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19 June 2017

Rules for computing interest on secondary adjustmentAs an enabling provision to secondary adjustment concept introduced by Finance Act 2017 in Indian Transfer Pricing Legislation; the Central Board of Direct Taxes has issued a Rule prescribing the time limit   for receipt of money in India to the...

17 June 2017

The Ministry of Corporate Affairs (“MCA”) had notified on June 05, 2015 certain provisions of the Companies Act, 2013 (“the Act”) that shall not apply to Private Limited Companies, Companies defined under section 8 and Government Companies or shall apply with such exceptions or modifications as...

12 June 2017

The Indian Government has recently notified revisions to the Safe Harbour Rules, which fall within the purview of the Indian Transfer Pricing Regulations. Safe Harbours represent a scheme whereby taxpayers can adopt the rates prescribed and the same are considered to be at arm’s length by tax...

08 June 2017

FIPB abolishment & Way forwardThe Union Cabinet, vide a press release dated May 24, 2017, had given its formal approval to the phasing out of the Foreign Investment Promotion Board (‘FIPB’). However, there was no clarity on the revamped approval system for the Foreign Direct Investment (‘FDI...

07 June 2017

CBDT notifies transactions not qualifying for long term capital exemption on sale of listed equity sharesLong term capital gain on sale of listed equity shares is exempt from income-tax, if such sale is chargeable to securities transaction tax (‘STT’). The Finance Act, 2017 has restricted this...

30 May 2017

SEBI prescribes norms for listing of Non-Convertible Redeemable Preference Shares (‘NCRPS’) / Non-Convertible Debentures (‘NCDs’) issued pursuant to a Scheme of Arrangement (‘Scheme’)SEBI vide circular Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017 (‘March 10, 2017 Circular’) had laid...

26 May 2017

FIPB to be phased outThe Foreign Investment Promotion Board (‘FIPB’) has been acting as a single window clearance for applications on Foreign Direct Investment (‘FDI’) in India that are under the approval route.In the Budget 2017, the finance minister had indicated that more than 90% of the total...

26 May 2017

The Reserve Bank of India has issued guidelines tightening the rules for prepaid payment instruments, including the popular prepaid meal vouchers. The operation must convert to fully digital by December 31, 2017 and the commonly used paper vouchers will become worthless on that date. Other...

Displaying 1 - 9 of 40
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