A company involved in clinical research and manufacture of bio-products could not be accepted as valid comparable in case of software development services Provider IN THE ITAT BANGALORE BENCH ‘A’ Mindteck (India) Ltd. v. Income-tax Officer, Circle 12 (1), Bangalore N.V. VASUDEVAN, JUDICIAL MEMBER AND ABRAHAM P. GEORGE, ACCOUNTANT MEMBER IT (TP) APPEAL NO. 1082 (BANG.)… Read More »
Due date for filing of Form DP-1 under DVAT further extended to Dec 31, 2015
Date : Nov 24, 2015 RBI grants “in-principle” approval to three applicants for setting up Trade Receivables Discounting System (TReDS) In the Union Budget for 2015-16 the Honourable Union Finance Minister had highlighted the need for and use of TReDS for improving flow of funds to MSME sector by reducing the receivables realisation cycles. TReDS… Read More »
RBI grants ‘in-principle’ approval to NPCI to function as the central unit for Bharat Bill Payment Systems (BBPS) Date : Nov 24, 2015 The Reserve Bank of India has today decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in… Read More »
RBI/2015-16/245 IDMD.CDD.No. 1157/14.04.050/2015-16 November 24, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 A reference is invited to circular IDMD.CDD.No. 939/14.04.050/2015-16 dated October 30, 2015 on Sovereign Gold Bond scheme. 2. It has been decided to shift the issue date of the Sovereign Gold Bond… Read More »
Travel insurance What is Travel Insurance Policy ? Travel Insurance offers insurance protection while you travel. Travel Insurance may be called by different names by insurance companies. It is important for you to check and understand whether the policy covers domestic travel or overseas travel or both. Travel Insurance protects you and/or family against travel… Read More »
What is Cloud Serivce ? A cloud service is any resource that is provided over the Internet. What are the Types of Cloud Services ? The most common cloud service resources are 1.Software as a Service (SaaS), 2.Platform as a Service (PaaS) 3.Infrastructure as a Service (IaaS) What is Software as a Service (SaaS)? In… Read More »
Brief Facts of the case are :- Up to the AY 1991-92, the Assessee had two types of holdings: one as current assets held as ‘stock-in-trade’ and the second as ‘investments’. Admittedly, as on 31st March, 1991, the Assessee held shares of the value of Rs. 18.59 lacs as investments and Rs. 82.55 lacs as… Read More »
Following Notification Seeks to amend Notification No. 10/2008 – Customs, dated 15th January 2008, so as to deepen the tariff concessions in respect of specified goods under the Comprehensive Economic Co-operation Agreement (CECA) between India and Singapore, when imported from Singapore [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION… Read More »
Govt of India invites comments on Trade mark Rules 2015 within 30 days from 17.11.2015