DEPARTMENTOF TRADE& TAXES, VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 PUBLIC NOTICE FOR ATTENTION OF DELHI VAT DEALERS You are required to have a principal placeof businessin Delhi and intimate any change in its address to the Commissioner within 30 days of such change. As perthe section48 and Rules 42 & 19 of Delhi VAT Act & Rules, you are also required to maintain and retain prescribed records at thedeclaredprincipal placeof businessin Delhi for 7 years. The record may be...

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RBI/2013-14/507A.P. (DIR Series) Circular No. 109 February 28, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Services:Export Data Processing and Monitoring System (EDPMS) Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 12 dated September 9, 2000read withA.P. (DIR Series) Circular No.101 dated February 04, 2014in terms of which a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) h...

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RBI/2013-14/506UBD CO BPD (PCB) Cir. No. 49/12.05.001/2013-14 February 28, 2014 To All Multi-State Urban Co-operative Banks Madam / Dear Sir, Guidelines on ‘Fit and Proper Criteria’ for Chief Executive Officers (CEOs) of Multi-State Urban Co-operative Banks Please refer to the circular No R-11017/17/2011-L&M dated August 16, 2011 issued by Government of India, Ministry of Agriculture, Department of Agriculture and Co-operation on the captioned subject.(copy enclosed). It wo...

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Whereas the State Government is satisfiedthat circumstances exist, which render it necessary to take immediate action inpublic interest; Now, therefore, in exercise of the powers conferred by sub section (3) ofsection 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005)and all other powers enabling him in this behalf, the Governor of Punjab is pleasedto make the following amendments in Schedules ‘A’, ‘B’ and ‘E’ appended to thesaid Act, with e...

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Circular No. 05/2014-Customs F. No. 520/13/2013- Cus.VI Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ***** 227 B, North Block New Delhi, dated 27thFebruary, 2014 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 Subject:Customs Baggage Declaration R...

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RBI/2013-14/504IDMD/PCD/No. 11/14.01.01/2013-14 February 26, 2014 The Chairmen/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) / Co-operative Banks / Primary Dealers Dear Sir/Madam, Call/Notice Money Market Operations It has been decided to dispense with the extant practice of Banks/ PDs/ Co-operative banks approaching RBI for fixing of prudential limits for transactions in Call / Notice Money Market. Banks/PDs/ Co-operative banks may, with the approval of their Boards,...

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RBI/2013-14/503DBOD.BP.BC.No.97/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks(excluding RRBs)All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy – Guidelines onJoint Lenders’ Forum (JLF) and Corrective Action Plan (CAP) Please refer to the Framework for Revitalising Distress Assets in the Economy placed on our website on January 30, 2014. Accordingly, deta...

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RBI/2013-14/502DBOD.BP.BC.No. 98/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks (excluding RRBs)All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy - Refinancing of Project Loans, Sale of NPA and Other Regulatory Measures Please refer to paragraphs 5 and 8 to 12 of the Framework for Revitalising Distressed Assets in the Economy, placed on our website on January 30, 201...

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RBI/2013-14/501DIT CO No.1857/07.71.099/2013-14 February 26, 2014 The Chief Information Security Officer (CISO)All Scheduled Commercial banks Dear Sir Security Incident Tracking Platform- Reporting thereon Information on Security, particularly security incidents, external attacks, internal compromises etc. is unique to each bank. Sharing of such information/ incidents/experiences would greatly benefit banks in taking appropriate preventive/corrective measures. As of now, information sharing...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 05/2014-Service Tax New Delhi, the 24th February, 2014. G.S.R. 107 (E).– In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Departm...

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RBI/2013-14/500IDMD.PCD. 10/14.03.06/2013-14 February 24, 2014 To All RBI Regulated Entities Dear Sir/Madam FIMMDA’s Trade Reporting and Confirmation platform for OTC transactions in Corporate Bonds and Securitized Debt Instruments Please refer to ourcirculars IDMD. 530/03.64.00/2007-08 dated July 31, 2007andIDMD.PCD. 06/14.03.06/2013-14 dated August 26, 2013on the captioned subject. Currently, the OTC trades in Corporate Bonds and Securitized Debt Instruments are being reported on F...

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RBI/2013-14/498A.P. (DIR Series) Circular No.107 February 20, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) into a Small Scale Industrial Undertakings (SSI) / Micro & Small Enterprises (MSE) and in Industrial Undertaking manufacturing items reserved for SSI/MSE Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Schedule 1 of the Foreign Exchange Management (Transfer or Issue of Security by a Person...

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Whereas the Lt. Governor of National Capital Territory of Delhi is of the opinion thatit is necessary in the interest of general public so to do. Now, therefore, in exercise of the powers conferred by section 107 of the Delhi Value AddedTax Act, 2004 (Delhi Act 3 of 2005) , the Lt. Governor of National Capital Territory ofDelhi is pleased to make the following amendment to Delhi Tax Compliance AchievementScheme, 2013, notified vide Notification No. F.3(16)/Fin(Rev-I)/2013-14/dsvi/786 dated 20...

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RBI/2013-14/496A.P (DIR Series) Circular No. 106 February 18, 2014 To,All Category- I Authorised Dealer Banks Madam / Sir, Facilities to NRIs/PIOs and Foreign Nationals – Liberalisation - Reporting Requirement Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 12 dated November 16, 2006in terms of which the lock-in period of 10 years for remittance of sale proceeds of immovable property was dispensed with and AD Category - I...

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Government of India Ministry of Finance (Department of Revenue) Notification No. 04/2014 - Service Tax New Delhi, the 17thFebruary, 2014 G.S.R....(E).­­- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance 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 notification of the Government of India in the Ministry of Finance (Depa...

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Circular No.177/03/2014 – ST F. No.334/03/2014-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise& Customs Tax Research Unit North Block, New Delhi 17thFebruary, 2014 To, Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence),Director General (Audit), Commissioners of Service Tax (All), Commissioners of Central Excise and Service Tax (All). M...

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RBI/2013-14/495A. P. (DIR Series) Circular No. 105 February 17, 2014 ToAll Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) – Reporting arrangements Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, as amended from time to time andA.P. (DIR Series) Circular No.60 da...

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SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2013-14 SUBJECT TO SPECIFIED CONDITIONS - AMENDMENT IN NOTIFICATION NO. 61/2013 [F.NO.178/37/2013-(ITA-I)/SO 2424(E), DATED 8-8-2013 NOTIFICATION NO. 11/2014[F.NO.178/9/2014-(ITA-I)],DATED 13-2-2014 In exercise of the powers conferred by item (h) of sub-clause (iv) of cl...

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In exercise of the powers conferred by Section 8-A of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all powers enabling him in this behalf, the Governor of Punjab is pleased to notify the following scheme to be called the Punjab Small Traders Rahat Scheme, 2014 with a view to levy lump sum tax with immediate effect on the traders mentioned in the said scheme and subject to the conditioned as specified therein....

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This ministry hAs received number of representations on the applicability ofS€ction 185 of ihe Companies Act, 2013,3 with reference to loans made, gaurantee given or security provided under section 372A of the companies act 1956....

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RBI/2013-14/493A.P. (DIR Series) Circular No.103 February 14, 2014 To All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold Madam / Sir, Import of Gold / Gold Dore by Nominated Banks /Agencies/Entities - Clarifications Attention of Authorised Persons is drawn to the Reserve Bank'sA.P. (DIR Series) Circular No. 25 dated August 14, 2013; andA.P. (DIR Series) Circular No. 73 dated November 11, 2013on the captioned subje...

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RBI/2013-14/492DBS.No.OSMOS. 9862/33.01.018/2013-14 February 13, 2014 The Chairman / Chairman & Managing Director/Managing Director / Chief Executive Officerof Public Sector Banks, Private Sector Banks/Foreign Banks (Excluding RRBs and LABs) Dear Sir, Central Repository of Information on Large Credits (CRILC) – Revision in Reporting 1. Please refer toDBS.Dir.OSMOS.No.3327/33.01.001/2013-14 dated September 11, 2013along with a Directive of even date issued under Section 27(2) of BR...

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RBI/2013-14/491FMD.MOAG.No.98/01.01.009/2013-14 February 13, 2014 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Term Repo under Liquidity Adjustment Facility- Operational Guidelines Please refer to ourcircular FMD.MOAG. No. 92 /01.01.009/2013-14 dated October 29, 2013on the captioned subject. Taking into account the requests received from the market participants, it has been decided to revise the timings of the Term Repo auctions from 2.30-3.00 PM to 11.00 -11.30 AM. 2. All ...

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RBI/2013-14/490A.P. (DIR Series) Circular No.102 February 11, 2014 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment –Reporting under FDI Scheme: Amendments in form FC-GPR Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations 2000 notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000 (herein...

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RBI/2013-14/487DBOD.No.BP.BC.96/21.06.102/2013-14 February 11, 2014 The Chairman and Managing Directors/Chief Executive Officers ofAll Scheduled Commercial Banks(excluding RRBs and LABs) Madam / Sir, Guidelines on Management of Intra-Group Transactions and Exposures As a prudential measure aimed at better risk management and avoiding concentration of credit risk, the Reserve Bank of India (RBI) has prescribed prudential limits on banks’ exposure to single and group borrowers. Banks ar...

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Circular No.981/5/2014-CX F.No.345/01/2013-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit ***** New Delhi, the 11thFebruary, 2014 To, Chief Commissioners of Central Excise (All), Chief Commissioners of Central Excise and Customs (All), Director General, Directorate General of Central Excise Intelligence, Commissioners of Central Excise (All), Commissioners of Central Excise and Customs (All). Madam/Sir, Subject: Effective date for levy of...

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Category : Excise | Comments : 0 | Hits : 928

Section 115R of the Income-tax Act, 1961 - Tax on distributed income to unit holders – Clarification on scope of additional income-tax on distributed......

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Sec. 14A disallowance can be triggered even if exempt income isn’t earned during the year; CBDT clarifies ...

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Category : Income Tax | Comments : 0 | Hits : 901

CircularNo.. 04/2014, Dated : February 10, 2014 Subject – Non-Filing of ITR-Vin returnswith refund claims-relaxationof time- limit for filing ITR-V and processing of such returns -regarding. Several instances of grievances have come to the notice of the Board stating that a large number of returns-of-income for Assessment Year (‘AY’) 2009-2010, which were electronically filed without a digital signature in accordance withprocedurelaid down under the Income-tax Act, 1961(&lsqu...

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In partial modification of Circular No.33 of 2013-14 dated 31/12/2013and in exercise of the powers conferred under rule 49A of the Delhi Value AddedTax Rules, 2005, I, Prashant Goyal, Commissioner, Value Added Tax, do herebyextend the last date of filing of hardcopy of third quarter return of 2013-14 to10/02/2014. The date of on-line filing of returns would, however, end atmidnight of 7thFebruary 2014...

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