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Archive: 20 September 2013

Posts in 20 September 2013

FAQ on Delhi VAT Amnesty Scheme

September 20, 2013 10736 Views 0 comment Print

Delhi Tax Compliance Achievement Scheme, 2013 (DCS) – FAQs – The Scheme is notified to Tax dispute related to Delhi Value added tax pending in various court and to provide an opportunity to defaulting dealers to achieve self compliance.

Regarding Compulsory manual scrutiny criteria for F.Y. 2013-14

September 20, 2013 5076 Views 0 comment Print

(j) Cases where registration u/s 12 AA of the IT Act has not been granted or has been cancelled by the CIT/DIT and the assessee has been found claiming tax-exemption under section 11 of the IT Act. However, the cases where such order of CIT/DIT has been reversed/set-aside in appellate proceedings will not pe picked up for scrutiny under this clause.

Invest Wisely in These Times

September 20, 2013 1238 Views 0 comment Print

 Dr. Sanjiv Agarwal The stock markets are highly volatile. The economic growth is stand still. No major economic reforms are taking place. The top-line and bottom-line of India Inc is vulnerable. Interest rates are not encouraging if looked at considering inflation. Bullion is volatile, unaffordable and risky too. New curbs are in place. Real estate […]

Revision of Processing Fee under Punjab Value Added Tax Act, 2005

September 20, 2013 2297 Views 0 comment Print

Punjab Excise & Taxation Department has revised the amount of processing fee leviable under rule 40-A of the Punjab VAT Rules, 2005. The detail of the same is as under :- “Rule 40-A. Annual processing fee.- Every taxable person, shall pay annual processing fee, as specified in the Table given below, in the month of […]

Issue Tax refund for AY 2011-12 without further delay – CBDT

September 20, 2013 5152 Views 0 comment Print

It is seen from the data available on AST that refunds for AY 2011-12 are pending. These need to be issued at the earliest. The same had been conveyed during the last Video Conference on 23.08.2013, but the progress so far has been tardy.

Mid-Quarter Monetary Policy Review: September 2013 – Increase in Repo Rate by 25 basis Point

September 20, 2013 399 Views 0 comment Print

Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the marginal standing facility (MSF) rate by 75 basis points from 10.25 per cent to 9.5 per cent with immediate effect; reduce the minimum daily maintenance of the cash reserve ratio (CRR) […]

Carrying of INR 10,000 by Non-residents and Residents : RBI Clarifies

September 20, 2013 829 Views 0 comment Print

In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk.  This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank.  The Reserve Bank […]

Entertainment tax on DTH Services

September 20, 2013 3989 Views 0 comment Print

Direct-to-Home (DTH) is a technology wherein various TV channels are directly delivered at the subscribers’ premises through satellite in a digital form, thus providing crystal clear picture quality along with various other benefits such as Movie-on-Demand,

Companies Act, 2013 – Companies (Removal of Difficulties) Order, 2013

September 20, 2013 3581 Views 0 comment Print

Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section I thereof came into force on the same date; And whereas the provisions contained in section 24, section 58 and section 59 of the said Act have come into force on the 12th day of September, 2013;

Promulgation of the Securities Laws (Amendment) Second Ordinance 2013

September 20, 2013 355 Views 0 comment Print

The President was pleased to promulgate the Securities Laws (Amendment) Second Ordinance, 2013 (No. of 2013) under clause (1) of the Article 123 of the Constitution on September 16, 2013. This was consequent to the approval of the Cabinet, which met on September 12, 2013, to keep in force the amendments to the Securities and […]

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