Govt. notifies projects of various entities for purpose of relief under section 35AC
Posted Date : 17-Feb-2015 , 06:32:53 pm | Posted By: CASANSAAR
S.O. 51(E).—In exercise of the powers conferred by Sub-section (I) read with clause (b) of the Explanation toSection 35 AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of theNational Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the saidNational Committee, mentioned in column (2) of the Table below, and approves the eligible projects or schemes specifiedto be carried on by the said institution...
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Income Tax |
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Companies (Removal of Difficulties) Order, 2015 has been released by MCA
Posted Date : 17-Feb-2015 , 08:06:23 am | Posted By: CASANSAAR
Companies (Removal of Difficulties) Order, 2015 has been released by MCA dated February 13, 2015 - The impact is as Small Company - 'A small company is now defined as a company (other than public company) whose paid up capital is upto Rs 50 lakhs AND turnover upto Rs 2 crores. Earlier it was OR....
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Corporate Laws |
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Date of Filing of Reconciliation Return (CST form 9) for the Year 13-14 extended to 31/03/2015
Posted Date : 17-Feb-2015 , 08:04:21 am | Posted By: CASANSAAR
In partial modification to this department’s Circular No.21 of 2014-15 on thesubject cited above, and in exercise of the powers conferred under Rule 49A of theDelhi Value Added Tax Rules, 2005 read with section 9(2) of Central Sales Tax Act,1956, I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby extend the lastdate of filing of online return in Form 9 for the year 2013-14, prescribed under Rule 4of Central Sales Tax (Delhi) Rules, 2005 to 31/03/2015
The return is to be filed ...
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VAT |
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Fees for Online IEC Applications: Corrigendum to Public Notice. 79 / (RE-2013)/2009-2014 dated the 31st December, 2014
Posted Date : 16-Feb-2015 , 08:02:28 am | 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.85 (RE-2013)/2009-2014
New Delhi, dated the 13th February, 2015
Subject: Fees for Online IEC Applications: Corrigendum to Public Notice. 79 / (RE-2013)/2009-2014 dated the 31st December, 2014.
In exercise of powers conferred underparagraph 2.4o...
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DGFT |
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Extension of time for filing of Notice of appointment of the Cost Auditor ln Form CM-2.
Posted Date : 14-Feb-2015 , 08:43:07 am | Posted By: CASANSAAR
In continuation to the General Circular No. 42/2014, the last date of filing of Form CM-2 withoutany penalty/late fee is hereby extended upto 31st March.2015....
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Corporate Laws |
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Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps
Posted Date : 13-Feb-2015 , 06:53:02 pm | Posted By: Yogita Bajaj
RBI/2014-15/469A.P. (DIR Series) Circular No. 78
February 13, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps
Attention of Authorised Dealers Category‐I (AD Category‐I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB‐2000 dated May 3, 2000) as amended from time to time andA.P. (DIR ...
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RBI |
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Clarification regarding 'Amounts not deductible' under sub-clause (i) of clause (a) of section 40 on Inocme-tax Act, 1961 ('Act') - CBDT
Posted Date : 13-Feb-2015 , 08:12:21 am | Posted By: CASANSAAR
Clarification regarding 'Amounts not deductible' under sub-clause (i) of clause (a) of section 40 on Inocme-tax Act, 1961 ('Act') - regarding - Circular 3/2015, Dated 12-02-2015...
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Income Tax |
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Foreign Direct Investment – Reporting under FDI Scheme on the e-Biz platform
Posted Date : 13-Feb-2015 , 07:59:02 am | Posted By: CASANSAAR
RBI//2014-15/468A.P (DIR Series) Circular No.77
February 12, 2015
To
All Category – I Authorised Dealer Banks
Madam/Sir
Foreign Direct Investment –Reporting under FDI Scheme on the e-Biz platform
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to the provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000, notified by the Reserve Bank videNotification No. FEMA 20/2000-RB, dat...
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FEMA |
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Foreign Exchange Management Act, 1999 – Import of Goods into India
Posted Date : 13-Feb-2015 , 07:58:11 am | Posted By: CASANSAAR
RBI/2014-15/467A. P. (DIR Series) Circular No.76
February 12, 2015
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 – Import of Goods into India
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P.(DIR Series) Circular No. 82 dated February 21, 2012in terms of which applications by persons, firms and companies for making payments, exceeding USD 5,000 or its equivalent towards imports into Ind...
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FEMA |
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Attention is invited to Board Circular No 33/2010
Posted Date : 12-Feb-2015 , 05:55:23 pm | Posted By: Ravich
Circular No.07/2015-Customs
F. No. 450/77/2010-CusIV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
***
New Delhi, dated 12.02.2015
To,
All Chief Commissioners of Customs / Customs (Preventive)
All Chief Commissioners of Customs and Central Excise
All Commissioners of Customs / Customs (Preventive)
All Commissioners of Customs and Central Excise
Sir/ Madam,
Attention is invited to Board Circular No 33/2010- Customs dated 07.09....
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Custom |
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Regarding amendments to certain All Industry Rates of Duty Drawback
Posted Date : 12-Feb-2015 , 05:48:17 pm | Posted By: Ravich
Sir/ Madam,
The Government considered representations and feedback related to the All Industry Rates
(AIR) of Duty Drawback that were made effective from 22.11.2014 and has notified certainamendments effective from 13.02.2015 vide Notification Nos. 20/2015-Customs (N.T.) and 21/2015-
Customs (N.T.), both dated 10.02.2015. These can be downloaded from www.cbec.gov.in andperused. The changes made, inter-alia, include -...
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Custom |
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Instructions regarding adjudication of Central Excise and Service Tax Cases booked by DGCEI
Posted Date : 11-Feb-2015 , 06:38:31 pm | Posted By: CASANSAAR
New Delhi, dated the 10th Feb., 2015
To
The Director General of Central Excise Intelligence,
Principal Chief / Chief Commissioners of Central Excise (All),
Principal Chief / Chief Commissioners of Central Excise & Service Tax (All).
Sub: Instructions regarding adjudication of Central Excise and Service Tax Cases booked by DGCEI.
Sir / Madam,
Attention is invited toNotification no 38/2001 - C.E (N.T) dt 26-6-2001as amended from time to time whereby the officers of various ...
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Excise |
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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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RBI |
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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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Income Tax |
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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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Category :
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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Category :
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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Category :
Income Tax |
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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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Category :
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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Category :
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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Category :
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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Category :
FEMA |
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