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Delhi VAT- Due date of DVAT return of third quarter extended to Feb 5, 2016

January 28, 2016 3536 Views 0 comment Print

Circular No. 36 of 2015-16 In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S. Yadav, Commissioner, Value Added Tax, do hereby extend the last date of filling of online/hard copy of third quarter return for the year 2015-16, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 05.02.2016

Delhi VAT: Reg. issuance of statutory forms under Central Sales Tax Act, 1956

January 27, 2016 2675 Views 0 comment Print

Circular No. 35 of 2015-16 The facility of auto-downloading of the forms shall not be available to the dealer for the tax period in cases in which the ratio of sale to purchase, including stock transfer and local transactions, falls below 45%. The statutory forms in such cases shall be available for auto downloading on the basis of sale and purchase of next quarter.

Clearance of Livestock and Livestock products- regarding

January 27, 2016 579 Views 0 comment Print

Circular No. 2/2016-Customs Kind reference is invited to Boards Circular No. 13/2007- Customs dated 2nd March, 2007 on the subject cited above. Board has already issued instructions reiterating the provisions for import of Livestock/Livestock products to ensure that clearance of Livestock/Livestock products is done after proper quarantine check and issue of no objection certificate by Animal Quarantine Officer.

SEBI Clarification on voluntary adaptation of Aadhaar based e-KYC process

January 22, 2016 1982 Views 0 comment Print

CIRCULAR No. CIR/MIRSD/29/2016 The Hon’ble Supreme Court, in Writ Petition (Civil) No. 494 of 2012 in the matter of Justice K.S.Puttaswamy (Retd.) & Another vs Union of India & Others, vide order dated August 11, 2015 and October 15, 2015 directed that the usage of the Aadhaar card as issued by the Unique Identification Authority of India (UIDAI) is voluntary.

Amendment to SEBI Circular CIR/MRD/DSA/33/2012 dated December 13, 2012 pursuant to amendment in Regulation 2(1)(b) of SECC Regulations, 2012

January 22, 2016 713 Views 0 comment Print

Pursuant to the approval of SEBI Board in its meeting held on November 30, 2015, SEBI has notified the amendments to the definition of associate as contained in Regulation 2(1)(b) of SECC Regulations.

Interest subvention scheme for Women SHGs – Year 2015-16

January 21, 2016 1282 Views 0 comment Print

All women SHGs will be eligible for interest subvention on credit upto Rs. 3 lakhs at 7% per annum. SHG availing capital subsidy under SGSY in their existing credit outstanding will not be eligible for benefit under this scheme. The Commercial Banks and Cooperative Banks will lend to all the women SHGs in Rural areas at the rate of 7% in the 150 districts is provided at Annexure I

Accept cheques bearing a date as per Saka Samvat for payment: RBI to Banks

January 21, 2016 1608 Views 0 comment Print

As you are aware that Government of India has accepted Saka Samvat as National Calendar with effect from March 22, 1957 and all Government statutory orders, notifications, Acts of Parliament, etc. bear both the dates i.e., Saka Samvat as well as Gregorian Calendar. Therefore, a cheque written in Hindi and bearing a date in Hindi is a valid instrument.

SEBI Clarifies on Streamlining Process of Public Issue of Equity Shares & Convertibles

January 21, 2016 1340 Views 0 comment Print

Circular No. SEBI/HO/CFD/DIL/CIR/P/2016/26 Stock exchange(s) may validate the electronic bid details with depository’s records for DP ID, Client ID and PAN, at periodic intervals throughout the bidding day during the bidding period and bring the inconsistencies to the notice of intermediaries concerned, for rectification and re-submission within the time specified by stock exchange.

Registration under Maharashtra Tax on Luxuries & Entry of Goods

January 21, 2016 878 Views 0 comment Print

This circular cannot be made use of for legal interpretation of provisions of law, as it is clarificatory in nature. If any member of the trade has any doubt, he may refer the matter to this office for further clarification. You are requested to bring the contents of this circular to the notice of the members of your association.

SEBI Revises Position Limits for Currency Derivatives Contracts

January 15, 2016 1800 Views 0 comment Print

With a view to maintain orderly conditions in the domestic foreign exchange market and based on the recommendation from RBI, it has been decided to enhance the gross open position limits for bank stock brokers as authorized by RBI.

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