www.csrajivbajaj.com THOUGHT OF THE DAY “The greatest virtues are those which are most useful to other persons.” Law Updates: The MCA21 system will be temporarily unavailable from 8:00 am to 4:00 pm IST on Sunday, 26th June 2016 for system maintenance. Stakeholders are requested to plan accordingly. Form AOC-4 is likely to be revised on MCA21 Company Forms Download page w.e.f 26th June 2016. Stakeholders are advised to check the latest version before filing. RBI approved royalty rate has only persuasive value, it isn't conclusive to determine Arm Length Price: Tribunal Delhi High Court chastised AO for assessing interest on accrual basis even when assessee was following cash method of accounting: Punjab & Haryana High Court. SEBI proposes to allow eligible fund managers to handle foreign money from Indian shores. PROFESSIONALS INPUTS: CBEC vide Notification No. 89/2016 - Customs (N.T.) dated 24 th June, 2016 hereby makes the further amendments in the Notification of the Central Board of Excise and Customs No.87/2016-CUSTOMS (N.T.), dated 16th June, 2016, with effect from 25th June, 2016. CBEC vide Circular No. 30/2016-Customs dated 24 th June, 2016 has Increase in All Industry Rates (AIR) of Duty Drawback on gold jewelry and silver jewelry/articles- reg. MARKET WATCH: SENSEX: 26397.71 -604.57 NIFTY: 8088.60 -181.85 SILVER: 42392.00 1202.00 GOLD (MCX): 31401.00 1487.00 USD/INR: 67.96 0.71 CRUDE OIL: 3266.00 -89.00 CS Rajiv Bajaj 9811453353 [email protected]youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 25 th June, 2016
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www.csrajivbajaj.com
THOUGHT OF THE DAY
THOUGHT OF THE DAY
“The greatest virtues are those which are most useful to other
persons.”
Law Updates:
The MCA21 system will be temporarily unavailable from 8:00 am
to 4:00 pm IST on Sunday, 26th June 2016 for system maintenance.
Stakeholders are requested to plan accordingly.
Form AOC-4 is likely to be revised on MCA21 Company Forms
Download page w.e.f 26th June 2016. Stakeholders are advised to
check the latest version before filing.
RBI approved royalty rate has only persuasive value, it isn't
conclusive to determine Arm Length Price: Tribunal Delhi
High Court chastised AO for assessing interest on accrual basis even
when assessee was following cash method of accounting: Punjab &
Haryana High Court.
SEBI proposes to allow eligible fund managers to handle foreign
money from Indian shores.
PROFESSIONALS INPUTS:
CBEC vide Notification No. 89/2016 - Customs (N.T.) dated 24th
June, 2016 hereby makes the further amendments in the
Notification of the Central Board of Excise and Customs
No.87/2016-CUSTOMS (N.T.), dated 16th June, 2016, with effect
from 25th June, 2016.
CBEC vide Circular No. 30/2016-Customs dated 24th June, 2016
has Increase in All Industry Rates (AIR) of Duty Drawback on gold