"30 December 2016" Archive

20 Recent Decisions of ICAI Ethical Standards Board

A chartered accountant cannot exercise lien over the client documents/records for non-payment of his fees. It is not permissible for chartered accountants in practice to take agencies of UTI, GIC or NSDL. It is permissible for a member in practice to be a settler of a trust....

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Posted Under: CA, CS, CMA |

Income Tax Business Application- MAP Proceedings Module

ITBA-MAP Proceedings Instruction No.1 30/12/2016

Initiate MAP Proceedings (in India): Facility is provided to record the details of an application filed by resident assessee u/sec 295(2)(h) (Form 34F) to initiate the MAP Proceedings, on being aggrieved by action of foreign tax authorities....

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India and Singapore Sign a Third Protocol for Amending DTAA

Third Protocol amends DTAA with effect from 1st April, 2017 to provide for source based taxation of capital gains arising on transfer of shares in a company....

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Posted Under: CA, CS, CMA |

RBI Closes scheme of exchange of Specified Bank Notes at banks

RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 30/12/2016

With the closure of the facility of exchange of SBNs as at the close of business on December 30, 2016, all banks should report information on collection of SBNs on December 30, 2016 itself at email....

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Rupee to remain under pressure

IIP for the month of Nov 16 is expected to be in the positive zone in Oct 16 largely owing to the base effect. Industrial production in the country continues to be plagued by weak investment activity, decelerating bank credit growth, weak external demand and lower capacity utilization rate....

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Posted Under: CA, CS, CMA |

Text of PMs Speech at DigiDhan Mela in New Delhi’s Talkatora Stadium

क्रिसमस के दिन भारत सरकार ने एक गिफ्ट की शुरूआत की थी और उसके तहत आने वाले 100 दिन तक प्रतिदिन 15 हजार लोगों को Lucky Draw के माध्‍यम से 1000 रुपय...

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Posted Under: CA, CS, CMA |

Government Suspends Deemed Recognition of IOA

Govt suspended deemed recognition of IOA until IOA reverses decision to appoint Suresh Kalmadi and Abhay Chautala as Life Presidents....

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Posted Under: CA, CS, CMA |

Existing & Proposed Scenario for Company Name Removal- Comparison

Documents Required for removal of company under new rules- 1. MOA & AOA 2. PAN of Company as well as Directors 3. Address proof of Directors ...

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Posted Under: CA, CS, CMA |

Procedure for FDI Under Government Route

Under Government Route, prior approval of Govt of India is required. Proposals for foreign investment under this route are considered by FIPB...

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Posted Under: CA, CS, CMA |

Scheme for Promoting Registration of Employers & Employees

This is one time opportunity to all the Employers to register themselves/ their business and employees to avoid attracting hefty penalties under the provisions of the ESI Act 1948, who have not yet registered. The advantage of the Scheme to the Employers is that those Registered during the period...

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Posted Under: CA, CS, CMA |

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