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PAN / TAN to be applied compulsorily with fresh incorporation application

January 19, 2017 6634 Views 0 comment Print

Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017.

Nature & value of SFT transactions to be reported under Rule 114E

January 19, 2017 3829 Views 0 comment Print

Rule 114E o specifies that statement of financial transaction required to be furnished under section 285BA(1) of the Act shall be furnished in Form No. 61A.

Stewardship Code for Insurers in India

January 19, 2017 1630 Views 0 comment Print

Authority has selected a set of Principles of Stewardship to be adopted by the Insurers as institutional investors. The principles are intended to strengthen the role of insurers as stewards on behalf of the policyholders

Cabinet approves repealing of obsolete and redundant laws

January 18, 2017 1432 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Repealing and Amending Bill, 2017 to repeal 105 Acts.

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

January 18, 2017 11104 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 943 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 1423 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 3571 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 2068 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 5668 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.

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