OFFICE ORDER [F.NO.500/59/2003-FTD-I],DATED 10-12-2013 In consequence to the officeorder dated 6th December, 2013regarding revision of work distribution between Joint Secretary (FT&TR-I) and Joint Secretary (FT&TR-II), the work distribution among the Director (FT&TR-I), Director (FT&TR-III) and Director (APA) under the Central Board of Direct Taxes (CBDT) is revised as under:— Officer Work Allocated Director (FT&TR-I) 1. All matters relating to...

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Category : Income Tax | Comments : 0 | Hits : 930

Standardizing the process of filing application for approval of an Electoral Trust. ...

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RBI/2013-14/406DBOD.No.BP.BC.76/21.04.157/2013-14 December 9, 2013 All Scheduled Commercial Banks(Excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions Madam / Sir, Novation of OTC Derivative Contracts Please refer to ourcirculars DBOD.No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007on Comprehensive Guidelines on Derivatives andDBOD.No.BP.BC.44 /21.04.157/2011-12 dated November 2, 2011on Comprehensive Guidelines on Derivatives: Modifications permitting novati...

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RBI/2013-14/403UBD.CO.BPD.(PCB).Cir.No.42/12.05.001/2013-14 December 6, 2013 To,The Chief Executive OfficerAll (Primary) Urban Co-operative Banks Dear Sir / Madam, Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on 'Customer Service- Charges Levied by Banks for Sending SMS Alerts'. 2.In this connection, a reference is also invited to ourcircular U...

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RBI/2013-14/402IDMD.PCD. 08/14.03.01/2013-14 December 5, 2013 To All market participants Dear Sir/Madam Exchange-Traded Interest Rate Futures As announced in theSecond Quarter Review of Monetary Policy 2013-14, it has been decided to introduce cash settled Interest Rate Futures (IRF) on 10-year Government of India security. 2. The Reserve Bank of India has accordingly issued a Notification IDMD.PCD.07 /ED (RG) - 2013 dated December 5, 2013 introducing cash settled IRF on 10-year Governmen...

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RBI/2013-14/401UBD.CO.BPD.(PCB).Cir.No. 41/12.05.001/2013-14 December 5, 2013 To, The Chief Executive OfficerAll Urban Co-operative Banks Dear Sir / Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns in time. 2. With a view to protecting the interests of depositors and for rendering better customer serv...

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CIRCULAR NO.28 Dated: 03-12-2013,Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act2004....

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RBI/2013-14/398RPCD.No.FSD.BC.71/05.04.02/2013-14 December 4, 2013 To,The Chairman / Managing DirectorAll Public & Private Sector Scheduled Commercial Banks Dear Sir Union Budget - 2013-14Interest Subvention Scheme As directed by the Government of India and in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2013-14, Interest subvention of 2 % p.a. will be made available to Public Sector Banks (PSBs) and Private Sector Schedule...

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RBI/2013-14/397A.P. (DIR Series) Circular No. 78 December 3, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 5 dated August 1, 2005as amended from time to time relating to the External Commercial Borrowings (ECB). 2. In order to ...

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In continuation of order dated 12.11.2013 on the subject, I, Prashant Goyal, Commissionerof Value Added Tax, Department of Trade & Taxes, Government of NCTof Delhi, in exercise of the powersconferred by section 68 of the Delhi Value Added Tax (DVAT) Act, 2004 (Delhi Act 3 of 2005) read with rule 48of the Delhi Value Added Tax Rules, 2005 do hereby delegate my powers specified in column Nqs. 3 underSection mentioned in column no. 2 to the Officers specified in column 4 of the table appended b...

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RBI/2013-14/390DBOD.BP.BC.No.75/21.04.103/2013-14 December 2, 2013 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Stress Testing Please refer to the guidelines on stress testing issued videcircular DBOD.No.BP.BC. 101/21.04.103/2006-07 dated June 26, 2007. Banks were required to operationalise their formal stress testing framework in accordance with these guidelines from March 31, 2008. It was expected that the stress testing framework being set up would help banks in...

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RBI/2013-14/389RPCD.MSME & NFS.BC.No.61/06.02.31/2013-14 December 2, 2013 The Chairman/Managing Director/ Chief Executive OfficerAll Scheduled Commercial Banks(Including Regional Rural Banks) Dear Sir / Madam Revised General Credit Card (GCC) Scheme Please refer to ourcircular RPCD.CO.No.RRB.BC.59/03.05.33(F)/2005-06 dated December 27, 2005andcircular no. RPCD.CO.Plan.BC.No.66/04.09.01/2007-08 dated May 06, 2008on the General Credit Card (GCC) Scheme. 2. During Financial Inclusion Plan...

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RBI/2013-14/385DBOD.No.Dir.BC. 69/13.03.00/2013-14 November 29, 2013 To All Scheduled Commercial Banks(Excluding RRBs) Dear Sir / Madam Periodicity of Payment of Interest on Rupee Savings/Term Deposits Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits. 2. In this connection, a reference is also invited to paragraph 2 (ii) of our circular DB...

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RBI/2013-14/387DBOD. No. Dir. BC.71/13.03.00/ 2013-14 November 29, 2013 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to ourcircular DBOD. Dir. BC. 40/13.03.00/2013-14 dated August 14, 2013allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of exemption provided on such d...

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RBI/2013-14/385DBOD.No.Dir.BC. 69/13.03.00/2013-14 November 29, 2013 To All Scheduled Commercial Banks(Excluding RRBs) Dear Sir / Madam Periodicity of Payment of Interest on Rupee Savings/Term Deposits Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits. 2. In this connection, a reference is also invited to paragraph 2 (ii) of our circular DB...

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The Safe Harbour rules have been made publicvidenotification dated 18th September, 2013. In order to analyze the number of taxpayers opting for the Safe Harbour, you are requested to provide the following information from the return of income filed till 30th November, 2013: ♦ Name, address, PAN and Assessing Officer of the taxpayer filing Form 3CEFA ♦ Details of eligible international transaction for which benefit under Safe Harbour Rules has been opted 2.You...

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RBI/2013-14/383DNBS.PD.CC.No.361/03.02.002/2013-14 November 28, 2013 To, All NBFCs Dear Sirs, Participation of NBFCs in Insurance sector Please refer to the circularDNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000which contains the Guidelines for entry of NBFCs into Insurance Business issued on June 09, 2000, and subsequent modification carried out vide CircularDNBS.(PD).CCX.No.35/10.24/2003-04 dated February 10, 2004andCC No. 221/03.02.002/2010-2011 dated May 27, 2011.As per the extan...

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RBI/2013-14/382RPCD.CO.RRB.BC.No.60/03.05.33/2013-14 November 26, 2013 The ChairmanAll Regional Rural Banks Dear Sir/Madam, Imposition of Minimum Capital Adequacy Measure of 9% for RRBs The risk weighted assets ratio system as the basis of assessment of Capital Adequacy which takes into account the element of risk in the various types of assets in the Balance Sheet as well as off Balance-sheet exposures was made applicable to banks in India with a view to strengthening their capital base. ...

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Circular No.174/9/2013 – ST F.No.B1/19/2013-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) North Block New Delhi, 25thNovember, 2013 To, Chief Commissioners of Central Excise and Customs (All), Director General (Service Tax), Director General (Central Excise Intelligence),Director General (Audit), Commissioners of Service Tax (All) Commissioners of Central Excise (All), ...

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Category : Service Tax | Comments : 0 | Hits : 1011

RBI/2013-14/381DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service- Charges Levied by Banks for Sending SMS Alerts’. 2. In this connection, a reference is also invited to ourcircular DBOD. No. Dir. BC. ...

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RBI/2013 -14/380DPSS (CO) PD No.1164/ 02.14.003/2013-14 November 26, 2013 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/Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions A reference is invited to ourcircular dated September 22, 2011 on security issues and risk mitigation me...

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All dealers whose refund claims are pending and their returns for the year2009-10 onwards involve central sale/sock transfer against statutory forms arehereby directed to file information online for the pending statutory forms/declarationin Block R 10 of CST return Form 1 by 30thNovember, 2013 for the year 2009-10and by 31stDecember, 2013 for the year 2010-11, 2011-12 and 2012-13 in order tohelp process the refund claims expeditiously. Receipt of the information so filed canbe obtained from the ...

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Category : VAT | Comments : 0 | Hits : 938

RBI/2013-14/378DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 All Scheduled Commercial Banks(excluding RRBs) andAll India Term-Lending and Refinancing Institutions(EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to ourcircular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure Lending with that of ...

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TRADE CIRCULAR No. VAT/Refund-Return/ACST (VAT-2), Mumbai Dated: -21/11/2013Trade Circular No. 7T of 2013 Sub.:- Correction of mistakes made by the dealers or miscellaneous refunds of excess paymentof taxes… Ref: – Trade Circular No. 17T Dated 25.11.2011. The payment of tax under MVAT Act, 2002 and CST Act, 1956 by way of e-payment was made mandatory from March, 2011. It has been reported to this office by some of the dealers and the Banks that they made certain mistakes while...

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Government of India Ministry of Finance (Department of Revenue) Notification No. 15/ 2013-Service Tax New Delhi, the 21stNovember, 2013 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) (hereinafter referred to as the said Act) read with sub-section 3 of section 95 of Finance (No.2), Act, 2004 (23 of 2004) and sub-section 3 of section 140 of the Finance Act, 2007 (22 of 2007),the Central Govern...

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Category : Service Tax | Comments : 0 | Hits : 941

RBI/2013-14/377A.P. (DIR Series) Circular No. 77 November 22, 2013 To All Category - I Authorised Dealer Banks Madam / Sir Overseas Foreign Currency Borrowings by Authorised Dealer Banks Attention of AD category I banks is invited toAP (DIR Series) circulars no. 40 dated September 10, 2013read withAP (DIR Series) Circular no. 61 dated October 10, 2013in terms of which they were permitted to borrow from international/multilateral financial institutions up to 100 percent of their Tier-I capi...

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Category : FEMA | Comments : 0 | Hits : 933

TheReserve Bank of Indiatoday released the statutoryReporton Trend andProgressof Banking in India 2012-13. ThisReportpresents theperformance andsalient policy measures relating to the banking sector during 2012-13. TheReportalso provides an analysis of the co-operative banks and non-banking financial institutions. The key messages of theReportare set out below: Perspectives on theIndian BankingSector The weakening domestic macroeconomic conditions combined with the continuing subdued glob...

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In partial modification to this department’s Circulars No.18, 24 & 25 of 2013-14 onthe subject cited above and in exercise of the powers conferred under Rule 49A of the DelhiValue Added Tax Rules,2005, I, Prashant Goyal, Commissioner, Value Added Tax, dohereby extend the last date of online filing of second quarter return for the year 2013-14, inForm DVAT-16 ,DVAT-17 and DVAT-48 along with required annexures, and submission ofhard copy alongwith required enclosures as per schedule give...

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On the demand by the Business community in general and Advocates inparticulars, the date of filling of VAT-20 is extended from 20.11.2013 to 25.11.2013....

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Category : VAT | Comments : 0 | Hits : 889

RBI/2013-14/376UBD.BPD. (PCB) CIR No.39 /13.05.006/2013-14 November 20, 2013 The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks Madam/Dear Sir, Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme 2008 Please refer to ourCircular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of which Urban Co-operative Banks (UCBs) were advised to conduct complete verification of list of beneficiaries under ADWDRS, 2008 and take corrective ste...

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Category : RBI | Comments : 0 | Hits : 976