"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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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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Grant of Commendation Certificate on the occasion of Central Excise Day, 2013 – regarding

On the occasion of Central Excise Day, 2013, it has been proposed to award Commendation Certificates to selected officers at an All India level from different grades who, by their innovative ideas/continued devotion and commitment to duty have contributed in promoting excellence in the fields of Central Excise, Service Tax & Customs adm...

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Posted Under: CA, CS, CMA |