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Burden of delivery of Rule of Law falls on judges

April 14, 2016 1072 Views 1 comment Print

Referring to Kautilya’s Arthashastra, the Vice President said that judges shall discharge their duties objectively and impartially and added that rectitude is thus a prime requirement in judiciary as in all other walks of life and must be observed at all times and at all levels.

CMA: Extension of time for CEP Credit Hours for renewal of COP

April 14, 2016 2512 Views 0 comment Print

NOTICE Dated: 13 April 2016 Extension of time for CEP Credit Hours for renewal of COP Dear Members, As you are aware that in case of members holding Certificate Of Practice (COP), as per the Guidelines for Mandatory Training for all Members of The Institute under Continuing Education Programme, it is mandatory to undergo minimum […]

e-TDS/TCS File validation utility version 2.146 & 5.0 wef 13.04.2016

April 14, 2016 7921 Views 0 comment Print

Key Features of e-TDS/TCS File validation utility (FVU) version 5.0 for FY 2010-11 onwards 1. Remark ‘B’ is made applicable for Section code 192A (Payment of accumulated balance due to an employee) for Form 26Q. 2. New Section code 194IA (Payment on transfer of certain immovable property other than agricultural land) has been added under list of sections available under Form

SEBI Takeover Regulations- Brightline Tests for Acquisition of Control

April 14, 2016 1597 Views 0 comment Print

Discussion Paper on Brightline Tests for Acquisition of Control under SEBI Takeover Regulations

NSDL releases e-TDS/TCS RPU version 1.5 from FY 2007-08

April 14, 2016 3499 Views 0 comment Print

e-TDS/TCS RPU version 1.5 for Statement(s) from FY 2007-08 onwards is released (13/04/2016). Key Features – Return Preparation Utility (RPU) version 1.5 Remark ‘B’ is made applicable for Section code 192A (Payment of accumulated balance due to an employee) for Form 26Q. New Section code 194IA (Payment on transfer of certain immovable property other than […]

Why Anticipatory Bail?

April 14, 2016 2758 Views 0 comment Print

The necessity to grant anticipatory bail arises mainly because sometimes influential persons try to implicate their rivals in false case for the purpose of disgracing them or for other purpose by getting them detained in Jail for some

Concrete actions needed to advance global tax transparency

April 14, 2016 778 Views 0 comment Print

The OECD Secretary-General’s report proposes that the G20 take additional steps to ensure that all countries and jurisdictions immediately endorse and implement all global standards devised and implemented by the Global Forum on Transparency and the Exchange of Information for Tax Purposes.

Overseas Direct Investment– Rationalization & reporting of ODI Forms

April 13, 2016 5575 Views 0 comment Print

A new reporting format has also been introduced for Venture Capital Fund (VCF) / Alternate Investment Fund (AIF), Portfolio Investment and overseas investment by Mutual Funds as per the format in Annex II and Annex III. In case of reporting purchase and repurchase of ESOPs, the AD banks may continue to report the same in the existing format (Annex IV).

Overseas Direct Investment – Submission of Annual Performance Report

April 13, 2016 4489 Views 0 comment Print

The online OID application has been suitably modified to enable the nodal office of the AD bank to view the outstanding position of all the APRs pertaining to an applicant including for those JV / WOS for which it is not the designated AD bank. Accordingly, the AD bank, before undertaking / facilitating any ODI related transaction on behalf of the eligible applicant, should necessarily check with its nodal office to confirm that all APRs in respect of all the JV / WOS of the applicant have been submitted;

Revised Criteria for Issue of Rupee denominated bonds overseas

April 13, 2016 1177 Views 0 comment Print

In order to have consistency regarding eligibility of foreign investors in corporate debt, the criteria for investors and location for issuance of these bonds has been modified. The Rupee denominated bonds can only be issued in a country and can only be subscribed by a resident of a country: that is a member of Financial Action Task Force (FATF) or a member of a FATF- Style Regional Body; and

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