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Notifications/Circulars

Notification for National Advisory Committee on Accounting Standards

September 18, 2014 1096 Views 0 comment Print

The Chairperson and members shall hold office for a period of one year from the date of publication of this notification in the Official Gazette or till the constitution of National Financial Reporting Authority under section 132 of the Companies Act, 2013, (18 of 2013) whichever is earlier.

Clarification with regard to provisions of CSR

September 17, 2014 4568 Views 0 comment Print

In continuation of the General Circular No. 21 of 2014 dated 18.06.2014, the following clarifications are hereby issued: (i) Rule 4(6) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 as notified on 27.02.2014 has been amended by notification dated 12.09.2014; and

Instructions in light of Supreme Court Judgment on Sales Tax Incentive Scheme-reg

September 17, 2014 3668 Views 0 comment Print

Kind attention is invited to the judgment of Hon’ble Supreme Court in case of M/s Super Synotex India Ltd. [2014-TIOL-19-SC-CX] on the issue of abatement of sales tax under an abatement scheme where the assesse was allowed to retain 75% of the sales tax collected from the buyer and was required to deposit only the remaining 25% with the State Government.

Issue of equity shares under FDI Scheme against legitimate dues

September 17, 2014 2552 Views 0 comment Print

The extant guidelines for issue of shares/convertible debentures under the automatic route have been reviewed in consultation with the Government of India and, accordingly, it has been decided to permit issue of equity shares against any other funds payable by the investee company

Public Notice No. 70 (RE-2013)/2009-14, Dated: 17.09.2014

September 17, 2014 598 Views 0 comment Print

Certain errors in the rates of benefit and spelling mistake in product descriptions in Appendix 37-D of HBP vl, notified through Public Notice No. 52 dated 25.02.2014 have been corrected.

Reconstitution of Dispute Resolution Panel at Bengaluru

September 17, 2014 1837 Views 0 comment Print

ORDER No. 3/FT & TR/2014 In exercise of the powers conferred by clause (a) of sub-section (15) of section 144C of the Income-tax Act, 1961(43 of 1961) read with income-tax (Dispute Resolution Panel) Rules. 2009 as amended from time to time and in supersession of earlier Orders constituting Dispute Resolution Panel at Bengaluru, the Central Board of Direct Taxes hereby constitutes the Dispute Resolution Panel at Bengaluru comprising of three Commissioners of Income-tax as Members of the said Panel with a Reserve Member in such Panel in accordance with Rule 3(3) of the Income-tax (Dispute Resolution Panel) Rules, 2009 as under:

ITR Due date extended to 30.11.2014 for assessees In state of Jammu & Kashmir

September 16, 2014 2310 Views 0 comment Print

Extension of due-date for filing returns of Income From 30-9-2014 To 30-11-2014 By assessees In state of Jammu & Kashmir – Order-Instruction – Dated 16-9-2014 – Income Tax

Transfer out PAN from old/orphan jurisdictions to jurisdictional AOs – DIT to Nodal officers

September 16, 2014 1358 Views 0 comment Print

Migration of Pans Lying in Old/Orphan Jurisdiction and Review of AO Codes Where no Employee Number is Attached

Amends Notification No. 83/2004- Customs (N.T.), the dated 30th June, 2004

September 16, 2014 601 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes following further amendments in notification of the Government of India in the Ministry of

Notification No. 84/2014-Customs (N.T.) Dated: 16/09/2014

September 16, 2014 598 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4, read with sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the following officers specified in column (2) of the

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