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No Proposal to modify Customs Rules Regarding Carrying/Wearing Gold for Passengers Flying from Abroad to India

February 21, 2014 1156 Views 0 comment Print

Modification of Customs Rule Regarding Carrying/Wearing Gold for Passengers Flying from Abroad to India February 21, 2014 There is no proposal under consideration of the Government to modify the existing rules with regard to carrying/wearing gold for passengers flying from abroad to India. In the Budget 2012-13, the Baggage Rules, 1998 regarding carrying/wearing gold for […]

Schedule for Withdrawal of Currency Notes in Circulation issued prior to 2005

February 21, 2014 451 Views 0 comment Print

Withdrawal of Currency Notes in Circulation The Reserve Bank of India (RBI) has announced the decision to withdraw from circulation all currency notes printed prior to 2005. It is a standard international practice to withdraw old series of banknotes from time to time. The reason for withdrawal of banknotes printed prior to 2005 is to […]

CBI registeres case of DA against ACIT

February 21, 2014 1249 Views 0 comment Print

The Central Bureau of Investigation has registered a case on the allegations for possession of disproportionate assets against CS Bharti, a 1994-batch Indian Revenue Service who was Posted as Additional Commissioner of Income Tax, Gandhinagar and his wife for abetting him in the said offence.

IT Dept. Releases updated utility of Form 15CA

February 21, 2014 22551 Views 1 comment Print

CA Sandeep Kanoi Tax deductor and collector holding valid TAN can register  and use the TAN based credentials to file Form 15CA but to fill form 15CA if no tax is been deducted it is still not mandatory for remitter to have TAN. Link To Register on Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/e-Filing/Registration/RegistrationHome.html

CCI Imposes Penalty on Dr. L.H.Hiranandani Hospital, Mumbai

February 21, 2014 2627 Views 0 comment Print

Competition Commission of India(CCI) has imposed a penalty of Rs.3.81 crore on Dr. L.H.Hiranandani Hospital, Mumbai for violation of Section 3 & 4 of the Competition Act. The informant Mr. Ramakant Kini had approached CCI alleging that the hospital had abused

Amendment to Schedule B of MVAT Act, 2002

February 20, 2014 1126 Views 0 comment Print

In the Maharashtra Value Added Tax Act, 2002, in Schedule B, (1) in entry 1, (i) in column (2), the words, figures and letters sold during the period starting on or after the 1st April, 2013 and ending on the 31st March, 2014 shall be deleted;

Amendment to Schedule A and C of MVAT Act, 2002

February 20, 2014 910 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby with effect from the 1st April 2014 amends the SCHEDULES A and C appended to the said Act, as follows, namely.

CLB bans audio or video recording of bench proceedings by parties

February 20, 2014 414 Views 0 comment Print

Restriction on Audio or Video Recording by the parties:— There shall be no audio or video recording of the Bench proceedings by the parties.

Amendment in Chapter 5 of Foreign Trade Policy 2009-14

February 20, 2014 922 Views 0 comment Print

erever the holder of any EPCG Authorization is granted relief under Corporate Debt Restructuring (CDR), then such Authorization holder may be allowed EO extension of 3 years (from the date of approval of the CDR mechanism/scheme). Such extension in EO will not attract any Composition fee and will be in addition to (and not in lieu of) the granting of EO extension, if any, available under Para 5.11 of HBP v1.

Rate of exchange of conversion of each of the foreign currency with effect from 21th February, 2014

February 20, 2014 493 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

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