Daily Archives: July 8, 2016

Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities

By | July 8, 2016

SEBI (“Securities & Exchange Board of India”) has issued a new Circular bearing No. CIR/CFD/FAC/62/2016 dated July 05 (in pursuance of SEBI Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015) , on formats for Financial Results to be submitted by the listed entities henceforth and implementation of Ind-AS by listed entities during the first year which… Read More »

Tax defaulter information for Income Declaration Scheme 2016

By | July 8, 2016

DIRECTORATE OF INCOME TAX (SYSTEMS) ARA CENTRE, GROUND FLOOR, E-2, JHANDEWALAN EXTENSION, NEW DELHI-110 055 F. No. DGIT(S)/ADG(S)-2/IDS/128/2016-17/ Dated 5.07.2016 To The Pr. Chief Commissioner of Income Tax (CCA), Ahmedabad/Bangalore/Bhopal/Bhubaneswar/Chandigarh/Chennai/Delhi /Guwahati/ Hyderabad/ Jaipur/Kochi/Kolkata/Kanpur/Lucknow/Nagpur/Mumbai/Patna/Pune The Commissioner of Income tax (Computer Operations & Admn) Sir/Madam, Subject: Useful information for Income Declaration Scheme, 2016 Kindly recall the video… Read More »

FASTag on fast track: Crosses 10,000

By | July 8, 2016

FASTag on fast track: Crosses 10,000 The sale of FASTag, cashless payment mechanism on toll plazas on National highways has crossed 10,000 mark in the month of June 2016. The monthly transaction through Electronic Toll Collection during the month has crossed Rs.1.0 crore. NHAI has rolled out cashless payment mechanism (FASTag) on toll plazas on… Read More »

Empanelment of Artists/Events with Ministry for Festivals of India Abroad

By | July 8, 2016

M/O Culture Invites Proposal /Application for Empanelment of Artists/Events with Ministry for Festivals of India Abroad Ministry of Culture (MoC) is responsible for conducting Festivals of India (FoIs) abroad as part of focused strategy for strengthening international cultural relations and enhancing India’s soft power. This scheme was revived by the Ministry in 2013. The events… Read More »

30.8% growth in Indirect tax collection for 1st quarter of 2016-17

By | July 8, 2016

Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8%       The figures of indirect tax collection for the 1st quarter of current  fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is… Read More »

RBI amended Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)

By | July 8, 2016

RBI/2016-2017/11 DBR.AML.BC.No.1/14.01.001/2016-17 July 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs) In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that… Read More »

Entry of foreign law firms in India :in-principal agreement

By | July 8, 2016

The government has set the ball rolling to liberalise legal services, and allow entry of foreign law firms in India. In a meeting chaired by secretary, ministry of law and justice, on Tuesday, there was in-principal agreement among various stakeholders that included representatives of The Bar Council of India, the legal fraternity, and the sector,… Read More »