DVAT - Constitution of Delhi Trade Board for National Capital Territory of Delhi.
Posted Date : 01-Aug-2013 , 08:33:30 pm | Posted By: CASANSAAR
In continuation of the earlier order No. F.7/T&T/PB/SCTT-(PR/Coordn.)/ dated 24th July, 2013 issued in the said connection, theGovernment of NCT of Delhi has been pleased to add the names offollowing Trade Bodies / Associations to make the Delhi Trade Board morerepresentative:...
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VAT |
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ATM transactions
Posted Date : 01-Aug-2013 , 08:29:33 pm | Posted By: CASANSAAR
RBI/2013-14/171DPSS. CO.PD.No. 289/02.10.002/2013-2014
August 1, 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
Madam / Dear Sir,
ATM transactions – Enhancement of customer service
The Reserve Bank of India has, over a period of time, issued a number of instructions to banks regarding enhancement of customer service as well as handl...
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RBI |
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Risk Management and Inter-bank Dealings
Posted Date : 01-Aug-2013 , 08:28:55 pm | Posted By: CASANSAAR
RBI/2013-14/169A.P. (DIR Series) Circular No. 18
August 1, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-bank Dealings
Attention ofAuthorised Dealers Category – I (AD Category I) banks is invited toAP (DIR) Circular No. 121 dated June 26, 2013wherein it was clarified that if an FII wishes to hedge the Rupee exposure of one of its sub-account holders, it should be done on the basis of a mandate from the sub-account holder for the purpose and ...
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FEMA |
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Special counters for filing returns of Income from 31st July,2013 to 5th August,2013
Posted Date : 01-Aug-2013 , 12:40:11 pm | Posted By: CASANSAAR
F.No. 225/117/2013/ITA.II
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes
North-Block, ITA.IIDivision
New Delhi, the 31stof July, 2013
To
All CCIT (CCA)
Sir/Madam,
Subject: Opening of special counters forfiling returnsof Income-regd:-
In view of extension ofdue datefor filing of return of Income from 31stJuly, 2013 to 5thAugust, 2013 vide CBDT’s order under section 119 of IT Act inF.No 225/117/2013/ITA.II dated 31.07.2013, I am directe...
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Income Tax |
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Regarding offline payment of tax, interest and penalty or any other amount due under the Delhi Value Added Tax Act, 2004.
Posted Date : 31-Jul-2013 , 08:33:18 pm | Posted By: CASANSAAR
In partial notification of Notification No No.F.7( 400)/Policy/VAT/2011/383-396 dated 05.07,2013 regarding procedure of offline payment of tax, interest andpenalty or any other amount due underthe Delhi Value Added Tax Act, 2004, and in exercise of the powers conferred under sub rule (2) of Rule 31 of Delhi Value AddedTax Rules, 2005, read with clause, (b) of sub rule (4) of rule 2 of the said Rules and Section 36 of Delhi Value Added Tax Act; 2004 I, Prashant Goyal, Commissioner,Value Added TaX...
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VAT |
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Interest on Rupee Denominated Bonds not to exceed 500 bps over base rate of SBI, CBDT notifies
Posted Date : 30-Jul-2013 , 09:38:24 pm | Posted By: CASANSAAR
SECTION 194LD OF THE INCOME-TAX ACT, 1961 - INCOME BY WAY OF INTEREST ON CERTAIN BONDS AND GOVERNMENT SECURITIES - NOTIFIED RATES OF INTEREST ON RUPEE DENOMINATED BOND OF AN INDIAN COMPANY
NOTIFICATION NO. 56/2013 [F.NO.149/81/2013-TPL]/SO 2311(E),DATED 29-7-2013
In exercise of the powers conferred by the proviso to sub-section (2) of section 194LD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following rates of interest in respect of rupee denominate...
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e-filling of P-VAT 15 for quarter 1 of FY 2013-14 has been extended till 6th August, 2013
Posted Date : 30-Jul-2013 , 08:58:10 pm | Posted By: CASANSAAR
Govt. of PUNJAB
EXCISE AND TAXATION DEPARTMENT
PUBLIC NOTICE
Dated:
Attention : All VAT Dealers, Advocates, Chartered Accountants and Cost Accountants
Subject: Last date for submitting tax and e-filling VAT 15 for Quarter 1 of FY 2013-14
1. The VAT 15 e-Filling service for quarter 1 of FY 2013-14 was started from 1stJuly, 2013.
2. The last date for e-filling of VAT 15 for quarter 1 of FY 2013-14 has beenextended till 6th August, 2013.
3. Please be informed that the dates for su...
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VAT |
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Regarding DVAT FORM T-2.
Posted Date : 30-Jul-2013 , 07:59:10 am | Posted By: CASANSAAR
In exercise of the powers conferred. under sub-section (1) read with sub-section (3) ofsection 70 of Delhi Value Added Tax Act, 2004, Form T-2 was prescribed for dealers (except thedealers exclusively dealing in tax free goods) whose gross turnover exceeded Rs. 10 crore duringthe year 2011-12 orany.future date on which the dealer attains the lower limit of GTO of RS.10 Cr.,vide notification No. F.7(433)/Policy-111VAT/2012/180-1'90 dated 17.05.2013. to file onlineinformation on the goods being i...
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VAT |
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Implementation of Section 51-A of UAPA, 1967
Posted Date : 26-Jul-2013 , 08:00:10 pm | Posted By: CASANSAAR
RBI/2013-14/162DBOD. AML. No. 1416 /14.06.001/2013-14
July 26, 2013
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 –Updates of the UNSCR 1988(2011) Sanctions List
Please refer to ourcircular DBOD. AML. No. 6328 /14.06.001/2012-13 datedOctober 29, 2012on the captioned subject. We have since received from Government of India, Ministry of External Affairs, UN...
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RBI |
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Due date for filling Online DVAT return for Quarter 1 of 2013-14 extended from 25-07-2013 to 07-08-2013
Posted Date : 25-Jul-2013 , 06:39:04 pm | Posted By: CASANSAAR
In order to facilitate the filing of online DVAT/CST returns, in exercise of thepowers conferred under Rule 49A of the DVAT Rules 2005, the last date of filing of return,excluding Annexure 2C and Annexure 2D, for the quarter ending 30.06.2013 for dealers,including composition dealers, shall be as per schedule given below:-
Last date of filingof online return :07.08.2013
Last date of filinghardcopy of return : 10.08.2013
Further, the last date for filing Annexure 2C and Annexure 2D forming p...
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VAT |
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Dropping from audit proceedings in r/o dealers dealing exclusively in exempted/tax free items.
Posted Date : 25-Jul-2013 , 06:33:41 pm | Posted By: CASANSAAR
The: V.AT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned theaudit of the business affairs of dealers u/s 58 of OVATAct, 2004 based on the risk profile of thedealers. Amongst such selected cases, some cases pertain to the dealers who are engagedexclusively in exempted/tax free items. In this regard, it is clarified that such cases of dealers engagedexclusively in exempted/tax free items may not be taken up for audit, even if a notice of audit hasalready been issued ...
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Regarding - applicable excise duty on Sedan cars like Maruti SX4, Honda Civic, Toyota Corolla Altis under notification No. 12/2013-CE dated 1st March, 2013
Posted Date : 25-Jul-2013 , 08:11:38 am | Posted By: CASANSAAR
Circular No. 972/06/2013.CX
F. No. 354/04/2013 - TRU
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
****
NewDelhi,Dated 24thJuly, 2013.
To
All Chief Commissioners of Central Excise,
All Chief Commissioners of Customs & Central Excise.
Subject:Applicable excise duty on Sedan cars likeMarutiSX4, Honda Civic, Toyota CorollaAltisunder notification No. 12/2013-CE dated 1stMarch, 2013 - regarding
Sir/Madam,
I am directed to invite your attentio...
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Excise |
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Section 42(1) of the Reserve Bank of India Act, 1934
Posted Date : 25-Jul-2013 , 08:10:13 am | Posted By: CASANSAAR
RBI/2013-14/160RPCD.CO.RRB.No. 16/03.05.33/2013-14
July 24, 2013
All Scheduled State Cooperative Banks/Regional Rural Banks
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 – Change inDaily Minimum Cash Reserve Maintenance Requirement
Please refer toPress Release 2013-2014/154 dated July 23, 2013announcing additional measures to address exchange market volatility.
2. As mentioned therein, currently, banks are allowed to maintain a minimum of 70 per cent of the required ...
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RBI |
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Migration of Post-dated cheques (PDC)/Equated Monthly Instalment (EMI) Cheques to Electronic Clearing Service (Debit)
Posted Date : 25-Jul-2013 , 08:09:12 am | Posted By: CASANSAAR
RBI/2013-14/158DPSS.CO.CHD.No./209/04.07.05/2013-14
July 24, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir
Migration of Post-dated cheques (PDC)/Equated Monthly Instalment (EMI) Cheques to Electronic Clearing Service (Debit)
We invite a reference to our circularDPSS.CO.CHD.No.1622/04.07.05/2012-13 dated M...
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RBI |
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Credit Information Companies (Regulation) Act, 2005
Posted Date : 25-Jul-2013 , 08:08:31 am | Posted By: CASANSAAR
RBI/2013-14/157RPCD.CO.RRB.BC.No.14/03.05.33/2013-14
July 23, 2013
The ChairmanAll Regional Rural Banks (RRBs)
Dear Sir,
Credit Information Companies (Regulation) Act, 2005 – Compliance
Please refer to ourcircular RPCD.CO.RRB.No.32/03.05.33/2009-10 dated October 20, 2009advising RRBs, 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 Credit Information Company within a period of three m...
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RBI |
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Priority Sector Lending Reporting
Posted Date : 25-Jul-2013 , 08:07:50 am | Posted By: CASANSAAR
RBI/2013-14/156RPCD.CO.Plan. BC 15/04.09.01/2013-14
July 24, 2013
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Madam/Dear Sir,
Priority Sector Lending Reporting – Definition of “disbursement”
Please refer to thecircular RPCD.CO.Plan. BC 56/04.09.01/2012-13 dated January 7, 2013on Priority Sector Lending –Revised Reporting System.
2. Disbursement to be reported in the monthly and yearly report...
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RBI |
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Return filing due date extended to October 31, 2013 for Uttarakhand taxpayers
Posted Date : 24-Jul-2013 , 10:22:30 pm | Posted By: CASANSAAR
SECTION 119 OF THE INCOME-TAX ACT, 1961 - INCOME-TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - EXTENSION OF DUE DATE FOR FILING RETURNS OF INCOME REQUIRED TO BE FURNISHED BY 31-7-2013 TO 31-10-2013 IN RESPECT OF ASSESSEES RESIDING OR ASSESSED IN STATE OF UTTARKHAND
ORDER [F. NO. 225/117/2013/ITA.II],DATED 23-7-2013
Considering the large-scale devastation due to recent natural clamity in the State of Uttarakhand, the Central Board of Direct Taxes, in exercise of powers conferred u...
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Income Tax |
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CBDT\'s guidelines for allocation of work of departmental representative for representing before ITAT
Posted Date : 24-Jul-2013 , 10:21:21 pm | Posted By: CASANSAAR
WORK ALLOCATION OF DEPARTMENTAL REPRESENTATIVES BEFORE ITAT
INSTRUCTION NO. 9/2013, [F. NO. 279/MISC./M-82/2011-ITJ],DATED 22-7-2013
Reference is invited to Board's earlierInstruction No. 13/2008 dated 18-09-2008on the subject of work allocation of CIT(DRs)/Sr. DRs.
In supersession of earlier instructions on this subject, the Board has decided to lay down the following parameters for allocation of work between the CIT(DRs) and the Sr. DRs for representation before ITAT.
2.The allocation of ...
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Income Tax |
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PVAT - Implementation of E TRIP
Posted Date : 23-Jul-2013 , 09:24:26 pm | Posted By: Gaurav Gupta
A. lntra-State movement of qoods:
All concerned are hereby informed that Rule 64-,4 has been added tothe punjab VAT Rules, 2005 prescribing procedure for furnishinginformation in respect of intra-state trade or commerce of specifiedgoods.
CLICK THE ATTACHED FILE FOR DETAIL....
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VAT |
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Risk Management and Inter-Bank Dealings
Posted Date : 23-Jul-2013 , 09:02:01 pm | Posted By: CASANSAAR
RBI/2013-14/151A.P. (DIR Series) Circular No.17
July 23, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings –Reporting of Unhedged Foreign Currency Exposures of Corporates
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Section B paragraph 1(i)(h) and Section G Para (ii) ofA.P. (DIR Series) Circular No. 32 dated December 28, 2010on “Comprehensive Guidelines on Over the Counter (OTC)...
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FEMA |
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Import of Gold by Nominated Banks /Agencies/Entities
Posted Date : 23-Jul-2013 , 08:59:55 pm | Posted By: CASANSAAR
RBI/2013-14/148A.P. (DIR Series) Circular No.15
July 22, 2013
To
All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold
Madam / Sir,
Import of Gold by Nominated Banks /Agencies/Entities
Attention of Authorised Persons is drawn to the Reserve Bank’sA.P. (DIR Series) Circulars No. 103,107and122datedMay 13,June 04and June 27, 2013respectively on the captioned subject. ;As per these instructions, certain restriction...
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FEMA |
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Master Circular on Imports
Posted Date : 23-Jul-2013 , 01:00:28 pm | Posted By: Jignesh Gala
Master Circular on Imports issued by RBI, w.e.f. July 01, 2013...
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RBI |
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Regarding Standard Unit Quantity Code (UQC)
Posted Date : 22-Jul-2013 , 08:20:10 pm | Posted By: CASANSAAR
Circular No. 26 /2013 -Customs
F. No. 450/180/2009-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
****
227- B, North Block, New Delhi
Dated 19.07.2013
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 Central Excise and Customs
All Directors General under CBEC.
Sir / Madam,
Su...
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Custom |
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RRBs - Bank Rate increased
Posted Date : 19-Jul-2013 , 08:49:21 pm | Posted By: CASANSAAR
RBI/2013-14/146RPCD.CO.RRB.RCB.BC. No.13/03.05.33/2013-14
July 15 , 2013
The Chairmen/Chief Executive Officers,All Regional Rural Banks / State and Central Co-operative Banks
Dear Sir/Madam,
Bank Rate
As announced in thePress Release 2013-14/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013.
2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank ...
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RBI |
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Guidelines for weighted deduction @150% ofthe expenditure incurred on skill development under section 35CCD of the Income
Posted Date : 18-Jul-2013 , 08:01:34 pm | Posted By: CASANSAAR
Government ofIndia
Ministry of Finance
Department of Revenue
Central Board ofDirect Taxes
Press Release
Dated 18th July, 2013
Subject: Guidelines for weighted deduction @150% ofthe expenditureincurred on skill development under section 35CCD ofthe Income tax Act,1961.
The National Manufacturing Policy (NMP), 2011 proposed to provideinter alia, the following direct taxes incentives to promote skilldevelopment:
“Weighted deduction of 150% of the expenditure (other thanland o...
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Income Tax |
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If the Goods Receipt Number (GR) is not available in advance, Form T-2 would need to be filed without Goods Receipt Number
Posted Date : 18-Jul-2013 , 07:47:36 pm | Posted By: CASANSAAR
If the Goods Receipt Number (GR) is not available in advance, Form T-2 would need to be filed without Goods Receipt Number. However, the GR Number would need to be updated within 24 hours of receipt of the goods by the Delhi dealer. In such cases the Delhi dealer shall not dispose of/sell/dispatch such goods till the GR number in Form T-2 is updated online. The other contents of the Notification No. 7(433)/Policy-II/VAT/2012/180-190 dated 17/05/2013 shall remain the same....
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VAT |
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Circular regarding applicability of newly notified Forms DVAT-16 and DVAT-17.
Posted Date : 18-Jul-2013 , 07:44:17 pm | Posted By: CASANSAAR
The Government vide notification no.F.3(4)/Fin.(Rev.-I)/2013-14/DSVI/519 dated09.07.2013 has notified revised forms DVAT-16 and DVAT-17. A number of queries arepouring in from various professionals and Trade Associations regarding the quarter fromwhich these forms will be applicable, since the relevant details required in revised forms maynot have been maintained by dealers.
In view of the fact that the said notification came into force on the date of publicationin the Delhi Gazette i.e. on 0...
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VAT |
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CBDT\'s clarification - Exemption under Sec. 10A, 10AA, 10B and 10BA are available after set off of losses
Posted Date : 17-Jul-2013 , 09:42:44 pm | Posted By: CASANSAAR
SECTION 10A, READ WITH SECTIONS 10AA & 10B OF THE INCOME-TAX ACT, 1961 - FREE TRADE ZONE - DIRECT TAX BENEFITS - CLARIFICATION ON ISSUES RELATING TO APPLICABILITY OF CHAPTER IV OF THE ACT AND SET OFF AND CARRY FORWARD OF BUSINESS LOSSES
CIRCULAR NO. 7/DV/2013 [FILE NO.279/MISC./M-116/2012-ITJ],DATED 16-7-2013
It has been brought to the notice of the Board that the provisions of 10A/10AA/10B/10BA of the Income-tax Act, with regard to applicability of Chapter IV of the Act and set off and ca...
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Income Tax |
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CBDT issues instruction to effectively handle the SLPs or appeals to be filed by assessees
Posted Date : 17-Jul-2013 , 09:41:45 pm | Posted By: CASANSAAR
SECTION 261 OF THE INCOME-TAX ACT, 1961 - SUPREME COURT - APPEALS TO - INSTRUCTION REGARDING STANDARD OPERATING PROCEDURE FOR APPEALS/SLPS FILED BY THE ASSESSEES IN THE SUPREME COURT AND RELATED MATTERS
INSTRUCTION NO. 8/2013 [F NO. 279/MISC./M-33/2013-ITJ],DATED 16-7-2013
Instruction No. 4 of 2011 dated 9th March 2011of CBDT laying down the Standard Operating procedure on filing of appeals/SLPs by the Income Tax Department contains, inter-alia, the procedure to be followed in the case of SLPs...
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Income Tax |
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Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 17-Jul-2013 , 09:38:38 pm | Posted By: CASANSAAR
RBI/2013-14/144DBOD.No.Ret.BC. 33/12.02.001/2013-14
July 17, 2013
All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Please refer to ourcircular DBOD.No.Ret.BC.95 /12.02.001/2011-12 dated April 17, 2012wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow overnight up to 2 per cent of their respective Net Dema...
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RBI |
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