NewsTaxIndia, Author at NewsTaxIndia

Sovereign Gold Bond – Dematerialisation

October 19, 2016 NewsTaxIndia0 comments961 views

The Reserve Bank of India, in consultation with the Government of India, has issued five tranches of Sovereign Gold Bonds for a total value of Rs. 3,060 crore till date. Investors in these bonds have been provided with the option of holding them in physical … Continue Reading →

Income Tax

In J & K the Due date of Filing Return has been extended upto 31-12-2016

October 19, 2016 NewsTaxIndia0 comments569 views

In Jammu & Kashmir the Due date of Filing I.T. Return and tax audit report has been extended upto 31st December 2016 Dated October 18, 2016] In order to mitigate the difficulties being faced by the taxpayers in the State of Jammu & Kashmir in … Continue Reading →

Income Tax

Tax on Distributed income of Domestic Company for Buy-Back of Shares

October 19, 2016 NewsTaxIndia0 comments1164 views

Special Provisions Relating to Tax on Distributed income of Domestic Company for Buy-Back of Shares :- CBDT Notification No. 94/2016, Dated: October 17, 2016 G.S.R. 982(E). – In exercise of the powers conferred by section 115QA read with section 295 of the Income-tax Act, 1961 (43 … Continue Reading →

ICAI

Revised Guidance Note on Audit of Consolidated Financial Statements

October 19, 2016 NewsTaxIndia0 comments1352 views

Revised Guidance Note on Audit of Consolidated Financial Statements issued by the Auditing and Assurance Standards Board – (17-10-2016) The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India, in 2003, had issued the Guidance Note on Audit of Consolidated Financial … Continue Reading →

Income Tax

Conditions for Deemed Demerger of Public Sector Company

October 18, 2016 NewsTaxIndia0 comments864 views

CBDT Notification: Conditions for Deemed Demerger of Public Sector Company The reconstruction or splitting up of a company which ceased to be a public sector company as a result of transfer of its shares by the Central Government, into separate companies, shall be deemed to … Continue Reading →

Customs

Rationalization of procedures in handling exporters obligations under EPCG authorizations

October 18, 2016 NewsTaxIndia0 comments972 views

Rationalization of procedures in handling exporters obligations under EPCG authorizations 1.The undersigned is directed to say that as a part of further rationalizing procedures and avoiding duplication of work based on feedback on outcomes of applying extant procedures, taking into account the conditions prescribed … Continue Reading →

Customs

Rationalization of procedures in handling exporters obligations under EPCG authorizations

October 18, 2016 NewsTaxIndia0 comments844 views

RBI

Sovereign Gold Bonds issued on September 30 to be tradable from October 19

October 17, 2016 NewsTaxIndia0 comments661 views

Sovereign Gold Bonds issued on September 30 to be tradable from October 19 From October 19, 2016 (Wednesday), the Sovereign Gold Bonds issued on September 30, 2016 held in dematerialised form shall be eligible for trading on stock exchanges recognised by the Government of India … Continue Reading →

Income Tax

Deptt. of Revenue Intelligence Seized 20.64 kg Gold and Cash Rs. 6.44 Crore in Delhi

October 17, 2016 NewsTaxIndia0 comments741 views

Department of Revenue Intelligence (DRI) makes seizure of about Rs 12.91 crore including 21 kg Gold worth Rs. 6.47 crore, and Indian Currency notes worth Rs 6.44 crore Source: http://pib.nic.in/newsite/PrintRelease.aspx?relid=151728 Press Information Bureau Government of India Ministry of Finance 17-October-2016 16:40 IST The Delhi Zonal … Continue Reading →

ICAI

ICAI Guidance Note on Reports or Certificates for Special Purposes

October 15, 2016 NewsTaxIndia0 comments3831 views

ICAI Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) The Auditing and Assurance Standards Board of ICAI has released the “Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)”, thoroughly revised edition of the Guidance Note on Audit Reports and Certificates for Special Purposes issued … Continue Reading →