Levy of Penal Charges on Non-maintenance of Minimum Balances in Savings Bank Accounts
Posted Date : 12-Dec-2014 , 09:00:04 pm | Posted By: CASANSAAR
RBI/2014-15/349DCBR.BPD (PCB/RCB) Cir. No. 3/12.05.001/2014-15
December 12, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (St CBs / CCBs)
Madam / Dear Sir,
Levy of Penal Charges on Non-maintenance of Minimum Balances in Savings Bank Accounts
Please refer to UBDcircular UBD.PCB.Cir.No.15/12.05.001/2008-09 dated September 18, 2008on ‘Display of information relating to interest rate and service charges’ and RPCDCircular...
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CBDT revises jurisdictions of DGITs, DITs of Intelligence and Criminal Investigation wing
Posted Date : 12-Dec-2014 , 07:52:20 am | Posted By: CASANSAAR
CBDT revises jurisdictions of DGITs, DITs of Intelligence and Criminal Investigation wing...
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Inflation Indexed National Savings Securities - Cumulative, 2013 - Early repayment/redemption
Posted Date : 12-Dec-2014 , 07:42:57 am | Posted By: CASANSAAR
RBI/2014-15/348IDMD(DGBA).CDD.No.2589/13.01.999/2014-15
December 11, 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.3688/13.01.999/2013-2014 dated ...
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CBDT releases circular on tax deduction from salaries for financial year 2014-15
Posted Date : 10-Dec-2014 , 09:44:42 pm | Posted By: CASANSAAR
CIRCULAR NO : 17/2014
F.No. 275/192/2014-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
North Block, New Delhi
Dated 10th December, 2014
SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THEFINANCIAL YEAR 2014-15 UNDER SECTION 192 OF THE INCOMETAX ACT, 1961.
Reference is invited to Circular No.08/2013 dated 25.10.2013 whereby the rates ofdeduction of income-tax from the payment of income under the head "Salaries" u...
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Audit of the Service Tax assessees by the officers of Service Tax and Central Excise Commissionerates
Posted Date : 10-Dec-2014 , 09:37:33 pm | Posted By: CASANSAAR
Circular No. 181/7/2014-Service Tax
F. No. 137/46/2014-Service Tax
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
New Delhi, the 10th December, 2014
To,
All Principal Chief Commissioners / Chief Commissioners of Central Excise/Service Tax
Principal Directors General/ Director General Service Tax/ DGCEI/Systems/ Audit
All Principal Commissioners/Commissioners of Central Excise/Service Tax
All Principal Additional Directors General/ Add...
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RIDF and other funds
Posted Date : 10-Dec-2014 , 09:31:55 pm | Posted By: CASANSAAR
RBI/2014-15/345FIDD.CO.Plan.BC.46/04.09.59/2014-15
December 10, 2014
The Chairman/Managing Director/Chief Executive Officer(All Scheduled Commercial Banks excluding RRBs)
Dear Sir/Madam,
RIDF and other funds
Please refer to ourCircular RPCD.CO.Plan.BC.66/04.09.54/2011-12 dated March 16, 2012on the above subject. In this connection, it has been decided to restructure the classification of shortfall and interest payable to banks falling in these categories on deposits placed by them in the ab...
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National Rural livelihoods Mission (NRLM) – Aajeevika - Interest Subvention Scheme
Posted Date : 09-Dec-2014 , 05:40:29 pm | Posted By: Ravich
RBI/2014-15/342FIDD.GSSD.CO.BC.No.45/09.01.03/ 2014-15
December 09, 2014
The Chairman / Managing DirectorAll Public and Private Sector Banks
Dear Sir / Madam,
National Rural livelihoods Mission (NRLM) – Aajeevika - Interest Subvention Scheme
Please refer to ourcircular RPCD.GSSD.CO.BC.No.57/09.01.03/2013-14 dated November 19, 2013on Interest Subvention Scheme under National Rural Livelihoods Mission (NRLM).
2. The revised guidelines for the year 2014-15 on Interest Subvention...
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Introduction of Digital Life Certificates for Pensioners
Posted Date : 09-Dec-2014 , 05:38:30 pm | Posted By: Ravich
RBI/2014-2015/344A.P.(DIR Series) Circular No.48
December 09, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Investments by Alternative Investment Funds (AIF)
Attention of the Authorised Dealer (AD - Category I) banks is invited to Regulation 26 ofNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from ...
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Overseas Investments by Alternative Investment Funds (AIF)
Posted Date : 09-Dec-2014 , 05:35:53 pm | Posted By: Ravich
RBI/2014-2015/344A.P.(DIR Series) Circular No.48
December 09, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Investments by Alternative Investment Funds (AIF)
Attention of the Authorised Dealer (AD - Category I) banks is invited to Regulation 26 ofNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from ...
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Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions
Posted Date : 08-Dec-2014 , 05:44:58 pm | Posted By: Rupa Kaushik
RBI/2014-15/339A.P.(DIR Series) Circular No.45
December 8, 2014
To
All Category – I Authorised Dealer banks
Madam/Sir,
Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000(the Principal Regulations) no...
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Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions- Defence
Posted Date : 08-Dec-2014 , 05:43:17 pm | Posted By: Rupa Kaushik
RBI/2014-15/340A.P. (DIR Series) Circular No. 46
December 8, 2014
To
All Category – I Authorised Dealer banks
Madam/Sir,
Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions- Defence
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulation 14 and Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside I...
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Govt. empowers CAs/CMAs nominated as special auditors, to conduct ST Audits
Posted Date : 06-Dec-2014 , 04:42:10 pm | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NOTIFICATION No. 23/2014-SERVICE TAX
New Delhi, the 5thDecember, 2014
14Agrahayana, 1936Saka
G.S.R.(E).-In exercise of the powers conferred by clause (k) of sub-section (2), read with sub-section (1) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes t...
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White Label ATMs (WLAs) in India - Guidelines
Posted Date : 06-Dec-2014 , 06:11:42 am | Posted By: CASANSAAR
RBI/2014-15/338DPSS.CO.PD.No.1025/02.10.003/2014-2015
December 5, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative BanksAuthorised ATM Network Operators / Card Payment Network OperatorsWhite Label ATM Operators
Madam / Dear Sir,
White Label ATMs (WLAs) in India - Guidelines
A reference is invited to ourcircular DPSS.CO.PD. No. 2298 / 02.10.002 / ...
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Mobile Banking Transactions in India - Operative Guidelines for Banks
Posted Date : 04-Dec-2014 , 05:27:20 pm | Posted By: Ravich
RBI/2014-15/337DPSS.CO.PD.No.1017/02.23.001/2014-2015
December 04, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam /Dear Sir
Mobile Banking Transactions in India - Operative Guidelines for Banks
A reference is invited to ourMaster Circular RBI/ 2014-15/104 DPSS.CO.PD. Mobile Banking.No.2/02.23.001/2014-15 dated July 1, 2014wh...
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CBDT notifies CIT(E) for granting Sec. 10(23C) approval to trusts
Posted Date : 04-Dec-2014 , 08:23:25 am | Posted By: CASANSAAR
CBDT notifies CIT(E) for granting Sec. 10(23C) approval to trusts...
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CBDT notifies CIT(E) for granting Sec. 10(23C) approval to educational institutions/hospitals
Posted Date : 04-Dec-2014 , 08:22:33 am | Posted By: CASANSAAR
CBDT notifies CIT(E) for granting Sec. 10(23C) approval to educational institutions/hospitals...
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Credit facilities to Minority Communities - Inclusion of jain Community Under Section 2(c) of the National Commission of Minorities (NCM) Act,1992
Posted Date : 03-Dec-2014 , 04:48:00 pm | Posted By: CASANSAAR
RBI/2014-15/334FIDD.GSSD.BC NO.44/09.10.001/2014-15
December 03, 2014
The Chairman /Managing DirectorAll Scheduled Commercial Banks
Dear Sir/Madam
Credit facilities to Minority Communities - Inclusion of jain Community UnderSection 2(c) of the National Commission of Minorities (NCM) Act,1992
Please refer to paragraph 2 of ourMaster Circular RPCD.GSSD.BC.No.2/09.10.01/2013-14 dated July 01, 2013on “Credit Facilities to Minority Communities”.
2. Ministry of Minority Affairs, Gove...
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Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India- Relaxations
Posted Date : 03-Dec-2014 , 12:50:23 pm | Posted By: Rupa Kaushik
RBI/2014-15/333DPSS.CO.PD.No.980/02.14.006/2014-15
December 03, 2014
All Prepaid Payment Instrument Issuers,System Providers, System Participantsand all other Prospective Prepaid PaymentInstrument Issuers
Madam / Dear Sir
Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India- Relaxations
A reference is invited to thecircular issued vide RBI/2014-2015/105 DPSS.CO.PD.PPI.No. 3/02.14.006/2014-15 July 1, 2014on the Master Circular – Policy Guidelines on Issuance and Opera...
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AOs not to frame high pitched assessments on taxpayers of J&K State if their books were destroyed in floods: CBDT
Posted Date : 02-Dec-2014 , 09:49:36 pm | Posted By: CASANSAAR
It has come to the notice of the Board that due to recent devastation caused by the floods inthe State of Jammu & Kashmir, the income-tax assessees of that State are facing difficulties inensuring compliance either with the requirements under ongoing scrutiny assessment proceedingsor with respect to notices u/s 143(2) of the Income Tax Act, 1961 ('Act') issued recently.
2. In such cases, where an assessee under scrutiny claims that he is unable to make certaincompliances due to destructio...
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Remittance of Assets – Submission of Auditor’s Certificate
Posted Date : 02-Dec-2014 , 07:35:57 pm | Posted By: CASANSAAR
RBI/2014-15/332A.P. (DIR Series) Circular No.43
December 2, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Remittance of Assets – Submission of Auditor’s certificate
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Remittance of Assets) Regulations, 2000, notified videNotification No. FEMA 13/2000-RB dated May 3, 2000, as amended from time to time, which required submission of certificates in t...
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I-T department designed a new functionality for generating MIS of Auditable cases under Secs 143(3), 144 and 147
Posted Date : 01-Dec-2014 , 09:51:22 pm | Posted By: CASANSAAR
AST Instruction No.132
DIRECTORATE OF INCOME TAX (SYSTEMS)
ARA Centre, Ground Floor, E-2, Jhandewalan Extension,
New Delhi-110055
F. No. AST/Inst. No. 132/Auditable cases-MIS/78/2014-15
Dated: 27.11.2014
To,
The Principal Chief Commissioner of Income-tax /CCsIT(By Name)
Ahmedabad/ Allahabad/ Amritsar/ Bangalore/ Baroda/ Bhopal/ Bhubaneshwar/ Bareilly/ Chandigarh/ Chennai/ Cochin/ Coimbatore/ Dehradun/ Delhi/ Durgapur/ Guwahati/ Hubli/ Hyderabad/ Indore/ jaipur/ Jalpaiguri/ Jodhpur/ K...
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Due date for Filing Return in Jammu & Kashmir extended to 31.03.2015
Posted Date : 30-Nov-2014 , 09:32:09 am | Posted By: CASANSAAR
F.No. 225/268/2014/ITA.II
Dated- 28th of November, 2014
Order under Section 119 of the Income-tax Act, 1961
Considering the devastation due to floods in the State of Jammu & Kashmir, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 (`Act’) and in continuation to the earlier order under section 119 of the Act dated 16.09.2014, hereby further extends the ‘due date’ of furnishing return of income from 30th ...
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Import of Gold (under 20: 80 Scheme) by Nominated Banks / Agencies / Entities
Posted Date : 29-Nov-2014 , 07:56:10 am | Posted By: CASANSAAR
RBI/2014-15/329A. P. (DIR Series) Circular No.42
November 28, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Import of Gold (under 20: 80 Scheme) by Nominated Banks / Agencies / Entities
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the provisions contained inA.P.(DIR Series) Circular No.25 dated August 14, 2013and the subsequent clarifications issued from time to time, resting with theA.P. (DIR Series) Circular No.133 dated May ...
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Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 29-Nov-2014 , 07:55:13 am | Posted By: CASANSAAR
RBI/2014-15/328DBR.BP.BC.No.52/21.04.098/2014-15
November 28, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to the ‘Fourth Bi-monthly Monetary Policy Statement, 2014-15’ announced on September 30, 2014, wherein it was proposed that pursuant to the guidelines issued on the liquidity coverage ratio (LCR) in Jun...
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RBI |
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Implementation of Bharat Bill Payment System (BBPS) - Guidelines
Posted Date : 29-Nov-2014 , 07:54:10 am | Posted By: CASANSAAR
RBI/2014-15/327DPSS.CO.PD. No. 940 /02.27.020/2014-2015
November 28, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative BanksAll System Providers, System Participantsand any other prospective Bharat Bill Payment Operating Units
Madam/Dear Sir,
Implementation of Bharat Bill Payment System (BBPS) - Guidelines
In theSecond Quarter Review of Monetary P...
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Branch Authorisation Policy - Information to be submitted by Banks along with Annual Branch Expansion Plan (ABEP)
Posted Date : 28-Nov-2014 , 05:38:24 pm | Posted By: Rupa Kaushik
RBI/2014-15/326DBR.No.BAPD.BC.51/22.01.001/2014-15
November 28, 2014
All Domestic Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Branch Authorisation Policy - Information to be submitted byBanks along with Annual Branch Expansion Plan (ABEP)
Please refer to ourcirculars DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, andDBOD.No.BAPD.BC.60/22.01.001/2013-14 dated October 21, 2013regarding relaxations in Branch Authorisation Policy. Accordingly,circular DBOD....
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Last Date of UP VAT Annual Return for the year 13-14 has been extended to 31-12-2014
Posted Date : 28-Nov-2014 , 03:26:03 pm | Posted By: CASANSAAR
Last Date of UP VAT Annual Return for the year 13-14 has been extended to 31-12-2014 vide circular no. 1242 dated 28-11-2014...
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VAT |
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Supervisory Action Framework for Urban Co-operative Banks (UCBs)
Posted Date : 28-Nov-2014 , 08:13:33 am | Posted By: CASANSAAR
RBI/2014-15/323DCBR.BPD.(PCB).Cir No.3/12.05.001/2014-15
November 27, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Supervisory Action Framework for Urban Co-operative Banks (UCBs)
Please refer tocircular UBD.BPD.(PCB).Cir.No.22/12.05.001/2011-12 dated March 01, 2012in terms of which Supervisory Action Framework (SAF) for UCBs was introduced. Having regard to the improvements witnessed by the sector and the need for ensuring more timely supervisory ...
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Date of Filing of Reconciliation Return (CST form 9) for the Year 13-14 extended to 09/01/2015
Posted Date : 27-Nov-2014 , 07:21:08 pm | Posted By: CASANSAAR
Date of Filing of Reconciliation Return (CST form 9) for the Year 13-14 extended to 09/01/2015 vide circular no. 19 dated 27/11/2014....
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VAT |
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Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 27-Nov-2014 , 04:19:16 pm | Posted By: Rupa Kaushik
RBI/2014-15/320DBR.BP.BC.No.50/08.12.014/2014-15
November 27, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Please refer to ourcircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014on the captioned subject. In continuation of the same, banks are advised as under:
2. In order to provide liquidity to retail investors in such bonds, it has been decided that banks can extend lo...
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