Notification No. 32/2012-FT&TR-II Whereas the annexed Agreement between the Government of the Republic of India and the Government of the Republic of Liberia for the exchange of information and assistance in collection with respect to taxes was signed in Liberia on the 3rd day of October, 2011; And whereas the date of entry into force of said agreement is the 30th day of March, 2012, being the date of the later of the notifications after completion of the procedures as required by the respective laws for the entry into force of this Agreement, in accordance with article 12 of the said Agreement;
In exercise of the powers conferred by sub‑ section (4) of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Bengaluru under the administrative control of its Southern Regional Office at Chennai.
Urban Co-operative Banks are advised to offer a ‘Basic Savings Bank Deposit Account’ which will offer following minimum common facilities to all their customers: The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all. This account shall not have the requirement of any minimum balance.
Notification No. 46 /2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E), dated the 17th March, 2012, namely: –
Notification No. 31/2012-Income Tax Central Government hereby notifies that where the variation between the arm’s length price determined under section 92C and the price at which the international transaction has actually been undertaken does not exceed five per cent of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arm’s length price for assessment year 2012-13.
