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Archive: 2013

Posts in 2013

Compliance Certificate by Practicing Company Secretary for listing of SMEs

February 20, 2013 3263 Views 0 comment Print

PRESS RELEASE CHIEF OF BUSINESS BUREAU February 20, 2013 Compliance Certificate by Practicing Company Secretary (PCS) for listing of Small & Medium Enterprises (SMEs). In recognition of the role of SMEs in economic development of the country, Securities and Exchange Board of India (SEBI) and the Stock Exchanges have laid down a conducive regulatory framework […]

Notification No. 13/2013 – Income Tax Dated 20/2/2013

February 20, 2013 568 Views 0 comment Print

Notification No. 13/2013 – Income Tax SECTION 35(1)(ii) OF THE INCOME-TAX ACT, 1961 – SCIENTIFIC RESEARCH EXPENDITURE – APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS – FOUNDATION FOR REVITALIZATION OF LOCAL HEALTH TRADITIONS, BANGALORE NOTIFICATION NO. 13/2013

Notification No.12/2013 – Income Tax Dated 20/02/2013

February 20, 2013 598 Views 0 comment Print

Notification No.12/2013 – Income Tax SECTION 35(1)(ii) OF THE INCOME-TAX ACT, 1961 – SCIENTIFIC RESEARCH EXPENDITURE – APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS – INTERNATIONAL INSTITUTE OF INFORMATION TECHNOLOGY BANGALORE, BANGALORE NOTIFICATION NO. 12/2013

List of Eligible Shares / Mutual Funds / ETFs under RGESS

February 20, 2013 21591 Views 3 comments Print

List of Eligible Shares / Mutual Funds (MFs) & Exchange Traded Funds (ETFs) under Rajiv Gandhi Equity Saving Scheme (RGESS) The investment options under the scheme will be limited to the following categories of equities?*: Listed equity shares a. The top 100 stocks at NSE and BSE i.e., CNX-100 / BSE -100 (This does not mean […]

Amends Notification No. 05/2013-Customs and Notification No. 06/2013-Customs, both dated 18-02-2013

February 19, 2013 823 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do

TDS return under digital signature optional, new forms & rule to claim refund

February 19, 2013 18801 Views 0 comment Print

Notification No. 11/2013 – Income Tax (1) These rules may be called the Income-tax (2nd Amendment) Rules, 2013. (2) They shall come into force on the date of their publication in the Official Gazette.

S. 263 CIT can revise Assessment Order to make Disallowance U/s. 14A if AO fails to do so

February 19, 2013 1575 Views 0 comment Print

Assessment Officer in its order dated 28th January, 2005 did not make provision for disallowance of expenditure in terms of Section 14A of the I.T. Act. The assessee has paid interest of Rs.4,49,02,775/- out of which only a sum of Rs.1,33,51,132/- was shown to be relatable to the non-taxable income. The assessee did not maintain any separate accounts for the purpose of the exempt income. The assessee did not give one to one co-relation between the funds available and the funds deployed.

Revised Audit Report Formats for bank/ bank branch audit

February 18, 2013 17363 Views 0 comment Print

Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports

Customs -Post Export EPCG Duty Credit Scrip Scheme notified

February 18, 2013 2594 Views 0 comment Print

Handbook of Procedures Volume 1 means the Handbook of Procedures Volume 1, 2009-14, published in the Gazette of India, Extraordinary, Part I, Section 1 vide public notice of the Government of India in the Ministry of Commerce and Industry, Department of Commerce, No.01 (RE – 2012)/2009-2014, dated the 5 th June, 2012, as amended from time to time

Post Export EPCG Duty Credit Scrip Scheme notified

February 18, 2013 610 Views 0 comment Print

that where the first proviso to condition (7) is applied, the Cenvat Credit in respect of additional duty of customs shall not been taken and at the time of registration of the said scrip a certificate, from the jurisdictional Deputy

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