Category Archives: other Acts

Stamp duty expenses etc. incurred for obtaining loan is revenue expenditure

By | July 6, 2016

[1966] 60 ITR 52 (SC) SUPREME COURT OF INDIA India Cements Ltd. v. Commissioner of Income-tax K. SUBBA RAO, J.C. SHAH AND S.M. SIKRI, JJ. CIVIL APPEAL NO. 1106 OF 1964 DECEMBER  8, 1965 A.V. Viswanatha Sastri, R. Venkataraman and R. Gopalakrishnan for the Appellant. S.T. Desai, Gopal Singh, B.R.G.K. Achar and R.N. Sachthey for… Read More »

RBI Master Direction on Risk Management and Inter-Bank Dealings

By | July 6, 2016

RBI/FMRD/2016-17/31 FMRD Master Direction No. 1/2016-17 July 5, 2016 To, All Authorised Dealers – Category I Banks Madam / Sir, Master Direction – on Risk Management and Inter-Bank Dealings In exercise of the powers conferred by clause (h) of sub-section (2) of section 47 of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999),… Read More »

Download DISA Exams Sample Question papers with answers

By | July 4, 2016

DISA exam Sample Question papers with answers (Diploma in Information System audit) We are attaching herewith the  Sample Question Papers for DISA Exams. This will help you to prepare for DISA ET and AT. It is recommend that those appearing for DISA Exams or pursuing the same  to go through all  sets of Question Papers as… Read More »

Every depository to maintain Wind-down Plan

By | July 3, 2016

GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MAY 27, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (THIRD AMENDMENT) REGULATIONS, 2016 No. SEBI/ LAD-NRO/GN/2016-17/007- In exercise of the powers conferred by Section 30… Read More »

PVAT 2013 extended to Chandigarh with modifications

By | July 2, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 29th June, 2016 G.S.R. 636(E).—In exercise of the powers conferred by section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966), the Central Government hereby extends to the Union territory of Chandigarh, the Punjab Value Added Tax… Read More »

Ban lifted on direct or indirect export to Iran or import from Iran

By | July 2, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 29 June, 2016 No. 13/2015-2020 Subject: Amendment in Para 2.18 of Foreign Trade Policy (FTP) 2015-2020 S.O. 2236(E).— In exercise of the powers conferred by Section 5 of the… Read More »

Procedure for authorization for export to Iran of specified items in SCOMET list.

By | July 2, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) PUBLIC NOTICE New Delhi, the 29th June, 2016 No. 19/2015—2020 Sub: Insertion of sub-para VIII in paragraph 2.74 (Inter-Ministerial Working Group) in Handbook of Procedures 2015-2020 F. No.01/091/171/39/AM07/PC-III (EC).— In exercise of powers… Read More »

Master Direction – Operational Guidelines for Primary Dealers

By | July 1, 2016

RBI/IDMD/2016-17/29 Master Direction IDMD.PDRD.01/03.64.00/2016-17 July 1, 2016 All Primary Dealers Dear Sir / Madam Master Direction – Operational Guidelines for Primary Dealers The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) with respect to their operations. TheMaster Direction enclosed incorporates the updated guidelines/instructions/circulars on… Read More »

RBI Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs

By | July 1, 2016

RBI/DBS/2016-17/28 DBS.CO.CFMC.BC.No.1/23.04.001/2016-17 July 01, 2016 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs Please refer to our letter DBS.CO.CFMC.BC.No.1/23.04.001/2015-16 dated July 01, 2015 forwarding the Master Circular on… Read More »