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IEPF (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Amendment Rules, 2014

March 27, 2014 1138 Views 0 comment Print

In rule 3 of the said rules, after the words, figures and letter, “section 205C of the Act”, the following words, figures, letter and brackets shall be inserted namely

Investor Education and Protection Fund (awareness and protection of investors) Amendment Rules, 2014

March 27, 2014 1213 Views 0 comment Print

These rules may be called the Investor Education and Protection Fund (awareness and protection of investors) Amendment Rules, 2014. (2) They shall come into force with effect from the 31′ March, 2014.

CBDT notifies undertaking of ‘Pantheon Infrastructure Pvt. Ltd.’ as an industrial park u/s. 80IA

March 26, 2014 955 Views 0 comment Print

Notification No. 20/2014-Income Tax And, whereas, subsequently the Central Government (Ministry of Commerce and Industry) vide letter No.15/29/2005-IP&ID dated 3rd February, 2014 has withdrawn the said approval granted to the undertaking under the Scheme; Now, therefore, the Central Government, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Act read with section 21 of the General Clauses Act, 1897 (10 of 1897), hereby rescinds the said Notification No. S.O, 4700, dated 17th November, 2006, with effect from the 17th November, 2006.

CBDT authorizes ‘IFCI Ltd.’ to issue tax free bonds up to Rs 430 crores

March 26, 2014 697 Views 0 comment Print

Notification No. 19/2014-Income Tax CBDT has vide notification No. 19/2014 dated 26.03.2014 reduced the limit for issue of tax free bonds by Indian Railway Finance Corporation Limited (IRFC) to Rs, 8853 crore from earlier limit of Rs. 10,000 crore. The Notification Further Authorised IFCI Limited (formerly known as Industrial Finance Corporation of India) to issue tax free bonds up to Rs 430 crores.

Delhi VAT – Online filling of information/return by using Digital Signature

March 26, 2014 1582 Views 0 comment Print

No. F.3(21)/Fin(Rev-I)/2013-14/ – In exorcise of the powers conferred by Section 100A of the Delhi Value Added Tax Act.2004 (Delhi Act 3 of 2005), and to facilitate the dealer/person to submit information/return etc. online by using digital signatures, the Lt. Governor of the National Capital Territory of Delhi,

CA 2013:Notification of significant sections & schedules wef 01.04.2014

March 26, 2014 22164 Views 0 comment Print

Further, we would like to mention here that under Chapter IX (Accounts of Companies), Section 130 (Re-opening of Accounts on Court’s or Tribunal’s order), Section 131 (Voluntary Revision of financial statements or Board’s Report) and Section 132 (Constitution of NFRA) have not been notified till date. Also Section 245 (Class Action Suits) has not been notified now by MCA..

Scheme of raising ECB for working capital for Civil Aviation Sector to continue till March 31, 2015 – RBI

March 26, 2014 727 Views 0 comment Print

The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals required, if any, under any other law.

Govt. Fixes limit for investment in Inflation Indexed National Savings Securities

March 26, 2014 1526 Views 0 comment Print

Government of India has vide their Notification dated March 25, 2014 notified that the maximum limit for investment in Inflation Indexed National Savings Securities- Cumulative has been increased to Rs. 10 lakh per annum for eligible individual investors and Rs. 25 lakh per annum for Institutions such as HUFs, Charitable Trusts, Education Endowments and similar institutions

Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014

March 26, 2014 2425 Views 0 comment Print

Agency banks doing Government business alone will be permitted to present instruments in the Special Clearing on other participating banks. Other member banks of the Clearing House (including the presenting banks) are required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.

PVAT – Further amendments in items taxable at single stage under Punjab VAT

March 25, 2014 915 Views 0 comment Print

Whereas the State Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005)

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