The nature/properties of one commodity differs from another, thereby not all commodities may be suitable for the commodity derivatives trading. It is prudent that before allowing any derivatives contract on any commodity, the appropriateness / usefulness of commencing futures trading in products (not necessarily of just commodities), needs to be ascertained.
Institute of Chartered Accountants of India is pleased to announce that MAY 2017 Intermediate (IPC) and Final examinations will be held on dates given below
Digital payment promotion gets a boost-More than 3.81 lakh consumers and 21,000 merchants win prizes worth Rs.60.90 crore at Digi-Dhan Melas
Principal place of business will be place mentioned in registration certificate irrespective of the location of books and accounts. However, definition of place of business defined section 2(74) clears that it can be place where books of accounts are being kept.
The Central Government earmarked close to Rs 20 lakh crore on the expenditure head of the Budget for 2016-17. It would be safe to assume that for the financial year 2017-18, the total expenditure to be allocated by Finance Minister Mr Arun Jaitley would be between Rs 22 lakh crore and Rs 23 lakh crore. This would be about 14 per cent of India’s Gross Domestic Product at current prices.
Sec.55 of revised GST Act lays down procedure for removal of goods for job work. It states that a registered taxable personmay, under intimation and subject to conditions as may be prescribed , send any inputs and / or capital goods , without payment of tax , to a job worker for job-work.
Yes. Its that time of the year again when the common man, the salaried person looks out to what’s in store for them – concessions, rebates. The Union Budget for the next fiscal shall be announced early this year on February 1, 2017 and the common man awaits.
The Government has revised its target of renewable energy capacity to 175 GW by end of 2022, making it the largest expansion in the world and providing plenty of opportunities for investors.
The Gems and Jewellery sector in India is one of the largest in the world and contributes to about 29% of the global consumption. In FY 2014-15, the sector constituted 13.30% of the country’s total merchandise exports. India is the largest diamond processing center in the world and accounts for 95% of world’s processed diamonds.
Oil & Gas sector is a key contributor to Indias economy. India is the third largest consumer of crude oil and petroleum products globally accounting for 4.5 % of world oil consumption in 2015, behind US and China. India’s refining capacity is 230 MMTPA (Million Metric Tonnes Per Annum).
