Monthly Archives: October 2016

Financial inability to pay is Sufficient cause to seek condonation of delay: HC

By | October 7, 2016

HIGH COURT OF KARNATAKA Concept Hydro Pneumatic (P.) Ltd. v. Commissioner of Central Excise, Bangalore II Commissionerate JAYANT PATEL AND S.N. SATYANARAYANA, JJ. CENTRAL EXCISE APPEAL NO. 1 OF 2016 AUGUST  24, 2016 R. Dakshina Murthy, Adv. for the Appellant. K.V. Aravind, Standing Counsel for the Respondent. JUDGMENT   Jayant Patel J. – Admit. 2.… Read More »

USA-IRS Advises Taxpayers to Prepare for Hurricanes, Floods and Other Natural Disasters

By | October 7, 2016

IRS Advises Taxpayers to Prepare for Hurricanes, Floods and Other Natural Disasters October 5, 2016 IRS YouTube Videos Preparing for Disasters: English | Spanish | ASL WASHINGTON —The Internal Revenue Service today offered advice to taxpayers who may be affected by storms or other natural disasters. The IRSalso reminded taxpayers that the agency is here… Read More »

Category: USA

USA-WSDLs for Tax Year 2016

By | October 7, 2016

Subject:  Affordable Care Act Assurance Testing System (AATS) Information Returns Tax Year 2016/Processing Year 2017 Tax Year 2016 ACA AATS will open for testing on November 7, 2016 for Information Returns that will be processed in 2017. Special instructions about the functionality of AATS will be included on the AIR Program page. A2A Channel users: As a… Read More »

RBI asked banks to ready to submit data under IDPMS

By | October 7, 2016

RBI/2016-17/78 A.P. (DIR Series) Circular No. 05 October 06, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Import Data Processing and Monitoring System (IDPMS) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.65 dated April 28, 2016 read with Section 5 of the Foreign Exchange Management… Read More »

RBI Revised Reporting System for Priority Sector Lending

By | October 7, 2016

Priority Sector Lending – Revised Reporting System RBI/2016-2017/79 FIDD.CO.Plan.CO.BC.No.17/04.09.001/2016-17 October 6, 2016 The Chairman / Managing Director / Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Madam/Dear Sir, Priority Sector Lending – Revised Reporting System Priority Sector guidelines were revised vide circular FIDD.CO.Plan.BC.54/04.09.01/2014-15 dated April 23, 2015. Accordingly, quarterly and annual monitoring… Read More »

RBI Operating Guidelines for Payments Banks

By | October 7, 2016

RBI/2016-17/80 DBR.NBD.No.25/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Payments Banks Madam / Dear Sir, Operating Guidelines for Payments Banks Please refer to the Guidelines for Licensing of Payments Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals/ licences were issued to the applicants for setting up of the payments banks. 2. The… Read More »

RBI Operating Guidelines for Small Finance Banks

By | October 7, 2016

RBI/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Small Finance Banks Madam / Dear Sir, Operating Guidelines for Small Finance Banks Please refer to the Guidelines for Licensing of Small Finance Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals / licences were issued to the applicants for setting up of the… Read More »