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Archive: 26 July 2019

Posts in 26 July 2019

Implementation of IRDAI (Non-Linked Insurance Products) Regulations, 2019

July 26, 2019 4113 Views 0 comment Print

This circular is issued in accordance with the powers vested under Section 14 (2)(e) of the IRDA Act, 1999 read with Section 34(1) of the Insurance Act, 1938, Regulation 38 of the IRDAI (Non-Linked Insurance Product) Regulations, 2019 and Regulation 51 of the IRDAI (Unit-Linked Insurance Products) Regulations, 2019.

Delhi exempts film “Super 30” from DGST

July 26, 2019 657 Views 0 comment Print

The reimbursement of amount equivalent to DGST, payable & deposited on services by way of admission to exhibition of film Super 30 in Multiplexes/ Cinema Halls of Delhi is allowed,

‘Intermediary’ or ‘Export’ – Recent circular on Intermediary Services

July 26, 2019 6213 Views 0 comment Print

The scope of intermediary services has been under constant debate both under the service tax regime and after the introduction of GST. A writ petition is also pending before the Gujarat High Court challenging the tax treatment of intermediary services on the ground that the provision imposing tax on intermediary services provided to a recipient […]

IFRS 9 Financial Instruments: Transition Impact on Banks Across Globe

July 26, 2019 1020 Views 0 comment Print

In the first decade of new millennium the world witnessed unprecedented global financial crisis with severe adverse impact on many economies. Unlike previous crisis, large internationally active Banks from advanced economies were at the epicentre of the crisis. The crisis impact was felt across the globe, calling for urgent and unified remedial action by global […]

MCA Updates on eForm DIR-3 KYC & LLP Forms

July 26, 2019 12507 Views 1 comment Print

1. Please be aware that the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019. As per the said notification: i) eForm DIR-3 KYC is to be filed by an individual who holds DIN and is filing his KYC details for the first time or by the […]

CBDT Taxalogue Magazine Jul – Oct 19 | Volume 1 | Issue 1

July 26, 2019 10161 Views 6 comments Print

The Tax Policy, which feels the pulse of the public and addresses their concerns while raising taxes for the Government is considered as the most progressive one. On the other hand, if it ignores the ground reality, it arouses adverse public sentiments.

Importance of Risk Based Internal Audit in Banks

July 26, 2019 6066 Views 0 comment Print

Deregulation and liberalization of Indian financial sector call for effective and crucial risk management and internal control system in the conduct of banking business especially after the recent unsavory incidents of fraud and cheatings by some of the prominent borrowers causing a grave crisis in the financial market.

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