"16 December 2016" Archive - Page 2

Comparative Analysis of Refund of Tax in Revised GST Law-Part-II

A new sub-section 13 has been added in section 48 which states that refund of advance tax deposited by casual or non-resident taxable person shall not be allowed unless they have furnished all returns during their period of registration. ...

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195 banks can provide Mobile Banking Services

As on November 30, 2016, RBI has given approval to 195 banks for providing Mobile Banking Services to their customers. Further to facilitate mobile banking the process of registration has been made convenient by enabling such feature on ATMs....

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Unsettled waters ahead for non-resident Indian sailors?

Indians working in the merchant navy (commonly known as Sailors) form a large part of the expatriate community of India. These sailors work aboard ships owned by foreign companies, which sail in international waters and earn their salaries for the services rendered on such ships....

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Merchant Discount Rate (MDR) for transactions upto Rs. 2000 reduced

RBI/2016-17/184 DPSS.CO.PD.No.1515/02.14.003/2016-17 16/12/2016

Banks were advised to cap MDR for debit card transactions at not exceeding 0.25% of transaction amount for value upto ₹ 1000 and not exceeding 0.50% of transaction amount for value above above ₹ 1000/- and upto ₹ 2000/-...

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SEBI Master Circular for Stock Exchange and Clearing Corporation

Master Circular No. SEBI/HO/MRD/DP/CI R/P/2016/135 16/12/2016

SEBI has been issuing various circulars/directions from time to time. In order to enable the users to have an access to all the applicable circulars/communications at one place, Master Circular in respect of Stock Exchange & Clearing Corporation has been prepared....

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Limit on foreign citizens to exchange Indian currency to continue till 31.12.2016

RBI/2016-17/186 A.P. (DIR Series) Circular No. 22 16/12/2016

The restriction imposed on foreign citizens by which they were permitted to exchange foreign exchange for Indian currency notes only up to a limit of ₹ 5000/- per week till December 15, 2016, is been extended till 31st December 2016. ...

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Producer Company- Provisions applicable under Companies Act, 2013

active Member means a member who fulfils the quantum and period of patronage of the Producer Company as may be required by the articles...

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A Very Useful Online Tool for Budgeting and Tax Returns

Managing your personal finances and tax returns can be quite tedious, but many people have turned to themselves in order to avoid spending unnecessary funds. The majority of documents needed for such tasks can be created using Microsoft’s Excel, because of its resourceful and versatile nature. ...

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Applicability of Principles of Financial Market Infrastructures on Commodity Derivatives Exchanges

Circular No. SEBI/HO/CDMRD/DMP/CIR/P/2016/137 16/12/2016

The PFMIs comprise of 24 principles for Financial Market Infrastructure to provide for effective regulation, supervision and oversight of FMIs....

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SEBI cautions public on unsolicited calls/ SMS

Press Releases No. 163/2016 16/12/2016

It has come to notice of SEBI that many entities have been luring investors through unsolicited calls/SMS and assuring guaranteed profits on the trading tips provided by them. ...

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