This FAQ on Dividend Distribution Tax has been issued by the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI). The purpose of this FAQ is to illustrate and to assist in clarifying the requirements regarding treatment of Dividend Distribution Tax Question: What are the presentation requirements as per Ind AS … Read more
Innovation gets more innovative when it comes to taxes, finance and law. When the corporate inc. put their minds to save the shareholders money and put it to best possible use and to increase the value. One such innovative product is Redeemable preference shares issued as Bonus shares. Since its Diwali time, there cannot be … Read more
Circular No. 35 /2016 F.No. 275/29/2015-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 13th October, 2016 Subject: Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding Section 194-I … Read more
PD/A-40/2016 6th October, 2016 ANNOUNCEMENT – CLARIFICATIONS IN RESPECT OF MEF 2016-17 Applicants of MEF who are (i) Applying as “Proprietary Concern” and also having Sole/Individual practice registered in Institute’s records (ii) Applying as “Individual” (either Sole/Individual practice registered or not in Institute’s records) though they are also having Proprietary Concern (iii)Applying as Proprietor and … Read more
Life is simple and easy who know and live it fully this way. Similarly, investment OUTSIDE INDIA is simple, easy and hassle free for those who know how to do it the RIGHT WAY. Investors are always seeking new avenues for making their money work harder for them and continually explore opportunities within as well … Read more
(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification 40/2015-20 New Delhi, Dated : 15 February, 2016 Subject: Amendment in export policy of Pulses. S.O.(E) In exercise of the powers conferred by Section 5 of … Read more
1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf … Read more
Subject: Zone-shifting of candidates for NOVEMBER – 2016 CA Exams Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Chennai, Delhi, Hyderabad, Mumbai and Pune some of the candidates have been allotted examinations centres in the zone other than the zone opted by them in the said … Read more
Next time you are consider to raise funds from outside India, do consider the newly permitted Rupee Denominated Bonds (RDBs) as an option. A rupee denominated bond is a bond issued by an Indian entity in foreign markets and the interest payments and principal reimbursements of which are denominated in rupees. RDBs offers lot of … Read more
[TO BE PUBLISHED 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 29th September, 2016 S.O. 3079 (E) In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961 … Read more