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Special Clearing on September 14 and 15, 2013 to facilitate accounting of Income Tax

September 13, 2013 1478 Views 0 comment Print

These special clearings are exclusively for Government receipts and is in addition to the normal clearing operations conducted on September 14, 2013 (Saturday).

Monetary limit for audit under Punjab VAT Act, 2005 raised to one Crore from Fifty lac

September 13, 2013 2605 Views 0 comment Print

1 (1) These rules may be called the Punjab Value Added Tax ( Amendment) Rules, 2013. (2) They shall come into force on and with effect from the date of their publication in the Official Gazette. 2 In the Punjab Value Added Tax Rules, 2005 in rule 41, for the words fifty lacs,the words one crore shall be substituted.

Banks to Accept Advance tax Payment on 14th & 15th Sep, 2013 (Saturday Sunday)

September 13, 2013 3319 Views 0 comment Print

Payment of Quarterly Advance Tax on or before 15th September, 2013 All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday Sunday) All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax […]

Notification No. 43/2013-Customs – Dated 13th September, 2013

September 13, 2013 988 Views 0 comment Print

the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012, and was last amended vide notification No.41/2013- Customs, dated the 13th August, 2013, published vide number G. S. R.543 (E), dated the 13th August, 2013.

S. 54F Deduction not allowable if assessee owns more than ne residential house on the date of transfer

September 13, 2013 18924 Views 0 comment Print

Exemption u/s. 54F has been granted to the assessee with a view to encourage construction of one residential house. The construction/purchase of a house other than one residential house is not covered by section 54F of the Act.

Due date extended to file ITR-V for AY 2012-13 & 2011-12 [filed during F.Y. 2012-13]

September 13, 2013 7726 Views 0 comment Print

There are many taxpayers who have uploaded their Income Tax Returns electronically (without digital signature Certificate) for A.Y. 2011-12 [filed during F.Y. 2012-13] and for ITRs of A.Y. 2012-13 [filed on or after 1.4.2012], but have either not filed the corresponding ITR-V or have filed it with the local Income-tax office. ITR-V

Penalties & Punishment for contravention of provisions of Real Estate (Regulation and Development) Bill, 2013

September 12, 2013 1341 Views 0 comment Print

The Real Estate (Regulation and Development) Bill, 2013 specifies the penalties to be paid, for contravention of the provisions of the Act and the penalties to be paid for non-compliance of the directions of Regulatory Authority or the Appellate Tribunal, by the promoter or the real estate agent or the allottee as the case may be.

IRCTC Launches New APP for Windows Phone and Windows 8 Devices

September 12, 2013 931 Views 0 comment Print

IRCTC Launches New APP for Windows Phone and Windows 8 Devices to Provide Alternative Channel for Booking E-Ticket In its continuing efforts to enhance access to its popular e-ticket portal, Indian Railway Catering & Tourism Corporation Ltd. (IRCTC), a Public Sector undertaking of the Ministry of Railways, has launched a new application (App) for Windows […]

Risk Management Framework for Dedicated Debt Segment on Stock Exchanges

September 12, 2013 2074 Views 0 comment Print

With an objective to develop debt markets and encourage transition of trading in debt instruments from OTC markets to stock exchanges, SEBI issued Guidelines for providing dedicated Debt Segment on Stock Exchanges vide circular no CIR/MRD/DP/03/2013 dated January 24, 2013.

Notification No. 27/2013-Central Excise Dated- 12.09.2013

September 12, 2013 1763 Views 0 comment Print

G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India

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