"24 June 2013" Archive

Entry Tax in Uttarakhand-A Reality

In order to discuss Entry Tax in Uttarakhand, it will be imperative to go through The Uttarakhand Tax on Entry of Goods into Local Areas Act, 2008. Interpretation of statutes, The Constitution of India. ...

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Standardizing process of filing application U/s. 10(46) of Income Tax Act, 1961

Notification under section 10(46) 24/06/2013

Under section 10(46) of the Income-tax Act, specified income arising to a body or authority or Board or Trust or Commission, established or constituted by or under a Central or State Act or by a Central or State Government with the object of regulating or administering any activity for the benefit of general public, would be exempt from t...

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Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H

RBI/2012-13/542 RPCD.CO.RRB.BC.No. 78/03.05.33/2012-13 24/06/2013

As you are aware RRBs are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, RRBs are deducting tax at source, at times, causing inconvenience to customers resulting in a number ...

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External Commercial Borrowings (ECB) for low cost affordable housing projects

A.P. (DIR Series) Circular No. 113 24/06/2013

Interest rate spread to be charged by National Housing Bank (NHB) may be decided by NHB taking into account cost and other relevant factors. NHB shall ensure that interest rate spread for HFCs for on-lending to prospective owners’ of individual units under the low cost affordable housing scheme is reasonable....

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Customs – Regarding Introduction of Risk Management Systems (RMS) in Exports

Circular No. 23/2013-Customs 24/06/2013

Attention is invited to the Board Circular No.43/2005-Cus dated 24.11.2005 whereby Risk Management System (RMS) was introduced in Imports as a trade facilitation measure and for selective interdiction of high risk consignments for Customs control....

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Notification No. 66/2013-Customs,(N. T.), Dated: June 24, 2013

Notification No. 66/2013-Customs (N.T.) 24/06/2013

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do...

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