Comprehensive double tax avoidance agreement between India and Uruguay is effective from June 21, 2013
Posted Date : 09-Aug-2013 , 02:18:42 pm | Posted By: Vinay Sharma
SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT - AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - ORIENTAL REPUBLIC OF URUGUAY
NOTIFICATION NO. 53/2013 [F.NO.500/138/2002-FTD-II]/SO 2081(E),DATED 5-7-2013
Whereas, an Agreement between the Government of the Republic of India and the Government of the Oriental Republic of Uruguay for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on i...
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Income Tax |
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Exemption u/s 35(1) - Approved National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore
Posted Date : 09-Aug-2013 , 11:48:30 am | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION NO. 60/2013
DATED 7-8-2013
It is hereby notified for general information that "National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore, (PAN-AABTN6120B) has been approved by the Central Government for the purpose ofclause (ii) of sub-section (1) of section 35of theIncome-ta...
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Income Tax |
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Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012
Posted Date : 09-Aug-2013 , 11:48:04 am | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 33 (RE–2013)/2009-2014
New Delhi, Dated 7th August, 2013
Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
S.O. (E)- In exercise of powers conferred bySection 5of theForeign Tr...
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DGFT |
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Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate
Posted Date : 09-Aug-2013 , 11:47:34 am | Posted By: Vinay Sharma
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
Policy Circular No. 4/2009-2014 (RE 2012)
Dated: 8th August, 2013
To
All Regional Authorities (RAs);
All Commissioners of Customs;
Exporting Community
Subject: Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate.
RAs / Development Commissioners are following different practices while ...
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DGFT |
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Notification of New SION Number A-3644.
Posted Date : 08-Aug-2013 , 08:36:12 pm | Posted By: Vinay Sharma
(To be published in the Gazette of India Extraordinary)
(Part I-Section 1)
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 21 (RE: 2013)/2009-2014
New Delhi: dated 8th August , 2013
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol. I), the Directorate General of Foreign Trade hereby notifies a SION bearing n...
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DGFT |
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The Service Tax Voluntary Compliance Encouragement Scheme - clarifications regarding.
Posted Date : 08-Aug-2013 , 08:35:32 pm | Posted By: Vinay Sharma
Circular No. 170/5 /2013 - ST
F. No. B1/19/2013-TRU (Pt)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
New Delhi, dated the 8th August, 2013
To,
Chief Commissioners of Central Excise and Customs (All),
Director General (Service Tax), Director General (Systems),
Director General (Central Excise Intelligence), Director General (Audit),
Commissioners of Service Tax (All), Commissioners of Central Excise (All), Com...
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Service Tax |
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Provisional release of export - goods detained for investigation -reg.
Posted Date : 08-Aug-2013 , 08:34:15 pm | Posted By: Vinay Sharma
Circular No. 30/2013 - Customs
F. No. 401/179/2009-Cus.III
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Custom
North Block, New Delhi,
Dated the 5th August, 2013.
To,
All Chief Commissioner of Customs/Customs (Prev),
All Chief Commissioner of Customs & Central Excise.
All Directors General of CBEC.
All Commissioners of Customs / Customs (Prev).
All Commissioners of Custms (Appeals).
All Commissioners of Customs & Central Exc...
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Custom |
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RRBs - Frontloading of branches in unbanked rural areas
Posted Date : 08-Aug-2013 , 08:31:14 pm | Posted By: Vinay Sharma
RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14
August 7, 2013
The Chairman All Regional Rural Banks
Dear Sir,
Frontloading of branches in unbanked rural areas
Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.
2. With the objective of increasing banking penetration and financial inclus...
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RBI |
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Revised instructions mandate DTA supplier to furnish certificate to developer regarding Cenvat credit availed
Posted Date : 08-Aug-2013 , 08:22:10 pm | Posted By: Vinay Sharma
AMENDMENT TO THE INSTRUCTION NO. 9 REGARDING PROCEDURE FOR REIMBURSEMENT OF DUTY (ROD) IN LIEU OF DRAWBACK FOR SUPPLY OF GOODS TO SEZ DEVELOPERS AGAINST INDIAN RUPEES
INSTRUCTION NO. 77, DATED 6-8-2013
I am directed to refer to this Department's Instruction No. 9, dated 18th February, 2009 of this Department on the subject mentioned above and to say that para 2(iii)(e) of the said instruction has been substituted by the following:
2. (iii)(e) "Disclaimer Certificate from DTA su...
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Excise |
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Clarification on DP-1.
Posted Date : 08-Aug-2013 , 12:37:31 pm | Posted By: Vinay Sharma
The dealers who have submitted Form DP-1 without purchase commodities inthe pre-revised Form DP-1 have the option to edit the Form DP-1 and submit the detailsof commodities purchased by them. Further, they can also edit the details of thecommodities for sale, otherwise the commodity list submitted earlier would be treatedas if these commodities are for sale. The last date for editing the said form is26.08.2013....
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VAT |
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Filing of online DVAT-48 returns for the First Quarter of 2013-14.
Posted Date : 08-Aug-2013 , 12:36:54 pm | Posted By: Vinay Sharma
In partial modification to this department's Circular NO.8 of 2013-14 on the subjectcited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005,the last date of filing of return, for the quarter ending 30106/2013, is extended to the datesas per schedule given below:...
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VAT |
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Filing of online returns for the First Quarter of 2013-14.
Posted Date : 08-Aug-2013 , 12:36:13 pm | Posted By: Vinay Sharma
In partial modification to this department's Circular NO.7 of 2013-14 on the subjectcited above, and in exercise of the powers conferred under Rule 49A of DVAT Rules, 2005,the last date of filing of return, excluding Annexure 2C and Annexure 20, for the quarterending 30/06/2013 for dealers, including composition dealers, is extended to the followingdates:...
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VAT |
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Tax Deposit and Return Filing by newly registered dealers.
Posted Date : 08-Aug-2013 , 12:35:30 pm | Posted By: Vinay Sharma
It has come to the notice of the department that Tax Identification Number (TIN)issued to the newly registered dealers during the month of April, 2013 had some validationproblem. The department has resolved the issue and fresh TINs have been issued to suchdealers. Hence, they are required to immediately deposit their due tax. Further, incompliance of rule 28(3) of the Delhi Value Added Tax Rules, 2005, such dealers arerequired to file their return for the first quarter of 2013-14, wfthin seven d...
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VAT |
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Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012
Posted Date : 08-Aug-2013 , 12:31:01 pm | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 33 (RE–2013)/2009-2014
New Delhi, Dated 7th August, 2013
Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
S.O. (E)- In exercise of powers conferred bySection 5of theForeign Tr...
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DGFT |
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SEBI specifies category of associated persons who should obtain certification from NISM
Posted Date : 07-Aug-2013 , 10:43:28 pm | Posted By: Vinay Sharma
SEBI (CERTIFICATION OF ASSOCIATED PERSONS IN THE SECURITIES MARKETS) REGULATIONS, 2007 - SPECIFIED ASSOCIATED PERSONS OF MERCHANT BANKERS TO OBTAIN REQUISITE CERTIFICATION(S) UNDER SAID REGULATIONS
NOTIFICATION NO. LAD-NRO/GN/2013-14/15/6319,DATED 2-8-2013
In terms of sub-regulation (1) of regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (the Regulations), the Board may require, by notification, any cat...
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SEBI |
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Officers up to rank of Asst. Director are given search and seizure powers for preventing money laundering
Posted Date : 07-Aug-2013 , 10:43:11 pm | Posted By: Vinay Sharma
SECTION 18 OF THE PREVENTION OF MONEY-LAUNDERING ACT, 2002 - SEARCH OF PERSONS - OFFICERS AUTHORIZED TO EXERCISE POWER TO SEARCH PERSONS AND TO SEIZE SUCH RECORD OR PROPERTY WHICH MAY BE USEFUL FOR OR RELEVANT TO PROCEEDINGS UNDER THE ACT
NOTIFICATION NO. 8 OF 2013 [F.NO.6/14/2008-ES]/SO 2309(E),DATED 26-7-2013
In exercise of the powers conferred by sub-section (1) of section 18 of the Prevention of Money-Laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Act), the Central Gover...
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Corporate Laws |
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Amended I-T Rules for furnishing of info by Venture Cap Co. or Venture Cap Funds; Form 64 revised
Posted Date : 07-Aug-2013 , 10:42:10 pm | Posted By: Vinay Sharma
INCOME-TAX (THIRTEENTH AMENDMENT) RULES, 2013 - SUBSTITUTION OF RULE 12C AND FORM NO. 64
NOTIFICATION NO. 59/2013 [F.NO.142/17/2013-TPL]/SO 2364(E),DATED 5-8-2013
In exercise of the powers conferred by sub-section (2) of section 115U read with section 295 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 (13th Amendment) Rules, 2...
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Income Tax |
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CBDT amends I-T Rules for furnishing of info of sum paid to NRs; revised Forms 15CA and 15CB notified
Posted Date : 07-Aug-2013 , 10:41:32 pm | Posted By: Vinay Sharma
INCOME-TAX (TWELFTH AMENDMENT) RULES, 2013 - SUBSTITUTION OF RULE 37BB AND FORM NOS. 15CA AND 15CB
NOTIFICATION NO. 58/2013 [F.NO.149/119/2012-SO(TPL)]/SO 2363(E),DATED 5-8-2013
In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 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 (12th Amend...
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Income Tax |
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Non-Resident Deposits - Comprehensive Single Return (NRD-CSR): Submission under XBRL
Posted Date : 07-Aug-2013 , 09:50:13 pm | Posted By: CASANSAAR
RBI/2013-14/173A.P. (DIR Series) Circular No. 19
August 7, 2013
To,
All Banks Authorised to deal in Foreign Exchange
Madam / Sir,
Non-Resident Deposits - Comprehensive Single Return (NRD-CSR):Submission under XBRL
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited toA.P. (DIR Series) Circular No.55 dated May 9, 2007on NRD-CSR software package being used by the banks for submission of detailed monthly data on non-resident deposits to the Reserve Bank....
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FEMA |
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Credit Information Companies (Regulation) Act, 2005
Posted Date : 07-Aug-2013 , 09:48:31 pm | Posted By: CASANSAAR
RBI/2013-14/174RPCD.CO.RCB.BC.No.19/07.51.010/2013-14
August 07, 2013
The ChairmanAll State and Central Co-operative Banks (StCBs and CCBs)
Dear Sir,
Credit Information Companies (Regulation) Act, 2005 – Compliance
Please refer to ourcircular RPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 01, 2009advising StCBs and CCBs that in terms of Section 15(1) of Credit Information Companies (Regulation) Act, 2005, every credit institution has to become a member of at least one Cre...
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RBI |
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Regarding exemption of Excise duty leviable on the specified goods affixed with brand name or trade name of another person
Posted Date : 07-Aug-2013 , 04:51:52 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY,
PART –II, SECTION3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
Notification No. 10/2013 - Central Excise (N.T.)
New Delhi, the 02 August, 2013
G.S.R. (E) –Whereas the Central Government is satisfied that a practice was generally prevalent regarding levy of duty of excise (including non-levy thereof) undersection 3of theCentral Excise Act, 1944 (1 of 1944)(hereinafter referred to as the sai...
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Excise |
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Amendment in Rule 21AB and Insertion of Form 10F - Income-tax (11th Amendment) Rules, 2013
Posted Date : 07-Aug-2013 , 04:50:24 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION NO. 57/2013
DATED 1-8-2013
S.O. 2331(E) -In exercise of the powers conferred bysection 90andsection 90Aread withsection 295of theIncome-tax Act, 1961 (43 of 1961),the Central Board of Direct Taxes hereby makes the following rules further to amend theIncome-tax Rules, 1962, namely:—
1.(...
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Income Tax |
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CBDT lays down criteria for manual selection of case for scrutiny assessment for FY 2013-14
Posted Date : 07-Aug-2013 , 06:48:29 am | Posted By: CASANSAAR
In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria for manual section of returns/cases for scrutiny during the financial year 2013-2014:
2.The targets for completion of scrutiny assessments and strategy of framing quality assessments as contained in Central Action Plan document for Financial Year 2013-2014 has to be complied with. It is being reiterated that all scrutiny assessments including the cases selected under m...
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Income Tax |
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Regarding clarification regarding contract under PIR, 1986
Posted Date : 06-Aug-2013 , 10:35:09 pm | Posted By: CASANSAAR
Circular No. 31/2013-Cus.
F. No. 528/43/2013-STO (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
****
New Delhi, the 6thAugust, 2013
All Chief Commissioner of Customs
All Chief Commissioner of Customs and Central Excise
All Commissioners of Customs
All Commissioners of Customs and Central Excise
Sir/Madam,
References have been received in the Board to clarify whether or not apurchase ordercan be considered as a contract in t...
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Custom |
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FINMIN allows premature encashment of saving bonds to senior citizens with a cost
Posted Date : 03-Aug-2013 , 07:04:19 pm | Posted By: Vinay Sharma
8 PER CENT SAVINGS (TAXABLE) BONDS, 2003 - AMENDMENT IN PARAGRAPH 16 OF NOTIFICATION NO. F.4 (10)-W&M/2003, DATED 21-3-2013
NOTIFICATION NO. F.4(10)-W&M.2003,DATED 29-7-2013
The Government of India hereby notifies that Paragraph 16 (Repayment) of the aforesaid Notification shall be amended as follows :
16.Repayment:
(i)
The bonds shall be repayable on the expiration of 6 (six) years from the date of issue.
(ii)
Provision for premature encashment
Premature enca...
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Corporate Laws |
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IRDA defers deadline for implementation of standard proposal form for life insurance
Posted Date : 03-Aug-2013 , 07:03:56 pm | Posted By: Vinay Sharma
COMPLIANCE DATE FOR IMPLEMENTATION OF STANDARD PROPOSAL FORM FOR LIFE INSURANCE
CIRCULAR NO. IRDA/LIFE/APEG/CIR/149/08/2013,DATED 2-8-2013
Taking into account various representations received from Life Insurance Industry, the competent Authority, under the provisions of Regulation 12 of IRDA (Standard Proposal Form for Life Insurance ) Regulations, 2013 has deferred the implementation of obligations under sections 5, 6, 7, 8, 9 & 10 of IRDA (Standard Proposal Form for Life Insurance) Regul...
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Corporate Laws |
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Extend the date for filing of stock statement in Form Stock-1 online for the stock available on 31st March, 2013
Posted Date : 03-Aug-2013 , 08:36:46 am | Posted By: CASANSAAR
In partial modification of Notification No.F.7(433)/Policy-II/VAT/2012/Part File/353-364 dated 28/06/2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of thepowers conferred on me under sub-section(1) read with sub-section (3) of section 70 of DelhiValue Added Tax Act, 2004, do hereby extend the date for filing of stock statement in FormStock-1 online for the stock available on 31st March, 2013 to the following date:...
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VAT |
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Regarding classification of products -
Posted Date : 03-Aug-2013 , 08:34:53 am | Posted By: CASANSAAR
Circular No.28 / 2013
F.No. .No.528/52/2013 – STO (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tariff Unit
***
229A, North Block, New Delhi,
1stAugust, 2013
To
All Chief Commissioners of Customs/Customs (Prev.),
All Commissioners of Customs/Customs (Prev.),
All Chief Commissioners Customs & Central Excise,
All Commissioners of Customs & Central Excise,
All Directors General under CBEC.
Sir / Madam,
S...
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Custom |
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Financing of Infrastructure - Definition of \'Infrastructure Lending\'
Posted Date : 03-Aug-2013 , 08:33:31 am | Posted By: CASANSAAR
RBI/2013-14/172DNBS.PD.CC.No. 354/03.10.001/2013-14
August 02, 2013
All NBFCs
Dear Sir / Madam,
Financing of Infrastructure - Definition of 'Infrastructure Lending'
Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:
Capital Dredging, under the sub-sector ‘Ports’.
Slurry Pipelines
Teleco...
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RBI |
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Duration for utilization of Governmental debts limits reduced from 45 days to 30 days
Posted Date : 02-Aug-2013 , 01:00:06 pm | Posted By: Vinay Sharma
UTILISATION PERIOD FOR GOVERNMENT DEBT LIMITS
CIRCULAR NO. IMD/FIIC/11/2013,DATED 31-7-2013
1.SEBI vide circularIMD/FIIC/22/2012 dated November 07, 2012had reduced the utilisation period for Government debt limits allocated through auction process to 30 days from 45 days.
2.Currently, the unutilsed debt limits as on the 18th of every month are auctioned on the 20th of the month (the next working day in case 20th is a holiday). Thus, an FII/QFI purchasing debt limits in the auction on the 20th...
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SEBI |
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