We are dependable and trustworthy knowledge processing partner. Although we are a separate entity, we are an integrated part of your organization, like.

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We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

NEWSLETTER – SEPTEMBER 2016

We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

P.G.DEPARTMENT OF PUBLIC ADMINISTRATION

We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

We are dependable and trustworthy knowledge processing partner

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We are dependable and trustworthy knowledge processing partner. Although we are a separate entity, we are an integrated part of your organization, like a slice of a wholesome pie. NEWSLETTER – FEBRUARY 2015

INDEX Direct Taxation Indirect Taxation Corporate & Other Laws International Taxation Statutory Due Dates Febryary 2015 Statutory Due Dates Newsletter – February 2015

DIRECT TAXATION IndexIndex GDR route under scanner for routing black money: As a probe continues into misuse of stock markets for routing black money and tax evasion, the regulatory and other agencies suspect that GDR route is being used for bringing back suspected illicit funds stashed abroad. The modus-operandi, in cases currently under scanner, involves an intricate web of entities registered in various jurisdictions, including Switzerland, Hong Kong, Singapore, Mauritius, Dubai and Canada, for multi-layered transfers of funds before bringing them back to India. BSE proposes new transaction tax structure in capital markets Pitching for a slew of reforms in the Indian capital markets, leading bourse BSE has suggested the government bring in a new transaction taxation structure and besides seeking tax pass through status for Infrastructure Investment Trusts (InvITs). As per the stock exchange, Securities Transaction Tax (STT) on equities, which is basically for investment need, should be made the lowest, while the same should kept higher for the derivative trades. Newsletter – February 2015

INDIRECT TAXATION IndexIndex Increase in Excise Duty on Petrol & Diesel: Central Government vide Notification No. 03/2015-CE dated January 16, 2015 has increased the Excise duty on Petrol (both branded as well as unbranded) and Diesel (both branded as well as unbranded) by Rs. 2 per Litre. Oil marketing companies, which absorbed the previous tax increases even while deferring price cuts corresponding to the fall in crude oil prices, reduced prices of petrol and diesel by R2.42 a litre and R2.25 a litre, respectively. Newsletter – February 2015

CORPORATE AND OTHER LAWSIndexIndex CSR Projects: Centre allows firms to team up with unrelated entities India Inc. has been given more flexibility in their corporate social responsibility (CSR) spending, with the Centre allowing them to collaborate with unrelated entities for this purpose. The Corporate Affairs Ministry’s move to permit collaborative CSR efforts with unrelated entities will help enhance the scale of CSR projects that could be undertaken by companies. This will also help companies raise more funds to carry out specific projects without budgetary constraints. Government amends rule under Company Law A mending rules under the companies law, government has exempted unlisted firms having overseas subsidiaries from preparing consolidated financial statement for the current financial year. In a notification, the ministry has exempted unlisted companies that have one or more subsidiaries incorporated outside India from preparing consolidated financial statements for the financial year commencing on or after April 1, The amendments have been effected in the Companies (Accounts) Rules, 2014 by way of a notification dated January 16. Newsletter – February 2015

INTERNATONAL TAXATIONIndexIndex India US finalize framework to resolve Transfer Pricing cases India and the US have finalized a framework to resolve transfer pricing cases, some of them pending for five years, in what could end tax trauma for more than 50 American MNCs such as Microsoft, IBM and Oracle by the fiscal year-end and send a strong signal to overseas investors that the India is indeed committed to a non- adversarial tax regime. Newsletter – February 2015

STATUTORY DUE DATES FOR FEBRUARY 2015 Index Index Statutory Due Dates Calendar for February 2015 Newsletter – February 2015 Due DateStatutory Compliance 5 th February 2015Payment of Service Tax/ Excise duty 7 th February 2015Payment of TDS 10 th February 2015Excise Return (if monthly) 15 th February 2015Payment of Provident Fund contribution/ Profession Tax 21 st February 2015Payment of VAT

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Newsletter – February 2015 THANK YOU !