The areas covered under VAT in France includes continental France, Corsica, the Principality of Monaco, territorial waters, the continental shelf and the départements of Guadeloupe, Martinique and La Réunion.
Nothing invigorates one than a small chat when one returns from other countries. Being a CPA from USA, I invariably invoke the recent tax challenges taken up by the American government for reducing its taxation rate for its tax payers. Just looking at other countries’ position on basic taxation rates itself is an exhaustive exercise. But the motivation to undertake this write up came from a young professional who returned from New York along with myself in an Air India flight. Obviously, at a young age, he has lived in China, France, and others who would give him visa in future, Japan, in particular
Reserve Bank of India vide its circular dated May 18, 2017 has issued detailed guidelines on branch expansion of banks. 1. Scope These guidelines are applicable to all domestic Scheduled Commercial Banks (excluding Regional Rural Banks), Small Finance Banks, Payment Banks, and Local Area Banks. These are effective from May 18, 2017. A banking outlet is defined for any of the above-mentioned banks is a fixed-point service delivery unit manned by its staff or its Business correspondents where deposits, encashment of checks or lending operations are undertaken for a minimum of 4 hours per day and for a minimum of 5 days a week. The branch has to clearly indicate its time of operation, its controlling offices telephone, address and the working hours clearly. No disruption in working hours is expected.
This is a water shed moment in Indian banking when not a day passes without mentioning of how a few borrowers took the banks to unknown territory on non-recovery, reluctance on part of banking executives, particularly in nationalized banks, not to extend financing activities due to excessive zeal shown by parliament, central vigilance officials or the news writers who curse every one for the poor health of the banking system. It is also fashionable to blame the poor banking executives for all the evils of the economic scene.
Recently In a nationalized bank with representations from all over the world, diversity reflected when a Kashmiri reminisced the golden leaves of Chinar trees, picking up of millions of saffron flowers to make the mysterious saffron spice, the free-flowing Jhelum river
The first part deals extensively the grants, scholarships, loans or other assistance available for students who are American citizens or Green card holders who want to pursue their education either for under graduation or higher education like Master programs.
I have informed in my earlier article published on 30th August, 2016 titled ‘IFRS convergence to Ind AS – Banking scene’ that banks would submit on Sept 30,2016, Proforma Ind AS financial statements in terms of RBI guidelines dated June 23, 2016, to RBI.
It is a common debate among accounting professionals that Partnership firms in U.S.A. would solve all the problems and that they would recommend their clients to have the same structure for business.
Insurers are supposed to adopt (Ind AS) as per above timelines though they would have been sending proforma (Ind AS) financial standards to IRDA from the quarter ended December 31, 2016 onwards.
It is very common to hear the following situation anywhere between any two enlightened Ph.Ds. or retired senior citizen or two bank customers renewing their fixed deposits, discussing heatedly, of late, about the rapid falling in rate of commercial banks’ rate of interest, notwithstanding the happy news of the Prime Minister’s assurance on 8% interest on deposits for seniors.
