Community & General News
RBI extends the Date for Withdrawal of Pre 2005 Series Banknotes
26 June 2015 at 10:36The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.Soliciting cooperation from me
Proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015
11 June 2015 at 10:47The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The proposed amendments to the Negotiable Instruments Act, 1881 (&ldquo
New thought paper released by IFAC tears down the risk management silo
01 June 2015 at 10:25With the increased volatility in the modern business environment and continuing effects of the financial and economic crises, effective management of risk in organizations�including good internal control�has taken on even greater importan
Draft scheme of the proposed rules for computation of arm length price
23 May 2015 at 16:21Draft Scheme of the Proposed Rules for Computation of Arm Length Price (ALP) of an International Transaction or Specified Domestic Transaction Uploaded on Finance Ministry’s Website for Comments and Suggestions by 31st May, 2015 The Finance (N
Finance Bill 2015 approved by President of India
18 May 2015 at 17:46Finance Bill 2015 approved by President of IndiaPlease refer to the attached file for details
Instruction for imposition of MAT on FII
14 May 2015 at 11:05Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to
Approval to amend the Benami Transactions (Prohibition) Act, 1988
14 May 2015 at 11:05As a sequel to the announcement in the Budget, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to amend the Benami Transactions (Prohibition) Act, 1988 by moving of the Benami Transactions (Prohibition) (Am
SIT recommends making tax evasion a crime
13 May 2015 at 10:32In Chapter III of Second SIT report, the SIT has recommended as under: “Financial Action Task Force (FATF) on money laundering recommends ‘tax crimes’ to be made a predicate offence so that action can be taken under Prevention of Mo
Special Examination in Kathmandu (Nepal)
07 May 2015 at 17:58TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA NOTIFICATION 6 th May, 2015 No. 13-CA (EXAM)/M/2015/I: - In continuation to the Institute�s Notification No. 13-CA (EXAM)/M/2015 dated 20th January, 2015, it is notified for the gene
Harder days for those involved in illegal money abroad says FM
02 May 2015 at 11:15FM: Harder Days for those Involved in Illegal and Illicit Transfer of Money Across the Border; Various Steps Taken by the Present Government to Squeeze the Black Money Including Undisclosed Assets Within and Outside the Country The Union Finance Min
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