Monthly Archives: December 2016

Know how to transact using UPI apps (English Video)

By | December 22, 2016

Know how to transact using UPI apps (English) Did you know that the you can pay with your name! Create your Virtual Payment Address (VPA) (eg. yourname@abcbank) on any Unified Payments Interface (UPI) app of your choice and start transacting today. [Related Post How to do Cashless Transactions -SBI Pay App- Payment without cash] Now You… Read More »

Know how to transact using UPI apps (Hindi Video)

By | December 22, 2016

Know how to transact using UPI apps (Hindi) Did you know that the you can pay with your name! Create your Virtual Payment Address (VPA) (eg. yourname@abcbank) on any Unified Payments Interface (UPI) app of your choice and start transacting today. [Related Post How to do Cashless Transactions -SBI Pay App- Payment without cash] Now You… Read More »

TDS not deducted on Payment to Non Resident – Notice to be issued in Reasonable time

By | December 22, 2016

Facts of the Case In engaging the non- resident entities for interconnections, some charges were accrued – which were paid by the Petitioner to those foreign entities.. The respondents issued the Show Cause Notice dated 31.03.2011, for the period F.Y. 2001-2002 to 2010-2011, to the Petitioner asking it to show cause as to why it… Read More »

Service Tax paid because Client refused to Pay – Allowed Expenses under Section 37 of Income Tax

By | December 22, 2016

Facts of the case Some of the clients of the Respondent-Assessee did not pay the service tax as required in terms of the invoice for onward payment to the Government of India. In these circumstances, the Respondent- Assessee paid the service tax payable under the Finance Act, 1994 out of its own resources and claimed… Read More »

Depositories shall provide transaction data of promoters/group on daily basis SEBI

By | December 22, 2016

CIRCULAR CFD/DCR/CIR/2016/139 December 21, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Nationwide Stock Exchanges Dear Sir/Madam, System-driven Disclosures in Securities Market 1. SEBI, vide circular dated December 01, 2015, had introduced the system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with… Read More »

Companies Act 2013 -Govt delegates powers to Regional Directors u/s 458

By | December 22, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 19th December, 2016 S.O. 4090(E).—In exercise of the powers conferred by Section 458 of the Companies Act, 2013 (18 of 2013), and in supersession of the notification of the Government of India, in the Ministry of Corporate Affairs, dated the 10th July, 2012, published in the Gazette… Read More »

Notification No.08/2013-Customs -Anti-dumping duty on imports of Soda Ash

By | December 22, 2016

Notification No.08/2013-Customs (ADD) dated 18.04.2013 amendment Seeks to rescind notification No.08/2013-Customs (ADD) dated 18.04.2013. This notification has been issued since the time limit of three months for issuing the notification is ending shortly. However, the operation of the said rescinding notification shall remain in abeyance, till the final decision of the Hon’ble High Court of… Read More »

Only 1% Indians pay Income Tax: NITI Aayog CEO

By | December 22, 2016

Chief Executive Officer of NITI Aayog Amitabh Kant today said just one per cent of India’s more than 1.25 billion population pays Income Tax and the country cannot afford as high as 95 per cent of its economy making cash transactions. Addressing a Workshop on Cashless Transaction organised by the National Disaster Response Force (NDRF),… Read More »