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Notifications/Circulars

DVAT – Form T-2 Revised & Required to be submitted online

March 21, 2013 8475 Views 0 comment Print

In supersession of Notification No. .F.7(43 3)/Policy-II/VAT/20 12/585-595 dated 05.09.20 12 and all the subsequent notifications regarding submission of information in Form T-2, I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred

Refund cannot be adjusted by CPC without following procedure prescribed in sec. 245

March 21, 2013 5668 Views 0 comment Print

As per Hon’ble Delhi High Court’s Order dated 14-3-2013, the Department requires to follow the procedure prescribed u/s 245 before making any adjustment of refund payable by the CFC, Bengaluru. Accordingly, the assessee must be given an opportunity to file response or reply and the reply will be considered and examined by the Assessing Officer before any direction for adjustment is made.

Be diligent & adhere to manuals while seeking exchange of info from treaty partners -CBDT

March 21, 2013 1537 Views 0 comment Print

It is. therefore, requested that all the officers in your jurisdiction may be directed to seek information under DTAAs/TIEAs/Multilatcral Convention, as per guidelines provided in the Manual on Exchange of Information, for carrying out the necessary enquiries and for taking the investigation to its logical end.

Banks to accept tax payment on 29,30 & 31st March (full day with extended hours)

March 21, 2013 2586 Views 0 comment Print

Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government business open (full day with extended hours) on March 29, 30 and 31, 2013 to facilitate receipt of Government taxes from members of public even at late hours.

Exchange Rate of conversion of each of foreign currency wef 22.03.2013

March 21, 2013 823 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.28/2013-CUSTOMS (N.T.), dated the

Sessions Court shifted to Kochi and Calicut for trial of offences under Prevention of Money-Laundering Act

March 21, 2013 916 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 43 of the Prevention of Money-Laundering Act, 2002 (15 of 2003), and in consultation with the Chief Justice of High Court of Kerala, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, number S.O. 841(E), dated the 1st June, 2006, namely.

FIIs permitted to offer Corporate bonds and Government securities as collateral

March 20, 2013 1008 Views 0 comment Print

Please refer to SEBI circular Nos. SEBI/DNPD/Cir- 32/2007 dated September 11, 2007 and CIR/MRD/DP/15/2010 dated April 28, 2010 permitting FIIs to offer, as collateral, cash and foreign sovereign securities with AAA rating in F&O segment and cash, foreign sovereign securities with AAA rating and government securities in cash segment.

Relaxation of additional fees & extension of last date in filing of various ROC forms

March 20, 2013 7557 Views 0 comment Print

Further it is clarified that fee payable for forms on/till 16-01-2013 will remain payable along with additional fee and relaxation of any additional fee will be considered for forms on or after 17-01-2013

Lead Bank scheme – Strengthening of Management Information System (MIS)

March 19, 2013 1528 Views 0 comment Print

As you are aware that priority sector guidelines are being revised from time to time, the last major revision done in the year 2012. However, Annual Credit Plans of States and Districts continue to be prepared based on the old sub sector classification of Agriculture, SSI

Non CTS cheques Valid till 31.07.2013, Banks not to demand PDC

March 18, 2013 4545 Views 0 comment Print

All residual non-CTS-2010 cheques with customers will continue to be valid and accepted in all clearing houses [including the Cheque Truncation System (CTS) centers] for another four months up to July 31, 2013, subject to a review in June 2013.

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