1. The entire process of initiation, levy and order of penal proceedings to be duly recorded so that proceedings do not suffer from procedural infirmities. 2. The Ministry may ensure that concealment of income is penalized as per the Act.
ITD did not apply penalty as per provisions of the Act effectively. ITD has also not given adequate priority to the prosecution in tackling tax evasion and prosecution mechanism is not working effectively and efficiently.
Preface The Report of the Comptroller and Auditor General of India for the year ended March 2012 containing the results of the Performance Audit of Employees’ Provident Fund Organisation (EPFO) has been prepared for submission to the President of India under Article 151 of the Constitution.
Interactive Voice Response (IVR) for knowing the status of your PAN/ TAN application is now available at TIN call centre (TCC) in Hindi/English language. You may call on 020- 27218080 to check the status of your application.
CS R. Sridharan, President, ICSI welcomes the Interim Budget 2014-15, as it possesses most of the ingredients to inject vibrancy into the economy. It demonstrates strong commitment for financial inclusion and governance. ICSI President in particular expresses satisfaction over government’s intention for early implementation of FSLRC recommendations.
F. No. HRD/CM/104/7/2013-14 /5006 Competent Authority has decided to extend the period of relaxation of Condition No 2(c) of the Board’s Circular dated 14.05.1990 w.e.f the date of issue of this letter till 31.12.2014 in the following category of cases:
1) Full exemption from customs duty on pulses valid till 31.03.2014 has been extended by another 6 months i.e. up to 30.09.2014 [Clause (a) of the proviso to the notification No.12/2012-Customs, dated 17.03.2012 as amended by notification No.5/2014-Customs, dated 17.02.2014 refers].
In the Delhi Compliance Achievement Scheme, 2013, in sub-clause (1) of clause 4, for the words and figures 18th day of February, 2014, the words and figures 28th day of February, 2014 shall be substituted.
In exercise of the powers conferred by clause (34) of section 2 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 in the Ministry of
Relief to The Manufacturing Sector; Cars and Scooters to be Cheaper Excise Duty on Mobile Handsets to be Restructured The Union Finance Minister, Shri P. Chidambaram has announced some changes in Indirect Tax Rates. Presenting the Interim Budget 2014-15 here in Parliament today, he said that keeping with the conventions, he does not propose to […]
