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Regarding Automatic maturity of Post Office Time Deposit account

April 8, 2014 1741 Views 0 comment Print

Notification No. GSR 222(E) , DATED 13-3-2014 In exercise of the powers conferral by Section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time Deposit Rules, 1981, namely:— 1. (1) These rules may be called the Post Office […]

Credit of Interest on Post Office Monthly Income Account at any CBS branch of PO

April 8, 2014 1099 Views 0 comment Print

Notification No. GSR 223(E), Dated 13-3-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Monthly Income Account Rules, 1987, namely:— 1. (1) These rules may be called the Post Office […]

Post Office Saving A/c- ATM Card, Online Payment, Account Statement instead of Passbook

April 8, 2014 7212 Views 0 comment Print

Notification No. GSR 219(E), Dated 13-3-2014 In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Bank General Rules, 1981, namely :— 1. (1) These rules may be called the Post […]

Penalty on Undisclosed Income unearthed during Search & Survey

April 8, 2014 35087 Views 7 comments Print

The legislature has intentionally drafted the provisions relating to Search and Survey in the statue book of Income Tax Act, 1961 with the target of unearthing the undisclosed income of any person in form of any money, bullion, jewellery or other valuable article or thing.

CBDT Instruction No. 4/2014, Dated: April 7, 2014

April 7, 2014 30888 Views 0 comment Print

INSTRUCTION NO 4/2014, Dated: April 7, 2014 CBDT has issued the Central Action Plan for the First Quarter of Financial Year 2014-15 wherein all assessing officers (‘AOs’) are required to verify and clean outstanding demand by 30th April, 2014 (reference: para 1.A – Correction of demand). The Instructions below provide the steps to be followed by AOs in this regard.

Manual filing and processing of Bills of Entry / Shipping Bills – stringent checks required to prevent misuse – regarding

April 7, 2014 889 Views 0 comment Print

As per the referred instruction, the Board had taken a serious note of the possibility of misuse of the facility of manual filing and processing of import/export documents, which was being allowed by the field formations. Accordingly, it had been instructed that this should not be allowed except in exceptional and genuine cases where the electronic filing and processing of import/export documents is not feasible.

Amends Notification No. 61/1994-Customs (N.T.), dated the 21st November, 1994

April 7, 2014 364 Views 0 comment Print

In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India

Notification No. 29/ 2014-Customs (N.T.), Dated: 07.04.2014

April 7, 2014 295 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry

Notification No. 28/2014-Customs (N.T.) Dated: 07.04.2014

April 7, 2014 331 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional

Notification No. 27/2014-Customs (N.T.) Dated: 07.04.2014

April 7, 2014 343 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Commissioner of Customs (Exports), Jawaharlal

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