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NSDL & CDSL to maintain Centralized Database for Corporate Bonds/Debentures

October 22, 2013 874 Views 0 comment Print

The depositories shall obtain requisite information regarding the bonds/debentures from Issuers, Stock Exchanges, Credit Rating Agencies and Debenture Trustees. The Database can be accessed by the public or any other users without paying any kind fees or charges.

Rebate of Rs. 2000 for Individuals Having Total Income Upto Rs 5 Lakh

October 22, 2013 6908 Views 0 comment Print

Finance Act 2013 has provided relief in the form of rebate to individual taxpayers, resident in India, who are in lower income bracket, i. e. having total income not exceeding Rs 5,00,000/-.

CBDT not agreed to Tax Audit Due Date Extension

October 22, 2013 3887 Views 0 comment Print

1) Committee met with CBDT and sought one month extension from CBDT. 2) CBDT did not agree with the proposal in the meeting and said that they will communicate the final decision. 3) Next hearing at Delhi High Court is on 24th.

Notification No. 24/2013-Customs (ADD) Dated: 21/10/2013

October 21, 2013 853 Views 0 comment Print

WHEREAS in the matter of Methylene Chloride (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from

Effect of FDI on Various Sector

October 21, 2013 5411 Views 4 comments Print

Foreign direct investment plays very imperative role in the economic development of the country. It helps in transferring of financial resources, technology and innovative, improved management techniques along with raising productivity and to attain a financial stability and economic growth with the help of investments in different sectors.

Analysis of Audited & Un-Audited Bank Branches during 2012-13

October 21, 2013 4611 Views 0 comment Print

The author have analysed the data of Branches under statutory audit of 25 Nationalised banks for Financial Year 2012-13 and it is observed that branches audited of these nationalised banks were ranged between 28.90% to 67.10%.

Notification Appointing Assistant CITs As Deputy CITs – Notification No. 7 of 2013

October 21, 2013 733 Views 0 comment Print

The CBDT has issued Notification No. 7 of 2013 dated 21.10.2013 appointing several Assistant Commissioners of Income-tax (Junior Scale) as Deputy Commissioners of Income-tax (Senior Scale) in the pay scale of Rs. 15,600 – 39,000

CORPORATE SOCIAL RESPONSIBILITY Under Companies Act, 2013

October 21, 2013 8993 Views 0 comment Print

Corporate social responsibility (CSR) also called corporate conscience, corporate citizenship, social performance, or sustainable business is a form of corporate self-regulation integrated into a business model.

Reg. CVD on Steam Coal imported from Indonesia

October 21, 2013 6599 Views 1 comment Print

Under notification No. 12/2012-Customs, dated 17-03-2012 (S. No. 123 of the Table), Steam Coal falling under sub-heading 27011920 attracts basic customs duty (BCD) at 2% and countervailing duty (CVD) at 2%.

Setting Up Of Tax Administration Reform Commission (TARC)

October 21, 2013 975 Views 0 comment Print

Pursuant to the announcement made by the Hon’ble Finance Minister in his Budget Speech 2013-14, the government set-up Tax Administration Reform Commission (TARC) with a view to reviewing the application of Tax Policies and Tax Laws in India

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