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Changes in RTGS timing from 1st September 2015

September 1, 2015 3045 Views 0 comment Print

RTGS will not be operated on second and fourth Saturdays but would operate for full day on working Saturdays. Processing of future value dated transactions with value date falling on second and fourth Saturdays will not be undertaken under RTGS.

Delhi VAT- Submit Form DP-1 online by 30-09-2015

August 31, 2015 685 Views 0 comment Print

In exercise of the powers conferred on me by sub-section (1) read with sub-section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 30/09/2015.

Reporting requirement under Foreign Account Tax Compliance Act and Common Reporting Standards

August 28, 2015 1135 Views 0 comment Print

Government of India has notified the amendments to Income Tax Rules (Rules) vide notification dated August 7, 2015 (copy attached) and have added Rule 114F (definitions), 114G (Information to be maintained and reported) and 114H (due diligence requirement) for operationalisation of IGA and CRS.

Companies (Management and Administration) Amendment Rules, 2015

August 28, 2015 2423 Views 0 comment Print

Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014, namely Companies (Management and Administration) Amendment Rules, 2015

Revisesd procedure for Detection and reporting of Counterfeit Notes

August 27, 2015 585 Views 0 comment Print

The procedure for detection of counterfeit notes has been reviewed in consultation with the Government and it has been observed that certain modifications are required for bringing improvement in reporting of counterfeit notes and facilitating maintenance of records by banks. Accordingly, the changes in the instructions are advised as under:

Govt. notifies revised norms on Digital Signature

August 25, 2015 1940 Views 0 comment Print

G.S.R. 660(E).—In exercise of the powers conferred by section 87 of the Information Technology Act, 2000 (21 of 2000), the Central Government hereby makes the following rules, namely:—

Form No. 61B Filing Procedure- Statement of Reportable Account

August 25, 2015 29108 Views 1 comment Print

Notification No. 3/2015 – Income Tax In exercise of the powers delegated by Central Board of Direct Taxes (‘Board’) under Sub rule (9)(a) and 9(b) of Rule 114G of the Income tax Rules 1962, the Principal Director General of Income-tax (Systems) lays down the procedures, data structure and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies as under:

Jurisdiction of ACIT or JCIT under Black Money Act

August 24, 2015 767 Views 0 comment Print

Notification No. 73/2015 – Income Tax Dated- 24th August 2015 Jurisdiction of Additional Commissioners of Income-tax or the Joint Commissioners of Income-tax under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

PTI notified as a news agency for the purposes of Section 10(22B)

August 24, 2015 872 Views 0 comment Print

Notification No. 72/2015 – Income Tax Income Tax Notification No. 72/2015 new Dated: 24-8-2015 The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2016-17 to 2018-19

Onions export subject to MEP of US$ 700 F.O.B. per MT

August 24, 2015 337 Views 0 comment Print

Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton or as notified by DGFT from time-to-time.

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