F.No.328/08/20 5-WT Government of India Ministry of Finance Department of. Revenue Central Board of Direct Taxes (CBDT) New Delhi, dated the 3″I September, 2015 To All Pr. Chief Commissioners of Income-tax Subject: Extension of due date of filing return of wealth for A.Y. 2015-16 clarification A clarification was issued vide letter of even number dated…
DetailsThe Reserve Bank of India will shortly put into circulation ₹ 5 coins minted by the Government of India to commemorate the Golden Jubilee of Indo-Pak war 1965. The design of the coins has: On the obverse: The Lion Capital of Ashoka Pillar in the center with the legend “सत्यमेव जयते” inscribed below,…
DetailsThe Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act’) has introduced a tax compliance provision under Chapter-VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) were notified vide Notification no. G.S.R. 529 (E) dated 2nd July,…
DetailsInstruction No 9/2015 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, IT (A-II) Division New-Delhi, dated the 2nd of September, 2015 Subject: Report on applicability of Minimum Alternate Tax (MAT) on FIIs/FPIs for the period prior to 01.04.2015 and acceptance of the Government thereof- rep.…
DetailsAs per the announcement made by the Union Finance Minister Shri Arun Jaitley during his Budget Speech while presenting the General Budget 2015-16, The Finance Minister had proposed to merge the Forwards Markets Commission (FMC) with SEBI to strengthen the regulation of Commodity Forward Markets. Now the Central Govt. has issued notification and appointed the…
DetailsAfter extending due date for filing of ITR for the state of Gujarat, CBDT has extended the due date for filing of ITR for all taxpayers till 7th Sep-15. It has been done after considering the fact that hardships faced by taxpayers in E-filing on 31st Aug-15. Below is the text of order issued under…
DetailsA Committee on Direct Tax matters chaired by Justice A.P. Shah was constituted with the initial mandate to examine the matter relating to levy of MAT on FIIs/FPIs for the period prior to 01.04.2015. The Committee has submitted its final report on applicability of MAT on FIIs/FPIs for the period prior to 01.04.2015 to the…
DetailsMCA on Tuesday extended the last date of filing of CRA-4 (cost audit report) to 30th Sep-15. There will not be any penalty and late fees if CRA-4 is filed by 30th Sep-15 for F.Y. 2014-15. Earlier in Jun-15, MCA had introduced revised CRA-4 and extended the last day to 31st Aug-15.
21.How long does it take for the remittance to get credited into the beneficiary account number? The funds should be credited into the beneficiary account in about 15-30 seconds. 22.Can the remitter transfer funds from his / her to the beneficiary account in other bank? Yes, the remitting customer can transfer funds to the beneficiary…
DetailsAfter declaring the bank holiday on second and fourth Saturdays, RTGS will not be operated on second and fourth Saturdays but would operate for full day on working Saturdays. Processing of future value dated transactions with value date falling on second and fourth Saturdays will not be undertaken under RTGS. The RTGS time window with…
Details