Time for a New Tax Calendar Watch the online webinar and learn how to use the 2017 IRS Tax Calendar for Businesses and Self-Employed to: Track federal tax due dates on a computer or mobile device Customize the online tax calendar Access the Desktop Calendar tool or IRS CalendarConnector
Indian subsidiary of Dutch holding company not “ permanent establishment ” in India The Delhi Bench of the Income-tax Appellate Tribunal held that an Indian subsidiary of the taxpayer—a Dutch group holding company, engaged in selling storage system equipment and products (including embedded software) and rendering certain services in India—is not a permanent establishment under provisions of the… Read More »
Tax treatment of payments for bandwidth on underwater sea cable The Delhi Bench of the Income-tax Appellate Tribunal held that payments received by the taxpayer (operating a call center) for bandwidth connectivity charges are not taxable as royalty payments or as “fees for technical services” under provisions of the Income-tax Act, 1961 or the India-United States income… Read More »
Exemptions expedited under employee deposit-linked insurance plan The Employees’ Provident Fund Organisation issued guidance concerning applications for expedited employee deposit-linked insurance exemptions. Read a February 2017 report [PDF 328 KB] of KPMG
RBI/2016-17/233 A. P. (DIR Series) Circular No.31 February 16, 2017 To All Authorised Dealer Category – I Banks Madam/Sir Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. 4 of A. P. (DIR Series) Circular No. 60… Read More »
RBI/2016-17/232 FMRD.DIRD.13/14.01.019/2016-17 February 16, 2017 To, All Market Participants Madam/Sir, Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) – Withdrawal of Fortnightly return Attention is invited to the RBI notification ref. no. MPD.BC.187/07.01.279/1999-2000 dated July 07, 1999. As per the notification, banks were advised to submit a fortnightly return on FRA/IRS to Monetary Policy… Read More »
Inclusion of “Equitas Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 RBI/2016-17/230 DBR.No.Ret.BC.52/12.07.143A/2016-17 February 16, 2017 All Scheduled Commercial Banks Dear Sir, Inclusion of “Equitas Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Equitas Small Finance… Read More »
The Reserve Bank of India has today placed on its website for public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. The comments/ suggestions/ feedback, if any, may be sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central… Read More »
Professional Approach to Direct Taxes Law & Practice, 35e, 2 Volumes for A.Y. 2017-2018 by Dr Girish Ahuja Dr Ravi Gupta A comprehensive and critical study of the law relating to Income-tax written in a unique, simple, easy to understand language that enables a quicker grasp for the reader. The book is “user-friendly” and provides information… Read More »
Financial Reporting with Ind AS & Accounting Standards Set of 2 Vol For CA – Final Applicable For May 2017 Exams by Parveen Sharma Parveen Sharma Book Financial Reporting with ind AS and Accounting Standards set of 2 volumes By Parveen Sharma is fully updated for May 2017 CA final Exam,Examination conducted by institute of chartered… Read More »