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MVAT Notification for Mandatory e-payment for Six Monthly returns w.e.f. 31.03.2011

January 20, 2011 625 Views 0 comment Print

NOTIFICATION FINANCE DEPARTMENT Mantralaya, Mumbai 400 032 dated the 20th December, 2010 (M.G.G. Extraordinary No. 175, Part IV-B, at Page No, 2, dated the 20th December, 2010) Maharashtra Value Added Tax Rules, 2005 No. VAT.1510/CR.165/Taxation-l- In pursuance of the powers conferred by clause (a) of rule 45A of the Maharashtra Value Added Tax Rules ,2005 […]

MVAT Notification for Amendment in Rule 54

January 20, 2011 2896 Views 0 comment Print

NOTIFICATION FINANCE DEPARTMENT Mantralaya, Mumbai 400 032, dated the 20th December 2010 (M.G.G. Extraordinary No, 176, Part 1V-B, at Page No. 3, dated the 20th December, 2010) Maharashtra Value Added Tax Act, 2002 No.VAT.1510/CR.109-A/Taxation-l.-Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend, the […]

Section 210A – Constitution of National Advisory Committee on Accounting Standards – Notified Committee

January 19, 2011 3496 Views 0 comment Print

section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act

Notification No. 04/2011 – Income Tax Dated 19/1/2011

January 19, 2011 549 Views 0 comment Print

Notification No. 04/2011 – Income Tax Scientific research expenditure – International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad get approval under section 35(1)(iii)

RBI revised Service Charges for Cheque Collection – Local, Outstation and Speed Clearing

January 19, 2011 1098 Views 0 comment Print

Charges fixed should be reasonable and computed on a cost-plus-basis and not as an arbitrary percentage of the value of the instrument. The service charges-structure should not be open ended and should clearly specify the maximum charges that would be levied on customers including charges if any, payable to other banks.

Served From India Scheme (SFIS), Review thereof

January 18, 2011 829 Views 0 comment Print

Service Providers of services listed in Appendix 41 of HBPv1 would alone be eligible. Such eligible Service Providers will be entitled to Duty Credit Scrip equivalent to 10% of free foreign exchange earned during current financial year.

Punjab National Bank e-payment facility

January 15, 2011 2713 Views 0 comment Print

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI OFFICE OF THE COMMISSIONER OF VALUE ADDED TAX DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN,  I.P. ESTATE, NEW DELHI-110 002 No.F.7(7)/Policy-III/VAT/2005-06/ 1878-89 Dated:  06-01-2011 NOTIFICATION No.F.7(7)/Policy-III/VAT/2005-06/ : In exercise of the powers conferred under sub-rule (5) of […]

Constitution of Approval Committee for such SEZ notified during 2006 to 2008 without simultaneously notifying constitution of Approval Committee and deemed status of Inland Container Depot for SEZs

January 13, 2011 648 Views 0 comment Print

Section 13 of the Special Economic Zones Act, 2005 – Constitution of Approval Committee for such SEZ notified during 2006 to 2008 without simultaneously notifying constitution of Approval Committee and deemed status of Inland Container Depot for SEZs NOTIFICATION NO. S.O. 3042(E), DATED 24-12-2010 Whereas, the Central Government, in exercise of the powers conferred by […]

Interest Rates on Rupee Export Credit – UCBs

January 11, 2011 472 Views 0 comment Print

A medium enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006) is more than Rs.5 crore but does not exceed Rs.10 crore.+

Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement among the Governments of SAARC Member States for avoidance of double taxation and mutual administrative assistance in tax matters

January 10, 2011 1621 Views 0 comment Print

Notification No. 3/2011 – Income Tax WHEREAS the annexed Agreement among the Governments of SAARC (South Asian Association for Regional Cooperation) Member States comprising the People’s Republic of Bangladesh, the Kingdom of Bhutan, the Republic of India, the Republic of Maldives, the Kingdom of Nepal, the Islamic Republic of Pakistan and the Democratic Socialist Republic of Sri Lanka for the avoidance of double

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