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Notifications

Notification No. 100 (RE-201 3)/2009-2014, Dated: 05.12.2014

December 5, 2014 1324 Views 0 comment Print

Existing policy conditions (prior to this amendment) as available at page 545 of ITC(HS) Classification of Export and Import Items (as updated on 18.04.2012), for the Exim Codes 6802 10 00, 6802 21 10, 6802 21 20, 6802 21 90, 6802 91 00 and 6802 92 00 of Chapter 68 are extracted below (earlier policy conditions).

Mobile Banking Transactions in India – Operative Guidelines for Banks

December 4, 2014 658 Views 0 comment Print

As banks have started offering mobile banking services at different points of time, there are differences in procedures adopted by banks for registering customers for mobile banking as well as in the channels of delivery and authentication process. Generally, banks are offering mobile banking services through the SMS, Application-based solutions and USSD channels.

RBI relaxes condition for issue of Pre-paid Payment Instruments / GIft Cards

December 3, 2014 1955 Views 0 comment Print

The maximum validity of the gift cards has been enhanced from one year to three years. Other provisions of PPI guidelines with respect to Gift Cards will continue to be applicable.

Govt. again increases excise duty on Diesel & Petrol

December 2, 2014 1004 Views 0 comment Print

(a) against item (i) of column (3), for the entry in column (4), the entry “₹ 4.95 per litre” shall be substituted;

CIT (E) authorised for approval U/s. 10(23C) to Trusts educational institutions/hospitals

December 1, 2014 1868 Views 0 comment Print

Notification No. 76/2014-Income Tax Central Board of Direct Taxes hereby authorises the Commissioners of Income-tax (Exemptions), to act as ‘prescribed authority’ for the purposes of sub-clause (vi) and sub-clause (via) of clause (23C) of section 10 with effect from the ‘specified date’. NOTIFICATION NO. 76/2014 Dated – 1st December, 2014.

CIT (E) authorised for approval U/s. 10(23C) to Trusts

December 1, 2014 1832 Views 0 comment Print

Notification No. 75/2014-Income Tax Central Board of Direct Taxes hereby authorises the Commissioner of Income-tax (Exemptions), to act as ‘prescribed authority’ for the purposes of sub-clause (iv) and sub-clause (v) of clause (23C) of section 10 with effect from the ‘specified date’.

Change in rules & forms, fees -Income Tax Advance Ruling by Resident Applicant

November 28, 2014 7574 Views 0 comment Print

Notification No. 74/2014-Income Tax S.O.3015 (E).- In exercise of the powers conferred by section 245Q read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962, namely:-

RBI releases final Guidelines for implementation of Bharat Bill Payment System (BBPS)

November 28, 2014 966 Views 0 comment Print

The system participants in the BBPS will have to adhere to a uniform set of standards and procedures so as to enable the smooth operation of this inter-operable bill payment system. Accordingly, a broad framework of roles and responsibilities of the BBPCU and the BBPOUs is outlined below. The Procedural Guidelines of the BBPS will provide in detail the specific roles and responsibilities of various system participants.

Change in Limit for Income Tax Advance Ruling

November 28, 2014 5816 Views 0 comment Print

Notification No. 73/2014-Income Tax In exercise of the powers conferred by sub-clause (iia) of clause (b) of section 245N of the Income-tax Act; 1961 (43 of 1961), the Central Government hereby specifies a resident, in relation to his tax liability arising out of one or more transactions valuing rupees one hundred crore or more in total which has been undertaken or proposed

Notification No. 57/2014 , Daetd : 27.11.2014

November 27, 2014 817 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee

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