Foreign Direct Investment – Reporting under FDI Scheme
Posted Date : 18-Jul-2014 , 10:40:51 pm | Posted By: CASANSAAR
RBI/2014-15/133A.P. (DIR Series) Circular No. 6
July 18, 2014
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –Reporting under FDI Scheme
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.FEMA20/2000-RB, dated 3rd May 2000, as amended fro...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1275
|
 |
Clarifications on matters relating to Related Party Transactions.
Posted Date : 17-Jul-2014 , 08:39:17 pm | Posted By: CASANSAAR
General Circular No. 30/2014
No. 1/32/2013- CL-V (Pt)
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
5thFloor, A Wing Shastri Bhavan,
Dr. R.P. Road, New Delhi
Dated: 17thJuly 2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarifications on matters relating to Related Party Transactions.
Sir,
Government has received representations from stakeholders seeking certain clarifications on related party transactions covered undersection ...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1371
|
|
Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000
Posted Date : 17-Jul-2014 , 08:37:31 pm | Posted By: CASANSAAR
RBI/2014-15/132A.P. (DIR Series) Circular No.5
July 17, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme).
2. It was decided videA.P.(DIR Series) Circular N...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1283
|
|
Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 - Amendments in Rules
Posted Date : 17-Jul-2014 , 08:36:46 pm | Posted By: CASANSAAR
RBI/2014-15/130DGBA.CDD. No. 293/15.02.001/2014-15
July 17, 2014
The Chairman and Managing Director/Managing DirectorGovernment Accounts Department/Head OfficeState 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/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Overseas Bank/Oriental Bank of Comm...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1421
|
|
Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act
Posted Date : 15-Jul-2014 , 07:55:33 pm | Posted By: CASANSAAR
F. No. IRSA(AIB)/EC/Res./UK-DR/5
Date: 15thJuly, 2014
To,
All Principal Chief Commissioners of Income Tax;
Principal Director General of Income Tax (Admn.); Principal Director General of Income Tax (Systems); Principal Director General of Income Tax (Logistics); Principal Director General of Income Tax (HRD); Principal Director General of Income Tax (International Taxation); Principal Director General of Income Tax (Training), NADT; Director General of Income Tax (L&R); Director Ge...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1213
|
|
Foreign Direct Investment (FDI) in India - Issue/Transfer of Shares or Convertible Debentures - Revised pricing guidelines
Posted Date : 15-Jul-2014 , 07:51:26 pm | Posted By: CASANSAAR
RBI/2014-15/129A. P. (DIR Series) Circular No. 4
July 15, 2014
To,
All Category –I Authorised Dealer Banks
Madam/Sir,
Foreign Direct Investment (FDI) in India -Issue/Transfer of Shares or Convertible Debentures- Revised pricing guidelines
Attention of Authorized Dealers Category – I (AD Category - I) banks is invited to Regulation 10(A)(b)(i), para 5 of Schedule 1, para 1(5) of Schedule 2 and para 2(iv) of Schedule 2A to the Foreign Exchange Management (Transfer or Issue of Sec...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1116
|
|
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 15-Jul-2014 , 07:50:52 pm | Posted By: CASANSAAR
RBI/2014-15/127DBOD.BP.BC.No.25/08.12.014/2014-15
July 15, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
In the Union Budget 2014-15, presented on July 10, 2014, the Hon’ble Finance Minister announced that:
“131.Long term financing for infrastructure has been a major constraint in encouraging larger private sector participation in this sector. On the asset side, banks wi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1033
|
|
Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 15-Jul-2014 , 07:50:10 pm | Posted By: CASANSAAR
RBI/2014-15/126DBOD.No.BP.BC.24/21.04.132/2014-15
July 15, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Flexible Structuring of Long Term Project Loans toInfrastructure and Core Industries
During the last decade, commercial banks have become the primary source of long term debt financing to projects in infrastructure and core industries. Infrastructure and core industries projects...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 987
|
|
Issue of Partly Paid Shares and Warrants by Indian Company to Foreign Investors
Posted Date : 14-Jul-2014 , 08:55:38 pm | Posted By: CASANSAAR
RBI/2014-15/123A.P.(DIR Series) Circular No.3
July 14, 2014
To,
All Category – I Authorised Dealer Banks
Madam/Sir,
Issue of Partly Paid Shares and Warrants by Indian Company to Foreign Investors
Attention of Authorized Dealers Category –I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (principal Regulations) notified by the Reserve Bank of India videNotification No.FEMA.20...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1184
|
|
CBDT revises monetary limits for filing appeals; issues measures to reduce litigation
Posted Date : 13-Jul-2014 , 07:01:14 pm | Posted By: CASANSAAR
SECTION 268A OF THE INCOME-TAX ACT, 1961 - APPEALS AND REVISION - FILING OF APPEAL OR APPLICATION FOR REFERENCE BY INCOME-TAX AUTHORITY - REVISION OF MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT BEFORE INCOME TAX APPELLATE TRIBUNAL, HIGH COURTS AND SUPREME COURT - MEASURES FOR REDUCING LITIGATION
INSTRUCTION NO. 5/2014 [F. NO. 279/MISC. 142/2007-ITJ (PT.)],DATED 10-7-2014
Reference is invited to Board'sInstruction No. 3/2011, dated 09/02/2011wherein monetary limits and other conditi...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1222
|
|
Budget 2014-15 Changes in Customs and Central Excise law and rates of duty (Custom)
Posted Date : 11-Jul-2014 , 09:23:07 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
*****
P. K. Mohanty
Joint Secretary (TRU-I)
Tel: 23092687, Fax: 23092031
Email: p.mohanty@nic.in
D.O.F.No.334/15/2014-TRU
New Delhi, the 10th July, 2014.
Dear Chief Commissioner/ Commissioner,
The Finance Minister has introduced the Finance (No.2) Bill, 2014 in Lok Sabha today, i.e., 10th of July, 2014. Changes in Customs and Central Excise law and rates of duty have been proposed through the Finance (No....
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1406
|
|
Budget 2014-15 Changes in Customs and Central Excise law and rates of duty (Excise)
Posted Date : 11-Jul-2014 , 09:20:08 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
*****
P. K. Mohanty
Joint Secretary (TRU-I)
Tel: 23092687, Fax: 23092031
Email: p.mohanty@nic.in
D.O.F.No.334/15/2014-TRU
New Delhi, the 10th July, 2014.
Dear Chief Commissioner/ Commissioner,
The Finance Minister has introduced the Finance (No.2) Bill, 2014 in Lok Sabha today, i.e., 10th of July, 2014. Changes in Customs and Central Excise law and rates of duty have been proposed through the Finance (No....
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 1393
|
|
Manner of distribution of common input service credit under rule 7(d) of the Cenvat Credit Rules, 2004
Posted Date : 11-Jul-2014 , 09:18:02 am | Posted By: CASANSAAR
Circular No. 178/4/2014-ST
F.No.334/15/2014-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise& Customs
Tax Research Unit
North Block, New Delhi
11th July, 2014
To,
Chief Commissioners of Central Excise and Service Tax (All),
Director General (Service Tax), Director General (Audit),
Director General (Central Excise Intelligence),
Commissioners of Service Tax (All),
Commissioners of Central Excise and Service Tax (All).
Madam/Sir,
Subject...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1035
|
|
Union Budget, 2014-15: Changes in Service Tax
Posted Date : 11-Jul-2014 , 09:16:40 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of revenue
Tax Research Unit
M. Vinod Kumar
Joint Secretary (Tax Research Unit)
Tel: 011-23093027; Fax: 011-23093037
e-mail: m.kumar58@nic.in
D.O.F. No. 334/15/2014-TRU
New Delhi, dated July 10, 2014.
Dear Madam/Sir,
Sub.: Union Budget, 2014-15: Changes in Service Tax - reg.
The hon‟ble Finance Minister has, while presenting the Union Budget 2014-15, introduced the Finance (No.2) Bill, 2014 [hereinafter, the Bill] in the Lok Sabha ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1724
|
|
Resident private limited company specified as class of person for the purpose of Advance Ruling
Posted Date : 11-Jul-2014 , 09:14:27 am | 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)
Notification No.15 /2014-Service Tax
New Delhi, the 11th July, 2014
G.S.R…….(E).- In exercise of the powers conferred bysub-clause (iii) of clause (b) of section 96Aof theFinance Act, 1994 (32 of 1994), the Central Government hereby specifies “the resident private limited company” as class of persons for th...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 943
|
|
Place of Provision of Services (Amendment) Rules, 2014
Posted Date : 11-Jul-2014 , 09:13:37 am | 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)
Notification No. 14/2014 - Service Tax
New Delhi, the 11th July, 2014
G.S.R…..(E).- In exercise of the powers conferred bysub-section (1) of section 66Candclause (hhh) of sub-section (2) of section 94of theFinance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules to amend thePlace of Provision of ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 984
|
|
Point of Taxation (Amendment) Rules, 2014
Posted Date : 11-Jul-2014 , 09:12:47 am | 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)
Notification No. 13/2014 – Service Tax
New Delhi, the 11th July, 2014
G.S.R. ….(E).-In exercise of the powers conferred byclause (a) and clause (hhh) of sub-section (2) of section 94of theFinance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend thePoint of Taxation Rules, ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 946
|
|
Prescribes rate of Interest for late payment of service tax - Section 75
Posted Date : 11-Jul-2014 , 09:11:39 am | 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)
Notification No. 12/2014 - Service Tax
New Delhi, the 11th July, 2014
G.S.R.___(E).- In exercise of the powers conferred bysection 75of theFinance Act, 1994 (32 of 1994)and in supersession of thenotification No.26/2004-Service Tax, dated 10th September, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-s...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 973
|
|
Service Tax (Determination of Value) Amendment Rules, 2014
Posted Date : 11-Jul-2014 , 09:10:51 am | 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)
Notification No. 11/2014 - Service Tax
New Delhi, the 11th July, 2014
G.S.R..........(E).- In exercise of the powers conferred byclause (aa) of sub-section (2) of section 94of theFinance Act,1994 (32 of 1994), the Central Government hereby makes the following rules further to amend theService Tax (Determination of Value) Rules, 2006,...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 902
|
|
Amendment in Notification No. 30/2012 - Notification under sub-section (2) of section 68 - Reverse Charge
Posted Date : 11-Jul-2014 , 09:09:36 am | 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)
Notification No.10/2014-Service Tax
New Delhi, the 11th July, 2014
G.S.R...... (E).- In exercise of the powers conferred bysub-section (2) of section 68of theFinance Act, 1994 (32 of 1994), the Central Government, hereby makes the following further amendments in the notification of the Government of India in theMinistry of Finance (D...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 922
|
|
Service Tax (Amendment) Rules, 2014
Posted Date : 11-Jul-2014 , 09:08:43 am | 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)
Notification No. 9/2014- Service Tax
New Delhi, the 11th July, 2014
G.S.R.....(E). – In exercise of the powers conferred bysub-section (1) read with sub-section (2) of section 94of theFinance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend theService Tax Rules, 1994, namely:&mdas...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 956
|
|
Seeks to amend notification No. 26/2012- Service Tax, dated 20th June, 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein.
Posted Date : 11-Jul-2014 , 09:07:30 am | 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)
Notification No. 08/2014 - Service Tax
New Delhi, the 11th July, 2014
G.S.R....(E)- In exercise of the powers conferred bysub-section (1) of section 93of theFinance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 930
|
|
Seeks to amend notification No.12/2013-ST dated 1st July, 2013, relating to exemption from service tax to SEZ Units or the Developer.
Posted Date : 11-Jul-2014 , 09:06:27 am | 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)
Notification No.7/ 2014-Service Tax
New Delhi, the 11th July, 2014
G.S.R…….(E).–In exercise of the powers conferred bysub-section (1) of section 93of theFinance Act, 1994 (32 of 1994), read withsub-section (3) of section 95ofFinance (No.2), Act, 2004 (23 of 2004)andsub-section (3) of section 140of theFinance Act, 2...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 892
|
|
Seeks to amend notification No. 25/2012- Service Tax, dated the 20th June, 2012, so as to amend certain existing entries granting exemption on specified services and inserting new entries for granting exemption from service tax on specified services
Posted Date : 11-Jul-2014 , 09:05:14 am | 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)
Notification No.06/2014 - Service Tax
New Delhi, the 11th July, 2014
G.S.R....(E.– In exercise of the powers conferred bysub-section (1) of section 93of theFinance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments i...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 940
|
|
MCA Clarification on form MGT-14 through STP mode.
Posted Date : 11-Jul-2014 , 08:53:13 am | Posted By: CASANSAAR
MCA Clarification on form MGT-14 through STP mode.
MGT - 14. All cases except for change of Name, change of object,resolution for further issue of capital and conversion of companies will be STP Mode.General Circular No. 28/2014, dated 09/07/2014...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1380
|
|
Foreign Exchange Management Act, 1999 – Import of Rough, Cut and Polished Diamonds
Posted Date : 07-Jul-2014 , 08:51:56 pm | Posted By: CASANSAAR
RBI/2014-15/119A.P. (DIR Series) Circular No.2
July 7, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Foreign Exchange Management Act, 1999 –Import of Rough, Cut and Polished Diamonds
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P.(DIR Series) Circular No.59 dated May 6, 2011, in terms of which AD Category – I banks were permitted to approve Suppliers’ and Buyers’ Credit (Trade Credit)...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1225
|
|
Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Posted Date : 07-Jul-2014 , 08:51:11 pm | Posted By: CASANSAAR
RBI/2014-15/118RPCD.FLC.No. 218-348/12.01.018/2014-15
July 7, 2014
To Chairman/CMD of Scheduled Commercial Banks(including RRBs)
Dear Sir
Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Please refer to ourcirculars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012andRPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 971
|
|
SEBI postpones applicability of new norms on issuance and processing of Delivery Instruction Slips
Posted Date : 05-Jul-2014 , 03:49:06 pm | Posted By: CASANSAAR
DELIVERY INSTRUCTION SLIP (DIS) ISSUANCE AND PROCESSING
CIRCULAR NO. MRD/DP/22/2014DATED 4-7-2014
1.SEBI hasvideCircular No. CIR/MRD/DP/01/2014, dated January 07, 2014introduced guidelines to strengthen the supervisory and monitoring role of the depositories and their participants with respect to issuance and processing of Delivery Instruction Slips.
2.In light of the difficulties expressed by the depositories and the depository participants (DPs) and considering their request, it has been de...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1157
|
|
CBDT notifies revised proforma for submission of proposal to file SLP
Posted Date : 05-Jul-2014 , 08:30:48 am | Posted By: CASANSAAR
NSTRUCTION ON STANDARD OPERATING PROCEDURE ON FILING OF APPEALS/SPECIAL LEAVE PETITIONS (SLPS) BY THE INCOME TAX DEPARTMENT IN THE SUPREME COURT AND RELATED MATTERS REVISED PROFORMA B TO INSTRUCTION NO. 4/2011, DATED 9-3-2011
LETTER [F NO 279/MISC/M-20/2011-1TJ],DATED 1-7-2014
I am directed to enclose a revised Proforma B to theInstruction No 4/2011, dated 09.03.2011for immediate compliance. The same may be brought to the notice of all concerned.
Annexure - B
Revised Proforma for submission ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1736
|
|
CBDT allows usage of one mobile number and email-id for 10 user accounts in e-filing portal
Posted Date : 04-Jul-2014 , 08:46:13 pm | Posted By: CASANSAAR
UPDATE AND VALIDATE TAXPAYER EMAIL ID AND MOBILE NUMBER FOR THEIR E-FILING ACCOUNT
PRESS RELEASE,DATED 4-7-2014
A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can be possible. For details, taxpayers can logon to: https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Update_Contact_Details.pdf)
The Department will send separate One Time Passwords (OTP) also referred as P...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1196
|
|
|
|
