Completion of Internal Procedures for the Revised Double Taxation Avoidance Agreement (DTAA) between India and Cyprus notified; Revised DTAA to come into effect in India in the fiscal year beginning on or after 1st April, 2017; Will enable source based taxation of capital gains on shares, except in respect of investments made prior to 1st… Read More »
GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, THURSDAY, DECEMBER 15, 2016 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, 15th December, 2016 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) REGULATIONS, 2016 IBBI/2016-17/GN/REG005.-In exercise of the powers conferred by sections 5, 33, 34, 35, 37, 38, 39, 40,… Read More »
Regulations relating to Liquidation Process INSOLVENCY AND BANKRUPTCY BOARD OF INDIA 15th December, 2016 Subject: Regulations relating to Liquidation Process The Insolvency and Bankruptcy Board of India (Board), in exercise of its powers conferred under section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified today the Insolvency and Bankruptcy Board of India… Read More »
IBBI – Limited Insolvency Examination (31st December, 2016 to 30th June, 2017) 1. Is this examination mandated under any law and for what purpose? Yes. This examination is mandated under the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory… Read More »
The registration for Limited Insolvency Examination is open today_15th December 2016. For registration click here.
Guide to BANK AUDIT 3rd Edition 2016 by C.A.Kamal Garg Guide to Bank Audit Covering *Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to advances *Loans and Advances *Guarantees and Co-acceptances *Guidelines on Wilful defaulters *Housing Finance *KYC norms *Guidelines for Concurrent Audit System in Commercial Banks *LFAR *Format of Audit reports for… Read More »
Airtel Payments Bank rolls out pilot services in Karnataka Over 12,000 neighborhood Airtel retail outlets in towns and villages across Karnataka will also act as banking points and offer convenient banking services to customers Interest rate of 7.25% p.a. on savings account deposits; Personal Accidental Insurance of Rs. 1 Lac with every Savings Account Customers to… Read More »
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 148/2016-CUSTOMS (N.T.) New Delhi, 15th December, 2016 S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being… Read More »
Circular No. 1051/39/2016-CX F. NO. 209/10/2013-CX.6 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS North Block, New Delhi Dated the 15th of December, 2016 To, The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All) The Director General (All) Sub: Export warehousing-Extension of facility in Ahmedabad District of… Read More »
Section 115BBE of Income tax Act after Taxation Law Amendment Act 2016 115BBE. of Income Tax Act after Taxation Laws (Second Amendment) Act, 2016 received the Assent of President on 15.12.2016 [ Note-1 ] [Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section… Read More »