The draft Rules for following 9 chapters under the Companies Act 2013 is made live for public comments in 2nd phase. The last date of receiving comments on these rules is 19/10/2013: Chapter III – Prospectus and Allotment of Securities Chapter IV – Shares Capital and Debentures Chapter VII – Management and Administration
Notification No. 74/2013 – Income Tax Desiring to amend the Agreement between the Government of the Republic of India and the Government of Australia for the avoidance of double taxation, and the prevention of fiscal evasion
Punjab VAT Tribunal in Olam Agro India Limited vs State of Punjab (2013) 21 STM 128 has held that extension of time limit u/s 29 of Punjab VAT Act, 2005 from 3 years to 6 years, for making assessment of a person, by giving a public notice on the website of the department, is not […]
No.7(2)/E.Coord/2013 Ministry of Finance Department of Expenditure New Delhi, the 18th September, 2013 OFFICE MEMORANDUM Sub: Expenditure Management – Economy Measures and Rationalization of Expenditure. Ministry of Finance, Department of Expenditure has been issuing austerity instructions from time to time with a view to containing non-developmental expenditure and releasing additional resources for priority schemes. The […]
Please refer to Governor’s Statement on taking office on September 04, 2013 (extract enclosed – Annex 1) regarding the proposal to completely free bank branching for well managed domestic scheduled commercial banks in every part of the country subject to fulfilling certain inclusion criteria in underserved areas in proportion to their expansion in urban areas.
Re-orienting the efforts for widening of tax base by bringing in potential and high net-worth assessees into the tax net stressed. Need to phase out unwarranted tax exemptions/deductions emphasized. Emphasis laid to undertake a focused study to augment the number of new assessees.
Penalty imposed under section 86 by Assessing Authority (AA) in pursuance to provisions under section 33, for the omission or act, through a notice issued in form DVAT-24A, can be remitted by Objection Hearing Authority (OHA) if the objector prove existence of reasonable cause for the act or omission.
Issue of import authorisation by RAs of DGFT would commence from 20th September 2013 & end on 25th September 2013. In case any applicant/firm is found to have submitted false or erroneous information or have made any mis-declaration / misrepresentation, such applicant / firm, (a) shall forfeit the allocation made in this Trade Notice, (b) shall be debarred from allocation of Rough Marble and Travertine Blocks in future and (c) shall be liable for penal action under the provisions of Foreign Trade (D&R) Act, 1992, as amended.
Circular No.172/7/2013 – ST The following representations have been received seeking clarifications regarding the levy of service tax on certain services relating to the education sector: Private Schools Correspondents Confederation, Madurai. Tamil Nadu Nursery, Primary, matriculation and Higher Secondary Schools Association, Chennai. Punjab Association, Chennai.
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.95/2013-CUSTOMS (N.T.), dated the
