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Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives

September 21, 2017 717 Views 0 comment Print

Attention of Authorized Dealer Category– I (AD Category-I) banks is invited to circular no. FMD. MSRG. No. 75/02.05.002/2012-13 dated March 13, 2013 on the captioned subject wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for reporting FCY- INR and FCY- FCY forward and options trades between AD Category-I banks and their clients

EPFO commences Real Time Monitoring System for Exempted Establishments

September 21, 2017 1821 Views 1 comment Print

EPFO has implemented online filing of returns by exempted establishments. Subsequent to the introduction of the new software, real time monitoring of exempted establishments has also commenced. It is required that all the exempted establishments/employers are required to file the statutory online returns in time i.e. on or before 25th of the month following that to which it relates.

Clarification to SEBI (IFSC) Guidelines, 2015- Liquidity Enhancement Scheme

September 21, 2017 621 Views 0 comment Print

SEBI vide circular SEBI/HO/MRD/DSA/CIR/P/2017/95 dated August 10, 2017 has granted exemption to stock exchanges at IFSC from complying with clauses 5.1 and 5.2 of SEBI circular dated April 23, 2014 subject to certain conditions.

Rate of exchange of conversion of foreign currency WEF 22.09.2017

September 21, 2017 1323 Views 0 comment Print

Rate of exchange of conversion of the foreign currency with effect from 22th September, 2017- Notification No. 90/2017 – Customs (N.T.) dated: 21th September, 2017

GSTN system is not working upto level & needs correction: Rajasthan HC

September 20, 2017 2751 Views 1 comment Print

Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements.

Lodging of tax arrear claims and impleading as a party before NCLTs

September 20, 2017 1461 Views 0 comment Print

The Directorate looks after the cases of sick companies which require rehabilitation/ resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIER) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

DGFT notifies important changes in the Duty Exemption Schemes

September 20, 2017 1656 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments in Hand Book of Procedures 2015-2020 as under

Addition U/s. 69 justified for Excess gold recovered from employees

September 20, 2017 1041 Views 0 comment Print

Where assessee did not explain satisfactorily about excess gold found from his employee’s possession, addition made under section 69 was as such, rightly made.

ICAI: Shifting from one Elective Paper to another under Revised Scheme of Education and Training

September 20, 2017 1224 Views 0 comment Print

Students of Final (New) Course may please note that under the Revised Scheme of Education and Training, the students will be required to opt one of the following Electives papers and the examination of these Electives will be Open Book and Case Study based.

GST : Composition Scheme can be availed till September 30, 2017

September 20, 2017 5787 Views 2 comments Print

GST : Small Traders/Manufacturers/Restaurants can now opt for availing the Composition Scheme till September 30, 2017 You can now opt for availing the Composition Scheme till 30th September, 2017 and avail its benefits from 1st October, 2017. Those with annual turnover upto Rs. 75 Lakh* can opt for Composition Scheme in which case the tax […]

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