RBI Circular - Changes in RTGS time window
Posted Date : 01-Sep-2015 , 05:16:19 pm | Posted By: Aarti Sharma
RBI/2015-16/168
DPSS (CO) RTGS No.492/04.04.002/2015-16
September 1, 2015
The Chairman / Managing Director / Chief Executive
Officer of participants of RTGS
Madam / Sir,
Changes in RTGS time window
A reference is invited to the Reserve Bank of Indiapress release number 2015-2016/528 dated August 28, 2015on “Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays”.
2. Accordingly, RTGS will not...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 973
|
|
Companies (Management and Administration) Amendment Rules, 2015
Posted Date : 01-Sep-2015 , 08:00:59 am | Posted By: CASANSAAR
-In exercise of the powers conferred under sub-section (1) of section 88, sub-section (4) of section 88, sub-section (1) of section 89, sub-section (2) of sedion 89, subsection (6) of section 89, sub-section (1) of section 91, sub-section (2) of section 92, subsection (3) of section 92, section 93, sub-section (1) of section 94, sub-section (4) of section 100, sections 101, 102, 105, 108, sub-section (5) of section 109, Sections 110, 112, 113 subsection (2) of section 114, sectlon 115, sub-secti...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 546
|
|
CBDT lays down criteria on manual selection of scrutiny cases for FY 2015-16
Posted Date : 01-Sep-2015 , 07:47:30 am | Posted By: CASANSAAR
Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016-regd:-
In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria for manual selection of returns/cases for scrutiny during the financial-year 2015-2016:-...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1490
|
|
RBI Circular - Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
Posted Date : 31-Aug-2015 , 05:25:42 pm | Posted By: Aarti Sharma
RBI/2015-16/165
DBR.AML.BC.No.36/14.01.001/2015-16
August 28, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons
Dear Sir/ Madam,
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
As you ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 582
|
|
CBDT announces new norms for granting reward to informants helping in tax recovery from defaulters
Posted Date : 29-Aug-2015 , 08:34:18 am | Posted By: CASANSAAR
CBDT announces new norms for granting reward to informants helping in tax recovery from defaulters....
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 898
|
|
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
Posted Date : 29-Aug-2015 , 08:20:30 am | Posted By: CASANSAAR
RBI/2015-16/165
DBR.AML.BC.No.36/14.01.001/2015-16
August 28, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons
Dear Sir/ Madam,
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
As you ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 592
|
|
Procedure for registration and submission of report as per clause (k) of sub section (1) of section 285BA of Income-tax Act, 1961 read with Sub rule (7) of Rule 114G of Income-tax Rules. 1962
Posted Date : 28-Aug-2015 , 07:39:14 am | Posted By: CASANSAAR
F. No. DGIT(S)/DIT(S)-2/ITWG on Financial Sector Reporting/12/2015
Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income Tax (Systems)
Notification No 3/2015
New Delhi, 25thAugust, 2015
Procedure for registration and submission of report as per clause (k) of sub section (1) of section 285BA of Income-tax Act, 1961 read with Sub rule (7) of Rule 114G of Income-tax Rules. 1962:
As perSub rule (9)(a) of Rule 114Gof theIncome Tax Ru...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 568
|
|
RBI Circular - Cash Withdrawal at Point-of-Sale (POS) - Enhanced limit at Tier III to VI Centres
Posted Date : 27-Aug-2015 , 06:05:32 pm | Posted By: Aarti Sharma
RBI/2015-16/164
DPSS.CO.PD.No.449/02.14.003/2015-16
August 27, 2015
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks /All Card Network Providers
Dear Madam / Sir,
Cash Withdrawal at Point-of-Sale (POS) - Enhanced limit at Tier III to VI Ce...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 409
|
|
RBI Circular - Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions – Issuance of EMV Chip and PIN Cards
Posted Date : 27-Aug-2015 , 05:59:37 pm | Posted By: Aarti Sharma
RBI/2015-16/163
DPSS.CO.PD.No.448/02.14.003/2015-16
August 27, 2015
All Scheduled Commercial Banks including RRBs /
Co-operative Banks / State Co-operative Banks /
Central Co-operative Banks / Authorised Card Payment Networks
Dear Madam / Sir,
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions – Issuance of EMV Chip and PIN Cards
A reference is invited to ourcircular DPSS (CO) PD No.2112/02.14.003/2014-15 dated May 07, 2015on the ca...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 508
|
|
RBI Circular - Detection of Counterfeit Notes
Posted Date : 27-Aug-2015 , 05:58:28 pm | Posted By: Aarti Sharma
RBI/2015-16/162
DCM (FNVD) No. 776/16.01.05/2015-16
August 27, 2015
The Chairman / Managing Director /
Chief Executive Officer
All Banks
Madam / Sir,
Detection of Counterfeit Notes
Please refer to ourCircular DCM (FNVD) No. 5840/16.01.05/2012-13 dated June 27, 2013on “Detection and Reporting of Counterfeit Notes”. The procedure for detection of counterfeit notes has been re...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 925
|
|
RBI Circular - CRIF High Mark Credit Information Services Private Limited
Posted Date : 27-Aug-2015 , 05:57:10 pm | Posted By: Aarti Sharma
RBI/2015-16/161
DBR.CID.BC.35/20.16.042/2015-16
August 27, 2015
All Commercial Banks (excluding RRBs)
All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI)
LIC, GIC, UTI Mutual Fund, UTI Specified Undertaking
All Credit Information Companies
Dear Sir / Madam
Grant of ‘Certificate of Registration’ –
For carrying on the business of Credit Information –
CRIF High Mark Credit Information Services Private Limited
Please refer to ourcircular D...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 380
|
|
RBI Circular - Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their ‘Life Cycle’
Posted Date : 27-Aug-2015 , 05:56:02 pm | Posted By: Aarti Sharma
RBI/2015-16/160
FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16
August 27, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir / Madam,
Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their ‘Life Cycle’
Micro and small units are more prone to facing financial difficulties during their Life Cycle than large enterprises / corporates when the business conditions turn advers...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 317
|
|
Rate of exchange of conversion of the foreign currency with effect from 26th August, 2015 - 82/2015
Posted Date : 26-Aug-2015 , 06:38:51 pm | Posted By: Aarti Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
Notification No. 82/2015 - Customs (N.T.)
Dated the 25thAugust, 2015
In exercise of the powers conferred bySection 14of theCustoms Act, 1962 (52 of 1962),the Central Board of Excise & Customs hereby makes the following amendments in theNotification of the Central Board of Excise and Customs No. 81/2015-CUSTOMS (N.T.) dated the 20th August, 2015,with effect from 26th Augus...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 372
|
|
Jurisdiction of Additional Commissioners of Income-tax or the Joint Commissioners of Income-tax under Black Money
Posted Date : 26-Aug-2015 , 07:40:53 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
Department of Revenue
(CENTRAL BOARD OF DIRECT TAXES)
[Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax]
NOTIFICATION NO. 73/2015
New Delhi, 24thAugust 2015
S.O. (E). -in exercise of the powers conferred byclause (b) of sub-section (4) of section 120of theIncome-tax Act, 1961 (43 of 1961)read withsection 6of theBlack Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015),...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 369
|
|
Free-home delivery of food isn't liable to service-tax
Posted Date : 26-Aug-2015 , 07:28:05 am | Posted By: CASANSAAR
Clarification on levy of service tax on food sold by way of pick up or home deliveries...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 526
|
|
RBI Circular - Auction of Government of India Dated Securities
Posted Date : 25-Aug-2015 , 06:09:41 pm | Posted By: Aarti Sharma
RBI/2015-16/158
Ref.No.IDMD/373/08.02.032/2015-16
August 24, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified Amo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 267
|
|
RBI Circular - Foreign Direct Investment – Reporting under FDI Scheme on the e-Biz platform
Posted Date : 24-Aug-2015 , 06:44:01 pm | Posted By: Aarti Sharma
RBI/2015-16/157
A.P. (DIR Series) Circular No. 9
August 21, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment – Reporting under FDI Scheme on the e-Biz platform
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the Reserve Bank videNotification No. FEMA 20/20...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 340
|
|
RBI Circular - Guidelines for Relief Measures by Banks in Areas affected by Natural Calamities
Posted Date : 24-Aug-2015 , 06:42:12 pm | Posted By: Aarti Sharma
RBI/2015-16/156
FIDD No. FSD.BC.12/05.10.001/2015-16
August 21, 2015
The Chaiman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam/Dear Sir
GUIDELINES FOR RELIEF MEASURES BY BANKS
IN AREAS AFFECTED BY NATURAL CALAMITIES
Please refer to ourMaster Circular FIDD.No.FSD.BC.01/05.10.001/2015-16 dated July 1, 2015containing ‘Guidelines for Relief Measures by Banks in Areas affected by Natural Calamities’. Cons...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 371
|
|
Clarification regarding the provisions of Section 73, 76 and 78 of the Finance Act, 1994 and Section 11AC of the Central Excise Act, 1944
Posted Date : 20-Aug-2015 , 09:31:22 pm | Posted By: CASANSAAR
F.No.137/46/2015-Service Tax
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE & CUSTOMS
SERVICE TAX WING
New Delhi, dated 18thAugust, 2015
To
All Principal Chief Commissioners of Central Excise
All Chief Commissioners of Central Excise/ Service Tax
Principal Directors General of Goods & Services Tax/ Systems/Central Excise Intelligence
Director General of Audit
All Principal Commissioners of Central Excise/Service T...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 432
|
|
Govt. notifies Challan No. ITNS 284 for depositing taxes under Black Money Act
Posted Date : 19-Aug-2015 , 11:16:35 pm | Posted By: CASANSAAR
Govt. notifies 'Challan No. ITNS 284' for depositing taxes under Black Money Act
...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 778
|
|
Authorized Economic Operator (AEO) Programme –regarding
Posted Date : 19-Aug-2015 , 06:23:43 pm | Posted By: Aarti Sharma
Circular No. 21/2015
F.No. 450/179/2009-Cus IV (Pt)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
New Delhi, dated: 19.08.2015
To,
(i)AllChief Commissioners of Customs/ Customs (Prev.)
(ii)All Chief Commissioners of Customs and Central Excise
(iii)All Commissioners of Customs/ Customs (Prev.)
(iv)All Commissioners of Customs and CentralExcise
(v)All Director...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 499
|
|
CBDT notifies rules to determine period of stay of crew members of foreign bound ships in India
Posted Date : 18-Aug-2015 , 10:10:24 pm | Posted By: CASANSAAR
S.O. 2240(E).- In exercise of the powers conferred by Explanation 2 to clause (1) of section 6 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 575
|
|
RBI Circular - Auction of Government of India Dated Securities
Posted Date : 18-Aug-2015 , 05:19:20 pm | Posted By: Aarti Sharma
RBI/2015-16/155
Ref. No. IDMD/321/08.02.032/2015-16
August 17, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified A...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 348
|
|
CBDT clarifies issues relating to exemption and approval of Educational Institutions
Posted Date : 17-Aug-2015 , 09:58:39 pm | Posted By: CASANSAAR
Sub-clause (vi) of clause (23C) of Sec 10 of the Income-tax Act, 1961 (‘Act’) prescribes that income of any university or other educational institutions, existing solely for educational purposes and not for purposes of profit, shall be exempt from tax if such entities are approved by the prescribed authorities. Such approval is not required in cases of university or educational institutions wholly or substantially financed by the Government [sub-clause (iiiab)] or if their aggregate ...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 560
|
|
RBI Circular - Conduct of Government Business by Agency Banks – Payment of Agency Commission
Posted Date : 13-Aug-2015 , 06:18:23 pm | Posted By: Aarti Sharma
RBI/2015-16/153
DGBA.GAD.No. 617/31.12.010(C)/2015-16
August 13, 2015
The Chairman/Chief Executive Officer
All Agency Banks
Dear Sir / Madam,
Conduct of Government Business by Agency Banks – Payment of Agency Commission
Please refer to paragraphs 2 to 7 of ourMaster Circular No RBI /2015-16/81 dated July 01, 2015on the captioned subject, wherein government transactions eligible for and not eligible for agency commission are discussed.
2. In this connection, it is clarif...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 376
|
|
RBI Circular - Union Budget - 2015-16 Interest Subvention Scheme
Posted Date : 13-Aug-2015 , 06:15:32 pm | Posted By: Aarti Sharma
RBI/2015-16/152
FIDD.No.FSD.BC.59/05.04.02/2015-16
August 13, 2015
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir/Madam
Union Budget - 2015-16
Interest Subvention Scheme
Please refer to our letter FIDD CO.FSD.No.10740/05.04.02/2014-15 dated June 17, 2015 conveying extension of Interest Subvention Scheme upto July 31, 2015. In this regard, it is advised that Government of India has approved the implementation of the Interest ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 539
|
|
RBI Circular - Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank
Posted Date : 13-Aug-2015 , 06:14:09 pm | Posted By: Aarti Sharma
RBI/2015-16/151
A.P.(DIR Series) Circular No.8
August 13, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 22, 2015 with the Myanma Foreign Trade Bank, Republic of Union of Myanmar, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 6.20 million (US...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 328
|
|
RBI Circular - Auction of Government of India Dated Securities
Posted Date : 11-Aug-2015 , 05:59:19 pm | Posted By: Aarti Sharma
RBI/2015-16/150
Ref. No.IDMD/280/08.02.032/2015-16
August 10, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified Am...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 310
|
|
CBDT notifies Rules for the purpose of FATCA entered into between India and USA
Posted Date : 10-Aug-2015 , 07:20:37 am | Posted By: CASANSAAR
S.O. 2155(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 Board 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 : 1027
|
|
RBI Circular - Exposure Norms limit for the Standalone Primary Dealers (SPDs)
Posted Date : 06-Aug-2015 , 05:49:37 pm | Posted By: Aarti Sharma
RBI/2015-16/149
DNBR.CO.PD.No.068/03.10.01/2015-16
August 6, 2015
To
All Standalone Primary Dealers
Madam/ Sir,
Exposure Norms limit for the Standalone Primary Dealers (SPDs)
Please refer to thecircular IDMD.PCD.12/14.03.05/2013-14 dated March 27, 2014on the captioned subject.
2. To facilitate greater level of participation in corporate bonds by SPDs, it has been decided to increase exposure ceiling limits in respect of single borrower / counterparty from 25 per cent to 50 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 276
|
|
|
|