"21 May 2014" Archive

Notification No. 24/2014-Customs (ADD) Dated: 21/05/2014

Notification No. 24/2014-Customs (ADD) (21/05/2014)

Notification No. 24/2014-Customs (ADD) Seeks to levy definitive anti-dumping duty on imports of Methylene Chloride, originating in or exported from the European Union, United States of America and Korea RP for a period of five years from the date of imposition of the provisional anti-dumping duty, that is, 21st October, 2013...

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BJP's Announcements on Tax Front in Election Manifesto 2014

We are producing below the BJP’s announcement on tax from as made by them in their Election Manifesto for 2014 Lok Sabha Elections :- Taxation UPA Government has unleashed ‘Tax terrorism’ and ‘uncertainty’, which not only creates anxiety amongst the business class and negatively impacts the investment climate...

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Posted Under: Custom Duty | ,

Section 54F – Mere letter of allotment cannot be considered as investment in residential house

Shri Rasiklal M. Parikh Vs ACIT (ITAT Mumbai)

Clause (4) of Sec. 54 clearly mention that the amount of net consideration which is not appropriated by the assessee towards the construction of the new asset before the date of furnishing the return of income u/s. 139, shall be deposited by him before furnishing such return (such deposit being made in any case not later than the due date...

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RBI allows advance up to a maximum tenor of 10 years for execution of long term supply contracts for export of goods

RBI/2013-14/597 A.P. (DIR Series) Circular No.132 (21/05/2014)

In view of requests received from exporters, it has been decided to permit AD Category- I banks to allow exporters having a minimum of three years’ satisfactory track record to receive long term export advance up to a maximum tenor of 10 years to be utilized for execution of long term supply contracts for export of goods subject to the ...

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RBI issues Guidelines for import of gold under 20:80 scheme

RBI/2013-14/600 A.P. (DIR Series) Circular No.133 (21/05/2014)

Star Trading Houses / Premier Trading Houses (STH/PTH) which are registered as nominated agencies by the Director General of Foreign Trade (DGFT) may now import gold under 20:80 scheme subject to the following conditions:...

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RBI – Need for Bank Branches / ATMs to be made accessible to persons with disabilities

RBI/2013-14/598 DBOD.No.Leg.BC.113/09.07.005/2013-14 (21/05/2014)

We have been receiving several suggestions from members of public through Government of India and otherwise, on facilitating easy access to bank branches and ATMs by persons with disabilities for undertaking day to day banking transactions. We have examined such suggestions. ...

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CAs cannot undertake assignment of audit & accounting work together for same entity

It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor....

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Posted Under: Custom Duty |

Small Steps to Greatness – for Organizational and Personal Leadership

Why this Article?: This article is aimed to bring some smallest changes in our lives which may lead to long lasting impact on the whole organization we own, we lead, we serve, or the organization where you are holding some managerial or leadership position. Not only for leaders and top management, but these small changes […]...

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Posted Under: Custom Duty |

Delegation of powers under section 458 of Companies Act 2013 to ROCs

Notification No. S.O.1353(E) (21/05/2014)

Central Government hereby delegates to the Registrar of Companies, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers and functions under the said sections, if in its opinion, such a c...

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Delegation of powers u-s 153 and 154 of Companies Act 2013 to RD Noida

Notification No. S.O.1354(E) (21/05/2014)

. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), and in supersession of the notification of the Government of India, Ministry of Corporate Affairs. published in the Gazette of India, Extraordinary,...

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