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Archive: 08 May 2013

Posts in 08 May 2013

Loss on foreign currency forward contracts which is not in respect of specified export or import is speculation loss

May 8, 2013 3597 Views 0 comment Print

As far as submissions of allowing the deduction in subsequent AY. is concerned we are of the opinion that the question is not arising out of the appeal decided by the FAA and appeal for the next AY is not before us. In these circumstances, we do not want to pass any order in this regard.

Notification for Changes in Custom Duty rates wef 08.05.2013

May 8, 2013 2641 Views 0 comment Print

Changes in Custom Duty rates titanium dioxide falling under heading 28.23, polymers (CTH 3901, 3902, 3903 and 3904) including ethylene vinyl acetate (EVA), iron or steel scrap including stainless steel scrap (CTH 7204), aluminum scrap (CTH 7602) been notified wef 05.05.2013.

Notification on Changes in Excise Duty Rates wef 08.05.2013

May 8, 2013 5960 Views 0 comment Print

Changes in Excise Duty Rates wef 08.05.2013 on jaggery powder, Particle/Fibre Board, flattened bamboo boards and bamboo flooring tiles, Clay bricks (Tariff Item 69010010) and roofing tiles (Tariff Item 69051000), Steel supplied to the Indian shipyards manufacturing ships and vessels [CETH 8901, 8902, 8904, 8905 (except sub heading 8905 20) or 8906]

ICAI to conduct Mock Tests for CPT students for June, 2013 Examination

May 8, 2013 2814 Views 0 comment Print

With a view to further encourage the students to evaluate their preparation for the examination, the Board of Studies has prepared CPT Mock Test Papers for CPT students to assess their preparation for the main examination to be held on 16th June, 2013.

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