FII inflows at seven-month low in India

For­eign insti­tu­tion­al investors’ (FIIs) $1-bil­lion inflows into Indi­an equi­ties in Sep­tem­ber made it the worst month in terms of over­seas flows seen in the last sev­en months. The BSE bench­mark Sen­sex end­ed -0.03% low­er in Sep­tem­ber after end­ing each of…

The variation between Arm’s Length Price as per Section 92C and the the price at which International & Specified Domestic Transaction undertaken has Notified by CBDT

In exer­cise the pow­er con­ferred by the sec­ond pro­vi­so to sub-sec­­tion (2) of sec­tion 92C of Income Tax Act, 1961, the Cen­tral Gov­ern­ment here­by noti­fied that where the vari­a­tion between the arm’s length price deter­mined under sec­tion 92C and the…

Changes made in W.B.V.A.T.Act,2003 and in W.B.V.A.T.Rules,2005

Trade_Circular_16_2014 Every year after pub­li­ca­tion of the West Ben­gal Finance Act and of cor­re­spond­ing noti­fi­ca­tions by gov­ern­ment effect­ing the pro­ce­dur­al mat­ters con­nect­ed with the changes made in that Finance Act, it becomes nec­es­sary for issue of Trade Cir­cu­lar spec­i­fy­ing the…