Daily Archives: June 9, 2016

10 Unregistered investment advisers , Be aware : SEBI

By | June 9, 2016

PR No. 112/2016   SEBI cautions public to deal with only SEBI registered investment advisers and research analysts   The general public is hereby cautioned to deal with only SEBI registered investment advisers and research analysts for availing investment advisory services/ research services. The details of SEBI registered investment advisers and research analysts are available… Read More »

NRLM – Aajeevika – Interest Subvention Scheme

By | June 9, 2016

RBI/2015-16/420 FIDD.GSSD.CO.BC.No.26/09.01.03/2015-16 June 09, 2016 The Chairman / Managing Director All Public Sector Banks Dear Sir / Madam, National Rural livelihoods Mission (NRLM) – Aajeevika – Interest Subvention Scheme Please refer to our circular FIDD.GSSD.CO.BC.No.19/09.01.03/2015-16 January 21, 2016 enclosing guidelines on interest subvention scheme under National Rural Livelihoods Mission (NRLM). 2. In partial modification of… Read More »

Rectification of ITR (Income Tax Return) : FAQ’s

By | June 9, 2016

Rectification of ITR (Income Tax Return)   Can I make rectification or other correspondence with CPC in paper form? Answer: No What CPC reference number should I enter while filing Rectification request on incometaxindiaefiling.gov.in portal? Answer:You need to enter the Communication Reference Number as per the latest order/intimation received from CPC u/s 143(1) OR 154.… Read More »

Form 1 efiling steps -Income declaration scheme 2016

By | June 9, 2016

Form 1  for Income declaration scheme Introduction As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filed using Form for Income Disclosure – Form 1. As per Notification No. 33/2016, the other Forms accompanying Form for Income Disclosure – Form 1 are Form 2, Form 3 and Form 4. Form 2… Read More »

Income Tax Notice for non filing of Return ? Process

By | June 9, 2016

Income Tax Notice for non filing of Return when Income Tax Department (ITD) found mismatch in information shown in the Income Tax Return / non filing of income tax return with the information submitted from third parties in the form of Annual Information Return (AIR), TDS Statement etc., the cases were selected for scrutiny  and… Read More »

Derivatives Loss is not Speculative Loss u/s 73

By | June 9, 2016

Held  We have no difficulty in accepting the views of the Delhi High Court when they say that shares fall squarely within the Explanation to Section 73(4) but we are unable to agree when derivatives are treated at par with the shares because the legislature has treated them differently. HIGH COURT OF CALCUTTA Asian Financial… Read More »

Warehoused goods records to be in digital form only : CBEC

By | June 9, 2016

Maintenance of records in relation to warehoused goods in electronic form, filing of returns and acknowledgement of receipt of goods F. No. 484/03/2015–LC(Pt 1) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** Circular No 25/2016-Customs New Delhi, the 8th June 2016. To, All Principal Chief Commissioners Customs,… Read More »

Revalidation of Advance Authorizations along with Bond waiver

By | June 9, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 17/2015-2020 NEW DELHI DATED THE 08th JUNE, 2016 Subject: – Amendment in Para 4.47(a)(ii) of Hand Book of Procedures 2015-20 for allowing revalidation of Advance Authorizations along with Bond waiver. In exercise of powers conferred under… Read More »