Govt notifies tolerance limit of 1% and 3% under new Transfer pricing Rule
Govt notifies tolerance limit of 1% and 3% under new Transfer pricing Notification no 86/2015/F No 500/1/2014/-APA/II Dated 29 oct 2015 Click to View
Monthly Archives: October 2015
Taxation of income from off shore Rupee Denominated Bonds
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 29 th October, 2015 Subject: Taxation of income from off shore Rupee Denominated Bonds-reg. The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income… Read More »
Home Department to take action against erring investigating Officers for prosecuting innocent person: Supreme Court
Supreme Court of India State of Gujarat v. Kishanbhai Etc. [Criminal Appeal No. 1485 of 2008], 7th January, 2014 The Court held that “every acquittal should ordinarily lead to the inference,that an innocent person was wrongfully prosecuted” and it is “therefore, essential that every State should put in place a procedural mechanism, which would ensure… Read More »
DNA Test Report accepted by Supreme Court to determine fatherhood of child
Supreme Court of India Nandlal Wasudeo Badwaik v. Lata Nandlal Badwaik & Anr [Criminal Appeal No.24 of 2014], 6th January, 2014 The Court was confronted with a complex situation in which the DNA test report was in conflict with the presumption of conclusive proof of legitimacy of the child under Section 112 of the Evidence… Read More »
FAQ’s before invetment in public Issues and Rights Issues
Investment in public Issues/ rights issues SEBI.Gov.in (a) Where can I get application forms for applying/ bidding for the shares? Application forms for applying/bidding for shares are available with all syndicate members, collection centers, the brokers to the issue and the bankers to the issue. In case you intend to apply through new process introduced… Read More »
How to read Offer Document ?
Guide to understand an Offer Document This sub section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover Page Under this head full contact details of the Issuer Company, lead managers… Read More »
Understanding Book Building
Understanding Book Building (SEBI FAQ) (a) What is book Building? Book building is a process of price discovery. The issuer discloses a price band or floor price before opening of the issue of the securities offered. On the basis of the demands received at various price levels within the price band specified by the issuer,… Read More »
Applicability of provisions of Section 45 of Insurance Act in various scenarios
To all the Life Insurers Ref:IRDA/Life/GDL/MISC/186/10/2015 Date:28-10-2015 Applicability of provisions of Section 45 of Insurance Act 1938 in various scenarios After amendment to Section 45 of Insurance Act 1938 , we have been receiving queries from the Life Insurers with regard to the application of new provisions in various scenarios that can arise… Read More »
Point of Sales Person for Soliciting and marketing insurance policies : IRDA Guidlines
GUIDELINES ON POINT OF SALES PERSON CIRCULAR NO. IRDA/INT/GDL/ORD/183/10/2015, DATED 26-10-2015 The Authority has observed that there are number of persons who are involved in undertaking simple and routine activities pertaining to solicitation and marketing of insurance policies. For e.g. bulk of products in motor insurance, travel insurance, personal accident insurance, etc. require very little… Read More »
e Sahyog pilot project of the Income-tax Department
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 27th October, 2015 Subject:Finance Minister launches the“ e Sahyog ” pilot project of the Income-tax Department. The Income-tax Department is committed to the ‘Digital India’ initiative of the Government of India.The Finance Minister today launched an “ e… Read More »