Monthly Archives: April 2016

Concentration of Credit / Investment Norms not apply to systemically important NBFC

By | April 8, 2016
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RBI/2015-16/363 DNBR (PD) CC.No.077/03.10.001/2015-16 April 7, 2016 All Systemically Important Non- Deposit accepting or Holding Non-Banking Financial Companies (NBFC-NDSI) Madam/ Sir, Applicability of Concentration of Credit/ Investment Norms In terms of second proviso to sub para (1) of para 24 of the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)… Read More »

Category: RBI

Priority Sector Lending Certificates : RBI Guidlines

By | April 8, 2016
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RBI/2015-16/366 FIDD.CO.Plan.BC.23/04.09.01/2015-16 April 7, 2016 The Chairman/ Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (including Regional Rural Banks)/ Urban Co-operative Banks/ Local Area Banks] Dear Sir/ Madam, Priority Sector Lending Certificates Please refer to Para VIII of Circular FIDD.CO.Plan.BC 54/04.09.01/2014 – 15 dated April 23, 2015 on Priority Sector Lending – Targets and… Read More »

How to Search on Google

By | April 8, 2016
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Audit objection

Search on Google Q : How to use  Punctuation & symbols while doing Search on Google ? Punctuation & symbols Even though you can use the punctuation marks below when you search, including them doesn’t always improve the results. If Google don’t think the punctuation will give you better results, you’ll see suggested results for that search without… Read More »

No TDS on leasehold rights payment for long period say 99 years

By | April 8, 2016
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Issue Whether the upfront payment made by an assessee, under whatever name including premium, for the acquisition of leasehold rights over an immovable property for a long duration of time say 99 years, could be taken to constitute rental income at the hands of the lessor, obliging the lessee to deduct tax at source under… Read More »

Smart Pumps for Farmers and Energy Efficient Fans

By | April 8, 2016
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After Energy Efficient Bulbs, Government Launches National Programmes for Smart Pumps for Farmers and Energy Efficient Fans –          Vijayawada to be the first city to implement the National Energy Efficient Fan Programme –          EESL will distribute 2 lakh Smart SIM-enabled Agricultural Pumps sets free of cost to the farmers in AP In order to make… Read More »

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

By | April 8, 2016
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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.41/2016-CUSTOMS (N.T.), dated 17th March, 2016, except as respects things done… Read More »

Startup- Generally Asked Questions

By | April 7, 2016
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Startup 1.For Startups What qualifies as a “ Startup ” for the purpose of Government schemes? An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be considered a “Startup” – a) Upto 5 years from the date of its incorporation/ registration, and b) If its turnover for any of the… Read More »