Skip to main content

Updates of the day....

By
Updates Of the Day
1.SEBI issued Circular No. CIR/OIAE/001/2015 on Issue of No Objection Certificate for release of 1% of issue amount as per the extant Listing Agreement with the Stock Exchanges.
2.Services directly or indirectly used in relation to manufacture of final products are eligible for Cenvat Credit. [Punjab and Haryana High Court in the case of Bellsonica Auto Components India Private Limited].
3.MCA has modified the versions of e-Form DIR-3, DIR-6, FC-4, MGT-14, INC-7, INC-22, SH-7, INC-29, DIR-12 and CHG-1 w.e.f 02.12.2015.
4.Valuation as per deeming provision u/s 50C not applicable on mere transfer of rights in land. [ITAT Jaipur held In the case of ITO vs. Tara Chand Jain].
5.No addition u/s 68 on account of money received on allotment of shares, once identity of investor company established. [Lotus Integrated Taxpark Ltd. vs. The DCIT (ITAT Chandigarh)].
6.Government notifies new DTAA with Thailand; old DTAA would cease to have effect from 01.04.2016.
For more News Like us on https://www.facebook.com/caonlineofficial Or Subscribe on mail visit : www.caonline.in

Comments

Post a Comment

Popular posts from this blog

Data storage norm splits digital payments industry

By
Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...
18 comments
Read more

Offer’s for all of you

By
Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com
Post a Comment
Read more

Sebi to finalise options in commodities today

By
The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...
17 comments
Read more