A new format for issue of IEC numbers in electronic form i.e. e-IEC, based on online applications, is being introduced as Appendix 18B-1. Further, it is notified that decision regarding grant or refusal of IEC will be conveyed to the applicant through sms and system generated letter, on the registered email address of the applicant.
Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an Order on February 09, 2015 providing the exit to Bhubaneswar Stock Exchange Limited (BhSE). BhSE is the tenth Stock Exchange to exit under this policy.
The Central Bureau of Investigation has arrested an Inspector of Income Tax, Range-3, Lucknow for demanding & accepting a bribe of Rs.50,000/- from the complainant. A case was registered against an Inspector, Income Tax, Range-3, Lucknow alleging demand of illegal gratification of Rs.5,00,000/- on behalf of an Income Tax Officer from the complainant for settling […]
Call to contribute towards Swachh Bharat Abhiyan- 09.02.2015 Swachh Bharat Abhiyaan launched by Hon’ble Prime Minster of India Shri Narendra Modi on 2nd October, 2014 not only aims at correcting the country’s reputation for poor public hygiene and rudimentary sanitation but also promises a positive economic impact. It is a more of a privilege that […]
An awards presentation ceremony to honour the awardees of ‘ICAI Awards for Excellence in Financial Reporting’ was held on February 8, 2015 at Chennai. CA. K. Rahman Khan, M.P., Rajya Sabha, Former Union Minister of Minority Affairs & former Deputy Chairman Rajya Sabha, was the Chief Guest at the occasion. A list of awardees for […]
CA Sandeep Kanoi Union Finance Minister Arun Jaitley is expected to present his first full term budget on 28th February 2015. Taxpayers once again start expecting Budget will provide them long overdue tax reliefs. Individual and Salaried Tax payer expects that what Mr. Jaitley not done in last budget will do in this budget and […]
Attention is invited to Notification no 38/2001 – C.E (N.T) dt 26-6-2001 as amended from time to time whereby the officers of various ranks of Directorate General of Central Excise Intelligence have been appointed by the Board as the officers of Central Excise of the corresponding ranks for exercise of all powers under the Central Excise Act, 1944 and rules made thereunder, throughout the territory of India.
The Central Board of Excise and Customs vide Notification No. 02/2015-ST dated February 10, 2015, has notified that the Principal Director General of Central Excise Intelligence shall have jurisdiction over the Principal Commissioners of Service Tax or the Principal Commissioners of Central Excise or the Commissioners of Service Tax or the Commissioners of Central Excise
CIRCULAR NO. 2/2015 The Board has decided that no interest under section 234A of the Act is chargeable on the amount of self-assessment tax paid by the assessee before the due date of filing of return of income.
The legal structures adopted by MNEs for tax planning purposes in the traditional businesses are often applied even in the digital businesses. These structures can essentially be broken down into four elements as elaborated in the February 2013 OECD Report on ‘Addressing Base Erosion and Profit Shifting’:
