"18 February 2013" Archive

Revised Audit Report Formats for bank/ bank branch audit

Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports...

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Posted Under: CA, CS, CMA | ,

Customs -Post Export EPCG Duty Credit Scrip Scheme notified

Notification No. 06/2013-Customs 18/02/2013

Handbook of Procedures Volume 1 means the Handbook of Procedures Volume 1, 2009-14, published in the Gazette of India, Extraordinary, Part I, Section 1 vide public notice of the Government of India in the Ministry of Commerce and Industry, Department of Commerce, No.01 (RE - 2012)/2009-2014, dated the 5 th June, 2012, as amended from time...

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Post Export EPCG Duty Credit Scrip Scheme notified

Notification No. 05/2013-Customs 18/02/2013

that where the first proviso to condition (7) is applied, the Cenvat Credit in respect of additional duty of customs shall not been taken and at the time of registration of the said scrip a certificate, from the jurisdictional Deputy ...

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Excise – Post Export EPCG Duty Credit Scrip Scheme notified

Notification No 03/2013-Central Excise 18/02/2013

Notification No 03/2013-Central Excise, Dated: February 18, 2013 G.S.R. 102 (E). In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and […]...

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Notification No. 02/2013-Central Excise ; Dated : 18.02.2013

Notification No. 02/2013-Central Excise 18/02/2013

Regional Authority" means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant an authorisation, including a duty credit scrip under the said Act....

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Sale and transmission of gas is a contract for sale & not a contract for technical services

A.C.I.T [TDS] Vs M/s Chambal Fertilizers & Chemicals Ltd. (ITAT Jodhpur)

The agreement between the assessee and GAIL is a contract for sale of gas and not a works contract. VAT which is charged by the seller is on the composite price and not only on the price of the gas. The assessee is required to disclose the price of the gas and transmission charges separately in the same invoice. GAIL is a Government of In...

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Eligibility Criteria & Process to claim benefits of Rajiv Gandhi Equity Savings Scheme (RGESS)

A new section 80CCG under the Income Tax Act, 1961 on ‘Deduction in respect of investment under an equity savings scheme’ has been introduced to give tax benefits to ‘New Retail Investors’ who invest up to Rs. 50,000 in ‘Eligible Securities’ and have gross total annual income less than or equal to Rs.10 Lakhs....

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Profession Tax – Review of Latest Amendments in Maharashtra

 1)        Profession Tax E-Enrollment- 3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under this section for the periods for which he has remained so un­enrolled shall not exceed eight years from the end of [&helli...

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Download Automatic MAT Calculator in Excel Format with Case Laws

We have attached below an excel utility to compute the MAT as per provisions of Section 115JB of Income Tax Act, 1961. While preparing the utility Author of the utility has  considered various income-tax cases decided by various judicial authorities both in favour of assessee and in favour of revenue. Utility is in Excel File Format [&h...

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Provident Fund Registration, Withdrawal & Transfer Procedure

Provident Fund is a Social Security Benefit to employees. During an employee’s productive life he along with his employer contribute monthly to a PF Fund which then serves as a nest on retirement for his/her old age. This act is an important piece of Labour Welfare legislation enacted by the Parliament to provide social security benefit...

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December 2022