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Lending against Gold Jewellery – Maximum 75%

January 20, 2014 1316 Views 0 comment Print

As a prudential measure, it has been decided to prescribe a Loan to Value (LTV) Ratio of not exceeding 75 per cent for banks’ lending against Gold jewellery (including bullet repayment loans against pledge of gold jewellery). Therefore, henceforth loans sanctioned by banks should not exceed 75 per cent of the value of gold ornaments and jewellery.

Regarding exemption to materials imported into India against Advance Authorisation

January 17, 2014 1048 Views 0 comment Print

that the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such form and for such sum as may be specified by the Deputy Commissioner of Customs or Assistant Commissioner of Customs

Procedure for suspension and revocation of equity shares of listed entities

January 17, 2014 7685 Views 1 comment Print

Standard Operating Procedure (SOP) for suspension and revocation of equity shares of listed entities for non compliance of certain clauses of the Listing Agreement.

President assents creation of Directorate of Income-tax (Risk Assessment)

January 16, 2014 1837 Views 0 comment Print

Notification No.GSR 22(E)-Income Tax The President of India is pleased to give his assent to the creation of Directorate of Income Tax (Risk Assessment), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, with immediate effect. 2. The Directorate of Income Tax (Risk Assessment) will be headed by a Director General of Income Tax who will be an officer of the rank of Chief Commissioner of Income Tax and will be located in New Delhi.

S. 80D Contributory Health Service Scheme of Department of Space notified

January 15, 2014 5972 Views 0 comment Print

Notification No. 6/2014-Income Tax In exercise of thy powers conferred by clause (a) of sub-section (2) of section 80D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Contributory Health Service Scheme of the Department of Space for the purposes of the said clause for the assessment year 2014-15 and subsequent assessment years.

All the info /material furnished by assessee before Settlement Commission to be sent to CIT to enable him issue his report

January 15, 2014 775 Views 0 comment Print

Notification No. 5/2014-Income Tax All the material and other information produced by the assessee before the Settlement Commission shall be sent to the Commissioner to enable him to furnish the report under sub-section (3) of section 245D.

Amendment to Schedule D of MVAT Act

January 13, 2014 1417 Views 0 comment Print

In the Maharashtra Value Added Tax Act, 2002, in SCHEDULE ‘D’, in entry 11, in column (2), for the words Brihan Mumbai Corporation and Pune District the words Brihan Mumbai Corporation, Pune Municipal Corporation and Raigad District shall be substituted.

Attestation of documents for digital signature to be done only by Gazetted officer, OR Bank Manager OR Post Master

January 11, 2014 19402 Views 0 comment Print

In continuation of the Office Order No. CCA/DC(T)/2013-98 dated 6th September 2013, for documents acceptable as proof of identity and proof of address and their attestation, the following directions are issued for strict compliance.

SEBI (Procedure for Search and Seizure) Regulations, 2014

January 10, 2014 1153 Views 0 comment Print

computerized, electrical, electronic, or magnetic form such as tape recordings, cassettes, compact discs or any information on an electronic or magnetic storage device, such as hard disks, portable memory cards, sticks or diskettes, or smart cards, backup tapes, personal digital devices, CD or DVD discs, optical discs, printer buffers, ZIP drives, pen

Notification No. 4/2014-Income Tax Dated 10/1/2014

January 10, 2014 571 Views 0 comment Print

Notification No. 4/2014-Income Tax In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Orissa State AIDS Control Society, a body constituted by the Government of Orissa in respect of the following specified income arising to that Society

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