Daily Archives: February 2, 2017

Demonetization – Impact and Challenges -Panel Discussion Video

By | February 2, 2017

PANEL DISCUSSION ON IMPACT & CHALLENGE OF DEMONETIZATION Published on Feb 1, 2017 Indian National Bar Association Under The Patron-Ship Of Shri KTS Tulsi Organised A National Conference On Criminal Justice In India & Debate On Impact & Challenge Of Demonetisation . The conference has been attended & graced by Shri KTS Tulsi, Senior Advocate… Read More »

FEMA – Powers to compound contraventions delegated by RBI

By | February 2, 2017

Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) – Compounding of Contraventions under FEMA, 1999 RBI/2016-17/220 A.P. (DIR Series) Circular No. 29 February 02, 2017 To All Category- I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules)… Read More »

Category: RBI

RBI Reviewed Guidelines on Pricing of Credit

By | February 2, 2017

RBI/2016-17/219 DNBR.CC.PD.No. 084/22.10.038/2016-17 February 02, 2017 To All NBFC-MFIs, Madam/Sir, Review of Guidelines on “Pricing of Credit” As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction – Non-Banking Financial Company-Systemically Important Non-Deposit taking Company and Deposit taking… Read More »

RBI cautions users of Bitcoin or any Virtual Currencies

By | February 2, 2017

Date : Feb 01, 2017 The Reserve Bank of India had cautioned the users, holders and traders of Virtual Currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to, vide its press release dated December 24, 2013. The Reserve Bank of India advises… Read More »

Digital payment promotion schemes – 6.26 lakh people win prizes of Rs.97.07 crore

By | February 2, 2017

Over 6.26 lakh people win prizes worth Rs.97.07 crore as a part of NITI Aayog’s Digital payment promotion schemes More than 6,26,000 people have won prizes worth Rs. 97.07 crore as a part of NITI Aayog’s digital payment promotion schemes to give a boost to cashless economy across the country till since 25th December last… Read More »

New Benefits for National Pension System Subscribers in Union Budget 2017-18

By | February 2, 2017

New Benefits announced for NPS Subscribers in Union Budget 2017-18 In a bid to provide further impetus to the National Pension System (NPS), the following provisions have been introduced in the Finance Bill 2017 laid down in the Parliament today. Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A)of… Read More »

Exchange Rate of Foreign Currency w.e.f 03.02.2017

By | February 2, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.5/2017-CUSTOMS (N.T.), dated 19thJanuary, 2017, except as respects things done or omitted… Read More »

Highlights of Indirect Tax Proposals – Union Budget 2017-18 by ICAI

By | February 2, 2017

Highlights of Indirect Tax Proposals Union Budget 2017-18 SERVICE TAX Amendments effective from 02.02.2017 Amendment in Mega Exemption Notification No. 25/2012 ST dated 20.06.2012 Services provided or agreed to be provided by the Army, Naval and Air Force Group Insurance Funds by way of life insurance to members of the Army, Navy and Air Force… Read More »

Highlights of Tax Proposals – Union Budget 2017-18 by ICAI

By | February 2, 2017

Highlights of Tax Proposals Union Budget 2017-18 DIRECT TAX PROPOSALS BUSINESS TAXATION The threshold limit for audit of business entities who opt for presumptive income scheme proposed to be increased from Rs. 1 crore to Rs. 2 crore. This is a clarificatory amendment. [ Read Tax Audit Limit for Presumptive Taxation w.e.f AY 2017-18 ] The threshold… Read More »