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SEBI : Notification regarding establishment of Local Office of Board at Jaipur

August 3, 2012 280 Views 0 comment Print

LAD-NRO/GN/2012-13/08/0308. – In exercise of the powers conferred by sub-section (4) of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Jaipur under the administrative control of its Western Regional Office at Ahmedabad.

Profession Tax – Extension of Due date of payment of tax by persons enrolled on or before 31 May 2012

August 2, 2012 6299 Views 0 comment Print

No. PFT-2012/46/Adm-20.In exercise of the powers conferred under clause (a) of sub-section (2) of section 8 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, (Mah, XVI of 1975) the Commissioner of Profession Tax, Maharashtra State, Mumbai hereby, in respect of the period from 1st April 2012 to 31st March 2013, specifies the date as mentioned in the column (3) of the SCHEDULE appended hereto to be the due date for the purpose of payment of tax due from enrolled person as stated in column (2) of the said SCHEDULE, as follows, namely :—

Govt bans export of edible oil in branded consumer packs

August 1, 2012 649 Views 0 comment Print

As per Para 4 of Notification No. 77 dated 28.09.2011, export of edible oils is permitted only in branded consumer packs of upto 5 Kgs, within a ceiling of 10,000 tons, for the period 01.11.2011 to 31.10.2012. Now, with immediate effect, even such export of edible oils is prohibited. Accordingly, Para 4 of Notification No. 77 dated 28.09.2011 stands withdrawn.

Interest Rates on Deposits held in FCNR (B) Accounts by Bank Staff

July 31, 2012 388 Views 0 comment Print

On a review, it has now been decided that RRBs should not allow the benefit of additional interest rate on any type of deposits of non-residents. Accordingly, the discretion given to RRBs to allow the benefit of additional interest rate of one per cent per annum as available to bank’s own staff on deposits under FCNR (B) accounts stands withdrawn.

Interest Rates on Rupee Deposits held in Domestic,NRO & NRE Accounts

July 31, 2012 367 Views 0 comment Print

On a review, it has now been decided that RRBs should not allow the benefit of additional interest rate on any type of deposits of non-residents. Accordingly, the discretion given to RRBs to allow the benefit of additional interest rate of one per cent per annum as available to bank’s own staff on deposits under NRE/NRO accounts stands withdrawn.

Amendments to MVAT Rules, 2005 (4th AMD)- Deduction of Land & Deemed exporter

July 30, 2012 1734 Views 0 comment Print

No. VAT 1512/ CR 84/ Taxation-1. The Government of Maharashtra has issued Notification dated 30.7.2012 amending MVAT Rules. The short gist of such amendments is as under: (1) In rules 17, 25, 41, 45, 45A, 46 and 83 reference is added to late fees, which is required to be paid in case of late filing of returns. The amendment is in technical nature.

ITR -7 For A.Y. 2012-13 / F.Y. 2011-12

July 26, 2012 6538 Views 0 comment Print

Notification No. 29/2012-Income Tax In exercise of the powers conferred by 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:- 1. (1) These rules may be called the Income-tax (8th Amendment) Rules, 2012.

Notification to give effect to Certain amendments/modifications in Foreign Trade Policy wef 05.06.2012

July 26, 2012 327 Views 0 comment Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, as amended, read with paragraph 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby amends with immediate effect para 5.2A, 9.12, 5.3 and 5.11of Foreign Trade Policy, 2009-2014 (RE 2012).

Companies to enter SRN of form 24AAA in form 21 & 23 wef 12.08.2012

July 26, 2012 753 Views 0 comment Print

Companies (Central Government’s) General Rules and Forms (Fifth Amendment) Rules, 2012 – (Form 21 & 23) – In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely: – 1. (1) These rules may be called the Companies (Central Government’s) General Rules and Forms (Fifth Amendment) Rules, 2012. (2) These rules shall come into force with effect from the 12th August, 2012. 2. In the Companies (Central Government’s) General Rules and Forms, 1956, in Annexure ‘A’,-

DTAA between India and Lithuania

July 25, 2012 1732 Views 0 comment Print

Notification No. 28/2012-Income Tax Whereas an Agreement and the Protocol between the Government of the Republic of India and the Government of the Republic of Lithuania for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital (DTAA) was signed at New Delhi on 26th July, 2011;

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