"17 May 2013" Archive

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

Notification No. LAD-NRO/GN/2013-14/09/5738 (17/05/2013)

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....

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

ITO Vs. LKP Securities Ltd (ITAT Mumbai)

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....

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

Notification No. 35/2013 - Income Tax (17/05/2013)

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. ...

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Issue of equity shares under FDI scheme allowed under Government route

RBI/2012-13/502 A.P. (DIR Series) Circular No. 104 (17/05/2013)

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...

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

Public Notice No.14 (RE 2013)/2009-2014 (17/05/2013)

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 th...

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

Public Notice No. 13/2009-2014 (RE- 2013) (17/05/2013)

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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