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Wake up call! 30th November 2015! Get your annual returns certified at the earliest

November 27, 2015 1749 Views 0 comment Print

What the new Act say? Who needs certification and who can do? Signing requirement for Annual returns? One person Company and Small Company – By CS or Director. Listed Companies and Other Companies having Paid up 10 Cr or More or having turnover 50 Cr or more – by Director and CS and Certified by PCS. Other than above Companies – By Director and CS – if no CS then PCS

Note on Performance Licenses in India

November 27, 2015 1417 Views 0 comment Print

Under the Copyright Act, 1957, it is mandatory to take a phonographic performance license for playing pre-recorded music in a public place, irrespective of commercial or non-commercial nature of the establishment or event. Any communication or playing of pre-recorded music in commercial establishments like hotels, bars, cafes, gyms, restaurants, offices, shopping malls, airplanes and taxi or non-commercial places like college campus for concerts, fetes, festivals, etc requires license from the Phonographic Performance Ltd (PPL).

Why we Need Swachh Bharat Cess (SBC) In India?

November 27, 2015 3806 Views 0 comment Print

In today’s scenario, all are discussing about Swachh Bharat Mission which was launched by Prime minister, Narendra Modi with the aim to improve the sanitation in rural and urbn areas so that the overll quality of life improves. Since its launch govt. has made substantial expenditure on the programme. With the objective to finance and Promote Swachh Bharat initiatives, the central Government has decided to impose an additional cess called the SWACHH BHARAT CESS (SBC).

ALP adjustment for notional interest on account of excess credit period is untenable in law

November 27, 2015 2053 Views 0 comment Print

ITAT Ahmedabad held In the case of Micro Ink Limited. Vs. ACIT that such interest is includible in operating income and the operating income itself has been accepted as reasonable under method TNMM, there cannot be an occasion to make adjustment for notional interest on delayed

Format for financial results for listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares

November 27, 2015 2578 Views 0 comment Print

In order to enable investors to make well-informed investment decisions, timely, adequate and accurate disclosure of financial results on a periodical basis is critical. At the same time, to ensure comparability, uniformity and parity in disclosures made by listed entities across stock exchanges, is essential.

ICAI releases Exposure Draft of Accounting Standard 8, Accounting Policies, Changes in Accounting Estimates and Errors for comments

November 27, 2015 1402 Views 0 comment Print

Exposure Draft of the Accounting Standard (AS) 8, Accounting Policies, Changes in Accounting Estimates and Errors (Comments to be received by December 07, 2015)

Government provides further Indirect Tax Incentives to Domestic Shipbuilding Industry

November 27, 2015 742 Views 0 comment Print

The Government has decided to provide further indirect tax incentives for domestic shipbuilding industry. Accordingly, the Central Government has issued Notification Nos. 44/2015-Central Excise, 45/2015-Central Excise, 54/2015-Customs and 55/2015-Customs all dated 24.11.2015 so as to provide the following indirect tax incentives to the aforesaid industry:

Format for statements/reports to be submitted to Stock Exchange(s) by listed entity which has listed its securitised debt instruments

November 27, 2015 661 Views 0 comment Print

CIRCULAR No. CIR/IMD/DF1/10/2015 Regulation 82(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifies that the listed entity shall submit statements/reports to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time.

Sovereign Gold Bond Scheme gets Overwhelming response

November 27, 2015 920 Views 0 comment Print

Overwhelming response received from the retail investors for Sovereign Gold Bond Scheme (SGB) ; 63,000 applications received for a total of Rs 246.20 crore by the Banks and Post Offices for 917 kgs of gold; Number of decisions taken to improve the reach of Gold Monetisation Scheme (GMS).

Systems Alert for monitoring realisation of export proceeds: CBEC

November 27, 2015 5017 Views 0 comment Print

F. No. 609/59/2012-DBK Systems Alert for monitoring realisation of export proceeds in EDI under the BRC Module for ICES (introduced in year 2009) and the new RBI BRC Module introduced under DG (Systems) letter dated 28.8.2014

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