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Archive: 27 August 2013

Posts in 27 August 2013

RBI releases Discussion Paper on ‘Banking Structure in India – The Way Forward’

August 27, 2013 507 Views 0 comment Print

The Discussion paper has identified certain building blocks for the reorientation of the banking structure with a view to addressing various issues such as enhancing competition, financing higher growth, providing specialised services and furthering financial inclusion.

SEBI : General Guidelines for dealing with Conflicts of Interest of Intermediaries, Recognised Stock Exchanges, Recognised Clearing Corporations, Depositories and their Associated Persons in Securities Market.

August 27, 2013 505 Views 0 comment Print

The said guidelines shall be in addition to the provisions, if any, contained in respective regulations/ circulars issued by the Board from time to time regarding dealing with conflict of interest, in respect of such entities.

TDS mismatch and adjustment of erroneous arrears–Intimation under section 143(1) by CPC

August 27, 2013 2696 Views 0 comment Print

This Note deals with the intimations issued by the Centralized Processing Centre (CPC), under section 143(1) of the Income-Tax Act, 1961 (the Act), in respect of returns of income electronically filed. It has been observed that many of the intimations under section 143(1) of the Act, contain a number of errors which cause un-called for harassment and inconvenience to the assessees.

Background On The Companies Bill, 2012

August 27, 2013 3424 Views 0 comment Print

The 8th of August, 2013 would be remembered as a historic day in the history of Corporate India. For, on this very day the Rajya Sabha passed the much-awaited, the much-needed, a modern and contemporary company law. It would become the law of the land on receiving the assent of the Honourable President of India […]

FAQ – Service Tax return (ST3) for Oct, 2012 – Mar, 2013

August 27, 2013 7537 Views 0 comment Print

FAQ FOR ST3 RETURN FOR THE PERIOD OCT, 2012 – MAR, 2013 I. GENERAL  The ST-3 Return for the period, Oct, 2012- Mar, 2013 is a quarterly or half-yearly? It is a half yearly return. Is there any change in the Format of ST3 return for the return period Oct, 2012 -March, 2013 when compared […]

CBDT amends order on constitution of DRP at specified jurisdictions

August 27, 2013 713 Views 0 comment Print

In exercise of powers conferred by clause (a) of sub-section (15) of Section 144C of the Income-tax Act, 1961 (43 of 1961) r/w Income-tax (Dispute Resolution Panel) Rules. 2009, as amended by Notification No. 33/2012 (F.No. 133/13/2012-SO(TPL)/SO 1967 (E), dated 24-08-2012, and in partial modification to Order No.l/FT&TR/2013 dated 13.08.2013, the Central Board of Direct Taxes hereby constitutes the Dispute Resolution Panel at the areas of Jurisdiction given under column (2) of the Table below comprising of three Commissioners of Income-tax as Members of the Panel

SC criticises practice of AORs’ lending signature for petty amounts

August 27, 2013 1276 Views 0 comment Print

The Court was of the view that the facts contained in the application were not correct and the counsel appearing for the applicant was not able to clarify the same. The Court passed over the matter and asked the counsel appearing therein to call the AOR who would be able to explain the factual controversy.

Multipurpose Empanelment Form 2013-14 : Extension of last date

August 27, 2013 456 Views 0 comment Print

This is to inform that the last date for online submission of Multipurpose Empanelment form for the year 2013-14 (including form for empanelment of Bank Branch Auditors’ for the year 2013-14) hosted on the website www.meficai.org has been extended upto 2nd September, 2013 and that of receipt of duly signed declaration upto 12th September, 2013.

Online version of Service Tax return (ST-3) for October’12 to March’13

August 27, 2013 1563 Views 0 comment Print

 The online version of the Service Tax return (ST-3) for the period October’12 to March’13 is now available for e-filing in ACES. Assessees can also use the offline utility by downloading the latest version from http://acesdownload.nic.in/ or from ‘DOWNLOADS’ Section of ACES website. Assessees whose ST 3 returns for the period October’12 to March’13 for […]

ICSI Announces Results of Professional & Executive Programmes

August 27, 2013 610 Views 0 comment Print

The Institute of Company Secretaries of India Announces the Results of its Professional and Executive Programmes The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, has announced the results of its (i) Professional Programme and (ii) Executive Programme examinations held in June this year. The results […]

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