Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister; On the Revenue Neutral Rate (RNR), the Committee recommends the same in the range between 15 percent and 15.5 percent (Centre and states combined) with a preference for the lower end of […]
Some sections of the media have reported that Government will directly intervene to monetize the gold held by charitable, religious and other institutions. It is clarified that this is complete misinformation. The Gold Monetization Scheme is entirely voluntary and it is for individuals, institutions and others to take their own decision to monetize the gold held by them under the Scheme.
Yet again elongation of dates… Ever since the new MGT-7 has been introduced; there has been prevailing number of confusions in filing MGT-7.The said form is governed by Section 92(1) of the Companies Act, 2013 read with rule 11(1) of the Companies (Management and Administration) Rules, 2014, and is the Annual Return filed by every company for their respective financial year.
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
