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NICAI Update - 7 Dec 2016

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  • NICAI Update - 7 Dec 2016

    1. Income Tax Department has referred to the SEBI outcome of investigation conducted in large number of companies listed on the stock exchanges, trading in which was manipulated and misused, inter alia, for purposes of large scale tax evasion.

    2.SEBI has notified amendments to the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016 and SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2016. They shall come into force on the date of their publication in the Official Gazette.

    3.ESIC has increased the monthly wage limit to Rs.21,000, from Rs.15,000. The upward increase in revision would add about 3.5 million new members to the ESIC pool.

    4.RBI on a review, has decided to extend the time for deployment of Aadhaar-enabled devices till June 30, 2017.
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