Daily Archives: January 12, 2017

FORM N0. 61A -Download /Print

FORM N0. 61A -Download /Print FORM N0. 61A [ Substituted by the IT(Twenty-second Amdt.) Rules, 2015, w.e.f. 1-4-2016 and after Notification No G.S.R. 14(E) Dated 06.01.2017]] [See rule 114E] Statement of Specified Financial Transactions under section 285BA(1) of the Income-tax Act, 1961 PART A: STATEMENT DETAILS (This information should be provided for each Statement submitted together) Download FORM N0.… Read More »

Match & Settle Bill of Entry data with Outward Remittance Message : RBI to Authorised Dealer Banks

RBI/2016-17/212 A.P. (DIR Series) Circular No. 27 January 12, 2017 To All Category – I Authorised Dealer Banks Madam / Sir, Evidence of Import under Import Data Processing and Monitoring System (IDPMS) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 05 dated October 06, 2016 read with… Read More »

GST Video -Tax Credit (Capital goods, Services & input) including Matching Concept (5th Technical Session)

Tax Credit (Capital goods, Services & input) including Matching Concept (5th Technical Session) on 17/12/2016 by CA Kalyan Kumar Related Post  on GST Free Video GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical Session) GST Video- Valuation of Taxable… Read More »

MVAT- Date Extended for Audit Report in Form e-704 -2015-16

Office of the Commissioner of Sales Tax 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai 400 010. TRADE CIRCULAR No.VAT/MMB- 2015/72/Adm -8  Trade Circular No. 3 T of 2017 Mumbai, dated:- 11/01/2017 Sub: Filing of the VAT Audit Report in Form 704 for year 2015-16. Ref: Letter received from FD No. VAT 1517/CR 1/Taxation-1 dated 11.01.2017. Section… Read More »

India and Cyprus -Avoidance of Double Taxation Agreement w.e.f 01.04.2017 Notified

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th January, 2017 S.O.64(E).—Whereas, an Agreement and Protocol between the Government of the Republic of India and the Government of the Republic of Cyprus for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (hereinafter referred to… Read More »

Issue of Convertible Notes by Indian startup companies -FEMA regulations 2016 notified

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 10th January, 2017 No.FEMA.377/ 2016-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifteenth Amendment) Regulations, 2016 G.S.R. 16 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47… Read More »