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EXPLANATORY NOTES ON PROVISIONS RELATING TO TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS AS PROVIDED IN CHAPTER VI OF THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015

EXPLANATORY NOTES ON PROVISIONS RELATING TO TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS AS PROVIDED IN CHAPTER VI OF THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 Introduction THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME tadalafil roemmers AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 (referred to here as …

EXPLANATORY NOTES ON PROVISIONS RELATING TO TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS AS PROVIDED IN CHAPTER VI OF THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 Read More »

Direct tax Recent Judgments and Case Laws

INCOME TAX ACT SECTION 10A FREE TRADE ZONE Reassessment : Where section 10A exemption was allowed during assessment proceedings after examining return and accompanying document, reassessment to deny said exemption after expiry of 4 years is not justified unless there is allegation that facts were not truely and fully disclosed – (2015) 57 taxmann.com 36 …

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Remuneration to managerial person under Schedule XIII of the Companies Act, 1956 – Clarification with regard to payment for period,

Remuneration to managerial person under Schedule XIII of the Companies Act, 1956 – Clarification with regard to payment for period,   The Ministry of Corporate affairs has issued General Circular no. Tee Shirt Versace Boxer Calvin Klein Al Mayor 07/2015 dated 10th April, 2015 to provide clarification on the matter relating to the payment period …

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Interest Rates on deposits

Interest Rates on deposits Please refer to our circulars DBOD. No. Tanga Calvin Klein Dir.BC.36/13.03.00/98 dated April 29, 1998, DBOD. Calvin Klein Bañadores Hombre No. Calvin Klein Tanga Dir.BC.07/13.03.00/2001-02 dated August 11, 2001 and DBOD. Boxer Calvin Klein Outlet No. Comprar Ropa Interior Calvin Klein Dir. BC.74/13.03.00/2012-13 dated January 24, 2013 in terms of which …

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Changes Applicable From 01/06/2015

INCOME TAX Form 15CA needs to be filled all the transaction with non-resident [Sec 195(6)] – For all Import Transactions – For all credit card transactions – For all transaction with Non-resident even if payment is made to an Indian Bank account – For all the transactions related to payment of Interest, Royalty and Fee …

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RBI/FEMA- (Rupee Drawing Arrangement – Increase in trade related remittance limit)

Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I to the A.P. (DIR Series) Circular No. 28 [A. Calvin Klein Ropa Interior Mujer P. (FL/RL Series) Circular No. 02] dated February 6, 2008 on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency …

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A note on the ER-4, ER-5, ER-6, and ER-7 returns

Introduction ER-4, ER-5, ER-6 and ER-7 returns are to be filed by the assessee in addition to the ER-1/ER-3 which is regularly filed by the assessee registered under the Central Excise. However ER-4,ER-5 and ER-6 are to be filed by the certain specified assessee only. Provision for filing of the ER-4, ER-5, ER-6 and ER-7 …

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Guidelines for Issue of Commercial Paper

1. Introduction Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. CP, as a privately placed instrument, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors. …

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Service Tax Updates

Reverse charge mechanism on Supply of Manpower Vis-à-vis Recruitment of Manpower Applicability of reverse charge mechanism: Supply of Manpower Vis-à-vis Recruitment of Manpower Prior to the introduction of negative list under Service tax, which came to effect from 01st July, 2012, service tax was levied on “Manpower Recruitment or Supply Agency services”, under section 65(105)(k) …

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Revised Guidelines for Concurrent Audit System in Commercial Banks

Revised Guidelines for Concurrent Audit System in Commercial Banks RBI/2015-16/133 DBS.CO.ARS.No. BC. 2/08.91.021/2015-16 (A) Scope of concurrent audit Concurrent audit is an examination which is contemporaneous with the occurrence of transactions or is carried out as near thereto as possible. It attempts to shorten the interval between a transaction and its examination by an independent …

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