Keep in Mind These Basic Tax Tips for the Sharing Economy If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in the sharing economy. The IRS now offers a Sharing Economy Tax Center. This site… Read More »
For Small Business Startups, IRS Explains New Option for Claiming Research Credit; Option Still Available for Those That Already Filed WASHINGTON –The Internal Revenue Service today issued interim guidance explaining how eligible small businesses can take advantage of a new option enabling them to apply part or all of their research credit against their payroll… Read More »
IRS Releases FY 2016 Data Book Showing Range of Tax Data, Including Service and Enforcement Changes WASHINGTON — The Internal Revenue Service today released the 2016 IRS Data Book, a snapshot of agency activities for the fiscal year. The 2016 IRS Data Book describes activities conducted by the IRS from Oct. 1, 2015, to Sept.… Read More »
Income tax offices to remain open till March 31, 2017 midnight to receive declarations under PMGKY Download Notification
Companies (Meetings of Board and its Powers) Amendment Rules 2017. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2017 G.S.R. 309(E).—In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of… Read More »
Date : Mar 30, 2017 RBI seeks comments on draft Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India – Extension of timeline The Reserve Bank of India has extended the time for receipt of comments/ suggestions/ feedback on draft Master Directions on issuance and operation of pre-paid payment instruments (PPIs)… Read More »
Date : Mar 30, 2017 The Reserve Bank of India today placed on its website the Technical Guidance Note on XBRL Returns – Harmonization of Banking Statistics. Background The Reserve Bank collects data in the form of returns from banks as part of statutory, regulatory, supervisory, policy and research requirements. Since the data is used… Read More »
RBI/2016-17/262 FIDD.CO.LBS.BC. No. 26/02.01.001/2016-17 March 30, 2017 The Chairmen and Managing Directors SLBC Convenor Banks Dear Sir, Assignment of Lead Bank Responsibility As per the Gazette of India Notification dated February 22, 2017, the merger of Associate banks with State Bank of India has been notified. The Order comes into effect on April 1, 2017.… Read More »
RBI/2016-17/264 DPSS.CO.PD No.2737/02.14.003/2016-17 March 30, 2017 The Chairman and Managing Directors / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks and Small Finance Banks / All Card Network Providers Dear Madam / Sir, Rationalisation of Merchant Discount Rate… Read More »
Date : Mar 30, 2017 It has been decided, in consultation with the Government of India, that the limit for Ways and Means Advances (WMA) for the first half of the financial year 2017-18 (April 2017 – September 2017) will be at ₹ 60,000 crore. The Reserve Bank may trigger fresh floatation of market loans… Read More »