GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-I) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI 100 02 No. F.3(3)/Fin(Rev-I)/2016-17/dsvi/148 Dated the 09-05-2016 NOTIFICATION Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do; Now, therefore, in… Read More »
Feedback on Arrear Demand Verification Portal – (10-05-2016) The Income Tax Department has launched an “Arrear Demand Verification Portal at https://incometaxindiaefiling.gov.in/ which can be accessed by the assessees with their respective user-id. This portal provides various options in the assessee’s dashboard for settling/modifying the outstanding demand against the assessee’s name. Since a substantial portion of… Read More »
The Institute of Chartered Accountants of India Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) 1. Objective and Scope Objective 1.1 The objective of this Guidance Note is to recommend the accounting treatment by entities dealing in ‘Real Estate’ as sellers or developers. The term ‘real estate’… Read More »
Preparation of Panel of Chartered Accountants/Firms having experience for Forensic Auditing – (10-05-2016) Central Bureau of Investigation (CBI) has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments. Chartered Accountants firms having prior sufficient experience and expertise in forensic auditing may submit their details at the… Read More »
Press Information Bureau Government of India Ministry of Shipping 10-May-2016 Repealing/Rescinding of Six Rules Under the Merchant Shipping Act, 1958 The Ministry of Shipping, in accordance with the Government’s commitment to do away with obsolete laws which hinder efficient governance, has notified the final rescinding of the following six rules under the Merchant Shipping Act,… Read More »
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 14(R)/2016-RB May 02, 2016 Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA.14/… Read More »
7 NBFCs surrender their Certificate of Registration to RBI Date : May 10, 2016 The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act,… Read More »
Date : May 09, 2016 Ease of Doing Business in India: RBI seeks Stakeholders’ Views on Proposed Change in Forex Rules to mandate Demat holding of Securities by Non-residents on Repatriation Basis It is proposed to amend the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 to… Read More »
Date : May 09, 2016 RBI to issue ₹ 1000 banknotes with inset letter ‘R’ The Reserve Bank of India will shortly issue ₹ 1000 denomination banknotes in the Mahatma Gandhi Series – 2005 with the inset letter ‘R’ in both the number panels. The banknotes will also have on the obverse, all the other… Read More »
Mineral concession rules 2016 The Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 prescribe the procedures for regulating the grant of mineral concessions and for purposes connected therewith. The provisions of these rules cover (i) Rights of existing holders of mineral concessions, (ii) Mineral concessions granted through auction, (iii) Terms and… Read More »