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Notifications

Amendment in Gold Deposit Scheme to to bring privately held stock of gold in circulation

January 24, 2013 1905 Views 0 comment Print

The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposit Scheme, 1999 on 14th September, 1999.

Regarding increase in basic custom duty on all types of crude edible oil

January 23, 2013 289 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the

RBI – Procedure for determination of Beneficial Ownership

January 22, 2013 2638 Views 0 comment Print

Rule 9(1A) of the Prevention of Money Laundering Rules, 2005 requires that every banking company, and financial institution, as the case may be, shall identify the beneficial owner and take all reasonable steps to verify his identity.

Policy of fixing new appeals on 60th day of its filing dispensed with due to increased pendency at Delhi Benches

January 21, 2013 259 Views 0 comment Print

ITAT’s note on department’s General Grievances in the matter of representation and adjudication of cases fixed before each bench of ITAT Delhi NOTE, dated 21-1-2013 The CIT-DR (Admn.), vide letter dated 27th December, 2012, (Annexure) has expressed their grievance with regard to cases fixed before each Bench, which usually exceed 20. She has stated that due to paucity of manpower with the Department and the large number of fixation, it becomes very difficult for the Departmental Representatives to handle those cases.

SEBI (Investment Advisers) Regulations, 2013 notified

January 21, 2013 2454 Views 0 comment Print

On and from the commencement of these regulations, no person shall act as an investment adviser or hold itself out as an investment adviser unless he has obtained a certificate of registration from the Board under these regulations:

Gold – Customs Duty Enhanced

January 21, 2013 952 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in

Gold – Excise Duty Enhanced

January 21, 2013 1550 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance

India-Malaysia new Treaty – Recognizes branch as arm of foreign HO, Tax on dividend reduced to 5%

January 19, 2013 1075 Views 0 comment Print

Notification No. 7/2013 – Income Tax The Government of the Republic of India and the Government of Malaysia, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and with a view to promoting economic cooperation between the two countries, have agreed as follows:

Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013

January 15, 2013 7789 Views 0 comment Print

Notification No. 3/2013 – Income Tax In exercise of the powers conferred by sub-section (2) of section 200A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following scheme for centralised processing of statements of tax deducted at source, namely:-

Central Govt. Employees permitted to re-exercise their option upto 31.03.2013

January 14, 2013 1838 Views 0 comment Print

The undersigned is directed to invite a reference to Rules 5 & 6 of the CCS(RP) Rules, 2008, as per which a Central Government employee had an option to elect to come over to the revised pay structure either from 1.1.2006 or from the date of his next increment or from the date of promotion, upgradation of pay scales. Such an option was to be exercised within 3 months from the date of publication of CCS (RP) Rules, 2008. The rule also provides that the option once exercised shall be final.

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