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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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…