"14 August 2014" Archive

Amends Notification No. 36/2001-Customs (N.T.), Dated: 03.08.2001

Notification No. 71/2014-Customs (N.T.) 14/08/2014

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the ...

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Notification No. 39/2014-Customs (ADD) Dated: 14.08.2014

Notification No. 39/2014-Customs (ADD) 14/08/2014

the designated authority, vide notification No. 15/12/2012- DGAD dated 22nd November, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in the matter of continuation of anti-dumping duty on ...

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Real Estate Investment Trusts: Are they heading towards reality?

Saurav Malpani Overview of REITs in Indian Context The development of REITs instrument and its far reaching positive effects have made this instrument popular worldwide for both the investor and for the industry as well. These are considered as the best instruments for the real estate sector in terms of its transparency, liquidity and smo...

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Posted Under: Custom Duty |

Draft Circular pertaining to disposal of seized/confiscated cylinder filled with refrigerant gases

F. No. 711/20/2013-Cus (AS) 14/08/2014

Your attention is invited to Circular no. 20/2009 -Cus dated 19.06.2009 on disposal of refrigerant gases. Looking into the difficulties faced by the field formations in disposal of refrigerant gases, a fresh circular on the issue is proposed to be issued to address the issue. Copy of the draft circular is enclosed below....

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Login to Income Tax E-filing Account from your Bank Account

Income Tax Department is happy to announce the facility of Direct Login from Corporation Bank, Union Bank of India and Oriental Bank of Commerce – Net banking account to the taxpayer’s E-filing Account. Other banks are expected to follow....

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Posted Under: Custom Duty |

CPC (TDS) reminds to raise Flag "B" in TDS Quarterly Statements against 15G/H Forms

As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made on the interest payments made to them. However , it has been observed in your case that you have not raised Flag ‘B'(No deduction on account of 15G/H) even against a single transaction […]...

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Posted Under: Custom Duty | ,

TDS credit cannot be denied for non matching with 26AS if Assessee produces TDS Certificate

Sumit Devendra Rajani Vs ACIT (Gujarat High Court)

The grievance which is voiced in the present petition by the assessee is that though deductor ­employer ­ Amar Remedies Limited had deducted TDS for total Rs.5,86,606/­ and for which Form 16 A has been issued by it, department has not given credit of the said TDS to the petitioner­ assessee...

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Does DTAA Overrides Service Tax in India?

 Import of Service The Import of Service means that the Service which is being provided by a Service Provider who is located in Non-Taxable territory and the service recipient is located in taxable territory. In such circumstances, the Service Receiver is liable to pay service tax as per Sr. No. 10 of Notification 30/2012-ST dated [&hell...

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Posted Under: Custom Duty |

Incorporation of Company Limited By Shares- Companies Act, 2013

CS Divesh Goyal Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. In the old house, where you have stayed for years, everything would have found its own place – the shoes, the clothes, umbrella, first aid, brooms, and whatever else you need in your household. […]...

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Posted Under: Custom Duty |

New procedure for DIN application & reasons for rejection

Every individual, who is to be appointed as director of a company shall make an application electronically in Form No. DIR-3, to the Central Government for the allotment of a Director Identification Number (DIN) along with such fees as provided in the Companies (Registration Offices and Fees) Rules, 2014. ...

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