Daily Archives: February 24, 2017

RBI Master Direction – Money Changing Activities (Updated as on February 22, 2017)

By | February 24, 2017

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on February 22, 2017) To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Money Changing Activities In terms of Section 10 of the Foreign Exchange Management Act, 1999, Reserve Bank authorises persons designated as Authorised Persons to deal in foreign… Read More »

Category: RBI

No TDS on Payment of lease premium for leasehold rights of 90 years u/s Sec. 194-I TDS

By | February 24, 2017

Held Question : what is the nature of the payments made towards lease. Do they constitute rent so as to attract Section 194-I? The court is of opinion that clearly these payments are not “rent”. That they are annual payments cannot be doubted. Yet, part of the payment is clearly capital in nature. Clause 1… Read More »

USA – IRS- What Non-U.S. Citizen Taxpayers Must Do , Rules for Tax Withholding Agents

By | February 24, 2017

IRS Reminds International Taxpayers of Tax Obligations; Clarifies Rules for Tax Withholding Agents WASHINGTON – The Internal Revenue Service today reminded non-U.S. citizens who may have taxable income, such as international students and scholars who may be working or receiving scholarship funds, that they may have special requirements to file a U.S. tax return. The… Read More »

Category: USA

Commentary on Lokpal and Lokayuktas Act – Book by Justice Narayana P.S

By | February 24, 2017

Commentary on the Lokpal and Lokayuktas Act  by Narayana P.S. (Author) In this short commentary, care has been taken to deal with the subject in a systematic way so that even a common man also may be able to follow the essentials of the legislation The Importance of the Lokpal and lokayuktas Act, 2013, Act… Read More »

Indian Accounting Standards – IND AS – 2017 Edition Book by taxmann

By | February 24, 2017

Indian Accounting Standards (Ind AS) (2017 Edition) by Taxmann  As Amended by Companies (Indian Accounting Standards)(Amendment) Rules 2016 916 pages Publisher: Taxmann Publications Pvt. Ltd.; 2017 Edition edition (2016) You can buy this Book for Rs 824. Click to buy this book online Contents of this book on Accounting Standatds. Companies (Indian Accounting Standards) Rules, 2015… Read More »

Aadhaar Mandatory for Individual receiving benefit of Maternity Benefit Programme

By | February 24, 2017

MINISTRY OF WOMEN AND CHILD DEVELOPMENT NOTIFICATION New Delhi, the 22nd February, 2017 S.O. 599(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly to them in a convenient and seamless… Read More »

Aadhaar Mandatory for person receiving salary under Child Protection Scheme

By | February 24, 2017

MINISTRY OF WOMEN AND CHILD DEVELOPMENT NOTIFICATION New Delhi, the 22nd February, 2017 S.O. 620(E).––Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly to them in a convenient and seamless… Read More »