Middle Image
   Login  |  Register  |  Forgot Password 
Below Login Ad
Notifications/Circulars Submit Notification
CBDT Clarification on TCS Provision
Posted Date : 25-Jun-2016 , 08:44:06 am | Posted By: CASANSAAR

In order to curb the cash economy, Finance Act 2016 has amended section 206C of the Income-tax Act to provide that the seller shall collect tax at the rate of one per cent from the purchaser on sale in cash of certain goods or provision of services exceeding two lakh rupees. Subsequent to the amendment, a number of representations were received from various stakeholders with regard to the scope of the provisions and the procedure to be followed in case of the amended provisions of Section 20...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 0

Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs - RBI
Posted Date : 24-Jun-2016 , 08:43:27 am | Posted By: CASANSAAR

RBI/2015-16/433 DNBS (PPD) CC.No./04/66.14.001/2015-16 June 23, 2016 To CEOs of All NBFCs (excluding RNBCs) and The President of ICAI Dear Sir/Madam, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Please refer to theNotification No. DNBS 192/DG (VL) dated Feb 22, 2007prescribing Prudential Norms Directions. In terms of the extant instructions, all NBFCs are req...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 242

Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies
Posted Date : 24-Jun-2016 , 08:42:42 am | Posted By: CASANSAAR

RBI/2015-16/432 DBR.CID.BC. 107/20.16.056/2015-16 June 23, 2016 All Scheduled Commercial Banks All India Financial Institutions Credit Information Companies Dear Sir / Madam Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies Please refer to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014advising banks to implement certain recommendations of the Committee to Rec...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 36

Permitting writing of options against contracted exposures by Indian Residents
Posted Date : 24-Jun-2016 , 08:41:40 am | Posted By: CASANSAAR

RBI/2015-16/431 A.P. (DIR Series) Circular No. 78 June 23, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Permitting writing of options against contracted exposures by Indian Residents Attention of Authorised Dealer Category - I (AD Cat - I) banks is invited to Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from time to time andA.P. (DIR Serie...

Continue Reading...

Category : FEMA | Comments : 0 | Hits : 31

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015
Posted Date : 24-Jun-2016 , 08:40:58 am | Posted By: CASANSAAR

RBI/2015-16/430 A.P. (DIR Series) Circular No. 77 [(2)/10(R)] June 23, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam / Sir, Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers Banks is invited to the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, notified videNotification No. FEMA 10(R)/2015-RB dated January 21, ...

Continue Reading...

Category : FEMA | Comments : 0 | Hits : 54

Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 24-Jun-2016 , 08:39:59 am | Posted By: CASANSAAR

RBI/2015-16/429 DBR.BP.BC.No.106/21.07.001/2015-16 June 23, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) Please refer tocircular DBR.BP.BC.No.76/21.07.001/2015-16 dated February 11, 2016on the captioned subject in terms of which banks have been directed to be in preparedness to submit Proforma Ind AS Financial Statements to the Reserve Bank from the half-year ended September 30, 2016...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 146

Reporting Requirements under Basel III Capital Regulations- Review
Posted Date : 24-Jun-2016 , 08:39:17 am | Posted By: CASANSAAR

RBI/2015-16/428 DBR.BP.BC.No.105/21.06.001/2015-16 June 23, 2016 All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Reporting Requirements under Basel III Capital Regulations- Review Please refer to the Annexures 3 and 4 of theMaster Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on Basel III Capital Regulations in terms of which banks are permit...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 46

Master Direction - Presentation, Disclosure and Reporting) Directions, 2016
Posted Date : 24-Jun-2016 , 08:38:31 am | Posted By: CASANSAAR

RBI/DBR/2015-16/26 Master Direction DBR.FID.No.108/01.02.000/2015-16 June 23, 2016 Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016 In exercise of the powers conferred by Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest and in the interest of financial sector policy so to do,...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 52

Income tax (15th Amendment) Rules, 2016.
Posted Date : 22-Jun-2016 , 08:58:30 am | Posted By: CASANSAAR

S.O. 2151(E).-In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Central Board of Direct Taxes for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 224

CBDT Clarification on Threshold Limit of tax audit U/s. 44AB & 44AD
Posted Date : 22-Jun-2016 , 08:52:18 am | Posted By: CASANSAAR

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to get his accounts of any previous year audited if his total sales, turnover or gross receipts exceed one crore rupees. Howe...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 875

Speedy disbursal of pending refund claims of exporters of services
Posted Date : 16-Jun-2016 , 08:20:46 am | Posted By: CASANSAAR

Speedy disbursal of pending refund claims of exporters of services under rule 5 of the CENVAT Credit Rules, 2004...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 157

Simplification of procedure in SWIFT for clearance of consignments related to drugs & cosmetics
Posted Date : 15-Jun-2016 , 07:48:14 am | Posted By: CASANSAAR

Kind reference is invited to Board's Circular No. 03/2016 dated 03.02.2016 and Circular No. 10/2016 dated 15.03.2016 regarding the Indian Customs Single Window. Central Board of Excise and Customs (CBEC) has operationalised the 'Indian Customs Single Window Project' to facilitate trade from 01st April 2016 at all EDI locations throughout India. As a result the importers and exporters electronically lodge their Customs clearance documents at a single point only with the Customs. The r...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 144

Levy of excise duty on readymade garments and made articles of textiles bearing a brand name
Posted Date : 15-Jun-2016 , 07:46:13 am | Posted By: CASANSAAR

Levy of excise duty on readymade garments and made articles of textiles bearing a brand name or sold under a brand name and having a retail sale price of Rs. 1000 or more – reg....

Continue Reading...

Category : Excise | Comments : 0 | Hits : 184

Simplification of procedure for Form No. 15G & 15H
Posted Date : 14-Jun-2016 , 08:13:23 am | Posted By: CASANSAAR

DGIT(S)/CPC(TDS)/DCIT/15GH/2016-174539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No 1/2016 Dated: 09th June, 2016 Subject: Simplification of procedure for Form No. 15G & 15H –Clarifications -rag The existing provisions of section 197A of the Income-tar Act, 1961 (The Act) inter alia provide that tax shall not be deducted, if the recipient of certain payment on which tax is deducti...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 490

RBI introduce a Scheme for Sustainable Structuring of Stressed Assets
Posted Date : 14-Jun-2016 , 07:56:49 am | Posted By: CASANSAAR

RBI/2015-16/422 DBR.No.BP.BC.103/21.04.132/2015-16 June 13, 2016 All Scheduled Commercial Banks (Excluding RRBs), All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Non-Banking Financial Companies Securitisation Companies/ Reconstruction Companies Scheme for Sustainable Structuring of Stressed Assets In order to strengthen the lenders’ ability to deal with stressed assets, Reserve Bank of India has been issuing, from time to time, guide...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 345

Spread Over of Shortfall on Sale of NPAs to SCs/RCs
Posted Date : 14-Jun-2016 , 07:54:28 am | Posted By: CASANSAAR

RBI/2015-16/423 DBR.No.BP.BC.102/21.04.048/2015-16 June 13, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread Over of Shortfall on Sale of NPAs to SCs/RCs In terms of paragraph 3.4 ofcircular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014, as an incentive for early sale of non-performing assets (NPAs) to Securitisation Companies/Reconst...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 126

MCA notifies Limited Liability Partnership (Second Amendment) Rules 2016
Posted Date : 14-Jun-2016 , 07:52:49 am | Posted By: CASANSAAR

G.S.R (E)..... -ln exercise of the powe$ conferred by sub-sections (l) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Centlal Govelnment hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 namely:-...

Continue Reading...

Category : Companies Act | Comments : 0 | Hits : 362

Delhi Govt. introduces Reward scheme for highest tax paying dealers
Posted Date : 14-Jun-2016 , 07:49:56 am | Posted By: CASANSAAR

Delhi Govt. introduces Reward scheme for highest tax paying dealers. F.3(632)/Policy/VAT/2015/PF/363-69 10-06-2016 Good Dealers Reward Scheme ...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 210

National Rural livelihoods Mission (NRLM) – Aajeevika - Interest Subvention Scheme
Posted Date : 10-Jun-2016 , 06:53:15 am | Posted By: CASANSAAR

RBI/2015-16/420 FIDD.GSSD.CO.BC.No.26/09.01.03/2015-16 June 09, 2016 The Chairman / Managing Director All Public Sector Banks Dear Sir / Madam, National Rural livelihoods Mission (NRLM) – Aajeevika - Interest Subvention Scheme Please refer to ourcircular FIDD.GSSD.CO.BC.No.19/09.01.03/2015-16 January 21, 2016enclosing guidelines on interest subvention scheme under National Rural Livelihoods Mission (NRLM). 2. In partial modification of the Scheme, Ministry of Rural Dev...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 135

Form of application for a Licence under Public Warehousing Licensing Regulations, 2016
Posted Date : 10-Jun-2016 , 06:51:54 am | Posted By: CASANSAAR

Upon the notification of Public Warehousing Licensing Regulations, 2016 / Private Warehouse Licensing Regulations, 2016 / Special Warehouse Licensing Regulations, 2016, a need has been felt to review the process of application for a warehouse licence and the form used for the same. For the purpose of certainty in providing information by applicants and transparency in procedure regarding processing of applications, the Board has prescribed the Form (annexed) to be used by an applicant seeking a ...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 95

Maintenance of records in relation to warehoused goods in electronic form, filing of Returns and acknowledgement of receipt of goods
Posted Date : 10-Jun-2016 , 06:50:45 am | Posted By: CASANSAAR

Regulation 11 of the Warehouse (Custody and Handling of Goods) Regulations, 2016 requires the licensee to maintain detailed records of the receipt, handling, storage and removal of goods into and from the warehouse and file monthly returns regarding the same. 2. Maintenance of records in relation to warehoused goods in digital form only:...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 100

CBDT issues Clarifications on TCS applicability on sale of motor vehicles
Posted Date : 09-Jun-2016 , 07:58:50 am | Posted By: CASANSAAR

Amendment in Section 206C vide Finance Act 2016 - Clarification s regarding Section 206C of the Income-tax Act, 1961 (hereafter referred to as 'Act'), prior to amendment by Finance Act,20 16. provided that the seller shall collect tax at source at specified rate from the buyer at the time of sale of specified items such as alcoholic liquor [or human consumption, tender leaves, mineral being coal or lignite or iron orc etc. It also provided for collection of tax at source at the rate o...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 926

Extent of Tax payable by business entity on services provided by senior advocates
Posted Date : 08-Jun-2016 , 08:45:13 am | Posted By: CASANSAAR

Seeks to amend notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe extent of payment of service tax by a business entity as a recipient of services provided by senior advocates....

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 298

Business entity liable to pay service tax on services provided by senior advocates
Posted Date : 08-Jun-2016 , 08:37:08 am | Posted By: CASANSAAR

Seeks to amend Service Tax Rules, 1994 so as to specify the business entity as the person liable to service tax in respect of services provided by senior advocates....

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 275

CBEC notifies Tax Exemption on legal services provided by senior advocates
Posted Date : 08-Jun-2016 , 08:35:03 am | Posted By: CASANSAAR

Seeks to amend notification No. 25/2012 - Service Tax, dated the 20th June, 2012, so as to exempt the legal services provided by senior advocates to a business entity with a turnover up to rupees ten lakh in the preceding financial year ...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 375

Sec. 14A disallowance can't exceed total expense - CBDT
Posted Date : 07-Jun-2016 , 08:20:58 am | Posted By: CASANSAAR

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI Notification No. 43/2016, Dated: June 2, 2016 S.O. 1949(E)– In exercise of the powers conferred by section 295 read with sub-section (2) of section 14A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income–tax (14th Amendment) Rule...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 345

Cyber Security Framework in Banks
Posted Date : 03-Jun-2016 , 07:36:32 am | Posted By: CASANSAAR

RBI/2015-16/418 DBS.CO/CSITE/BC.11/33.01.001/2015-16 Jyeshtha 12, 1938 (saka) June 2, 2016 To The Chairman/ Managing Director /Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Cyber Security Framework in Banks Introduction Use of Information Technology by banks and their constituents has grown rapidly and is now...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 216

Refinancing of Project loans
Posted Date : 03-Jun-2016 , 07:35:36 am | Posted By: CASANSAAR

RBI/2015-16/417 DNBR.CC.PD.No.082/03.10.001/2015-16 June 02, 2016 To All Non-Banking Financial Companies Dear Sirs, Refinancing of Project Loans Please refer tocircular DNBS.(PD).CC.No.371/03.05.02/2013-14 dated March 21, 2014, issued by Department of Non-Banking Supervision on Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy. 2. In view of the references received ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 235

Requirement of Solvency Certificate for the purposes of Private Warehouse Licensing Regulations 2016
Posted Date : 03-Jun-2016 , 07:33:47 am | Posted By: CASANSAAR

Regulation 3 (1) (c) of the Private Warehouse Licensing Regulations, 2016 requires an applicant to furnish a solvency certificate from a scheduled bank for an amount to be specified by the Principal Commissioner / Commissioner of Customs....

Continue Reading...

Category : Custom | Comments : 0 | Hits : 203

Bad Debt admissible if written off as irrecoverable in books: CBDT
Posted Date : 02-Jun-2016 , 07:03:14 am | Posted By: CASANSAAR

Admissibility of claim of deduction of Bad Debt under section 36(1) (vii) read with section 36(2) of the Income-Tax Act, 1961- reg...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 329

Notifications/Circulars By Categories

More Categories

Hall of Fame for Notifications

Name Pic Notification Rank
Vinay Sharma Vinay Sharma on casansaar-CA,CSS,CMA  Networking firm 486 1
 
Aarti Sharma Aarti Sharma on casansaar-CA,CSS,CMA  Networking firm 217 4
 
CA. SURESH Kr. AGARWAL CA. SURESH Kr. AGARWAL on casansaar-CA,CSS,CMA  Networking firm 74 6
 
Akanksha Handa Akanksha Handa on casansaar-CA,CSS,CMA  Networking firm 70 18
 
Vijay CA,CSS,CMA  Networking firm 50 27
 

Search Notifications/Circulars

 

Find CA Announcement,Notification,Circulars by Income Tax Department,VAT,Service Tax,Excise,Custom Department on CASANSAAR.India  Top CA Notification.

 
 
www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon

CASANSAAR Updates

louboutin shoes sale louboutin shoes uk louboutin schuhe replica designer handbags

↑ Grab this Headline Animator

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.