Daily Archives: November 8, 2016

GST Portal Live Now (India)

By | November 8, 2016

GST Portal India Govt of India has made the website of GST portal live . Link is  https://www.gst.gov.in/ Check -GST Enrolment Plan for your State The schedule of the enrolment activation drive for states is given below. We encourage you to complete the enrolment during the specified dates. However, the window will be open till… Read More »

GST Enrolment Plan State Wise : Announced by Indian Govt

By | November 8, 2016

Dates for Enrolment Plan for your State for GST The schedule of the enrolment activation drive for states is given below. We encourage you to complete the enrolment during the specified dates. However, the window will be open till 31/01/2017 for those who miss the chance. State /India GST Material    What is GST? How… Read More »

Form 26QB filing and Correction procedure (TDS on Property)

By | November 8, 2016

Form 26QB Summary of Form 26QB As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1,… Read More »

Procedure to generate Form 16B?

By | November 8, 2016

Form 16B As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1%… Read More »

FEMA Transfer or Issue of Security by Person Resident outside India- (Sixteenth Amendment) Regulations 2016

By | November 8, 2016

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 4th November, 2016 No. FEMA. 379/2016-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Sixteenth Amendment) Regulations, 2016 G.S.R. 1042(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47… Read More »

Hedging Clarifications by RBI for External Commercial Borrowings

By | November 8, 2016

RBI/2016-17/110 A.P. (DIR Series) Circular No. 15 November 07, 2016 To All Category-I Authorised Dealer Banks Madam / Dear Sir External Commercial Borrowings (ECB) – Clarifications on hedging Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.i and 3 of A.P. (DIR Series) Circular No.56 dated March 30, 2016 and paragraph… Read More »