New format for e‑IEC- introduction of Appendix 18B ‑1 (Format of e‑IEC) in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009–2014. — Public Notice — Dated 10–2‑2015 — DGFT Public Notice No. 84 (RE-2013)/2009–2014 New Delhi, dated the…
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Kisan Vikas Patra Rules, 2014
RBI/2014–15/463 IDMD(DGBA).CDD.No. 3484 /15.02.001/2014–15 February 09, 2015 Kisan Vikas Patra, 2014 1. We forward herewith a copy of the Government of India Notification No.G.S.R.705 (E) dated September 23, 2014 regarding the Kisan Vikas Patra (KVP), 2014 Scheme for necessary action at…
CAG will observe now all private service sector firms
Firms in the services sector are set to face a flurry of special audit notices — from not only the service tax authorities but also the Comptroller and Auditor General of India (CAG) — after the finance ministry changed rules…
Rajya Sabha to give all-clear to insurance Bill
The long-awaited insurance Bill, which will raise the overseas investment limit in the sector to 49% from 26%, looks set to become law before the year is out with a majority on the parliamentary select committee ready to give its…
E‑commerce now covered under Consumer Protection Act
E‑commerce operations are already covered under the Consumer Protection Act, 1986, Minister of State for Food and Consumer Affairs Raosaheb Patil Danve said in a written reply to the Lok Sabha. He was replying to a query whether there is…
Acquisition/Transfer of Immovable property under FEMA are subject to the applicable tax laws in India
RBI has issued RBI/2014–15/307 A.P. (DIR Series) Circular No. 38 on November 20, 2014 regarding Acquisition/Transfer of Immovable property under FEMA and clarified that Acquisition/Transfer of Immovable property under FEMA are subject to the applicable tax laws in India. Attention of…
Pay holding tax of Municipality online
The much-awaited online collection of holding tax by the municipal corporation will begin from November 1. Equipped with hand-held devices, employees of the Bhubaneswar Municipal Corporation (BMC) will visit residences and business establishments across the city to collect the tax. The…
Land acquisition law on Modi government radar
After rolling out big-bang fuel reforms, the Narendra Modi government has turned its attention to the land acquisition law that’s regarded as having a crippling effect on infrastructure and industrial development, a cornerstone of the administration’s plan to revive growth…
XML and XBRL – NEXT LEVEL REPORTING LANGUAGE
XML stands for EXTENSIBLE MARKUP LANGUAGE. It is a set of rules, guidelines, conventions, whatever we want to call them, for designing text formats for such data, in a way that produces files that are easy to generate and read…
Supreme Court: Directors can also be held liable for dishonour of cheque
The Supreme Court has said that all directors involved in the day-to-day running of a company can be made liable for a bounced cheque, but not one who resigned before the cheque was issued. The top court said this while dealing with…