The Government has launched ‘e-Sahyog’ project on a pilot basis. It is aimed at reducing compliance cost, especially for small taxpayers. The objective of ‘e-Sahyog’ is to provide an online mechanism to resolve any mismatch or discrepancy in information as per Income-tax return of the tax payer viz-a-vis information received through AIR, CIB, TDS Statements […]
Reserve Bank of India (RBI) through its Master Circular dated 1.12.2015 (available on its website www.rbi.org.in) has issued consolidated instructions/guidelines on credit card, debit cards/pre-paid card operations of banks. The said instructions contain detailed terms under which a debit card may be issued, inter-alia, advising banks as under:
The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The scheme is effective from April 1, 2015. The details of the scheme are enclosed.
As 2015 Diwali memories have clinched to our memory storehouse and with CA exams being recently concluded a few weeks back, I ponder over how tough it must have been for the guys who were battling it out in the examination hall defying all odds when others were busy celebrating, including me.
We have all been through the rigours of pursuing CA and we know how tough it is to handle various situations which need us to push our limits beyond our capabilities. We can put forward several such examples to prove it like studying late night hours (burning the midnight oil), being dedicated to our task and putting all our efforts all throughout to clear the exams in the very next attempt
The existing Accounting Standards which were notified under the Companies Act 1956 under the Companies (Accounting Standards Rules) 2006 have to be notified afresh under Section 133 of the Companies Act, 2013. Certain existing Accounting Standards which were notified in 2006 contain ‘Transitional Provisions’
Notification No. 57/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on import of all kinds of plastic processing or injection moulding machines, also known as injection presses used for processing or moulding of plastic materials, having clamping force not less than 40 tonnes and not more than 1000 tonnes for a period of five years
Notification No. 56/2015-Customs (ADD)- Seeks to levy definitive anti-dumping duty on Phthalic Anhydride, originating in, or exported from Japan and Russia for a period of five year
Notification No. 55/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on Melamine Tableware and Kitchenware products originating in, or exported from the Peoples Republic of China, Thailand and Vietnam for a period of five year.
Circular No. 30/2015-Customs duty DRI has pointed out difficulty being faced in implementing guidelines and accordingly has suggested suitable amendments. The matter has been examined in Board. Accordingly, it has been decided that the following cases investigated by DRI shall be assigned to Additional Director General (Adjudication), DRI:
