Securities and Exchange Board of India CIRCULARCIR/MIRSD/29/2016 January 22, 20161. All Recognized Stock Exchanges2. Stock Brokers through Recognized Stock Exchanges3. All recognised Depositories4. Depository Participants through Depositories5. Association of Mutual Funds in India6. Mutual funds through AMFI7. Portfolio Managers8. KYC Registration Agencies (KRAs)9. Alternative Investment Funds (AIFs)10. Collective Investment Schemes (CIS)11. Custodians Dear Sir/Madam, Sub: … Read more
Chief Minister Siddaramaiah on Friday the 18th March 2016 presented Karnataka Budget 2016-17 in which major focus have been laid on water resources and agriculture sectors.Following are the key features of Karnataka Budget 2016-17 presented by CM Siddaramaiah in state assembly:- 1. A budgetary allocation of Rs 4344 Crore has been made for Agricultural department … Read more
Frequently asked Questions (FAQs) 1. What is NPS?New Pension System is a voluntary contribution of funds for a sustained period of time (till the age of 60years) to enable him to draw pension after he attains 60 years of age. The Scheme has been introduced by the Government of India and monitored by the Pension … Read more
1 No Change in Tax Slab for Individual 2 40% of the amount payable from NATIONAL PENSION SCHEME (NPS) at a time of its closure will be exempt from tax & Tax will belevied on balance 60% accumulated balance on NPS.Simillary 60% of accumulated interest of EPF contibuted on & after 01.04.2016 will be taxable … Read more
Contents:Page No. – Quick key features of the budget excluding tax proposals 2-3 – Service Tax Proposals 4-8 – Excise and Customs Duty Proposals 9-11 – Direct Tax Proposals 12-44 – Disclaimer and contact details 45 Rating of Union Budget 2016: The author and his team rates this Union Budget as 7.5 out of 10 … Read more
What shall be considered as Startup?* An entity shall be considered as a ‘startup’:– Till five years from the date of its incorporation / registration;– If its turnover for any of the financial years has not exceeded rupees 25 crore, and– It is working towards innovation, development, deployment or commercialization ofnew products, processes or services … Read more
Prime Minister Narendra Modi first announced the Start-up campaign on 15th August from the Red Fort & now on 16th January 2016, he launched the most awaited movement #StartupIndia which has brought lots of positivity among the entrepreneurs in India. The event was inaugurated on 16 January 2016 by the finance minister Arun Jaitley. Among … Read more
Source: pib Press Information Bureau Government of India Ministry of Commerce & Industry 10-November-2015 16:23 IST Reforms in FDI Today, India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. FDI has gone up by 40%. Several … Read more
Government decides to impose a Swachh Brarat Cess at the rate of 0.5% on all serviceS presently liable to service tax, with effect from 15th November 2015; Proceeds from this cess to be exclusively used for Swachh Bharat initiatives. Swachh Bharat Cess is not another tax but a step towards involving each and every citizen … Read more