Clarification on method of calculation of safeguard duty leviable vide notification No.4/2012-Customs (SG) dated 05.10.2012 on import of Carbon Black under Advance Authorization Scheme
Posted Date : 18-Nov-2014 , 08:01:50 am | Posted By: CASANSAAR
Circular No.11/2014-Customs
F.No.354/59/2014-TRU
Government of India
Ministry of Finance
(Department of Revenue)
Tax Research Unit
*****
New Delhi, the 14thNovember, 2014
To,
Principal Chief Commissioners / Chief Commissioners of Customs (All)
Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All)
Principal Director General, Directorate General of Revenue Intelligence
Sir / Madam,
Subject:Method of calculation of safeguard duty leviablevide...
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Custom |
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MCA has extended date of Company Law Settlement Scheme to 31/12/2014
Posted Date : 14-Nov-2014 , 07:32:07 pm | Posted By: CASANSAAR
In continuation to the Ministry's General Circular No.34/2014 datedl2.Oa.2OI4 arrd 4O/2O14 dated 15/1Ol2O14 on t}te subject cited above, tlisMinistry has, on consideration of requests received from various stakeholders,has decided to extend the Company Law Settlement Scheme (CLSS 2014) upto 31"t December. 2014...
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Corporate Laws |
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Cheque related fraud cases - preventive measures
Posted Date : 14-Nov-2014 , 03:59:12 pm | Posted By: Rupa Kaushik
RBI/2014-15/303DCBR.CO.BPD.(PCB). Cir No 2/12.05.001/2014-15
November 13, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Cheque related fraud cases - preventive measures
The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or processing the cheques and monitoring newly opened accounts. Primary (Ur...
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RBI |
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Budget (2014-15) Announcement Financing of Joint Farming groups of ‘Bhoomi Heen Kisan’
Posted Date : 14-Nov-2014 , 03:54:56 pm | Posted By: Rupa Kaushik
RBI/2014-15/304FIDD.CO.FSD.BC 42/05.02.02/2014-15
November 13, 2014
The Chairman and Managing DirectorAll Scheduled Commercial Banks
Dear Sir
Budget (2014-15) AnnouncementFinancing of Joint Farming groups of ‘Bhoomi Heen Kisan’
As per Para 80 of the Union Budget, it has been declared that 5 lakh Joint Liability Groups of ‘Bhoomi Heen Kisan’ will be financed through NABARD in the current financial year. The detailed guidelines, based on the inputs received from NABARD...
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RBI |
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Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operative Banks
Posted Date : 13-Nov-2014 , 04:05:00 pm | Posted By: Ravich
RBI/2014-15/302DCBR.CO.BPD .(AD). Cir No 1/14.01.062/2014-15
November 13, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Madam / Sir,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) -Standards - Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD.(AD).Cir.No.1/14.01.062/2014-15 July 31, 2014on risks arising from the deficiencies in AML / CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has upd...
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RBI |
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MCA extends due date of e-filing of new form for notice of appointment of cost auditor to January 31, 2015
Posted Date : 12-Nov-2014 , 06:50:39 pm | Posted By: CASANSAAR
MCA extends due date of e-filing of new form for notice of appointment of cost auditor to January 31, 2015.General Circular 42, dated 12.11.2014: Clarification on matters relating to the Companies(Cost Records and Audit) Rules,2014...
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Corporate Laws |
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Income Tax Department to remain open on 15th November, 2014
Posted Date : 12-Nov-2014 , 07:40:23 am | Posted By: CASANSAAR
F.No.225/298/20114/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the 11th of November, 2014
Order under Section 119(1) of the Income-tax Act, 1961
The Income-tax Offices throughout the country shall remain open on 15th November (Saturday), during normal office hours, for conducting the administrative work related to implementation of the restructuring of jurisdictions across the country which is coming into effect...
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Income Tax |
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Review of the Non-Banking Financial Company – Factors (Reserve Bank) Directions, 2012
Posted Date : 10-Nov-2014 , 08:14:36 pm | Posted By: CASANSAAR
RBI/2014-15/300DNBR (PD) CC.No. 003/22.10.91/2014-15
November 10, 2014
Dear Sirs,
Review of the Non-Banking Financial Company – Factors (Reserve Bank) Directions, 2012
Please refer toDNBS (PD) CC. No. 297/Factor/22.10.91/ 2012-13, dated July 23, 2012in terms of which an NBFC-Factor shall ensure that its financial assets in the factoring business constitute at least 75 per cent of its total assets and its income derived from factoring business is not less than 75 per cent of its gross i...
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RBI |
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Revised Regulatory Framework for NBFC
Posted Date : 10-Nov-2014 , 08:13:58 pm | Posted By: CASANSAAR
RBI/2014-15/299DNBR (PD) CC.No. 002/03.10.001/2014-15
November 10, 2014
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Revised Regulatory Framework for NBFC
The NBFC (Non-Banking Finance Company) sector has evolved considerably in terms of its size, operations, technological sophistication, and entry into newer areas of financial services and products. NBFCs are now deeply interconnected with the entities in the financial sector, on both sides of their balance sheets. Being financ...
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RBI |
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Due Date of DVAT Return for IInd Quarter has been extended
Posted Date : 10-Nov-2014 , 12:44:18 pm | Posted By: CASANSAAR
In partial modification to this department’s Circular No.14 of 2014-15 on thesubject cited above, and in exercise of the powers conferred under Rule 49A of theDelhi Value Added Tax Rules, 2005, I, Sanjeev Khirwar, Commissioner, Value AddedTax, do hereby extend the last date of filing of online/hard copy of second quarterreturn for the year 2014-15, in Form DVAT-16 ,DVAT-17 and DVAT-48 along withrequired annexures/enclosures to 17/11/2014.
However, the tax due shall continue to be paid i...
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VAT |
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Press Release regarding instruction issued to ensure a non-adversarial tax regime within the Income-tax Department
Posted Date : 08-Nov-2014 , 07:55:39 am | Posted By: CASANSAAR
In its constant endeavour towards a non-adversarial tax regime, the CentralBoard of Direct Taxes(CBDT) has issued instruction dated 7th November, 2014 to itsfield offices. Emphasis has been laid on cleanliness in office, punctuality, timelinessin appointment and avoiding unnecessary adjournments. Though less that 1% ofreturns filed are selected for scrutiny, this area of work has often drawn adversarialcomments. Supervisory officers, have been directed to play a more pro-active role inmonitoring...
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Income Tax |
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Delhi VAT – Withdrawal of filing of information related to statutory forms online in Form CD-1
Posted Date : 06-Nov-2014 , 08:57:46 pm | Posted By: CASANSAAR
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE & TAXES
VYAPAR BHAWAN :
I.P.ESTATE:
NEW DELHI -110 002
No. F.7(450)Policy/VAT/2014/455-466
Dated: 5/11/2014
NOTIFICATION
I, Sanjeev Khirwar, Commissioner, Value Added Tax, in exercise of the powers conferred under section 70 of the Delhi Value Added Tax Act, 2004 ( Delhi Act 3 of 2005), do hereby withdraw the filing of information related to statutory forms online in Form CD-1 notified vide Notification...
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VAT |
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Designated Director – Amendment to Section 13(2) of Prevention of Money Laundering Act (PMLA)
Posted Date : 06-Nov-2014 , 11:42:33 am | Posted By: May I Help You.
RBI/2014-15/296DCBR.CO.BPD .(PCB). No 1/14.01.062/2014-15
November 5, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Designated Director – Amendment to Section 13(2) of Prevention of Money Laundering Act (PMLA)
Please refer to ourcircular UBD.CO.BPD.(PCB).Cir No.48/14.01.062/2013-14 dated February 18, 2014wherein UCBs were advised that they may nominate a Director on their Boards as ‘Designated Director’ to ensure compliance with the...
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RBI |
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Cheque related fraud cases - preventive measures
Posted Date : 06-Nov-2014 , 11:39:48 am | Posted By: May I Help You.
RBI/2014-15/294DBS.CFMC.BC.No. 006 /23.04.001/2014-15
November 5, 2014
The Chairperson / Chief Executive OfficersAll Scheduled Commercial Banks (excluding RRBs) / Local Area Banks
Dear Sir / Madam,
Cheque related fraud cases - preventive measures
The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or processing the cheques and monitoring...
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RBI |
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Splitting up of rebate claims to avoid Pre-Audit
Posted Date : 05-Nov-2014 , 07:58:49 am | Posted By: CASANSAAR
F. No. 206/05/2014-CX.6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Dt: 03.11.2014
To
The Chief Commissioners of Central Excise (All)
Sub: Splitting up of rebate claims to avoid pre-audit-reg.
Instances have been brought to the notice of the Board where the assesses have submitted rebate claims by splitting up the amounts of rebate claims so as to keep each individual claim below ₹ 5 lakhs to avoid pre-audit.
2. Reba...
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Excise |
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Company Law Board (Fees on Applications and Petitions) Amendment Rules, 2014
Posted Date : 04-Nov-2014 , 07:58:38 am | Posted By: CASANSAAR
G.S.R.-In exercise of the powers conferred by section 642 read withsub-section (2) of section 6374. ofthe Companies Act, 1956 (1 of 1956) andthe removal of difficulty Orders issued by the Central Governm€nt undersection 470 of t}Ie Companies Act, 2013, the Central Govemment herebymakes the following rules further to amend the Company Law Board (Feeson Applications and Petitions) Rules, 1991 namely...
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Corporate Laws |
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Basel III Framework on Liquidity Standards – Monitoring tools for Intraday Liquidity Management
Posted Date : 04-Nov-2014 , 07:55:01 am | Posted By: CASANSAAR
RBI/2014-15/293DBR.BP.BC.No.46/21.04.098/2014-15
November 3, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Monitoring tools for Intraday Liquidity Management
Please refer to the ‘Fourth Bi-Monthly Monetary Policy Statement’ announced on September 30, 2014, wherein it was proposed to issue final guidelines for monitoring tools for intra-day liquidity management in October 2014, consistent with the quantitative too...
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RBI |
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U/S 144C Income Tax Act 1961 - Jurisdiction of DRP for cases and class of cases amended by CBDT
Posted Date : 03-Nov-2014 , 07:56:26 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
FT &TR-II Division
F. No. 500/12/2013-SO/FT&TR-2(1)
New Delhi, dated 30thOctober, 2014
ORDER NO. 12/FT&TR/2014
In partial modification toOrder No. 7/FT&TR/2013 dated 14thNovember, 2013and in exercise of the powers conferred undersection 144Cof theIncome-tax Act, 1961(43 of 1961)read withIncome-tax (Dispute Resolution Panel) Rules, 2009as amended from time to time and keeping in...
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Income Tax |
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Measures for Revenue Augmentation - calling for returns of income in the case of non-filers for AY 2014-15 regarding
Posted Date : 31-Oct-2014 , 06:42:40 pm | Posted By: CASANSAAR
DIRECTORATE OF INCOME TAX (SYSTEMS)
ARA Centre, Ground Floor, E-2, Jhandewalan Extension,
New Delhi-110055
F. No. DIT(S)-II/Non-filers/2014-15/4011
Dated: 29.10.2014
To,
The Principal Chief Commissioner of Income-tax / Chief Commissioner of Income-tax (By Name)
Ahmedabad / Allahabad / Amritsar / Bangalore / Baroda / Bhopal / Bhubaneswar / Bareilly/ Chandigarh / Chennai / Cochin / Coimbatore / Dehradun / Delhi / Durgapur / Guwahati / Hubli / Hyderabad / Indore/ Jaipur / Jalpaiguri / Jo...
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Income Tax |
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KYC – Clarification on Proof of Address
Posted Date : 31-Oct-2014 , 06:37:57 pm | Posted By: CASANSAAR
RBI/2014-15/288RPCD.RRB.RCB.AML.No.4424/07.51.018/2014-15
October 31, 2014
Regional Rural Banks (RRBs) /State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
KYC – Clarification on Proof of Address
Please refer to ourcircular RPCD.RRB.RCB.AML.BC.No.111/07.51.018/2013-14 dated June 12, 2014on the captioned subject. In this regard we also draw your attention to ourcircular RPCD.RRB.RCB.AML.No.2797/07.51.018/2014-15 dated September 9, 2014, forwarding copies of a Press Release...
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RBI |
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UP VAT Audit Due Date Extended to 30/11/2014
Posted Date : 30-Oct-2014 , 05:20:44 pm | Posted By: CASANSAAR
REGARDING DATE EXTENSION OF ANNUAL RETURN (FORM 52,52A,52B). Circular No.1415087dated 30/11/2014...
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VAT |
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Extension of last date for e-filing of quarterly return PVAT -15 to 3rd November, 2014
Posted Date : 30-Oct-2014 , 09:12:58 am | Posted By: CASANSAAR
Public Notice
Kind Attention: Dealers/Lawyers/Chartered Accountants/Other Stakeholders
In the light large number of representations received from lawyers and trade bodies, it is notified that last date of filing of VAT-15 return of Quarter -2 ending 30th September, 2014 for the year 2014-15, has been extended to 3rd November, 2014. However, dates for payment of tax will remain unchanged.
Dated: 29th October, 2014 Excise and Taxation Commissioner, Punjab
...
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VAT |
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Undertaking of Activity by UCBs as PAN Service Agents (PSA)
Posted Date : 30-Oct-2014 , 08:25:51 am | Posted By: CASANSAAR
RBI/2014-15/280UBD.BPD. (PCB). Cir No.24/13.05.000/2014-15
October 29, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Undertaking of Activity by UCBs as PAN Service Agents (PSA)
Please refer tocirculars UBD.BPD. (PCB). Cir. No. 63/13.05.000/2013-14 dated May 16, 2014andUBD.BPD. (PCB). Cir. No. 38/13.05.000/2013-14 dated November 14, 2013, permitting only Financially Sound and Well Managed (FSWM) UCBs to act as PAN Service Agent (PSA), with prior appr...
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RBI |
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Fourth Bi-monthly Monetary Policy for 2014-15 Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks
Posted Date : 30-Oct-2014 , 08:24:41 am | Posted By: CASANSAAR
RBI/2014-15/279UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15
October 29, 2014
The Chief Executive Officers ofAll Scheduled Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Fourth Bi-monthly Monetary Policy for 2014-15Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks
Please refer to para 24 of Fourth Bi-Monthly Monetary Policy Statement 2014-15 (extract appended) by Reserve Bank of India on September 30, 2014 on the captioned subject.
2. In order to pr...
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RBI |
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Risk Weights for calculation of CRAR
Posted Date : 30-Oct-2014 , 08:23:40 am | Posted By: CASANSAAR
RBI/2014-2015/278RPCD.RCB.BC.No.37/07.51.012/2014-15
October 29, 2014
All State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Risk Weights for calculation of CRAR
Please refer to ourcircular RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007advising StCBs/CCBs to compute CRAR and disclose it as ‘Notes on Accounts’. Risk weights to be allotted to various items of assets were enclosed asannex Ito the above mentioned circular.
2. In the light of thecircular RPCD...
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RBI |
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Framing of scrutiny assessments in cases of fish farmers involved in running inland fresh water fish tanks-regarding
Posted Date : 30-Oct-2014 , 08:22:15 am | Posted By: CASANSAAR
INSTRUCTION NO. 8/2014
F. No. 225/271/2014-ITA.II
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
Room No. 143E, North Block, New Delhi
Dated the 27thOctober, 2014
To
All Pr. Chief-Commissioners of Income-tax/Chief-commissioners of Income-tax
All Pr. Directors-General of Income-tax/Directors-General of Income-tax
Sir/Madam
Subject:- Framing of scrutiny assessments in cases of fish farmers involved in running inland fresh water fish ...
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Category :
Income Tax |
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Amendment in Schedule VII of the Companies Act, 2013 - MCA
Posted Date : 27-Oct-2014 , 08:41:43 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (1) of section 467 ofthe Companies Act, 2013 (18 of 2013), the Central Government hereby makes thefollowing further amendments to Schedule Vll of the said Act, namely:-
(i) In item (i), after the words "and sanitation", the words "includingcontribution to the Swach Bharat Kosh set-up by the Central Government forthe promotion of sanitation" shall be inserted;
(ii) In item (iv), after the words "and water", the words "including contribution...
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Corporate Laws |
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Due Date for filing ST-3 Extended from 25th October, 2014 to 14th November, 2014.
Posted Date : 24-Oct-2014 , 06:56:51 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-rule (4) of rule 7 of the Service Tax Rules,1994, the Central Board of Excise & Customs hereby extends the date of submission of theForm ST-3 for the period from 1st April 2014 to 30th September 2014, from 25th October,2014 to 14th November, 2014...
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Category :
Service Tax |
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Know Your Customer (KYC) Norms – Clarification on proof of address
Posted Date : 22-Oct-2014 , 09:36:43 pm | Posted By: CASANSAAR
RBI/2014-15/273UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15
October 22, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms – Clarification on proof of address
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014on the captioned subject. In this connection we also draw your attention to ourcircular UBD. BPD (PCB). Cir.No. 16/14.01.062/2014-15 dated September 16, 2014, forwarding copi...
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RBI |
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Constitution of Review Committee of Commissioners of Central Excise and Service Tax
Posted Date : 22-Oct-2014 , 09:35:42 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (1A) of section 86 of theFinance Act, 1994(32 of 1994), the Central Board of Excise and Customs constitutedunder the Central Board of Revenue Act,1963 (54 of 1963) constitutes the followingCommittees consisting of two Commissioners of Central Excise mentioned in column(2) of the Table below to be the Committee, for the areas falling within the jurisdiction ofthe Commissioner of Central Excise (Appeals) mentioned in the corresponding entry incolu...
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Service Tax |
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