The department has selected the cases for comprehensive assessment for the year 2011/12. The facility of CDA will not be available to these assesses. Assesses, in these cases, will be required to attend before the assessing authority for the complete verification of their books of accounts.
Every member of the Service shall maintain;- (i) High ethical standards, integrity and honesty ; (ii) Political neutrality (iii) Promoting of the principles of merit, fairness and impartiality in the discharge of duties;- (iv) Accountability and transferancy;
Para 2.40A: Export proceeds against exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives under the Foreign Trade Policy, 2009-14, at par with export proceeds realized in freely convertible currency.
included slum area development in Activities which may be included by companies in their Corporate Social Responsibility Policies by inserting clause (xi) in Schedule VII of Companies Act, 2013.
Notification No. 34/2014-Income Tax Whereas, the Agreement and the Protocol (hereinafter referred to as the said Agreement and the Protocol) was entered into between the Government of the Republic of India and the Government of Malta, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
This panel of auditors shall be available for reference for Special Audit u/s 142(2A) of the I.T. Act in the F.Y. 2014-15 and 2015-16 in Mumbai region. In the event of any of the above CAs/Auditors being found to have indulged in any professional misconduct during the tenure, their empanelment shall be cancelled forthwith.
The Ministry of Finance states that in RBI’s bi-monthly credit policy announced today, the Reserve Bank of India (RBI) has kept the policy rate unchanged, as expected by markets. RBI has, however, reduced the SLR by 50 basis points giving banks greater leeway to lend, the Ministry adds. The Ministry further observes that as the economy picks-up and demand grows, this will allow an increase in bank credit. Recent data on inflation shows that inflation is moderating. The Finance Ministry states that on its part, the Government remains committed to the path of fiscal consolidation and reviving the investment cycle that will help bring down inflation and pick-up growth further.
Therefore, all eligible dealers are required to furnish relevant information for the year 2013-14 latest by 30/09/2014. In the Form 9, dealer can also furnish the details of pendency of forms for preceding three years, viz. 2010-11, 2011-12, 2012-13, if no assessment has been framed for the relevant year.
The scheme provided additional facility to Works Contract dealers who could opt the scheme by paying 1% or 3% of the turnover like an existing Composition Scheme. The Assessment orders, issued, if any, become null and void in such cases. But, the order shall stand in the System till it is nullified.
The Central Excise Act, 1944 provides levy of excise duty by different methods. In a recent judgment of Hon’ble Chhattisgarh High Court in the case of Ultratech Cement Ltd. vs. CCE 2014 (35) STR 641 (Chhattisgarh) the Hon’ble Court held that place of removal is to be decided on facts and circumstances of each case.
