Facts of the Case The assessee in the relevant assessment year 2009-10 was in the process of setting up a thermal power generation plant at Maithon, Jharkhand. It applied to the Ministry of Power, Government of India for grant of mega power status which was under examination during the assessment year 2009-10. The project was… Read More »
Issued by Accounting Standards Board The Institute of Chartered Accountants of India Exposure Draft Accounting Standard (AS) 8 Accounting Policies, Changes in Accounting Estimates and Errors Last date for the comments: 7th December, 2015
Issue :- Interpretation of the term ‘annual turnover’ as it finds mention in the Explanation after paragraph 3 of Schedule III to the Securities & Exchange Board of India (Stock Brokers & Sub-brokers) Regulations, 1992 (for brevity, ‘the Regulations’). The aforesaid Explanation reads as follows : “Explanation. – For the purpose of paragraphs 1, 2 and… Read More »
Clarification regarding leviability of service tax in respect of Seed Testing with effect from 01.07.2012 Circular No.189/8/2015-Service Tax F. No. 354/279/2015-TRU Government of India Department of Revenue Central Board of Excise & Customs New Delhi New Delhi, the 26th November, 2015 To Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief Commissioners of Central… Read More »
Securities and Exchange Board of India CIRCULAR CIR/CDMRD/DEA/03/2015 … Read More »
Date : Nov 26, 2015 RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2015’ The Reserve Bank of India today released the web publication ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs)’ as on the last Friday of the quarter ending September 2015 (i.e. September 25, 2015).… Read More »
Date : Nov 26, 2015 Reserve Bank of India releases the Annual Report of the Banking Ombudsman Scheme 2006: 2014-15 The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2014-2015. The Banking Ombudsman Scheme was established by the Reserve Bank in 1995 to provide speedy solutions… Read More »
Date : Nov 26, 2015 The Reserve Bank of India today released, on its website, the data related to the 2014-15 round of Survey on International Trade in Banking Services. The annual survey on International Trade in Banking Services (ITBS) provides information on the branches/subsidiaries of Indian banks operating abroad and foreign banks operating in… Read More »
RBI/2014-15/246 DNBS (PD).CC.No.03/03.02.02/2015-16 November 26, 2015 All Non Banking Financial Companies Dear Sir, Online Returns to be submitted by NBFCs- Revised Please refer to our Master Circular no DNBS.IT.CC.No.01/24.01.191/2015-16 dated July 01, 2015 on Returns to be submitted by NBFCs. 2. It has been decided to rationalize the returns’ to be submitted online through COSMOS… Read More »
RBI/2015-16/247 DBR.BP.BC.No.55/21.04.172/2015-16 November 26, 2015 All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Bank Finance to Factoring Companies Please refer to our circular DBOD.BP.BC.No.40/21.04.172/2012-13 dated September 11, 2012 on “Bank Finance to Factoring Companies”, in terms of which banks were advised that they can extend financial assistance to support the factoring business of Factoring Companies complying with… Read More »