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Launch of Property Return and Intimation module

October 21, 2016 5419 Views 0 comment Print

The Property Return and Intimation (PRI) module and related functionalities is available in ITBA HRMS Application w.e.f. 21.10.2016.

Client Creation Cost- Is it intangible asset entitled to depreciation @ 25%?

October 21, 2016 2935 Views 1 comment Print

Client acquisition cost paid by the appellant was towards acquiring an intangible asset and therefore eligible for depreciation under section 32(1)(ii) of the Act @ 25%.

A journey from failure to get an Exemption in ISCA..!!!

October 21, 2016 6298 Views 1 comment Print

It’s 26 Marks..!!! The result came out and it was the first attempt of CA Final Examination. I was so scared since the starting of final preparation as I had not that much time to do something special preparation for my least favourite subject ISCA. I genuinely wanted just 40 Marks to pass out the group. And I got 26.

All about Producer Company under Companies Act 2013

October 21, 2016 12916 Views 0 comment Print

Producer Company is a company registered under the Companies Act; 2013 and shall carry on any of the following activities: (i) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit;

Features of Sovereign Gold Bonds 2016-17 – Series III

October 20, 2016 2629 Views 0 comment Print

Sovereign Gold Bonds 2016-17 – Series III may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.

The Initiative factor! – Taking the First Step

October 20, 2016 1249 Views 1 comment Print

One may consider the initiatives given above as easy-sounding but doing is the hard part. Taking first step is the hardest of all. Metaphorically, it’s like a space satellite exerting tremendous effort and energy to launch itself off the earth.

Rebate of State Levies on Export of Garments-Reg.

October 20, 2016 655 Views 0 comment Print

Kind attention is invited to Circular No. 43/2016-Customs dated 31.8.2016 on the above cited subject. The field formations are informed for necessary action that with reference to Para 11 of the said Circular, the address of the Textile Commissioner for communication is Nishta Bhawan, New CGO Building, 48, New Marine Lines

Information in offer document/placement memorandum for InvITs

October 20, 2016 490 Views 0 comment Print

Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made in an offer document and placement memorandum respectively. The said disclosures, inter-alia, include disclosures for financial information of the InvIT as well as the Investment Manager and the Sponsor.

Foreign Portfolio Investors in Govt securities on NDS-OM platform

October 20, 2016 616 Views 0 comment Print

In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement.

Inclusion of ICDs located at Kalinganagar & Tumb Village

October 20, 2016 724 Views 0 comment Print

ICDs located at Kalinganagar and Tumb Village (Taluka Umbergaon, District Vaisad) are included under para 4.37 (a) Hand Book of Procedures (2015-2020) for availing export promotion benefits under Chapter 4 of Foreign Trade Policy.

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