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SEBI : (Mutual Funds) (Second Amendment) Regulations, 2009

June 5, 2009 607 Views 0 comment Print

Provided that such limit shall not be applicable for investments in Government securities, treasury bills and collateralized borrowing and lending obligations.

Public Notice No. 184 (RE-2008)/2004-2009, Dated: 05.06.2009

June 5, 2009 298 Views 0 comment Print

For every one percent increase in the oil content beyond 46% in Shea Nut, the permitted quantity for its import may decrease by 150 kgs on pro-rata basis and for every one percent decrease in oil content below 44% in Shea Nut, the permitted quantity for its import may increase by 150 kgs on prorata basis.

Notification No. 58/2009 – Customs, dated 05-06-2009

June 5, 2009 901 Views 0 comment Print

The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, that is, 13th March, 2008, and shall be payable in Indian currency

Highlight of Maharashtra State Additional Budget 2009

June 4, 2009 2997 Views 0 comment Print

As Maharashtra braces up for polls and celebrates its golden jubilee year, it tabled a revenue-deficit budget for the year 2009-10 on 4th June 2009 that focuses on infrastructure development and social sector. The major highlights and changes proposed are noted below : Penalty for late returns under MVAT Act reduced to Rs.5,000/- from Rs.10,000/-. Exemption […]

Quoting of Unique transaction Number (UTN) in ITR and practical issues

June 4, 2009 4271 Views 0 comment Print

It has been directed that ITR-1 to ITR-8 shall require the quoting of the relevant UTN for every TDS or TCS claim made by an assessee and that the credit for any TDS/TCS claim will be allowed only if the assessee quotes the relevant UTN and the said UTN matches with that in the database […]

ITAT Mumbai Bench Funtioning Notice From 08.06.09 to 13.06.09

June 4, 2009 892 Views 0 comment Print

NOTICE The following Benches will function during the period 08.06.09 to 12.06.09 ” A, B, C, D, E, E-1, F, G, H, SMC ” & SPECIAL BENCH ON 09.06.09

RBI ask banks to clear local cheques within a day and of outstation cheques within 14 days

June 4, 2009 1520 Views 0 comment Print

Banks were told by the Reserve Bank of India on Tuesday to ensure clearance of all local cheques within a day and of outstation cheques within 14 days. Compliance is to be reported within a month. Each bank branch is to display the cheque collection policy prominently on the banks’ website. Failure to adhere to […]

Public Notice No. 183 (RE-2008)/2004-2009, Dated: 04.06.2009

June 4, 2009 319 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following corrections in Public Notice No. 168(RE:2008)/2004-2009 dated 31.03.2009 related to amendment/addition/deletion/correction in the Handbook of Procedures, Vol.2, 2004-2009, as amended from time to time.

Policy Circular No. 92 (RE-2009)/2004-2009, Dated: 04.06.2009

June 4, 2009 550 Views 0 comment Print

Reference is invited to the Policy Circular No. 87 (RE-09)/2004-2009 dated 4.5.2009, on the subject cited above. Clause (a) of the Notification No. SO 1310 (E) dated 31.7.2007, substituted vide Notification No. 473 (E) dated 13.02.2009 of the Department of Food & Public Distribution, Ministry of Consumer Affairs, Food & Public Distribution, as mentioned in Policy Circular No. 87 (RE-09)/2004-2009 dated 4.5.2009.

ITAT – The Bench shall Pronounce the Order! – Deemed Pronouncement

June 4, 2009 1677 Views 0 comment Print

AS per Rule 34 of the Income-tax (Appellate Tribunal) Rules, 1963, (1) The order of the Bench shall be in writing and shall be signed and dated by the Members constituting it. (2) The Members constituting the Bench or, in the event of their absence by retirement or otherwise, the Vice-President, Senior Vice-President or the President may mark an order as fit for publication.

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