New format for e-IEC- introduction of Appendix 18B -1 (Format of e-IEC) in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014
Posted Date : 11-Feb-2015 , 06:36:38 pm | Posted By: CASANSAAR
To be published in the Gazette of India Extraordinary
(Part-I, Section-1)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi -110 011
Public Notice No. 84 (RE-2013)/2009-2014
New Delhi, dated the 10th February, 2015
Subject: New format for e-IEC- introduction of Appendix 18B -1 (Format of e-IEC) in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014.
In exercise of power...
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DGFT |
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No Sec. 234A interest on self-assessment tax paid before due date of filing of return; CBDT clarifies
Posted Date : 11-Feb-2015 , 01:04:12 pm | Posted By: Ravich
SECTION 234A OF THE INCOME-TAX ACT, 1961 - INTEREST FOR DEFAULTS IN FURNISHING RETURN OF INCOME - CHARGEABILITY OF INTEREST UNDER SECTION 264A ON SELF-ASSESSMENT TAX PAID BEFORE DUE DATE OF FILING OF RETURN OF INCOME
DRAFT CIRCULAR NO. 2/2015 [F.NO.385/03/2015-IT(B),DATED 10-2-2015
Interest under section 234A of the Income-tax Act, 1961 (hereinafter the Act) is charged in case of default in furnishing return of income by an assessee. The interest is charged at the specified rate on the amount ...
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Income Tax |
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Scheme of Kisan Vikas Patra, 2014
Posted Date : 09-Feb-2015 , 10:39:32 pm | Posted By: CASANSAAR
RBI/2014-15/463IDMD(DGBA).CDD.No.3484/15.02.001/2014-15
February 09, 2015
The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Ove...
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Income Tax |
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Delay in Utilization of Advance Received for Exports
Posted Date : 09-Feb-2015 , 06:15:21 pm | Posted By: Ravich
RBI/2014-15/461A. P. (DIR Series) Circular No.74
February 09, 2015
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Delay in Utilization of Advance Received for Exports
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the sub-regulation (1) of Regulation 16 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, notified videNotification No. FEMA 23 / RB-2000, dated May 3, 2000, as amended from time to time rea...
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Sukanya Samriddhi Account
Posted Date : 07-Feb-2015 , 10:51:44 am | Posted By: Lotus Choudhary
S.O. 210(E).—
In exercise of the powers conferred
by clause (viii) of sub-section (2) of section 80C of the
Income-tax
Act, 1961 (43 of 1961), the Central Government
hereby specifies the ‘Sukanya Samriddhi
Account’
for the
purposes of the said clause.
2. This notification shall come into force with effect
from the date of its publication in the Official Gazette.
[Notification No. 9/2015, F. No. 178/3/2015-ITA. I ]
...
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Maharashtra govt. increases Death cum retirement gratuity limit to Rs. 7 lakhs
Posted Date : 06-Feb-2015 , 06:10:27 pm | Posted By: CASANSAAR
The Government is pleased to increase the maximum limit of Death cum retirement gratuity to Rs. 7 lakhs to all the eligible State Government pensioners/ family pensioners who retired /died on or after 1st January, 2006, pursuant to the decision of the Hon. Supreme Court dt. 30.01.2013 in Civil Appeal 908/2013 arising out of S.L.P.3700/2012. The Government Resolution dated 21st August, 2009 referred to above is hereby cancelled.
2. Accordingly, all the eligible pensioners/ family pensioners w...
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Income Tax |
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Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
Posted Date : 06-Feb-2015 , 05:27:56 pm | Posted By: Ravich
RBI/2014-15/457DBR.RRB.No. 72 /03.05.100/2014 -15
February 6, 2015
All Regional Rural Banks
Dear Sir/Madam,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
We advise that the names of five Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notificationsRPCD.CO.RRB.BC.No.76/03.05.100/ 2013-14 dated January 27, 2014,RPCD.CO.RRB.BC.No.94/03.05.100/ 2013-14 dated April 9, 20...
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RBI |
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Inflation Indexed National Savings Securities - Cumulative, 2013 - Early repayment/redemption
Posted Date : 06-Feb-2015 , 04:19:27 pm | Posted By: Yogita Bajaj
RBI/2014-15/456IDMD(DGBA).CDD.No. 3476/13.01.999/2014-15
February 06, 2014
The Chairman & Managing DirectorHead Office (Government Accounts Department)State Bank of India & Associate BanksAll Nationalised BanksICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., andStock Holding Corporation of India Ltd (SHCIL).
Dear Sir/Madam,
Inflation Indexed National Savings Securities-Cumulative, 2013 - Early repayment/redemption
Please refer to ourcircular DGBA.CDD.No.2589/13.01.999/2014-2015 dated...
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RBI |
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Re-repo of Government Securities Market
Posted Date : 06-Feb-2015 , 07:58:52 am | Posted By: CASANSAAR
RBI/2014-15/454FMRD.DIRD.5/14.03.002/2014-15
February 05, 2015
All Market Participants
Dear Sir/Madam,
Re-repo of Government Securities Market
Please refer toparagraph 26of the fourth bi-monthly Monetary Policy Statement 2014-15 wherein it was proposed that re-repo of Government securities will be permitted subject to appropriate control measures and development of IT infrastructure.
2. In this connection, a reference is invited toRBI circular IDMC/PDRS/3432/10.02....
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RBI |
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Foreign investment in India by Foreign Portfolio Investors
Posted Date : 06-Feb-2015 , 07:57:45 am | Posted By: CASANSAAR
RBI/2014-15/453A.P. (DIR Series) Circular No.72
February 05, 2015
To,
All Authorised Persons
Madam/ Sir,
Foreign investment in India by Foreign Portfolio Investors
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time, in terms of which register...
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FEMA |
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Guidelines for implementation of Countercyclical Capital Buffer (CCCB)
Posted Date : 05-Feb-2015 , 05:27:43 pm | Posted By: Ravich
RBI/2014-15/452DBR.No.BP.BC.71/21.06.201/2014-15
February 5, 2015
The Chairman and Managing Director/Chief Executives Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks)
Madam/Dear Sir,
Guidelines for implementation of Countercyclical Capital Buffer (CCCB)
The Internal Working Group of the Reserve Bank of India under the Chairmanship of Shri B Mahapatra had submitted the final Report on the implementation of Countercyclical Capital Buffer (CCCB) in July, 2014. The Repor...
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RBI |
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RBI releases Names of Applicants of Small Finance Banks and Payments Banks
Posted Date : 05-Feb-2015 , 08:22:30 am | Posted By: CASANSAAR
The Reserve Bank of India today released the names of applicants of small finance banks and payment banks, stating it received, in its Central Office, 72 applications for small finance banks (Annex I) and 41 applications for payments banks (Annex II).
It may be recalled that the guidelines for licensing of “Small Finance Banks” and “Payments Banks”, issued on November 27, 2014, indicated that in order to ensure transparency, the names of the applicants will be placed on ...
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RBI |
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Standard Operating Procedure for Prosecution in Cases of TDS/TCS Default
Posted Date : 05-Feb-2015 , 07:37:33 am | Posted By: CASANSAAR
Introduction:
1.1 As per theIncome Tax Act,all cases where TDS/TCS is deducted but not deposited within the due date, as prescribed, are punishableu/s 276B/276BBor278A. The selection of cases & their processing is further governed by Instruction F.No. 285/90/2008-IT(Inv-I)/05 dated 24.04.2008 which has been modified by the CBDT [vide F.No.285/90/2013-IT(Inv.)] dated 07.02.2013. Presently, the monetary limit specified for cases to be considered for prosecution is as under:
(i)Cases, whe...
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Foreign investment in India by Foreign Portfolio Investor
Posted Date : 03-Feb-2015 , 10:37:03 pm | Posted By: CASANSAAR
RBI/2014-15/448A.P.(DIR Series) Circular No. 71
February 03, 2015
To,
All Authorised Persons
Madam/ Sir,
Foreign investment in India by Foreign Portfolio Investors
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time and toA.P. (DIR Series) Ci...
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FEMA |
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Ready Forward Contracts in Corporate Debt Securities
Posted Date : 03-Feb-2015 , 10:36:10 pm | Posted By: CASANSAAR
RBI/2014-15/447FMRD.DIRD.04/14.03.002/2014-15
February 03, 2015
To All Market Participants
Ready Forward Contracts in Corporate Debt Securities
Please refer to thenotification no IDMD.DOD. 04/11.08.38/ 2009-10 dated January 8, 2010as amended videnotification no. IDMD.PCD. 21/11.08.38/2010-11 dated November 9, 2010andnotification no IDMD.PCD.08/14.03.02/2012-13 dated January 4, 2013on ready forward contracts in corporate debt securities. Reference is also invited tocirculars IDMD.DOD.08/11.08...
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RBI |
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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 03-Feb-2015 , 10:35:13 pm | Posted By: CASANSAAR
RBI/2014-15/445DBR.Ret.BC.70/12.02.001/2014-15
February 03, 2015
All Scheduled Commercial Banks,Local Area Banks and Regional Rural Banks
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).
Please refer to ourcirculars DBOD.Ret.BC.29/12.02.001/2014-15 dated August 05, 2014andRPCD.RRB.BC.No.24/03.05.33/2014-15 dated August 06, 2014, on the above mentioned subject.
2. As announced in theSixth Bi-Monthly Monetary ...
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RBI |
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Export Credit Refinance Facilities
Posted Date : 03-Feb-2015 , 04:09:20 pm | Posted By: Yogita Bajaj
RBI/2014-15/444REF.No.MPD.BC.376/07.01.279/2014-15
Magha 14, 1936 (Saka)February 3, 2015
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs)]
Dear Sir/Madam,
Export Credit Refinance Facilities
As announced in theSixth Bi-Monthly Monetary Policy Statement, 2014-15 dated February 3, 2015, it has been decided to merge the Export Credit Refinance (ECR) facility with the system level liquidity provision with effect from the fortnight beginning on February 7, 2015. Accordingly, no new r...
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RBI |
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Foreign Direct Investment in Pharmaceuticals sector – Clarification
Posted Date : 02-Feb-2015 , 09:25:57 pm | Posted By: CASANSAAR
RBI/2014-15/441A.P.(DIR Series) Circular No.70
February 02, 2015
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment in Pharmaceuticals sector – Clarification
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.124 dated April 21, 2014 and the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified videNotification No.FEMA ...
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FEMA |
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Guidelines for processing of online IEC applications and IEC check list - DGFT
Posted Date : 02-Feb-2015 , 06:32:24 pm | Posted By: CASANSAAR
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi-110011
Policy Circular No. 17 (RE-2013)/2009-2014
Dated the 30th January, 2015
To
All Regional Authorities
Subject : Guidelines for processing of online IEC applications and IEC check list
In continuation of the guidelines for processing online IEC applications, issued videPolicy Circular No. 15 dated the 31st December 2014, following furth...
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DGFT |
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Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts
Posted Date : 02-Feb-2015 , 05:41:35 pm | Posted By: Ravich
RBI/2014-15/437DBR.No. DEA Fund Cell.BC.66/30.01.002/2014-15
February 2, 2015
All Local Area Banks
Dear Sir,
Unclaimed Deposits/ Inoperative Accounts in Banks -Display list of Inoperative Accounts
Please refer to ourcircular DBOD.No.DEAF Cell.BC.114/30.01.002/2013-14 dated May 27, 2014on the Depositor Education and Awareness Fund Scheme, 2014(Scheme) and the Scheme notified by Government of India.
2. Keeping in view public interest, it has been decided that banks should play a more pro-act...
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RBI |
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Section 23 of the Banking Regulation Act, 1949 – Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs)
Posted Date : 02-Feb-2015 , 05:39:47 pm | Posted By: Ravich
RBI/2014-15/438DBR.No.BAPD.BC.68/22.01.001/2014-15
February 2, 2015
All Scheduled Commercial Banks (including RRBs)
Dear Sir/Madam,
Section 23 of the Banking Regulation Act, 1949 – Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs)
Please refer tocircular DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009wherein all SCBs have been permitted to install off-site ATMs at centers / places identified by them without having the need to take per...
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Date for filing DVAT return for 3rd QTR extended to 02.02.2015.
Posted Date : 02-Feb-2015 , 02:33:15 pm | Posted By: CASANSAAR
Date for filing DVAT return for 3rd QTR extended to 02.02.2015....
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Category :
VAT |
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Online IEC applications: Operationalisation of the Public Notice No. 76 dated 27/11/2014. - Public Notice - Dated 30-1-2015 - DGFT
Posted Date : 02-Feb-2015 , 08:26:44 am | Posted By: CASANSAAR
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
Public Notice. 83/(RE-2013)/2009-2014
Dated the 30th January, 2015
Subject: Online IEC applications: Operationalisation of the Public Notice No. 76 dated 27/11/2014.
The operationalisation of the mandatory system of online applications for IEC with effect from 01/01/2015 was notified videPublic Notice 76 dated 27/11/2014. This was, however, kept in abeyance videPublic Notice No. 80 d...
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DGFT |
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CBDT asks its officials to follow HC's ruling in 'Vodafone' in cases where shares were issued at premium to AEs
Posted Date : 29-Jan-2015 , 09:51:30 pm | Posted By: CASANSAAR
Instruction No. 2 / 2015
F. No. 500/15/2014 - APA-I
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Foreign Tax & Tax Research-I Division
APA-I Section
New Delhi, dated the 29thJanuary, 2015
To
All Principal CCsIT/DsGIT and CCsIT/DsGIT
Madam/Sir
Subject: Acceptance of the Order of the Hon'ble High Court of Bombay in the case of Vodafone India Services Pvt. Ltd.-reg.
In reference to the above cited subject, I am directed to draw ...
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Income Tax |
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Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Posted Date : 29-Jan-2015 , 06:06:54 pm | Posted By: Ravich
RBI/2014-15/436DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-15
January 28, 2015
Chief Executive Officers of allPrimary (Urban) Co-operative Banks
Madam / Dear Sir
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Please refer to ourcircular UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15 dated October 13, 2014.
2. We have received representations from various stakeholders requesting us to review the definition of regulatory comfort a...
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RBI |
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Regarding Collection of anti-dumping duty beyond the validity period
Posted Date : 29-Jan-2015 , 01:56:30 pm | Posted By: Rupa Kaushik
Circular No. 05/2015-Customs
F.No.354/104/2014-TRU
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
*****
New Delhi, the 28thJanuary, 2015
To,
Chief Commissioners of Customs (All),
Chief Commissioners of Central Excise and Customs (All),
Director General, Directorate General of Revenue Intelligence,
Commissioners of Customs (All),
Commissioners of Central Excise and Customs (All).
Madam/Sir,
Subject: Collection of anti-dumping duty beyond the...
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Custom |
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Membership of Credit Information Companies (CICs) by Co-operative Banks
Posted Date : 29-Jan-2015 , 01:07:03 pm | Posted By: Rupa Kaushik
RBI/2014-15/435DCBR.BPD.(PCB/RCB).Cir No.13/16.74.000/2014-15
January 29, 2015
The Chief Executive OfficersAll Primary (Urban) Co-operative BanksAll State and Central Co-operative Banks
Dear Sir/Madam
Membership of Credit Information Companies (CICs) by Co-operative Banks
Please refer to ourcirculars UBD.BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 03, 2009andRPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 01, 2009advising co-operative banks to take membership of at leas...
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RBI |
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Govt. notifies 'Indian National Group of International Association' for Sec. 10(23A) exemption
Posted Date : 28-Jan-2015 , 08:09:43 pm | Posted By: CASANSAAR
Govt. notifies 'Indian National Group of International Association' for Sec. 10(23A) exemption
January 28, 2015
SECTION 10(23A) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - PROFESSIONAL ASSOCIATIONS - NOTIFIED ASSOCIATION
NOTIFICATION NO.4/2015 [F.NO. 196/36/2013-ITA.I],DATED 20-1-2015
In exercise of the powers conferred by clause (23A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the"Indian National Group of the International Associa...
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Income Tax |
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Govt. notifies certain entities for exemption under section 10(46)
Posted Date : 28-Jan-2015 , 08:02:19 pm | Posted By: CASANSAAR
SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - TAMIL NADU WATER SUPPLY AND DRAINAGE BOARD
NOTIFICATION NO. 5/2015 [F.NO.196/28/2013-ITA.I],DATED 20-1-2015
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies for the purposes of the said clause, the 'Tamil Nadu Water Supply and Drainage Board ', a Board constituted un...
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Income Tax |
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Now deposit in 'Sukanaya Samridhi Account' would provide sec. 80C relief
Posted Date : 28-Jan-2015 , 07:50:22 pm | Posted By: CASANSAAR
SECTION 80C OF THE INCOME-TAX ACT, 1961 - DEDUCTIONS - IN RESPECT OF INSURANCE PREMIUM, ETC. - NOTIFIED PLAN UNDER SECTION 80C(2)(viii)
NOTIFICATION NO. 9/2015 [F.NO.178/3/2015-ITA-1],DATED 21-1-2015
In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 'Sukanya Samriddhi Account' for the purposes of the said clause.
2.This notification shall come into force with effect...
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Income Tax |
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