"02 May 2012" Archive

Fake Income Tax Raid at Saharanpur

Recently there have been large number of news in daily newspapers on the above subject. Brief facts are that a gang of 6 persons led by so called Sh. V.D.Goyal, Investigation Officer of Income Tax Department raided the house of Dr. Mohan Pandey, Saharanpur(U.P.) on 18/04/2012. They claimed that they belong to the Office of the CIT, Luckno...

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Posted Under: Income Tax |

Exim Bank’s Line of Credit to the Government of Republic of Burundi

RBI/2011-12/529 A. P. (DIR Series) Circular No.114 02/05/2012

Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 24, 2011 with the Government of the Republic of Burundi, making available to the latter, a Line of Credit (LOC) of USD 80 million (USD Eighty million) for financing eligible goods, machinery, equipment and services including consultancy services from India for th...

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Guidelines on Implementation of Basel III Capital Regulations in India

RBI/2011-12/530 DBOD.No.BP.BC.98 /21.06.201/2011-12 02/05/2012

Please refer to the paragraph 90 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012. It was indicated that the final guidelines on the implementation of Basel III capital regulations would be issued by end - April 2012. It may be recalled that draft proposals on Basel III capital regulations were issue...

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Anti-dumping duty on imports of Partially Oriented Yarn originating in, or exported from, China PR

Notification No. 22/2012-Customs (ADD) 02/05/2012

Notification No.22/2012-Customs (ADD) in the matter of continuation of anti-dumping duty on imports of Partially Oriented Yarn (POY) (hereinafter referred to as the subject goods), falling under Heading 5402 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People’s Republic of Ch...

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Regarding Issue of ‘proper officer’ under the Customs Act, 1962

Notification No. 40/2012-Customs (N.T.) 02/05/2012

Notification No. 40/2012-Customs (N.T.) In exercise of the powers conferred by sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby assigns the officers and above the rank of officers mentioned in Column (2) of the Table below, the functions as the proper officers in relation...

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Two 15 Days GMCS Programme for CA students from 01.05.2012

The Council has decided that the General Management and Communication Skills (GMCS) Programme, presently being organized for 15 days for the CA students should be organized twice during the period of articled training as under: (i) GMCS-I (15 days) - during 1st year of articled training (ii) GMCS-II (15 days) - after completion of 18 mont...

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Posted Under: Income Tax |

ICAI – Feedback of Candidates on Question Paper-Chartered Accountants Examinations, May 2012

The Institute has developed an online Feedback form on the Question Papers of Chartered Accountants Examinations to be held from 2nd May 2012 to 17th May 2012 at the link http://www.icai.org/app_forms/student_feedback.html....

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Posted Under: Income Tax |

Amendment in Appendix 1 of HBP Vol. I (Appendices and Aayat Niryat Forms), 2009-2014

Public Notice No.108/2009-2014 (RE-2010) 02/05/2012

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014...

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Regarding services provided by the Agricultural Produce Marketing Committee (APMC) /Board

Circular No. 157/8 /2012-ST 27/04/2012

Circular No. 157/8 /2012-ST Representations have been received, seeking clarification regarding the levy of service tax on certain services provided by the Agricultural Produce Marketing Committee (APMC)/Board, using the ‘market fee’, in the light of Notification No.14/2004-ST. The representations have been examined. ...

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Display of Citizens Charter in all buildings of Income Tax Department

The Results Framework Document (RFD) for the Income Tax Department for the financial year 2012-13 under the objectives "Communication with Taxpayers" includes one of the action point "Display of Citizen’s Charter in all the buildings of the Department"....

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Posted Under: Income Tax |

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