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Notifications/Circulars

SEBI formed Committee to review Insider Trading Law , solicits suggestions from public

April 16, 2013 615 Views 0 comment Print

Securities and Exchange Board of India (SEBI) has constituted a High Level Committee to review the SEBI (Prohibition of Insider trading) Regulations, 1992 (PIT Regulations) and to suggest suitable recommendations for amendments as it considers necessary.

Banks may assign zero risk weight for Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing

April 16, 2013 640 Views 0 comment Print

The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, 2012. On the issue of assignment of appropriate risk weight for loans guaranteed by CRGFTLIH and prescription of requisite provisioning norms for such loans on the lines of credit facilities guaranteed by Credit Guarantee Fund Trust for Micro and Small Enterprises, it has been decided as under:

IRDA asks Insurance Cos and TPAs to review their health service agreements and to file copies of revise agreements

April 15, 2013 777 Views 0 comment Print

The Authority has recently notified IRDA (Health Insurance) Regulations, 2013 and IRDA (Third Party Administrators – Health Services) (First Amendment) Regulations, 2013. The guidelines on ‘Standardization of Health Insurance’ have been issued by the Authority on 20th Feb., 2012.

Customs – Tariff Value of Gold, Silver, RBD Palmolein dips

April 15, 2013 247 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the

Tolerable limit for ALP determination- 1% for wholesale traders & 3% in other cases

April 15, 2013 1003 Views 0 comment Print

Notification No. 30/2013 – Income Tax Central Government hereby notifies that where the variation between the arm’s length price determined under section 92C and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed one per cent of the latter for wholesale traders and three per cent of the latter in all other cases

CBEC extends last date of e-filing of Service Tax Return for July-Sep 2012 to 30.04.2013

April 13, 2013 4008 Views 0 comment Print

Due date for filing of service tax returns in Form ST-3 for the period 1st July, 2012 to 30th September 2012 was extended from 15th April, 2013 to 30th April, 2013. Considering the difficulties in filing returns, causing inconvenience to the assessee, the CBEC had revised the due date of  filing ST-3 Return. CBEC extends […]

IRDA amends Insurance Surveyors & Loss Assessors Regulations

April 13, 2013 25772 Views 11 comments Print

The license granted by the Authority may be cancelled by the Authority where the surveyor and loss assessor does not represent within a period of 45 days from the date of order of suspension.

Amendment in DTAA with UAE with respect to taxes on income & on Capital

April 12, 2013 3578 Views 0 comment Print

Notification No. 29/2013 – Income Tax Desiring to amend the Agreement between the Government of the Republic of India and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital signed at New Delhi on the 29th April, 1992 as amended by the Protocol signed on 26th March, 2007 between the Government of the Republic of India and the Government of United Arab Emirates (in this Protocol referred to as the Agreement),

Anti-dumping duty on Plain Gypsum Plaster Board imported from China, Indonesia,Thailand & UAE

April 12, 2013 3718 Views 0 comment Print

The anti-dumping duty imposed shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, the 7th June, 2012.

Excise – Amendment in forms for filing appeal in CESTAT (E.A.-3, E.A.-4, E.A.-5)

April 12, 2013 6096 Views 0 comment Print

NOTIFICATION NO 06/2013-Central Excise (N.T.) – Form of appeal or application to the Appellate Tribunal. – (1) An appeal under sub-section (2) of section 35B or an application under sub-section (4) of section 35E of the Act to the Appellate Tribunal shall be made in Form No. E.A. – 5.

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