Day: November 23, 2011
12 articlesCustom Duty

Custom Duty
Custom Notification on import of Opal Glassware from people’s Republic of China and UAE
Income Tax

Income Tax
S. 40(a)(ia) Amendment to give extended time for TDS payment is retrospective
Fema / RBI
Fema / RBI
Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives – Foreign Currency – INR swaps
Fema / RBI
Fema / RBI
External Commercial Borrowings (ECB) Policy modified – Parking of ECB proceeds
Fema / RBI
Fema / RBI
ECB Policy modified – All-in-cost Ceiling enhanced
Fema / RBI
Fema / RBI
RBI hikes Interest Rates on NRE and FCNR(B) Deposits
DGFT

DGFT
Completion of online uploading of RCMC data on DGFT’s Server By EPCs / Commodity Boards/Authorities by 30.11.2011
Custom Duty

Custom Duty
Conditions mentioned in CBEC Circular on compliance of which Accreditation is dependent cannot be said to be arbitrary or violative of fundamental rights
Income Tax

Income Tax
While deciding penalty appeal, it is open to the Tribunal to look into the transaction to see as to whether the claim was bona fide or it was bogus and result of falsehood
Income Tax

Income Tax
No Penalty for Claim based on consultants advice when two views were possible
Income Tax

Income Tax
If shares held as investments than loss on the sale thereof is capital loss and not Business loss
Fema / RBI
Fema / RBI
