"January, 2015" Archive - Page 36

Guidelines for Licensing of Small Finance Banks in Private Sector- FAQs

Will a group having two NBFC licences, one of which is a non–operative holding company for the main non-banking financial business and the other being the main financial business itself, surrender both its licences or only the active non-banking financial business licence while converting into a bank?...

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Posted Under: Fema / RBI |

Govt establishes NITI Aayog to replace Planning Commission

In accordance with a key announcement made by Prime Minister Narendra Modi on Independence Day, the Union Government today established NITI Aayog (National Institution for Transforming India), as replacement for the Planning Commission....

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Posted Under: Fema / RBI |

CBEC increases Excise Duty on Petrol & Diesel by Rs. 2 Per Litre

Notification No. 1/2015-Central Excise (01/01/2015)

In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and next financial year, the Government has decided to increase basic excise duty on petrol and diesel (both branded and unbranded) by Rs. 2 per litre. Allocation of these resources to the ...

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Rate of exchange of conversion of each of foreign currency WEF .02.01.2015

Notification No. 01/2015-Customs (N.T.) (01/01/2015)

NOTIFICATION NO.01/2015-CUSTOMS (N.T.) DATED THE 1st January, 2015 S.O.     (E). – 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.116/2014-CUSTOMS (N.T.), dated the 18th ...

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Security for External Commercial Borrowings

RBI/2014-15/377 A.P. (DIR Series) Circular No. 55 (01/01/2015)

Under the extant ECB guidelines, the choice of security to be provided to the overseas lender / supplier for securing ECB is left to the borrower. With a view to liberalising, expanding the options of securities and consolidating various provisions related to creation of charge over securities for ECB at one place...

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Reminder for e-Filing of Income Tax Returns for AY 2014-15

Income Tax Department has started sending Reminder by email to those who have not filed their Income tax return for Assessment Year 2014-15. Reminder is based on data available with e-filing website of Income tax India. In the reminder, department has provided a form in which Assessee has to provide the reason for non filing of return. ...

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Posted Under: Fema / RBI |

Income Tax Due Dates for January 2015

7 January 2015 ​Due date for deposit of Tax deducted/collected for the month of December, 2014 7 January 2015 Due date for deposit of TDS for the period October 2014 to December 2014 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H....

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Posted Under: Fema / RBI |

CBDT prohibits disclosure of Information about taxpayers to media

F. No. Dir.(Hqrs.)/Ch.(DT)/29/2014 (01/01/2015)

Instances have come to the notice of the Board where information pertaining to individual taxpayers has been published in the print media with specific reference to departmental sources. In some cases, even details contained in departmental documents seem to have been shared with the representatives of media....

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Govt. reduces PF Administrative Charges

S.O. 323(E) and S.O. 324(E) (01/01/2014)

EPFO (Employees Provident Fund Organisation) has cut the administrative fee it charges under the ambit of its social security schemes, effective from January 1st 2015. The administrative charges have been reduced to 0.85% of basic wage from 1.10% as per a Labour Ministry Notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015....

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New Reporting Structure for Dispute Resolution Panel Delhi, Mumbai & Begaluru

Notification No. 1/2015-Income Tax (01/01/2015)

Central Board of Direct Taxes hereby directs that the lncome ax authorities specified in column (2) of the Table below shall, for the purposes of the functions under section 144C of the said Act, be subordinate to the Income-tax authority specified in column (1) of the said Table, namely:-...

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