Monthly Archives: April 2014

Clarification Regarding Treatment of Expenditure Incurred for Development of Roads / Highways in BOT Agreements under Income-Tax Act, 1961

  Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) vide its Circular No. 09/2014 dated23rd April, 2014 clarified the following: It has come to the notice of the Board that disputes have arisen as … Continue reading

Posted in Income Tax | Tagged , , , , | Leave a comment

RBI : Launch of Rs 10 plastic currency notes delayed

  The Reserve Bank of India’s (RBI) plan to put in circulation Rs 10 plastic currency notes on trial basis will be delayed as the initial bids have failed to qualify the technical criteria and the whole process will start … Continue reading

Posted in Reserve Bank of India | Tagged , , | Leave a comment

RBI : Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)

  Reserve Bank of India vide its notification no. RBI/2013-14/566 dated April 16, 2014 issued to All Category – I Authorised Dealer Banks notified the following: Reference to Schedule I to the Foreign Exchange Management (Transfer or Issue of Security … Continue reading

Posted in Reserve Bank of India | Tagged , , , , | Leave a comment

RBI : Financial Benchmarks- Governance Framework for Benchmark Submitters

Reserve Bank of India vide its notification no. RBI/2013-2014/565 dated April 16, 2014 issued to All Scheduled Commercial Banks and Primary Dealers notified the following: As the Committee on Financial Benchmarks (Chairman: Shri P. Vijaya Bhaskar, Executive Director) had submitted … Continue reading

Posted in Reserve Bank of India | Tagged , | Leave a comment

SEBI : Revised Guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments

  Securities and Exchange Board of India vide its circular no. CIR/MRD/DP/14/2014 dated April 23, 2014 issued the following Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments. 1. SEBI vide circular CIR/DNPD/5/2011 dated June … Continue reading

Posted in SEBI | Tagged , , | Leave a comment

Income Tax Department to set up New Data Centre to check Tax Evasion Clarification

  To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such centres on e-filing and TDS information. … Continue reading

Posted in Income Tax | Tagged , , | Leave a comment

India begins probe into stainless steel dumping by China, Korea

  India has initiated an investigation into alleged dumping of a certain variety of stainless steel by China, Korea and Malaysia following a complaint by Jindal Stainless. The commerce ministry’s designated authority, the Directorate General of Anti-Dumping and Allied Duties … Continue reading

Posted in CBEC Anti Dumping | Tagged , , , , , | Leave a comment