"26 March 2013" Archive

Income Tax Department playing smart

I filed Income Tax return of my client in July 2012 for assessment year 2012-13 which was very well before the due date of 31 July 2012. I filed another return of my client in March 2013, which was approximately 9 months late. But see the irony! The Return filed in month of March got processed and return Filed in the Month of July is stil...

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Posted Under: Income Tax |

Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order, 2013

G.S.R. 191(E) (26/03/2013)

No person shall manufacture, distribute, sell, purchase, possess, store, or consume any controlled substance included in Schedule-A without a unique registration number in Form-A issued by the Zonal Director of Narcotics Control Bureau:...

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Service Tax Regime Heads for Stringent Penalties

Very soon, Service Tax, which is considered to be a relatively young baby in the tax universe, will make the assessees scared of penalties and prosecution. The Budget which has been passed by both the houses of the Parliament now will soon become enactment and all provisions shall become operational. ...

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Posted Under: Income Tax |

Service Tax Return – ST-3 for July-September, 2012 available

Service Tax Return (ST 3) for the period 1st July-30th September, 2012 is now available in a modified format for e-filing in ACES. Only offline version is available and there is no online version. The utility needs to be downloaded afresh from ‘DOWNLOADS’ section of ACES website, www.aces.gov.in or after logging in, under the ...

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Posted Under: Income Tax |

CBEC – Good Friday – Relaxation for Prayers to persons who profess Christian faith

Circular No. F.No.296/42/2013-Central Excise .9 (26/03/2013)

The Hon’ble High Court has directed, amongst other things, that such persons who profess Christian faith and are desirous of either being sanctioned full leave on both days or permission to pray at the Church for a limited duration on either day would be sanctioned leave or permission to leave offices to visit the Church at a short dur...

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Seeks to impose final safeguard duty @ 20% on imports of Hot rolled flat products of stainless Steel 304 grade( up to a max width of 1605 mm) into India from China from 4th January, 2013 to 22nd July, 2013 (both days inclusive)

S.O. 834(E). (26/03/2013)

hereas, the Central Government, having regard to the available information as to the possible use of substances mentioned in the Table below in the production or manufacture of various narcotic drugs and psychotropic substances, and also to implement the provisions of the United Nations Convention Against Illicit Traffic in Narcotic Drugs...

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Seeks to levy Anti -dumping duty on Flat Base Steel products originating in, or exported from, China

Notification No. 03/2013-Customs, (ADD) (26/03/2013)

there has been continued dumping of the subject goods from People's Republic of China and the dumping is likely to continue and increase if the anti-dumping duty is allowed to cease;...

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Exemption from customs duty on Import of Pulses extended upto 31-3-2014

Notification No. 18/2013-Customs (26/03/2013)

Notification No. 18/2013 - Customs, Dated 26th March, 2013 Seeks to amend the notification No. 12/2012-Customs, dated 17th March, 2012 - Exemption from customs duty on Import of Pulses extended upto 31-3-2014...

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Regarding Exemption to goods when imported into India from Japan

Notification No. 17/2013-Customs (26/03/2013)

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 ...

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Interest Rate on NSC MIS MIS SCSS POTD WEF 01.04.2013

Rate of interest on various small savings schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :...

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Posted Under: Income Tax |

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