IT dept to accept returns on 30th and 31st March, 2013

IT dept to accept returns on 30th and 31st March, 2013 Posted: 14 Mar 2013 08:43 PM PDT The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and 29th of March and thereafter, on 30th and 31st March, being Saturday and Sunday it is directed that all the Income-tax Offices through out India shall remain open and the receipts counters shall also work during normal... Empanelment with Corporation Bank for Concurrent Audit Posted: 14 Mar 2013 08:43 PM PDT Profile/Resume sent through E-mail will not be considered for empanelment. Only properly filled in and duly signed Hard copy of the Profile/Resume as per the Format will be considered for empanelment subject to the Firm meeting the eligibility criteria. Such applications shall be submitted to the... Delhi VAT – FAQs Related to Form T-2 Posted: 14 Mar 2013 08:42 PM PDT Q1. What is Form T-2. Ans. Form T-2 has been prescribed/notified by the Commissioner, Value Added Tax, Department of Trade and Taxes, requiring the dealers to furnish details of invoices and goods receipt note in respect of goods purchased or received as stock transfer from outside Delhi. This form... Every non-payment/non-levy of duty doesn't attract extended period – There must be deliberate default – SC Posted: 13 Mar 2013 10:18 PM PDT The conclusion that mere non-payment of duties is equivalent to collusion or wilful misstatement or suppression of facts is untenable. If that were to be true, then, it was beyond understanding, which form of non-payment would amount to ordinary default ? Construing mere non-payment as falling... DVAT Notification regarding submission of information in Form T-2 Posted: 13 Mar 2013 07:32 PM PDT GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(433)/Policy-II/VAT/201 2/1349-1359     ,Dated :11 .03.2013 NOTIFICATION In   partial  modification of Notification  No. F.7(433)/Policy‑II/VAT/2012/1297-1307 dated... No violation of sec. 372A(3) if rate of interest on tax free bonds is greater than prevailing bank rate – MCA Posted: 13 Mar 2013 07:19 PM PDT It is observed from the Budget 2013-14 authorizes Union Govt. to raise Rs. 50,000 crores (Tax Free Bonds). These bonds carry a lower rate of interest, currently in the range of 6.75% to 7.50% which is tax free under section 10(15) (iv)(h) of the Income-tax Act, 1961. Such bonds were also provided... Govt forms committee for giving clear definitions to FDI & FII Posted: 13 Mar 2013 07:07 PM PDT Government has constituted a four-member committee headed by Economic Affairs Secretary Arvind Mayaram for giving clear definitions to Foreign Direct Investment, FDI and foreign institutional investment , FII, with an aim to remove ambiguity over the two types of foreign investments. The DIPP... CBI arrests Central Excise superintendent in bribery case in Thane Posted: 13 Mar 2013 06:52 PM PDT             The Central Bureau of Investigation has arrested a Superintendent working in the Office of Commissioner of Central Excise, Thane-II, Mumbai, for demanding & accepting a bribe of Rs. 45,000/- from the Complainant.             A case was registered against the Superintendent of... Maintenance of Collateral by FIIs for transactions in cash and F & O segments Posted: 13 Mar 2013 06:49 PM PDT On a review, it has been decided to permit FIIs to use, in addition to already permitted collaterals, their investments in corporate bonds as collateral in the cash segment and government securities and corporate bonds as collaterals in the F & O segment. Scheme for Collection of Dues of (i) CBDT (ii) CBEC (iii) DM Account Posted: 13 Mar 2013 06:39 PM PDT Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2012-13 DGFT – Amendments to the list of specified goods (SCOMET) that was notified vide Notification No.38 RE-2010) /2009-2014 dated 31st March, 2011 Posted: 13 Mar 2013 11:54 AM PDT NOTIFICATION No.   37 (RE-2012) /2009-2014 DATED: 14th MARCH, 2013  S.O.  (E) -In exercise of powers conferred by Section 5 and Section 14 A of the Foreign Trade (Development & Regulation) Act, 1992 {FT(D&R) Act,1992} as amended in 2010, the Central Government hereby makes amendments to the... DVAT – Amendments In Sixth Schedule of Delhi Value Added Tax Act, 2004- (Delhi Act 03 of 2005) Posted: 11 Mar 2013 07:28 PM PDT VAT – Delhi – Notification No. No. F. 5(54) Policy-II VAT 2012-13 1363-1375 Dated Tuesday, March 12, 2013 – AMENDMENTS In the Sixth Schedule of the Delhi Value Added Tax Act, 2004-(Delhi Act 03 of 2005), a new entry at Sl.No.30 after Sl.No.29 of Part-B of Sl.No.1 shall be inserted...