{"id":536,"date":"2015-11-02T10:18:10","date_gmt":"2015-11-02T10:18:10","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=536"},"modified":"2021-12-15T14:27:11","modified_gmt":"2021-12-15T08:57:11","slug":"corporate-tax-update-for-the-month-of-october-second-week-2","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-tax-update-for-the-month-of-october-second-week-2\/","title":{"rendered":"corporate tax update 26th october 2015"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e1a59363086\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1a59363086\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-tax-update-for-the-month-of-october-second-week-2\/#CORPORATE_TAX_UPDATE_FOR_26th_OCTOBER_2015\" title=\"CORPORATE TAX UPDATE FOR 26th OCTOBER 2015\">CORPORATE TAX UPDATE FOR 26th OCTOBER 2015<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-tax-update-for-the-month-of-october-second-week-2\/#Black_money_I-T_dept_begins_action_against_mining_companies\" title=\"Black money: I-T dept begins action against mining companies\">Black money: I-T dept begins action against mining companies<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled5A.png\" rel=\"attachment wp-att-1715\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1715\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled5A-300x170.png\" alt=\"Untitled5A\" width=\"761\" height=\"431\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled5A-300x170.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled5A.png 548w\" sizes=\"(max-width: 761px) 100vw, 761px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_TAX_UPDATE_FOR_26th_OCTOBER_2015\"><\/span><span style=\"color: #000080;\"><strong>CORPORATE TAX UPDATE FOR 26th OCTOBER 2015<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Black_money_I-T_dept_begins_action_against_mining_companies\"><\/span><span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.business-standard.com\/article\/economy-policy\/black-money-i-t-dept-begins-action-against-mining-companies-115101900043_1.html\"><strong>Black money: I-T dept begins action against mining companies<\/strong><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><em>Oct 19, 2015<\/em><\/strong><br \/>\nIn a bid to attack domestic black money, the government has set sights on India&#8217;s vast mining sector. The Central Board of Direct Taxes (CBDT) under the finance ministry has instructed income tax (I-T) officials to scrutinise production details and tax returns filed by the companies engaged in mining activities and take appropriate action in case of any discrepancy.<\/p>\n<p><strong>Source :<span style=\"color: #3366ff;\">\u00a0<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/indianexpress.com\/article\/business\/economy\/lets-make-taxation-more-transparent-investor-friendly-rbi-governor-rajan\/\"><strong>Let\u2019s make taxation more transparent, investor-friendly: RBI Governor Rajan<\/strong><\/a><\/span><br \/>\n<span style=\"color: #000000;\"> <strong><em>Oct 19, 2015<\/em><\/strong><\/span><br \/>\nReserve Bank of India <a href=\"https:\/\/carajput.com\/blog\/tag\/rbi\/\">(RBI)<\/a> Governor Raghuram Rajan on Monday underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth. He also called for more coordination between leading central banks, saying there is a need for more optimal use of the monetary policy tools globally as the world is increasingly staring at deflation.<\/p>\n<p><strong>Source:<span style=\"color: #3366ff;\">\u00a0<\/span><\/strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/indianexpress.com\/article\/business\/economy\/lets-make-taxation-more-transparent-investor-friendly-rbi-governor-rajan\/\"><strong>https:\/\/indianexpress.com\/article\/business\/economy\/lets-make-taxation-more-transparent-investor-friendly-rbi-governor-rajan\/<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.financialexpress.com\/article\/economy\/rbi-guv-raghuram-rajan-says-world-needs-stronger-multilateral-agencies\/153416\/\"><strong>RBI Guv Raghuram Rajan urges IMF to act against \u2018extreme\u2019 policies<\/strong><\/a><\/span><br \/>\n<strong><em>Oct 19, 2015<\/em><\/strong><br \/>\nRBI governor Raghuram Rajan urged the International Monetary Fund on Monday to stop \u201csitting on the sidelines\u201d and instead play an active role in questioning the easy money policies adopted by developed economies. Raghuram Rajan, a former chief economist of the IMF, said countries were putting these policies in place without consideration for the negative impact they have on the global economy.<\/p>\n<p><strong>Source :<span style=\"color: #3366ff;\">\u00a0<\/span><\/strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.financialexpress.com\/article\/economy\/rbi-guv-raghuram-rajan-says-world-needs-stronger-multilateral-agencies\/153416\/\"><strong>https:\/\/www.financialexpress.com\/article\/economy\/rbi-guv-raghuram-rajan-says-world-needs-stronger-multilateral-agencies\/153416\/<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.financialexpress.com\/article\/economy\/finmin-seeks-india-inc-views-on-certain-gst-provisions\/152996\/\"><strong>FinMin seeks India Inc views on certain GST provisions<\/strong><\/a><\/span><br \/>\n<strong><em>Oct 19, 2015<\/em><\/strong><br \/>\nFinance Ministry has sought views of India Inc on firming up provisions with regard to <a href=\"https:\/\/carajput.com\/blog\/overview-on-place-of-supply\/\">Place of Supply<\/a> (PoS) rules in five sectors, including e-commerce and banking, for smooth roll out of the Goods and Services Tax.The ministry has asked industry associations to submit their views on the transitional provisions and core exemptions to ensure hassle free implementation of the new indirect tax regime, a government official told PTI.<\/p>\n<p><strong>Source:<span style=\"color: #3366ff;\">\u00a0<\/span><\/strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.financialexpress.com\/article\/economy\/finmin-seeks-india-inc-views-on-certain-gst-provisions\/152996\/\"><strong>https:\/\/www.financialexpress.com\/article\/economy\/finmin-seeks-india-inc-views-on-certain-gst-provisions\/152996\/<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.business-standard.com\/article\/markets\/it-second-most-favoured-sector-by-fund-managers-115101900024_1.html\"><strong>IT second-most favoured sector by fund managers<\/strong><\/a><\/span><br \/>\n<strong><em>Oct 19, 2015<\/em><\/strong><br \/>\nSoftware stocks have regained their second-most favoured status with fund managers.This is the first time since March that fund managers have more assets deployed in information technology (IT) than in automobile stocks.In September, Rs 43,053 crore, or 10.65 per cent of total equity assets, found their way into shares of infotech majors like Infosys, Tata Consultancy Services (TCS), HCL Technologies and Tech Mahindra. On the other hand, Rs 41,239 crore, or 10.2 per cent of equity assets, were held as stocks of automobile companies.<\/p>\n<p><strong>Source :\u00a0<\/strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.business-standard.com\/article\/markets\/it-second-most-favoured-sector-by-fund-managers-115101900024_1.html\"><strong>https:\/\/www.business-standard.com\/article\/markets\/it-second-most-favoured-sector-by-fund-managers-115101900024_1.html<\/strong><\/a><\/span><\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:\u00a0<a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0\u00a0or call at 9555555480<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE TAX UPDATE FOR 26th OCTOBER 2015 Black money: I-T dept begins action against mining companies Oct 19, 2015 In a bid to attack domestic black money, the government has set sights on India&#8217;s vast mining sector. The Central Board of Direct Taxes (CBDT) under the finance ministry has instructed income tax (I-T) officials to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9933],"tags":[3668,3670,3671],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/536"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=536"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/536\/revisions"}],"predecessor-version":[{"id":19869,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/536\/revisions\/19869"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}