DVAT - Last date for Filing of online return for 1st quarter of 2014-15 extended to 08/08/2014
Posted Date : 29-Jul-2014 , 08:16:06 am | Posted By: CASANSAAR
In exercise of the powers conferred under Rule 49A of the DelhiValue Added Tax Rules,2005, I, Sanjeev Khirwar, Commissioner, Value AddedTax, do hereby extend the last date of filing of online/hard copy of first quarterreturn for the year 2014-15, in Form DVAT-16 ,DVAT-17 and DVAT-48 alongwith required annexures/enclosures to 08/08/2014:
However, the tax due shall continue to be paid in the usual manneras per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004.The dealers fil...
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VAT |
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External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:06:28 am | Posted By: CASANSAAR
RBI/2014-15/153A.P. (DIR Series) Circular No.17
July 28, 2014
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 121 dated April 10, 2014relating to the all-in-cost ceiling for ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified under paragr...
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FEMA |
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Trade Credits for Imports into India — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:05:45 am | Posted By: CASANSAAR
RBI/2014-15/152A.P. (DIR Series) Circular No.16
July 28, 2014
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
Trade Credits for Imports into India — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 122 dated April 10, 2014relating to the all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified under paragr...
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FEMA |
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Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Posted Date : 29-Jul-2014 , 08:05:04 am | Posted By: CASANSAAR
RBI/2014-15/151A.P. (DIR Series) Circular No. 15
July 28, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 101 dated February 04, 2014read withA.P. (DIR Series) Circular No.109 dated February 28, 2014in terms of which a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) ha...
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FEMA |
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Additional Disclosures by Regional Rural Banks in Notes to Accounts
Posted Date : 29-Jul-2014 , 08:04:21 am | Posted By: CASANSAAR
RBI/2013-14/150RPCD.CO.RRB.BC.No.17/03.05.33/2014-15
July 28, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Additional Disclosures by Regional Rural Banks in Notes to Accounts
A reference is invited toparagraph 18of the First Bi-Monthly Monetary Policy Statement 2014-15 announced on April 1, 2014 wherein it was proposed to prescribe certain additional disclosure requirements as per the recommendations of theCommittee on Comprehensive Financial Services for Small Businesses and L...
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RBI |
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CBDT Notifies new Form 3CA, 3CB & 3CD – Format of Tax Audit Report Revised
Posted Date : 28-Jul-2014 , 10:38:46 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)
Notification No.33/2014, Dated: July 25, 2014
S.O. 1902 (E).. In exercise of the powers conferred by section 295 read with section 44AB of the Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income Tax Rules, 1962, namely:-
1. (1) These rules may be called the Income Tax (7th Amendment) Rules, 2014. (2) They shall come ...
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Income Tax |
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Public Companies with certain qualifications to be treated as class of companies.
Posted Date : 28-Jul-2014 , 08:15:44 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, dated 25thJuly, 2014
S.O.---(E).- In exercise of the powers conferred by the second proviso tosub-section (1) of section 203of theCompanies Act, 2013 (18 of 2013),the Central Government hereby notifies that public companies having paid-up share capital of rupees one hundred crore or more and annual turnover of rupees one thousand crore or more which are engaged in multiple businesses and have appointed Chief Executiv...
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Corporate Laws |
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The Companies (Removal of Difficulties) Sixth Order, 2014
Posted Date : 26-Jul-2014 , 08:31:20 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ORDER
New Delhi, the 24/07/2014
S.O. (E)-Whereas theCompanies Act, 2013 (18 of 2013)(hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date;
And whereasclause (76) of section 2of theAct, which provides for definition of the term "related party" has come into force on 12th September, 2013;
And whereas difficulties have arisen in interpret...
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Corporate Laws |
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Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Posted Date : 25-Jul-2014 , 07:47:59 pm | Posted By: CASANSAAR
RBI/2014-15/147A.P. (DIR Series) Circular No.14
July 25, 2014
To
All Authorised Persons
Madam/ Sir,
Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Attention of all the Authorised Persons in foreign exchange is invited to Para 2 of theA. P. (DIR Series) Circular No. 104 dated April 04, 2012.
2. It has been brought to our notice that some authorised dealers / full-fledged money changers may neither be exercising due diligence nor adhering to KYC norms w...
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FEMA |
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Clarification on transitional period for resolutions passed Under the Companies Act, 1956
Posted Date : 25-Jul-2014 , 08:23:20 am | Posted By: CASANSAAR
General Circular No. 32/2014
No. 1/25/13-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi.
Dated: - 23rdJuly, 2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification on transitional period for resolutions passed Under theCompanies Act, 1956.
Sir,
It has been brought to the notice of the Government that many companies have passed resolutions during financial year 2013-14 un...
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Corporate Laws |
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Foreign investment in India by SEBI registered Long term investors in Government dated Securities
Posted Date : 23-Jul-2014 , 09:38:25 pm | Posted By: CASANSAAR
RBI/2014-15/145A. P. (DIR Series) Circular No. 13
July 23, 2014
To,
All Authorised Persons
Madam/ Sir,
Foreign investment in India by SEBI registered Long term investors inGovernment dated Securities
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...
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FEMA |
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Clarification on Section 58A(9) and Section 58AA of the Companies Act, 1956
Posted Date : 22-Jul-2014 , 09:55:08 pm | Posted By: CASANSAAR
CIRCULARNO.1-2014
File No. 10/54/2014-CLB
COMPANY LAW BOARD
GOVERNMENT OF INDIA
3rd Floor, B-Block Paryavaran Bhawan
C. G. O. Complex; Lodhi Road
New Delhi-110003
Dated: 22.07.2014
Sub: Clarification on Section 58A(9) and Section 58AA of the Companies Act, 1956 - Reg.
On the commencement of sub-section (2) of section 74 of the Companies Act, 2013 w.e.f. 06.06.2014, the corresponding sections namely 58A (9) and 58AA of the Companies Act, 1956 ceased to have effect. Benches of the...
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Corporate Laws |
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Export of Goods and Services – Project Exports
Posted Date : 22-Jul-2014 , 07:32:27 pm | Posted By: CASANSAAR
RBI/2014-15/141A.P. (DIR Series) Circular No.11
July 22, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods and Services – Project Exports
Attention of Authorised Dealers is invited to Regulation 18 ofNotification No. FEMA 23/2000-RB dated 3rd May 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services on deferred payment terms or in execution of a turnkey project or a civil co...
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FEMA |
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Extension of validity of reserved names - reg.
Posted Date : 22-Jul-2014 , 07:20:27 pm | Posted By: CASANSAAR
General Circular No. 31/2014
F. No. MCA21/152/2014-eGov Cell
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi
Dated: 19th July, 2014
To
All Regional Directors,
All Registrars of Companies.
Subject: Extension of validity of reserved names - reg.
Sir,
The Service Provider of MCA-21 has brought to the notice of the Ministry that the letters of intimation issued in respect of 9522 cases for reservation of names (INC-1...
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Corporate Laws |
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Money Transfer Service Scheme – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:42:56 pm | Posted By: CASANSAAR
RBI/2014-15/135A. P. (DIR Series) Circular No. 8
July 18, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Dear Sir/ Madam,
Money Transfer Service Scheme – Delegation of work to Regional Offices
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to theA.P. (DIR Series) Circular No. 89 dated March 12, 2013on Money Transfer Service Scheme – Revised Guidelines, as amended from time ...
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FEMA |
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Rupee Drawing Arrangement – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:41:45 pm | Posted By: CASANSAAR
RBI/2014-15/134A. P. (DIR Series) Circular No. 7
July 18, 2014
To,All Authorised Dealer Category - I Banks
Dear Sir/ Madam,
Rupee Drawing Arrangement – Delegation of work to Regional Offices
Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008on Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-re...
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FEMA |
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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...
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FEMA |
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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 ...
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Corporate Laws |
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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...
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FEMA |
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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...
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RBI |
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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...
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Income Tax |
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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...
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Category :
FEMA |
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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...
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RBI |
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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...
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Category :
RBI |
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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...
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Category :
FEMA |
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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...
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Income Tax |
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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....
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Category :
Custom |
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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....
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Category :
Excise |
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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...
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Category :
Service Tax |
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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 ...
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Service Tax |
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