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Initiatives for Indian Start-Ups in RBI Policy Statement

April 20, 2016 3136 Views 0 comment Print

In the Sixth Bi-Monthly Monetary Policy Statement for 2015-16 and the press release dated February 2, 2016, the Reserve Bank of India had highlighted the steps being taken with respect to the Government’s initiatives to promote ease of doing business and contribute to an eco-system conducive for growth of entrepreneurship, particularly in respect of the start-up enterprises.

S.244A Interest payable on refund of excess self assessment tax

April 20, 2016 12316 Views 0 comment Print

Calcutta High Court held In the case of ADIT vs. Sh. Dhan Singh Sharma that clause 244A (1) (b) is residual in nature which prescribes interest on refund from the date of payment of tax in cases which are not covered by Section 244A (1) (a). Necessarily, it will cover interest on refund of excess self-assessment tax paid by the assessee.

Indian Economy Amid Turmoils & the Road Ahead

April 19, 2016 1750 Views 0 comment Print

India is a unique place having great diversity. It is probably the only nation in the world which contains within itself the greatness, civilizations and cultures of the ancient’s era as well as the wonders of the modern time.

GST by no means be ‘anti-poor’

April 19, 2016 3139 Views 0 comment Print

Referring the editorial in the Hindustan Times, Congress will continue to oppose GST Bill by saying it an ‘anti-poor’. It is congress driven system which we are following from the decades. Now, we may have a new form of taxation in the name of Goods and Service Tax, which is also an idea originated by the earlier Government.

Compliance Calendar for Equity Listed Companies

April 19, 2016 7567 Views 1 comment Print

COMPLIANCE CALENDAR FOR EQUITY LISTED COMPANIES Quarterly / Half Yearly / Annual Compliances Under Chapter II & IV SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Applicability: – This compliance calendar shall apply to a listed entity which has listed its specified securities {2(1) (zj) SEBI Issue of Capital and Disclosure Requirements (ICDR) Regulations 2009 […]

Govt to make efforts to bring Back Kohinoor Diamond

April 19, 2016 1576 Views 0 comment Print

Government Reiterates its Resolve to Make all Possible Efforts to Bring Back Kohinoor Diamond in an Amicable Manner.The Government of India wishes to put on record that certain news items appearing in the press regarding the Kohinoor Diamond are not based on facts.

CBI arrests a Service Tax Superintendent for accepting bribe

April 19, 2016 3934 Views 0 comment Print

The Central Bureau of Investigation has arrested a Superintendent of Service Tax Commissionerate, Nehru Place, New Delhi for demanding & accepting a bribe of Rs.1,50,000/- from the complainant.

Reg. Benefit of MEIS on exports of Tamarind Kernel Powder

April 19, 2016 2704 Views 0 comment Print

It has been brought to the notice of this Directorate that some exporters are classifying the item Tamarind Kernel Powder under ITC(HS) Code 11063010 and claiming MEIS benefit. It is clarified that the correct ITC(HS) Code of Tamarind Kernel Powder is 13023290 on which MEIS benefit is not available.

10 tips to build and track a mutual fund’s portfolio

April 19, 2016 10132 Views 0 comment Print

In this article we are going to give answers to some basic questions every investor have in mind. 1. How to invest in mutual funds? 2. How to build a mutual funds portfolio? 3. How to track my mutual funds portfolio?

RBI amends provisioning norms in respect of fraud cases

April 18, 2016 1450 Views 0 comment Print

Banks should normally provide for the entire amount due to the bank or for which the bank is liable (including in case of deposit accounts), immediately upon a fraud being detected. While computing the provisioning requirement, banks may adjust financial collateral eligible under Basel III Capital Regulations – Capital Charge for Credit Risk (Standardised Approach), if any, available with them with regard to the accounts declared as fraud account;

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