CBDT CIRCULAR NO.03/2014 Section 10 Change in the definition of keyman insurance policy, exemption to income of investor Protection Fund of depositors, pass through status to certain Alternative Investment Funds exemption of income received in India in Indian currency by a foreign company exemption to National Financial Holdings company Limited
CBI ARRESTS A PUNE BASED PRIVATE PERSON, AN ALLEGED OPERATOR OF HACKING WEBSITES, AND CONDUCTS SEARCHES AT PUNE, MUMBAI & GHAZIABAD The Central Bureau of Investigation arrested a Pune based private person, an alleged operator of hacking websites. CBI has registered two Regular Cases against Pune based private person & unknown others U/s 120-B […]
Under the compounded levy scheme, excise duty is chargeable with respect to deemed production based on the number of packing machines in the factory of the manufacturer. The issue raised is whether excise duty can be re-determined based on the speed of the packing machine and actual production thereof, which may be higher than the deemed production
Provided further that annual capacity of production for the period from the 24th day of January, 2014 to the 31st day of January, 2014 shall be calculated on pro-rata basis for the total number of days in the month of January, 2014 and the number of days remaining in the month starting from and including the 24th day of January, 2014
F.No: oPAN/1/3/2003/Part Change in procedure for PAN allotment wef 03.02.2014 – From 03.02.2014 onwards, every PAN applicant has to submit self-attested copies of Proof of Indentify (POI), Proof of Address (POA) and Date of Birth (DOB) documents and also produce original documents of such POI/POA/DOB documents for verification at the counter of PAN facilitation centers. List of documents of POI/POA/DOB is given in the Instructions part of Form 49A/49AA.
Provided further that the annual capacity of production for the period from the 24th day of January, 2014 to the 31st day of January, 2014 shall be calculated on pro-rata basis for the total number of days in the month of January, 2014 and the number of days remaining in the month starting from and includingthe 24th day of January, 2014
The RBI has already been withdrawing these bank notes from the market in a routine manner through banks. In Reserve Bank’s view, the volume of the banknotes printed prior to 2005 today, still in circulation, is not significant enough to impact the general public in a large way.
Provided that for the purposes of entry in column number (7), against Sl.No.12, the existing entry in column number (2) shall be read as Rs. 10.01 and above
The rate of duty per packing machine per month for a Pan masala pouch having retail sale price of Rs. 8.00 (i.e. P) shall be= Rs. 81.46 + 13.28 * (8-6) lakhs = Rs. 108.02 lakhs.
If banking facilities are not available at the place where land is purchased no disallowance u/s 40A(3) of the Income Tax Act,1961. Unsubstantiated material found in pen drive cannot be considered as a conclusive evidence to make additions
