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Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification

November 28, 2014 1982 Views 0 comment Print

Can SEZ unit claim exemption from CVD when cleared to DTA based on an Exemption Notification issued under Section 5A of CEA’1944 although when there is specific bar under Section 5A for SEZ units?

Pursuing law & practicing law are two different things -SC

November 28, 2014 3451 Views 0 comment Print

Pursuing law and practicing law are two different things : Bar Council not bound to grant licence to practice law: SC. The case of the appellant in brief is that after completion of professional course i.e. Licentiate of the Court of Examiners in Homoeopathy medicines (LCEH), she took admission to LL.B. course conducted by University of Mumbai.

Commencement of SEBI (Research Analysts) Regulations, 2014

November 28, 2014 424 Views 0 comment Print

It may also be noted all the information pertaining to RA Regulations issued from time to time will be made available on the website at www.sebi.gov.in under the section “Info For” – Research Analysts. Currently guidelines on how to get registered as research analyst and instruction for filling in Form-A are made available under this section.

Change in Limit for Income Tax Advance Ruling

November 28, 2014 5834 Views 0 comment Print

Notification No. 73/2014-Income Tax In exercise of the powers conferred by sub-clause (iia) of clause (b) of section 245N of the Income-tax Act; 1961 (43 of 1961), the Central Government hereby specifies a resident, in relation to his tax liability arising out of one or more transactions valuing rupees one hundred crore or more in total which has been undertaken or proposed

Notification No. 57/2014 , Daetd : 27.11.2014

November 27, 2014 853 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee

RBI issues Guidelines for Licensing of Small Finance Banks in Private Sector

November 27, 2014 1085 Views 0 comment Print

Procedure for application: In terms of Rule 11 of the Banking Regulation (Companies) Rules, 1949, applications shall be submitted in the prescribed form (Form III) to the Chief General Manager, Department of Banking Regulation, Reserve Bank of India, 13th Floor, Central Office Building, Mumbai – 400 001. In addition, the applicants should furnish the business plan and other requisite information as indicated. Applications will be accepted till the close of business as on January 16, 2015. After experience gained in dealing with small finance banks, applications will be received on a continuous basis. However, these guidelines are subject to periodic review and revision.

Reg. Change in form ANF 2A related to Issue / Modification in Importer Exporter Code (IEC)

November 27, 2014 6182 Views 0 comment Print

The existing form ANF 2A, is being replaced by another format, online filing of which along with all requisite documents will be mandatory w.e.f 01.01.2015, and decision regarding grant or refusal of IEC will be conveyed within two working days by the concerned jurisdictional RA. Facility of filing online application for IEC will also be available on the e-biz portal of DIPP, after its integration with DGFT’s system.

Article Absence Schedule and Leave calculator

November 27, 2014 5142 Views 0 comment Print

The attached file will help to track leaves year wise. To help yourself you can copy this excel sheet and rename it year wise to maintain the leave record for the whole period of articleship. Start with that month sheet when you have joined articleship. Enter the year i.e 2013, 2014 etc in the January […]

RBI releases Guidelines for Licensing of Payments Banks

November 27, 2014 1016 Views 0 comment Print

The Reserve Bank of India The Reserve Bank of India (RBI) released on its website today, the Guidelines for Licensing of Payments Banks. Key features of the Payments Banks guidelines are: i) Objectives: The objectives of setting up of payments banks will be to further financial inclusion by providing (i) small savings accounts and (ii) […]

Delhi VAT – Disposal of objections relating to mismatch of Annexure 2A/2B for A.Y. 2012-13

November 27, 2014 6517 Views 0 comment Print

Special drive for disposal of objections relating to mismatch of Annexure 2A/2B cases for the Assessment Year 2012-13 No.F.7(480)/Policy/VAT/2014/518-527 Dated 24-11-2014

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