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Archive: 24 November 2017

Posts in 24 November 2017

Additional allocation-MEIS rate for ready made garments and made ups increased to 4%

November 24, 2017 1914 Views 0 comment Print

I am directed to refer to OM No. 01/61/180/68/AM15/PC-3 dated 23.11.2017 seeking additional allocation of Rs. 1143 15 Cr for FY 2017-18 and Rs 685.89 Cr for FY 2018-19 for increasing MEIS rate for ready made garments and textile made ups sector from 2% to 4%

Scrutiny assessments of revised/belated returns post-demonetisation

November 24, 2017 28632 Views 8 comments Print

In case of a belated return, it would be crucial to examine the trend and business practices of a particular assessee while ascertaining the legitimacy of the transactions disclosed in a belated return, filed post-demonetisation.

Enhancement of MEIS to boost textiles and apparel sector

November 24, 2017 2979 Views 0 comment Print

Enhancement of Merchandise Exports from India Scheme (MEIS) for two sub sectors of Textiles Industry; Post-GST rates Notified to boost exports and employment generation in the labour intensive textiles and apparel sector

Procedure for transfer of unclaimed suspense shares to demat A/c of IEPF

November 24, 2017 11136 Views 0 comment Print

In respect of shares held in the unclaimed suspense account opened by the company as directed by SEBI, the procedure to be followed for transfer of such shares to demat account of the IEPF Authority held in NSDL system is given below:

CBDT Invites Suggestions on Review of Citizen’s Charter 2014

November 24, 2017 1722 Views 0 comment Print

We wish to inform you that the CBDT is in process of reviewing/revisiting the Citizen’s Charter 2014 which is due for review in 2017. The Citizen’s Charter 2014 containing a set of promises regarding delivery of services within the specified timelines was made operational as a part of Department’s commitment to the adoption of the philosophy of SEVOTTAM

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