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Amendment in Para 2.17 A of Foreign Trade Policy, 2009-2014

July 24, 2013 1108 Views 0 comment Print

In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby notifies the following amendment in the Foreign Trade Policy, 2009-2014.

Corporate mobile numbers can be ported to another service provider – TRAI

July 24, 2013 1464 Views 0 comment Print

After implementation of Mobile Number Portability, the Authority had received complaints from the subscribers of corporate mobile numbers that their porting requests have been rejected by the donor operators under the category Contractual Obligation for want of permission/authorization from the company/ corporate for porting such numbers.

Extension of exemption granted by one more examination for students who switched over to IPC Course under Direct Entry Scheme before 30.09.2012

July 24, 2013 2211 Views 0 comment Print

Extension of the validity of exemption granted in a paper(s) (on the basis of securing a minimum of 60 per cent marks) by one more examination in respect of students who opted to switch over to the Intermediate (Integrated Professional Competence) Course, under the Direct Entry Scheme before 30th September 2012.

Delhi VAT – Dropping from audit proceedings in r/o dealers dealing exclusively in exempted/tax free items

July 24, 2013 1718 Views 0 comment Print

The VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards have been assigned the audit of the business affairs of dealers u/s 58 of DVAT Act, 2004 based on the risk profile of the dealers. Amongst such selected cases, some cases pertain to the dealers who are engaged exclusively in exempted/tax free items.

Applicable excise duty on Sedan cars like Maruti SX4, Honda Civic, Toyota Corolla Altis

July 24, 2013 1210 Views 0 comment Print

I am directed to invite your attention to the above mentioned subject and to say that references have been received from motor vehicle manufacturers, seeking clarification as to whether the excise duty of 30% is applicable on sedan cars like Maruti SX4, Honda Civic and Toyota Corolla Altis.

Salaried with total income upto Rs. 5 lakh also to File IT return for A.Y. 2013-14

July 24, 2013 6858 Views 0 comment Print

CBDt has vide its press release dated 22.07.2013 clarified that exemption from filing return of income for salaried employees having total income upto Rs. 5 lakhs including income from other sources upto Rs. 10,000/- was only for assessment year 2011-12 and 2012-13 respectively.  The exemption was given considering ‘paper filing of returns’ and their ‘processing […]

No change in Passing criteria at all level of CA examination

July 24, 2013 5053 Views 0 comment Print

It is clarified for wider information of the students and other stakeholders as also the public at large that there is no change in the passing requirements nor is the Institute contemplating to effect any changes in the passing requirements.

Provident Fund Act – a clarification on Occupier needed

July 24, 2013 4202 Views 0 comment Print

The present provident fund act needs an urgent clarification definitive meaning of the concept of “occupier”. In practice, it is misunderstood and is a subject of litigation in a number of cases across India. [A] The Clause 2(k) of the PF Act 1952, defines an Occupier means the person, who has ultimate control over the […]

Appoints ICD under Sec 7 (aa) of Customs Act, 1962 – Notification No. 79 /2013 – Customs (N.T.)

July 24, 2013 2800 Views 0 comment Print

In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the

Work allocation of Departmental Representatives before ITAT

July 24, 2013 12025 Views 0 comment Print

Reference is invited to Board’s earlier Instruction No. 13/2008 dated 18-09-2008 on the subject of work allocation of CIT(DRs)/Sr. DRs. In supersession of earlier instructions on this subject, the Board has decided to lay down the following parameters for allocation of work between the CIT(DRs) and the Sr. DRs for representation before ITAT. 2. The allocation of work between the CIT(DRs) and Sr. DRs would be as under: [A] Cases to be argued by the CIT(DRs):

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