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Notifications/Circulars

Public Notice No. 38 (RE-2013)/2009-14, Dated: 20.11.2013

November 20, 2013 748 Views 0 comment Print

Now, in addition to ports/ICDs indicated in para 2 above, export of finished leather, Wet Blue and EI Tanned Leather would also be permitted through ICDs/CFSs as identified/notified by the Customs at Chennai, Mumbai & Kolkata. Procedure for drawal of samples and its testing notified in Public Notice No. 23 dated 13.08.2013 would continue.

Delhi VAT – Filing of online return for 2nd quarter of 2013-14 – extension of period thereof

November 20, 2013 2034 Views 0 comment Print

Extend the last date of online filing of second quarter return for the year 2013-14, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexures, and submission of hard copy alongwith required enclosures as per schedule given below:

SEBI issues Discussion Paper on ‘Review of guidelines governing stock related employee benefit schemes’

November 20, 2013 865 Views 0 comment Print

The SEBI has issued this discussion paper for public comments to replace the SEBI (ESOS & ESPS) Guidelines, 1999. The proposed guidelines are issued to provide for a regulatory framework for all kinds of employee benefit schemes

Services on which SEZ may claim exemption from Service Tax

November 19, 2013 12116 Views 3 comments Print

Uniform List of Services To Be Followed in SEZs – Representations have been received for inclusion of more services in the list of default authorised services. The matter was considered during the DC meeting held on 7th November, 2013 and it has been decided that following two more services may be included in the list of default authorised services:-

MCA clarification on applicability of Section 372A of of Companies Act, 1956

November 19, 2013 9189 Views 3 comments Print

Consequent to notification of Sec 185 of Companies Act 2013 (dealing with loans to directors) and which is corresponding to Section 295 of the Companies Act, 1956, MCA has received several representations. Section 186 of the Companies Act, 2013 is yet to be notified.

Section 144C of Income Tax Act,1961 applies to every order passed on or after 01-10-09

November 19, 2013 31469 Views 2 comments Print

Section 144C has been inserted with effect from 1st April, 2009. Accordingly, the Assessing Officer is required to forward a draft assessment order to the eligible assessee, if he proposes to make, on or after the 1st day of October, 2009, any variation in the income or loss returned which is prejudicial to the interest of such assessee.

SEBI : Compliance with provisions of Equity Listing Agreement by listed companies – Monitoring by Stock Exchanges

November 18, 2013 793 Views 0 comment Print

Obtain the details of the promoters / directors and/or Key Managerial Personnel of the listed companies who shall be responsible for ensuring compliance with the provisions of the Listing Agreement and in case of defaults, disclose such details on its website.

Deployment of ATM machines for banks is not transfer of right to use goods

November 15, 2013 4113 Views 0 comment Print

The penalty in this case has been levied and further upheld by the lower appellate authority on the ground that providing ATM machine to bank after bringing them from outside the State of Punjab, is a transfer of right to use goods and is covered by the definition of sale as per Section 2 (zf) (iv) of the Punjab Value Added Tax Act, 2005

Notification No. 111/2013-Customs (N.T.) Dated: 14/11/2013

November 14, 2013 724 Views 0 comment Print

Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed

Notification No. 51 (RE-2013)/2009-2014, Dated: 14.11.2013

November 14, 2013 598 Views 0 comment Print

No export or import of an item shall be allowed under Advance Authorisation / DFIA if the item is prohibited for exports or imports respectively. Export of a prohibited item may be allowed under Advance Authorisation provided it is separately so notified subject to the conditions given therein.

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