Updated version of ITRs (ITR3, ITR4 and ITR6) are available in the portal. Assessee may download and use the same. Editors Note – We Hope this is the last release and free of all errors and bugs.
Regional Rural Banks and State / Central Cooperative Banks authorized to open / maintain NRE/NRO accounts, may open a Non Resident Ordinary (NRO) bank account of a foreign student on the basis of his/her passport (with appropriate visa & immigration endorsement) which contains the proof of identity and address in the home country along with a photograph and a letter offering admission from the educational institution.
I am directed to invite your attention to the amendments to sections 9A, 20 and 21 of the Central Excise Act, 1944 vide the Finance Act, 2013. A new sub-section (1A) has been inserted in section 9A to specify that the offences relating to excisable goods, where the duty involvement exceeds Rs. fifty lakh and which are punishable under clause (b) or clause (bbbb) of sub-section (1) of section 9, are cognizable and non-bailable. For ease of reference, clause (b) and clause (bbbb) of sub-section 9(1) as well as new sub-section 9A (1A)
The customs duty on articles of jewellery and on goldsmiths’ or silversmiths’ wares has, however, not been revised upwards in line with the changes in the duty rates on gold, silver and platinum. The duty on articles of jewellery and on goldsmiths’ or silversmiths’
The Institute of Company Secretaries of India Enters into a Tripartite Memorandum of Understanding with Assocham and the Govt. of West Bengal The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into […]
the existing paragraph 2A shall be renumbered as paragraph 2AB thereof and before paragraph 2AB as so renumbered, the following paragraph shall be inserted, namely:-
NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act shall be amended in the following manner, namely:-
The MCA has now made available/live, for public comments, the draft forms for the following Chapters out of the First Set of 16 Draft Rules released by it on 9 September 2013:-
Date for Filing of Applications by Electoral Trusts Extended upto 30th November, 2013 The Central Board of Direct Taxes (CBDT) has permitted Electoral Trusts to file their applications upto 30th November, 2013 in respect of Assessment Year 2014-15 for approval under clause (22AAA) of Section 2 of the Income-tax Act, 1961 (read with Para 5(a) […]
CBEC vide Circular No. 171/6/2013-ST dated 17.09.2013 has provided the guidelines for arrest and bail in relation to section 90 and 91 of the Finance Act, 1994 as amended by Finance Act, 2013. The Circular lays down that since arrest impinges on the personal liberty of an individual, this power must my exercised carefully. The […]
