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Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres (IFSC)

May 17, 2017 654 Views 0 comment Print

Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 were notified on March 27, 2015, which came into force on April 01, 2015 wherein currency derivatives were specified as permissible securities in which dealing may be permitted by stock exchanges in IFSC.

Announcement for ICAI-CAMPUS (August-September, 2017) Aspirants

May 17, 2017 1338 Views 0 comment Print

Completion of GMCS is mandatory for taking part in ICAI Campus Placement Programme, meant for Newly Qualified CAs. Accordingly, to cater to the needs of the Students appearing for the Final Examination in May’2017 but are yet to complete GMCS Course, adequate arrangement has been made by the Board of Studies.

Welfare of the Soldiers

May 17, 2017 906 Views 0 comment Print

Man behind the machine must also be well oiled. This has been the mission of the NDA government since last three years. When weapon systems and equipments worth millions of dollars are acquired, Jawans and Officers taking care of them for their effective use during combat, must also be hale and hearty.

Railway catering services not exempt from sales tax: Bombay HC

May 17, 2017 1686 Views 1 comment Print

The only contention and which has prevailed throughout is that the departmental catering service being a property of the Union of India through General Manager, Western Railway, it squarely falls within the exemption provision and particularly carved out by Article 285 of the Constitution of India. That exempts property of the Union from the State taxation.

Compliance on Cancellation of Registration under Revised GST Law

May 17, 2017 3849 Views 0 comment Print

At present, the manufacturers/dealers registered under the Central Excise Act, 1944 have the option to surrender their registration if they intend to close their operations but there is no liability or legal compliance to be discharged on cancellation of the registration. However, the situation is not same in the proposed GST regime as the assessee is required to discharge tax and is also required to file final return under section 40 of the Revised GST Law.

Modus operandi adopted by tax evaders during demonetisation

May 17, 2017 17058 Views 3 comments Print

This document presents the strategy and current status of Operation Clean Money. It intends to explain the Income-tax Department’s approach to verification of cash deposits as a means to promote and enhance voluntary compliance. It also contains a section on the different modus operandi adopted by tax evaders as observed and documented by the Department for future use and guidance.

Analysis of cash deposits during 9th Nov to 30th Dec 2016

May 17, 2017 8421 Views 0 comment Print

Article Provide an overview of share of cash deposits (during the period 9thNov to 30thDec 2016) for various taxpayer and business segments.

Mandatory filing of Statement of Financial Transactions (SFT) on or before 31st May, 2017

May 17, 2017 47217 Views 10 comments Print

Statement of financial transaction in respect of specified transactions registered or recorded in the Financial Year 2016-17 is to be filed on or before 31st May, 2017.

EPFO to settle claims in 10 days & grievance in 15 days

May 17, 2017 2211 Views 1 comment Print

Shri Bandaru Dattatreya launches EPFO’s Citizens’ Charter 2017 & e-court management system Citizens’ Charter 2017 to bring transparency and accountability on the part of EPFO The Minister of State for Labour & Employment(IC), Shri Bandaru Dattatreya launched EPFO’s Citizens’ Charter 2017 and e-court management system in Bangalore, today. Citizens’ Charter 2017 is an attempt to […]

FM Launches Operation Clean Money Portal; 5.68 lakh new cases identified

May 17, 2017 2043 Views 0 comment Print

The Union Minister of Finance, Shri Arun Jaitley, launches Operation Clean Portal; Will enable citizen engagement for creating a tax compliant society and transparent tax administration

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