RBI Working Paper* Series No. 1/2017 : How Asset Prices Interact with Bank Credit and Monetary Policy? By Bhupal Singh and Avadhoot R. Nadkarni The Reserve Bank of India placed on its website today a Working Paper titled “How Asset Prices interact with Bank Credit and Monetary Policy? Evidence from Emerging Market and Developing Economies“.… Read More »
SUPREME COURT OF INDIA Siddharth Mehta v. Union of India DIPAK MISRA AND AMITAVA ROY, JJ. WRIT PETITION (CIVIL) NO. 1013 OF 2016 DECEMBER 16, 2016 ORDER 1. Heard Mr. Dhruv Kapur, learned counsel for the petitioner in the presence of petitioner who is personally present. 2. The present writ petition is preferred under Article… Read More »
ARN – Application Reference Number What is ARN? ARN is the Application Reference Number generated after the submission of the enrolment application with E-Sign or Digital Signature (DSC). It is a unique number assigned to each transaction completed at the GST System Portal. Note the ARN can be used for future correspondence with GSTN. What… Read More »
REGIONWISE LIST OF EXAMINATION CENTRES – CS EXAMINATIONS JUNE, 2017 EAST NORTH SOUTH WEST 1. BHUBANESWAR 1. AGRA 1. BANGALORE 1. AHMEDABAD 2. DHANBAD 2. AJMER 2. BELGAUM 2. AHMEDNAGAR 3. GUWAHATI 3. ALIGARH 3. CALICUT 3. AKOLA 4. HOOGHLY 4. ALLAHABAD 4. CHENNAI 4. AMRAVATI 5. HOWRAH 5. ALWAR 5. COIMBATORE 5. AURANGABAD 6.… Read More »
Challans to be used for Income tax payments Type of Challans to be used for tax payments Challan Description ITNS 280 For depositing Advance tax, Self Assessment tax, Tax on Regular Assessment, Surtax, Tax on Distributed Profits of Domestic Company and Tax on Distributed income to unit holders. ITNS 281 For depositing TDS/TCS by company… Read More »
All you wanted to know about NBFCs (Updated as on January 10, 2017) A. Definitions 1. What is a Non-Banking Financial Company (NBFC)? A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or… Read More »
Exposure Draft of Ind AS XBRL Taxonomy As per the roadmap issued by the Ministry of Corporate Affairs (MCA) in February 2015, certain class of companies have to prepare their financial statements as per Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards (IFRS) w.e.f F.Y. 2016-17. MCA has also notified… Read More »
The Rules regarding Condonation of delay in submission of Forms related to various regulations of the Chartered Accountants Regulations, 1988. Documents to be submitted in case of delay in submission of following Forms:
The direct tax collections up to December, 2016 are at Rs. 5.53 lakh crore which is 12.01% higher than the net collections for the corresponding period last year. For details Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 09 January, 2017. Direct Tax Collections up to… Read More »
Initiatives to Increase Non-Fare Revenue and To Promote Ease of Ticketing Through Digital Transactions Launched Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated the following policy initiatives viz., Policy Initiatives of Increasing Non Fare Revenue like Out of Home Advertisement, Content on demand, Branding of Trains, Non-fare Revenue Policy, ATM Policy and Initiatives promoting ease… Read More »