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Taxclick Team, Author at All About Finance - Page 74 of 97

Taxclick TeamTaxclick Team

This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

FPIs permitted to invest in Government securities and such investments shall be kept outside the applicable limit of USD 30 billion – SEBI

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CIRCULAR  CIR/IMD/FIIC/2/2015  February 05, 2015  All Foreign Portfolio Investors   The Depositories (NSDL and CDSL)       2.      Accordingly, FPIs shall be permitted to invest in Government securities, the coupons received on their investments in Government securities. Such investments shall be kept outside the applicable limit (currently USD 30 billion) for investments by FPIs … Read more

CBDT notified Safe Harbour Rules for Specified Domestic Transactions

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[TO BE PUBLSIHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]  GOVERNMENT OF INDIA  MINISTRY OF FINANCE  DEPARTMENT OF REVENUE  [CENTRAL BOARD OF DIRECT TAXES]  Notification  New Delhi, the 4thFebruary, 2015  INCOME – TAX S.O.350 (E)In exercise of the powers conferred by sections 92CB and 92D read with section 295 of the Income-tax … Read more

New President and Vice President of the Institute of Company Secretaries of India (ICSI) for 2015

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CS Atul Hasmukhrai Mehta, President, The ICSI CS Atul Hasmukhrai Mehta is B.Com, BGL and a Fellow Member of the Institute of Company Secretaries of India. CS Mehta started his practice as founder of Mehta and Mehta in the 1996 and has been in the industry ever since. Initially, he has served the industry for … Read more

All about ATM and White Label ATM – FAQ

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Q. 1. What is an Automated Teller Machine (ATM)? Ans 1. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out other financial & non-financial transactions without the need to actually visit their bank branch. Q. 2. What are … Read more

Core Investment Companies – FAQ

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FOREWORD The Reserve Bank of India is entrusted with the responsibility of regulating and supervising the Non-Banking Financial Companies by virtue of powers vested in Chapter III B of the Reserve Bank of India Act, 1934. The regulatory and supervisory objective, is to: a) ensure healthy growth of the financial companies; b) ensure that these … Read more

Various Deposit Schemes available for Non-Resident Indians (NRI) and their features

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Features of various Deposit Schemes available for Non-Resident Indians (NRIs)1 Particulars Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account] Non-Resident (External) Rupee Account Scheme[NRE Account] Non-Resident Ordinary Rupee Account Scheme [NRO Account] (1) (2) (3) (4) Who can open an account NRIs (individuals / entities of Bangladesh / Pakistan nationality / ownership require prior … Read more

Cut off date and fees for CS Executive examination, December 2015

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  KIND ATTENTION STUDENTS :28th FEBRUARY 2015 IS THE CUT OFF DATE   Dear Student, We wish to inform that the results of the Foundation Programme (Computer Based) examination held in December, 2014 has already been declared on Friday, the 23rd January,2015. The result is available on the website of the Institute viz. www.icsi.edu and … Read more

Additional depreciation, additional investment allowance in Special Development Package of Andhra Pradesh

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In terms of Section 46 (2) and Section 46 (3) of the Andhra Pradesh Reorganisation Act, 2014, the Union Government is committed to support Andhra Pradesh, providing Special development package to backward areas and Rayalaseema and North coastal region of the State. It has now been decided that funds amounting to Rs.350 crore (@ Rs.50 … Read more

Sukanya Samriddhi Account is notified for the deduction under section 80C of the income tax act

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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES ) NOTIFICATION New Delhi, the 21st January, 2015 (Income -tax) S.O. 210(E).— In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ‘Sukanya Samriddhi Account’ … Read more

Standard operating procedure for prosecution in cases of TDS/TCS default

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Introduction:   1.1              As per the Income Tax Act, all cases where TDS/TCS is deducted but not deposited within the due date, as prescribed, are punishable u/s 276B/276BB or 278A. The selection of cases & their processing is further governed by Instruction F.No. 285/90/2008-IT(Inv-I)/05 dated 24.04.2008 which has been modified by the CBDT [vide F.No.285/90/2013-IT(Inv.)] … Read more