CBDT vide its notification no 93/2015 dated 16th December 2015 substituted the old rule 37BB with entirely new rule 37BB. The new rule 37BB incorporates the following procedures for furnishing of declarations on foreign payments. FURNISHING OF FORM 1
Section 139(1) relating to appointment of auditor is widely misunderstood.After coming into force of the Companies Act,2013, many companies including big listed companies and many auditors and Company Secretaries have started to follow the provisions
The CBDT has amended Rule 37 BB of the Income-tax Rules and made notable changes which are as under:i. No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do not requiring RBI approval under its LRS.ii. Furthe
And the rates are hiked�..as expected and the way most predicted- nominal, indicating further hikes at a gradual pace.The US Federal Reserve for the first time in almost a decade increased the benchmark rate for federal funds by 25 basis point
Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT (though in diluted form) w.e.f. 1-4-2005. These inclu
The definition of �input service� under Cenvat Credit Rules, 2004 has been amended drastically w.e.f. April 2011 and because of such amendments, majority of interpretations and settled posi
Securities and Exchange Board of India (�SEBI�) in terms of power conferred under SEBI Act, 1992 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (�Listing Regulatio
As the Japanese Prime Minister Shinzo Abe concluded his 3 days official visit to India, my limited mindset forced me to go a bit dipper into India and Japan relations and with the help of few of my friends, we written an article covering some of the
While body language in the social set-up is much less important, considering the casual nature of such environs, professionally, a slack body language is a big deal breaker. It projects you as somebody with low or no confidence, non-reliable and leth
Why are the student�s failing in Group 2 ?More than 40% of students who have passed Group 1 in first attempt in Exam are failing repeatedly in Group 2.Below are my observations on what is happening around and the keys to deadlocks. Getting Ove
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English