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Recommended Books for CA Course – Withdrawal of Permission

May 17, 2014 1520 Views 0 comment Print

Recommended Books for Chartered Accountancy Course – Withdrawal of Permission – (09-05-2014) The Board of Studies of ICAI has decided to discontinue the practice of recommending Books to its students written by any author and hence has withdrawn its approval regarding recommendation of Books.

Related Party Transactions: Disclosure Regime in place of Approvals

May 17, 2014 6237 Views 0 comment Print

The regulator proposes to the person entering/ existed in the corporate world to COME WITH AN OPEN HEART. It is just like, while anybody moves to the Doctor/ Advocate for some treatment/ consultant, nothing should be undisclosed. The author is thinking the same keeping in the view the basis of the regulatory provisions been made under the Companies Act, 2013.

Seeks to levy provisional anti-dumping duty on imports of phenol, originating in or exported from Chinese Taipei and USA for a period of six months

May 16, 2014 484 Views 0 comment Print

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India

Notification No. 22/2014-Customs (ADD) Dated: 16.05.2014

May 16, 2014 643 Views 0 comment Print

The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.

Notification No. 21/2014-Customs (ADD), Dated: 16.05.2014

May 16, 2014 826 Views 0 comment Print

Whereas, the designated authority vide notification No.15/32/2013-DGAD dated 17th April, 2014, published in Gazette of India, Extraordinary, Part I, Section 1

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

May 16, 2014 916 Views 0 comment Print

Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement.

Mothers name on PAN card – New Form 49A & 49AA WEF 16.05.2014

May 16, 2014 45289 Views 19 comments Print

Notification No. 26/2014-Income Tax CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014 , Dated- 16-5-2014. Revised Form 49A and 49AA provides option to get printed Mothers Name on PAN card. So those applying for New PAN card or for revised PAN card have the option to get printed on their PAN card printed the name of his/her mother.

CIT to report Order Passed by him under section 264 to CCIT

May 16, 2014 3241 Views 0 comment Print

2. The statutory function under section 264 of the Act performed by the CIT is required to be reported by the CIT and also appraised by the supervisory Officers. Therefore, it has been decided to issue the following guidelines to be complied forthwith in respect of orders passed under section 264 of the Act:- a) The CIT shall prepare a brief of the orders passed under section 264 of the Act and report the same to the Principal Chief Commissioner of Income Tax/ Chief Commissioner of Income Tax (CCIT) in the monthly DO letter along with a copy of such order.

External Commercial Borrowings (ECB) from Foreign Equity Holder – Simplification of Procedure

May 16, 2014 2226 Views 0 comment Print

As per the extant ECB policy, ECBs from direct foreign equity holders (FEHs) are considered both under the automatic and the approval routes, as the case may be. ECBs from indirect equity holders and group companies and ECBs from direct FEH for general corporate purpose are, however, considered under the approval route. Further, any request for change of the ECB lender in case of FEH requires RBI’s approval.

7 things to know before selling a mutual fund

May 15, 2014 1971 Views 0 comment Print

Investing is not just about buying, but also about selling. Only when you sell do you generate returns from the investment. Sometimes, if you perceive your investments are not performing as you intended, you may wish to sell them. This is applicable for a mutual fund too. You may want to sell, and put the […]

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