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Rate of exchange of conversion of each of foreign currency wef August 02, 2013

August 1, 2013 1210 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

ATM transactions – RBI taken steps for Enhancement of customer service

August 1, 2013 1442 Views 0 comment Print

The Reserve Bank of India has, over a period of time, issued a number of instructions to banks regarding enhancement of customer service as well as handling of customer complaints at ATMs. Despite this, certain operational issues continue to persist giving rise to customer complaints / suggestions on the matter.

Delhi VAT – Constitution of Delhi Trade Board for National Capital Territory Of Delhi

August 1, 2013 1450 Views 0 comment Print

In continuation of the earlier order No. F.7/T&T/PB/SCTT­(PR/Coordn.)/ dated 24th July, 2013 issued in the said connection, the Government of NCT of Delhi has been pleased to add the names of following Trade Bodies / Associations to make the Delhi Trade Board more representative:

I-T Returns Filing Date Extended to 5th August, 2013

July 31, 2013 522 Views 0 comment Print

F.No. 225/117/2013/IT/Ulf Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 31St of July, 2013 Order under Section 119 of the Income-tax Act. 1961 The Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby […]

Rate of Interest Subvention for exporters Increased from 2% to 3%

July 31, 2013 963 Views 0 comment Print

Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are beneficiaries of this scheme. In addition, the exporters […]

S. 2(47) Irrevocable POA of a property in favour of land developers deemed as ‘transfer’

July 31, 2013 2747 Views 0 comment Print

A copy of the irrevocable GPA executed in terms of paragraph 15 of the agreement has been furnished by the applicant. It authorizes the developer : (i) to enter upon and survey the land, prepare the layout plan, apply for renewal/extension of licence, submit the building plans for sanction of the appropriate authority and to carry out the work of development of a multi-storied residential complex,

Income Tax Return Due Date Extended to till August 5, 2013

July 31, 2013 11228 Views 0 comment Print

As a Measure of Taxpayers Convenience, Last Date of Filing of Returns Extended to 5th August, 2013 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 which is 46.8 % higher than the returns e-filed during the corresponding period […]

Download Service Tax return (ST-3) for Oct,12 to March,13

July 31, 2013 52011 Views 4 comments Print

Service Tax return (ST-3) for the period October’12 to March’13 is now available for e-filing. Please download the offline utility from http://acesdownload.nic.in/ or from ‘DOWNLOADS’ Section of ACES website. The online version of the return will be made available shortly and the exact date will be intimated on ACES website.

Audit Report No. 15/2011-2012, Section 2, Duty Drawback Scheme

July 31, 2013 4047 Views 0 comment Print

2. Upon receipt of further reports from field formations certain issues have been considered further:- (a) Audit had observed processing of time barred drawback claims under Section 74 of the Customs Act, 1962. It is directed to ensure due diligence is exercised in the application of provisions of Rule 5 of Re-Export of Imported goods (Drawback of Customs duties) Rules, 1995 in dealing with such cases.

Should CBDT extend the Due Date of Return Filing?

July 31, 2013 16090 Views 0 comment Print

Today is the last date for Return Filing for the Assessee Including Individual, HUF, partnership Firm Etc whose Accounts are not required to be audited under the Income Tax Act or any other law and also for a working partner of a firm whose accounts are not required to be audited under the Income Tax […]

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