The Media interaction should broadly aim at achieving the following purpose: a. To disseminate information to the public at large about their entitlements and obligations in respect of Direct Tax Laws. b. To highlight the steps taken for facilitating compliance to the Direct Tax Laws.
Punjab Government has notified reduced rate of tax on Iron and steel goods as defined u/s 14 (iv) of Central Sales Tax Act, 1961 from 4.5% to 2.5% except on Non-CENVAT paid scrap.
Application for Internal Audit 2014-15 Sealed and separate applications are invited from Cost Accountants’ Firm, having minimum of 4(four) Partners who are in full time practice for conducting the Internal Audit of the Head Quarters of the Institute at Kolkata and Delhi for the FY 2014-15, mentioning following details of the Firm :
n partial modification of Circular No.31 dated 31/12/2013 of 2013-14 and in exercise of the powers conferred under rule 49A of the Delhi Value Added Tax Rules, 2005, I, Prashant Goyal, Commissioner, Value Added Tax, do hereby extend the last date for filing of third quarter return of 2013-14 to 07/02/2014.
SEBI vide circular dated November 6, 2009 introduced the concept of the ‘Authorized Person’ (AP) facilitating registered stock brokers of stock exchanges to provide access to clients through these Authorised Persons. The role of the AP is akin to the role of sub broker like assisting the investors in buying, selling or dealing in securities through stock-brokers. The AP is required to be approved only by stock exchange and does not require registration with SEBI.
These ITR utilities are developed using the latest JAVA technology and effort has been made to make it user friendly, simpler and faster preparation/submission of tax returns. It is recommended to stay connected to internet to experience the refreshingly new utility. Please check for new updates before starting to enter the data.
India and the Republic of Fiji Sign Double Taxation Avoidance Agreement (DTAA) for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income The Government of the Republic of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of Republic of Fiji for the avoidance of […]
Government Decides to Keep in Abeyance the Decision to Change the Procedure for Pan Allotment Till Further Orders The Central Board of Direct Taxes (CBDT) has decided to keep in abeyance the decision to change the procedure for PAN allotment till further orders. Accordingly, the operation of Circular No. 11 dated 16.01.2014 issued to PAN […]
As the members may be aware, the Government has set up a Tax Administration Reform Commission with a view to review the application of Tax Policies and Tax Laws in India in the context of global best practices. The Commission works as an advisory body to the Ministry of Finance and recommends measures for reforms […]
IBA may issue instructions at the earliest to banks to discontinue levy of pre-payment penalty on all floating rate loans and ensure that fixed rate loans are truly fixed and are not referenced to any floating rate benchmark. Banks may discontinue the practice of levying penalty for non-maintenance of minimum balance in ordinary savings bank accounts and instead consider converting such accounts to Basic Savings Bank Deposit accounts. IBA/RBI may issue the necessary operational instructions to banks in this regard.
