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Source based capital gain taxation under revised DTAA with Mauritius

August 30, 2016 2465 Views 0 comment Print

The Protocol provides for source-based taxation of capital gains arising from alienation of shares acquired on or after 1st April, 2017 in a company resident in India with effect from financial year 2017-18.

ICAI President Message- September 2016

August 30, 2016 1015 Views 0 comment Print

In the CA curriculum, the relationship between Principal and Article Trainee is that of a teacher and a student. As Principal, our members play a significant role in nurturing their articled trainees and moulding them to acquire professional skills that ultimately lead them to success–in examination as well as in their professional life post-examination.

Price Dissemination through SMS/Electronic Communication Facility

August 30, 2016 505 Views 0 comment Print

Exchanges shall make efforts for registration of subscribers of Price Dissemination services and disseminate derivatives prices to them on a daily basis. Such direct price dissemination service would provide information to subscribers instantly in an efficient and transparent manner and thus shall be of great benefit to market participants.

Maintenance & Preservation of Records by commodity derivatives exchanges & members

August 30, 2016 340 Views 0 comment Print

SEBI vide its circular No. MRD/DoP/SE/Cir-21/2009 dated December 09, 2009 prescribed norms regarding ‘Preservation of records’. It has been decided that the provisions of the said circular shall be made applicable for all the commodity derivatives exchanges and their members.

Trading Hours/Trading Holidays on Commodity Derivatives Exchanges

August 30, 2016 358 Views 0 comment Print

As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable to recognized associations under the FCRA would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015), or till such time as notified by SEBI, whichever is earlier.

IT notices/Letters must Contain Email IDS & Phone Nos: CBDT

August 30, 2016 3010 Views 1 comment Print

All income-tax authorities to invariably mention their official e-mail Ids along with official telephone numbers/fax number in all notices/letters/communications being issued by them to the taxpayers.

Launch of Integrated solution between e-Nivaran Module for all Officers using ITBA with ASK, e-Filing and CPC-ITR – Reg.

August 29, 2016 1144 Views 0 comment Print

This is in reference to the subject mentioned above. The integration between e-Nivaran Module for all Officers of Department using ITBA with ASK, e-Filing and CPC-ITR is operational w.e.f. 22nd August, 2016 in Income Tax Business Application (ITBA) through the e-Nivaran module.

Export of Red Sanders wood by Govt of AP & DRI

August 29, 2016 1569 Views 0 comment Print

Export of Red Sanders wood by Government of Andhra Pradesh & Directorate of Revenue Intelligence (DRI) – Revision of quantity allocation to Govt. of Andhra Pradesh and extension of time for export by Govt. of Andhra Pradesh and DRI.

Cross Objection filed before Tribunal is an independent appeal: HC

August 29, 2016 1283 Views 0 comment Print

Kerala High Court has held that Cross Objection filed before the Tribunal u/s 253(4) is an independent appeal and shall be adjudicated on merits even if the other party’s appeal is dismissed, for whatever reason.

SEBI (Settlement of Administrative and Civil Proceedings) (Amendment) Regulations, 2016

August 29, 2016 982 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) (Amendment) Regulations, 2016. 2. They shall come into force on the date of their publication in the Official Gazette.

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