"24 December 2013" Archive

MVAT : Regarding Sec. 18(3B) addition of wine

Notification No. VAT 1513kR 152/Taxation-1 24/12/2014

The Wine covered by entry 3A of Schedule D of the Maharashtra Value Added Tax Act, 2002, is purchased from the registered dealers within State and tax is paid or has become payable on purchase of Wine at an earlier stage....

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Maharashtra Value Added Tax (Fourth Amendment) Rules, 2013

Notification No. VAT 1513/ CR 151/ Taxation 1. 24/12/2013

Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005, and to dispense with the condition of previous publication thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Ta...

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Amendment to Schedule ‘D’ of MVAT Act, 2002. Regarding wine

Notification No. VAT 1513/ CR 150/ Taxation 1 24/12/2013

3B. Wine when sold in bulk and where provisions of the Maharashtra. Potable Liquor (Fixation of Maximum Retail Prices) Rules, 1996 are not applicable. 20% ...

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MVAT Notification u/s. 41(5) regarding exemption to wine dealers

Notification No VAT 1513/CR 106/Taxation 1 24/12/2013

Schedule I provides for exemption in respect of sales of aforesaid goods where such goods are purchased on or after the 1st January 2014, whereas Schedule II provides for exemption in respect of sales of aforesaid goods which were purchased on or before the 31st December 2013....

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RBI cautions users of Virtual Currencies against Risks

The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to....

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Notification for CMA Students appearing in Foundation Examination December 2013

Candidates appearing in Foundation Examination for Dec’13 term are strictly advised to report at the respective examination centres at least one hour before the commencement of the examination i.e. at 9:00am for morning session and 1pm for afternoon session. Any candidate reporting later than the above time will not be allowed to appear...

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SEBI approves the proposal to make the IPO grading mechanism “voluntary”

Press Release No. 125/2013 24/12/2013

SEBI approved the proposal to make the IPO grading mechanism voluntary as against the current provision of the same being mandatory....

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CBI arrests DCIT, Delhi in alleged bribery case

The Central Bureau of Investigation has arrested a Deputy Commissioner of Income Tax (IRS-2006 Batch), New Delhi in an ongoing investigation relating to alleged bribery case. ...

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Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds

RBI/2013-14/416 A.P. (DIR Series) Circular No.81 24/12/2013

On a review, it has been decided to permit such resident entities / companies in India, authorised by the Government of India, to issue tax-free, secured, redeemable, non-convertible bonds in Rupees to persons resident outside India to use such borrowed funds for the following purposes:...

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SSI Exemption Vs. Co- Owners of Immovable Property

There are many cases coming for consideration regarding eligibility of SSI exemption to all co-owners of immovable property individually. The department is of the view that all co-owners fall under the definition of Person under Section 65B (37) and acting as association of persons ...

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