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12 FAQs on Tax & Investment- Pradhan Mantri Garib Kalyan Yojana 2016

January 18, 2017 10801 Views 0 comment Print

Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) provides an opportunity to persons having undisclosed income in the form of cash or deposit in an account maintained with a specified entity

Dept of Consumer Affairs issues an advisory on fraudulent e-mails

January 18, 2017 790 Views 0 comment Print

It has come to the notice of Department of Consumer Affairs, Government of India that consumers are receiving e-mails from fraudulent people asking for payment as security amount, etc. on behalf of this Department.

CBDT notifies CDEX Investor (Client) Protection Fund Trust U/s. 10(23EC)

January 18, 2017 1228 Views 0 comment Print

Central Government hereby specifies the NCDEX Investor (Client) Protection Fund Trust (PAN: AABTN7481R) set up by the National Commodity and Derivatives Exchange Limited, Mumbai a commodity exchange, for the purposes of the said clause for the assessment year 2013-14 and subsequent assessment years.

FAQs on MTSS Remittances & Rupee Drawing Arrangement

January 18, 2017 2827 Views 0 comment Print

(Updated as on January 18, 2017) Remittances are an important source of family and national income and also are one of the largest sources of external financing. Beneficiaries in India can receive cross-border inward remittances through banking and postal channels. Banks have general permission to enter into a partnership with other banks for conducting remittance […]

Clarification on Indirect Transfer provision under Income Tax Act, 1961

January 18, 2017 1870 Views 0 comment Print

Circular No. 41/2016 was issued on 21.12.2016 which dealt with clarification on Indirect Transfer provisions. After the issue of the aforementioned circular, representations have been received from various FPIs, FIIs, VCFs and other stakeholders.

No collaboration with tainted UK based Note Printing Company: Govt

January 18, 2017 1024 Views 0 comment Print

There have been reports in media stating that Union Govt has compromised national interest by collaborating with a tainted UK based Note Printing Company.

Consolidated FDI Policy Circular 2017- Invite comments from stakeholders

January 18, 2017 2266 Views 0 comment Print

Comments/ suggestions on ‘Consolidated Foreign Direct Investment Policy Circular of 2016’ are invited from stakeholders by 27/01/2017 for consideration.

Top Five Areas of Concern after Demonetization in Bank Concurrent Audits

January 18, 2017 7327 Views 2 comments Print

One of the community most affected by demonetization after common men and bankers would be bank auditors. Most of the auditors are dwelling in confusion after so many notifications of government of India and RBI.

EOI for appointment of Internal Auditor in IRCON International Ltd.

January 17, 2017 1537 Views 0 comment Print

Expression Of Interest (EOI) are invited from Firms/LLP of Chartered / Cost Accountants to conduct the Internal Audit in IRCON International Limited for FY 16-17 (period 01.12.2016-31.03.2017). (Four weeks period required for scrutiny of applications from opening date i.e. 31/01/2017) Submission Date: 31/01/2017:17:30 hrs. Opening Date: 01/02/2017:09:00 hrs. Link to Apply Online http://www.ircon.org/TenderDetail.aspx?val=IRCON%2fFIN%2fIA%2fAppointments%2f16-17%2fJan+17  

Rule 114E: Reportable Transactions & Guidelines for Preparation of SFT

January 17, 2017 157429 Views 6 comments Print

Nature and value of transactions to be reported under Rule 114E and General Guidelines for Preparation of Statement of Financial Transactions (SFT)

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