"03 November 2016" Archive

ICICI Prudential Balanced Advantage fund for Investors with moderate risk

Returns on equity for the last few months have been very unstable. Most of the financial advisors are endorsing their clients to go for balanced funds. Balanced funds are outstanding options for investment for investors having moderate risk appetite, as they could provide great returns for investors having restricted downside risks. ...

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Posted Under: Finance |

Registration, Amendment and Cancellation under GST Law

Every person who is registered under the earlier law shall be issued provisional Number and after submission of requisite documents , GSTIN shall be issued as prescribed....

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Posted Under: Finance | ,

How Will GST Impact on Education Services

According to the Model law on GST which neither contains the exemptions nor the rates of taxation as of now, it appears that all services in relation to coaching and training would be subject to levy of GST as the scope of ‘service’ is very wide. ...

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Posted Under: Finance |

Exposure Draft- Amendments to Ind AS 7, Statement of Cash Flows

Exposure Draft of changes proposed in Ind AS 7, Statement of Cash Flows, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments....

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Posted Under: Finance |

FAQ on term Infrequent number of sales or insignificant in value

How should the terms 'infrequent number of sales' or 'insignificant in value' be interpreted and determined. Can indicative rebuttable thresholds be prescribed for sales that are more than insignificant in value?...

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Posted Under: Finance |

Reg. Associations whose FCRA renewal application closed / Expired

F.11/21022/36(0207)/2015 -FCRA-II 03/11/2016

List of Associations whose FCRA registration was valid till 31/10/2016 and have not applied renewal by 30/06/2016. Their validity of registration deemed expired from 01/11/2016....

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Focus on Quorum for Board Meetings

The Directors of a company function and exercise most of their powers at periodical meetings of the Board. The meeting to be vaild has to comply with the provisions of the Companies Act 2013...

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Posted Under: Finance |

Income Tax Dept staff requested to take Citizens Integrity Pledge

F.No. DCIT(V)/PV/2016-17/4528 03/11/2016

The CVC has exhorted all Ministries/Departments / Organisations to encourage their customers/public and corporates /entities/ firms etc. to take Integrity Pledge....

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Chartered Accountants Monopoly to practice GST Law is Undesirable

To amend Section 42(4) of the Model GST Act in such a manner that the term ‘audit of accounts’ should be replaced with the words ‘compliance report’ and the GST Practitioner, Advocate, Cost Accountant, Company Secretary and Chartered Accountant be allowed to certify the said ‘compliance report’....

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Customs Rate of exchange of foreign currency WEF 04.11.2016

Notification No.136/2016-Customs (N.T.) 03/11/2016

Rate of exchange of conversion of foreign currency WEF 04th November, 2016 notified vide Notification No.136/2016-Customs (N.T.) ...

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