Banks are permitted to raise funds through issuance of rupee denominated bonds overseas for the following purposes: Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital under the extant Basel III Capital Regulations
Government, to allow Indian banks, within the limit set for foreign investment in corporate bonds (INR 244323 crore at present), to issue: Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capital and debt capital instruments qualifying for inclusion as Tier 2 capital, by way of Rupee Denominated Bonds overseas; and
Whole of the late fee payable by any dealer, who files any return for any of the periods starting from 1st April 2016 to 30th September 2016 shall be exempted, if such return is filed on or before the 15th November 2016.
Which category of the dealers are required to make e-payment compulsorily for VAT, CST & PTRC? Is it mandatory to pay sales tax online?
Sharp anomalies in taxation rates and structure across different industries such as telecom, tobacco, textiles, food processing and tourism, should be addressed to as the country moves in a transition period for implementing the Goods and Services Tax
The total number of Mandrax Tablets estimated to be about 2 crore in numbers with a weight of about 23.5 metric tonnes. International market value of seized tablets is estimated to be over Rs. 3000 crores.
E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, internet or online social networks.
CASS Committee formed for 2016-17 to recommend changes in Income Tax Returns, Income Tax Forms, Third Party information etc., to enable effective scrutiny selection.
Seeks to levy provisional anti-dumping duty on Wire Rod of Alloy or Non-Alloy Steel originating in or exported from China PR – Notification No. 51/2016-Customs (ADD) – Dated 2-11-2016
Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date.
