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Archive: 17 May 2013

Posts in 17 May 2013

SEBI (Depositories and Participants) (Amendment) Regulations, 2013

May 17, 2013 376 Views 0 comment Print

In order to enable generation of a consolidated account statement for the use of a beneficial owner in respect of all demat assets held by him, the depository shall enter into necessary agreements for sharing of such information.

Employees’ PF/ ESI Contribution allowable as a deduction u/s 36(1)(va) if paid by due date prescribed therein

May 17, 2013 10655 Views 0 comment Print

The decisions by the apex court in the case of Vinay Cement Ltd. (supra) and Alom Extrusions Ltd. (supra) are admittedly with reference to section 43B and, further, qua the scope of the amendments thereto. The deductibility of the employee’s contribution is not regulated by section 43B.

PTI notified as news agency for Sec. 10(22B) for AY 2014-15 to 2015-16

May 17, 2013 788 Views 0 comment Print

Notification No. 35/2013 – Income Tax The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2014-15 to 2015-16.

Issue of equity shares under FDI scheme allowed under Government route

May 17, 2013 418 Views 0 comment Print

Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses

Transfer/sale of imported weapons (firearms) by shooters liberalized

May 17, 2013 1672 Views 0 comment Print

Prior Permission of DGFT shall also not be required for transfer of weapon/s (firearm/s) imported by a Renowned Shooter (as defined in Policy Condition 3 of Chapter 93 of ITC(HS) 2012) for the purpose of his/her pursuing shooting as a sport to any upcoming shooter as certified either by the National Rifle Association of India (NRAI) or the Department of Sports, Ministry of Youth Affairs & Sports after two years from the date of import.

Format of ANF 3F (for Incremental Export Incentivisation Scheme)

May 17, 2013 6929 Views 0 comment Print

This Aayat Niryat form (ANF 3F) as given in annexure to this Public Notice will be required to be filled up for claiming benefits of Incremental Export Incentivisation Scheme.

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