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RBI And FEMA Interest Rate Futures (Reserve Bank) (Amendment) Directions, 2015

Notification No. FMRD.DIRD.09 /ED(CS) – 2015 dated June 12, 2015 Interest Rate Futures (Reserve Bank) (Amendment) Directions, 2015 The Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of the powers conferred by section 45W of the Reserve Bank …

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Direct Tax recent Judgments and Updates

Cost Inflation Index for Financial Year 2014-15 notified – Capital Gain Section 48 [223 TAXMANN (st) 137] The Central Government vide Notification No. 31/2014, notified the Cost of Inflation Index as “1024” for the Financial Year 2014-15. DTAA – Agreement for Exchange of Information with respect to taxes of Foreign Countries – Principality of Liechtenstein …

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Indirect Taxes Recent Judgements

CENTRAL EXCISE ACT SECTION 4 VALUATION UNDER CENTRAL EXCISE – TRANSACTION VALUE Clearances of ‘motor vehicles parts’ manufactured by job-worker for use in manufacture of ‘motor vehicles’ by principals, would be valued as per rule 11 and valuation rules 8 and 9 cannot apply thereto –(2015) 57 taxmann.com 299 (SC)   SECTION 5A EXEMPTIONS – …

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