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Notification No. 7/2014-Income Tax Dated 10/6/2014

June 10, 2014 1240 Views 0 comment Print

Notification No. 7/2014-Income Tax In partial modifications of earlier Notification No. 1 of 2013(F.No.A­32012/6/ 2012-Ad.VI) dated 15t January, 2013, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

Notification No. 10/2014-Income Tax Dated 10/6/2014

June 10, 2014 2023 Views 0 comment Print

Notification No. 10/2014-Income Tax In partial modifications of earlier Notification No. 04 of 2014(F.No.A­32012/ 2/ 2013-Ad.VI) dated 3rd March, 2014, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600­39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

Notification No. 8/2014-Income Tax Dated 10/6/2014

June 10, 2014 604 Views 0 comment Print

Notification No. 8/2014-Income Tax In partial modifications of earlier Notification No. 7 of 2013(F.No.A­32012/6/2012-Ad.V1) dated 2l October, 2013, it is clarified that the following Assistant Commissioners of Income Tax (Junior Time Scale) are hereby appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Grade Pay of Rs. 6,600/- in Pay Band-3) with effect

One Documentary Proof of Address – RBI further simplifies KYC Norms for Bank Accounts

June 9, 2014 1610 Views 0 comment Print

Henceforth, customers may submit only one documentary proof of address (either current or permanent) while opening a bank account or while undergoing periodic updation. In case the address mentioned as per ‘proof of address’ undergoes a change, fresh proof of address may be submitted to the branch within a period of six months.

Companies having paid up share capital of 5 crore or more shall have a whole-time company secretary

June 9, 2014 31182 Views 4 comments Print

Appointment of Company Secretaries in companies not covered under rule 8.—A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.

CBDT asks officers to submit proposals by email instead of submitting personally

June 9, 2014 941 Views 0 comment Print

2. However, it is observed that certain officers are visiting CBDT personally only for submitting the proposals to the Board and that too without any prior intimation. The undersigned is directed to convey that such visits not only result in wastage of time of officers but also lead to undesirable expenditure incurred on tour. It is reiterated that the proposals and the requisite information may strictly be sent by post

Provisions of Sec 74(2) & 74(3) of Companies Act 2013 to come into force from 06.06.2014

June 6, 2014 6314 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 6th day of June, 2014 as the date on which the provisions of sub-sections (2) and (3) of Section 74 of the said Act shall come into force.

Companies may accept deposits without deposit insurance contract till 31.03.2015

June 6, 2014 5420 Views 0 comment Print

In view of the suggestions received from the stakeholders to give transitional period for complying with the deposit insurance requirements, the amendment in the relevant rule has been made allowing companies to accept deposits without deposit insurance for one year i.e. till 31.03.2015.

CBDT notifies India-Liechtenstein Tax info exchange agreement wef 01.04.2013

June 6, 2014 1322 Views 0 comment Print

Notification No. 30/2014-Income Tax Whereas, an agreement (hereinafter referred to as the said agreement) between the Government of the Republic of India and the Government of the Principality of Liechtenstein, for the exchange of information on tax matters was signed at Berne, Switzerland on the 28th day of March, 2013

CBDT notifies U/s. 80G(2)(b) ‘Sivasuriyaperuman Temple, Tamil Nadu’

June 3, 2014 1694 Views 0 comment Print

Notification No. 29/2014-Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sivasuriyaperuman Temple, Suriyanarkoil, Thiruvaidaimarudur Taluk, Thanjavur District, Tamil Nadu”, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

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