Options.

SBBJ release list of CA firms empanelled for Concurrent and stock Audit

August 1, 2016 32760 Views 0 comment Print

State Bank of Bikaner and Jaipur (SBBJ) has hosted on its website the list of CA firms Concurrent and Stock Audit. In the list bank has provided the name of CA Firm , Address of CA Firm and Unique code No., It also hosted the list of  Empanelled Chartered Accountants/Cost Accountants for conducting Forensic Audit. […]

RBI Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector

August 1, 2016 20724 Views 0 comment Print

Some of the key aspects of the Guidelines include: (i) resident individuals and professionals having 10 years of experience in banking and finance at a senior level are also eligible to promote universal banks; (ii) large industrial houses are excluded as eligible entities but are permitted to invest in the banks up to 10 per cent

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