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ST return to be filed by 25-10-2012 shall be for the period from 1-4-2012 to 30-6-2012

September 28, 2012 5736 Views 0 comment Print

Notification No. 47/2012 ST, Provided that the Form ‘ST-3’ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only.

Draft Notification- Grant of Exemption to Shipping Industry from Competition Act, 2002

September 28, 2012 1102 Views 0 comment Print

that during the said period of one year, the Directorate General of Shipping (DG-Shipping) shall monitor operations of the agreements and for that purpose shall require compulsory lodging of the relevant documents in its offices

2 % interest subvention and 3% additional subvention for short-term crop loans in 2012-13

September 28, 2012 886 Views 0 comment Print

The interest subvention scheme for providing short term loans to farmers at 7 per cent interest per annum will be continued in 2012-13. An additional subvention of three per cent will be available to prompt paying farmers. In addition, the same interest subvention on post harvest loans up to six months against negotiable warehouse receipt will also be available. This will encourage the farmers to keep their produce in warehouses

Notification No. 41-Income Tax Dated 28-9-2012

September 28, 2012 1421 Views 0 comment Print

Notification No. 41/2012-Income Tax It is hereby notified for general information that the organization National Law School of India University, Bangalore has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment year 2011-12 onwards in the category of “University, College or Other Institution”, engaged in research in social science research subject to the following conditions, namely

SEBI (Mutual Funds) (Second Amendment) Regulations, 2012

September 26, 2012 2394 Views 0 comment Print

Securities and Exchange Board of India SEBI (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2012 – Amendment in REGULATIONS 48 & 52 and Twelfth schedule, substitution of REGULATION 59 and insertion of REGULATION 51A NOTIFICATION No. LAD-NRO/GN/2012-13/17/21502, dated 26-9-2012 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, […]

FTP – Imports from Sri Lanka through any EDI Port

September 26, 2012 785 Views 0 comment Print

NOTIFICATION NO. 16 /(RE-2012) / 2009-2014 Importer (s) shall be able to import the items under aforementioned ITC (HS) codes under the India-Sri Lanka Free Trade Agreement (ISFTA) from all EDI Ports.

MCA issues Revised eform 23AC and 23ACA

September 21, 2012 2444 Views 0 comment Print

In the Companies (Central Government’s) General Rules and Forms, 1956, in Annexure ‘A’ for Forms 23AC and 23ACA, the following Forms shall be substituted, namely.

Trust can invest in debt instruments of Infrastructure Finance Companies registered with RBI

September 20, 2012 1186 Views 0 comment Print

Notification No. 40/2012-Income Tax CBDT has vide Notification No. 40/2012 dated 20-9-2012 allowed charitable or religious trust or institution to invest in debt instruments issued by any infrastructure Finance Company registered with the Reserve Bank of India.

Only High Court Judge To Be President of CESTAT, VPs Post Abolished

September 20, 2012 1290 Views 0 comment Print

In exercise of the powers conferred by the proviso to article 309 of the Constitution of India, the President hereby makes the following rules to further amend the Customs, Excise And Service Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules, 1987, namely:

No Excuse acceptable For Delay in Filing Appeal – Govt

September 19, 2012 924 Views 0 comment Print

Letter No. DIT(L&R)-I/delay in SLP/2012-13 I am directed to bring to your kind notice that the Hon’ble Supreme Court has taken a serious view in cases of delay in filing appeals in the High Courts as also SLPs. In a particular case of delayed filing the responsibility has been directed to be fixed and action taken suitably. I am directed to Impress upon officers in the field formation to strictly adhere to the timelines laid down in instructions No 4 and 7 of 2011.

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