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Notifications/Circulars

Delhi VAT – Details of new application uploaded in the DVAT Server

December 2, 2014 3091 Views 0 comment Print

In the main DVAT webpage, a separate COMPOSITION DEALER hyperlink has been made available under the head VERIFICATION to check composition status of the dealer.

Advocates only in proper uniform be allowed entry into Court Rooms – SC

December 2, 2014 831 Views 0 comment Print

On 24.11.2014 an Advocate, wearing Black Gown, Band and Saffron colour long gown entered into the Hon’ble Chief Justice’s Court which was viewed seriously. It has been directed that, in future, Advocates only in proper uniform be allowed entry into the Court Rooms.

Sell Me Houses to Launder My Ill-Gotten Millions – CBDT to inquire

December 2, 2014 1692 Views 0 comment Print

New item in COBRAPOST.com on 26-11-2014 titled Operation Black Ninja: Sell Me Houses to Launder My Iii-Gotten Millions – Request to carry out enquiries and take necessary action deem fit – reg. Please find enclosed a copy of the above referred news item alleging that 35 real estate companies are willing to take illicit money and convert it into legit by allowing their clients to buy properties. You may visit the following link on the interne for full details http://www.cobraoost.com.

Govt. again increases excise duty on Diesel & Petrol

December 2, 2014 1223 Views 0 comment Print

(a) against item (i) of column (3), for the entry in column (4), the entry “₹ 4.95 per litre” shall be substituted;

Remittance of Assets – Submission of CA certificate

December 2, 2014 3513 Views 0 comment Print

Accordingly, Reserve Bank has since amended the Principal Regulations through the Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2014 notified vide Notification No. FEMA. 324/2014-RB dated October 31, 2014, c.f. G.S.R. No. 803 (E) dated November 14, 2014, with respect to submitting certificates on tax payments.

Fifth Bi-Monthly Monetary Policy Statement, 2014-15 By Dr. Raghuram G Rajan, Governor

December 2, 2014 1163 Views 0 comment Print

Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand […]

CIT (E) authorised for approval U/s. 10(23C) to Trusts educational institutions/hospitals

December 1, 2014 2066 Views 0 comment Print

Notification No. 76/2014-Income Tax Central Board of Direct Taxes hereby authorises the Commissioners of Income-tax (Exemptions), to act as ‘prescribed authority’ for the purposes of sub-clause (vi) and sub-clause (via) of clause (23C) of section 10 with effect from the ‘specified date’. NOTIFICATION NO. 76/2014 Dated – 1st December, 2014.

CIT (E) authorised for approval U/s. 10(23C) to Trusts

December 1, 2014 2012 Views 0 comment Print

Notification No. 75/2014-Income Tax Central Board of Direct Taxes hereby authorises the Commissioner of Income-tax (Exemptions), to act as ‘prescribed authority’ for the purposes of sub-clause (iv) and sub-clause (v) of clause (23C) of section 10 with effect from the ‘specified date’.

Deferment in date of effect of procedure for export of certified organic products

December 1, 2014 468 Views 0 comment Print

Now it has been decided to grant some transition time to make the Public Notice No. 73 (RE-2013)/2009-2014 dated 18.11.2014 effective. Accordingly, the procedure notified vide Public Notice No. 73 (RE-2013)/2009-2014 dated 18.11.2014 would come into effect from 18/12/2014.

Modification to Offer for Sale (OFS) of Shares through stock exchange mechanism

December 1, 2014 1703 Views 0 comment Print

To make it easier for retail investors to participate in OFS, it has been decided that seller may give an option to retail investors to place their bid at cut-off price in addition to placing price bids. In order to do so, following conditions shall be applicable:

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