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Posts in 2013

CCI imposes penalty of Rs. 6.25 crores on 11 Shoe Companies

August 8, 2013 802 Views 0 comment Print

The Competition Commission of India (CCI) has imposed a penalty of Rs. 625.43 Lakhs on 11 Companies in a case filed by Director General-Supplies & Disposal (DGS&D), New Delhi relating to a tender for supply of polyester blended duck ankle boots rubber sole. CCI found these 11 Companies to have violated the provisions of Competition Act, 2002 which deals with anticompetitive agreements.

How to Make online Application of RTI

August 8, 2013 2474 Views 0 comment Print

Government of India has started a RTI online web portal whereby Right to Information (RTI) applications can be filed online by Indian citizens, including those who are living abroad. The detailed procedure in filing of on-line RTI applications is as under:- An Indian citizen can file RTI application online through RTI online web-portal, having url […]

Empanelment with Allahabad Bank of Concurrent/ Revenue Auditor

August 8, 2013 5201 Views 0 comment Print

The last date for receipt of Bio-data is 10th August, 2013 1. Allahabad Bank invites applications in the under noted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent/ Revenue Auditor in the Bank. 2. The panel of auditors maintained last year (excluding existing […]

Penalty applies if assessee knowingly made a false claim of deduction U/s. 80IB

August 8, 2013 5111 Views 0 comment Print

Briefly, the facts necessary for adjudication of the controversy involved, as narrated in the appeal, may be noticed. The respondent-assessee is a company engaged in manufacture of hosiery goods at Ludhiana.

Customs – Seeks to levy definitive antidumping duty on resin or other organic substances bonded fibre boards etc

August 8, 2013 408 Views 0 comment Print

Whereas, in the matter of resin or other organic substances bonded wood or ligneous fibre boards of thickness below 6mm, except insulation boards, laminated fibre boards and boards which are not bonded either by resin or other organic

DGFT notifies SION for Sodium Lauryl Ether Sulphate (Active Matter 69% min.)

August 8, 2013 481 Views 0 comment Print

A SION for the export product Sodium Lauryl Ether Sulphate (Active Matter 69% min.) in the Chemicals and Allied Products Group is being notified. This is a new entry.

Procedures relating to filing of application to obtain Status Recognition Certificate / Nominated Agency Certificate

August 8, 2013 385 Views 0 comment Print

Existing Status Recognition Certificates and Nominated Agency Certificates that have been issued already shall not be withdrawn, irrespective of whether it has been issued by concerned RA or DC. After the expiry of validity period of existing certificates, it can be renewed only as per the authority indicated in Para 2 above.

Clarification Service Tax Voluntary Compliance Encouragement Scheme

August 8, 2013 1164 Views 0 comment Print

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subsequently, references have been received by the Board seeking further clarifications as regards the scope and applicability of the Scheme.

It Is Returns Time in August 2013

August 8, 2013 2215 Views 0 comment Print

Generally August month of any year is considered to be a relaxed month when you relax after filing you income your income tax returns, enjoy the rainy weather and green fields and scenic beauty all around. With rains, the picnic and get togethers add fun to the celebration.

Tax-Free, Secured, Redeemable, Non-Convertible Bonds for F.Y. 2013-14

August 8, 2013 1643 Views 0 comment Print

Notification No. 61/2013 – Income Tax Eligibility. 1. The following shall be eligible to subscribe to the bonds:— (a) Retail Individual Investors (RIIs); (b) Qualified Institutional Buyers (QIBs); (c) Corporates.- (including statutory corporations), trusts, partnership firms, limited liability partnerships,

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