| Posted: 11 Jul 2013 08:17 PM PDT In the last few years the Government of India has taken many steps in order to strengthen the Transfer Pricing (Taxation) regime in India. A series of amendment has been introduced in order to enhance the ambit of tax base and consequent increase in the revenue. The latest step in this direction... |
| Posted: 11 Jul 2013 08:03 PM PDT Manufacture also constitutes a major part of the economic activity of our country. The Central Government had also realised that unless this sector is nurtured, there would be no inclusive growth. |
| Posted: 11 Jul 2013 07:41 PM PDT CA Madhukar N Hiregange The service tax law has resulted in a large number of disputes [ more than 1 lakhs + pending as on date] mainly due to the fact that the law is changing frequently and drafting has been seen to have many loose ends. The trigger happy attitude of some of the [...] |
| Posted: 11 Jul 2013 10:16 AM PDT Short title and commencement.- (1) These rules may be called the Delhi Value Added Tax (Second Amendment) Rules, 2013. (2) They shall come into force on the date of their publication in the Delhi Gazette. |
| Posted: 10 Jul 2013 12:11 PM PDT In view of the assignment of lead bank responsibility in the 11 districts of metropolitan areas of Delhi, the lead bank responsibility of the erstwhile district Delhi (Rural) assigned to State Bank of India is treated as withdrawn. SBI is expected to extend necessary support for smooth transition... |
| Posted: 10 Jul 2013 12:10 PM PDT RBI/2013-14/132 A.P. (DIR Series) Circular No.9 July 11, 2013 To All Category – I Authorised Dealer Banks Madam / Sir, Trade Credits for Imports into India – Review of all-in-cost ceiling Attention of Category-I Authorized Dealer banks is invited to the A.P. (DIR Series) Circular No. 98 dated... |
| Posted: 10 Jul 2013 12:06 PM PDT Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 112 dated April 20, 2012 relating to ECB. On a review, it has been decided that the instructions contained in the above mentioned circular will continue to be applicable till September 30,... |
| Posted: 10 Jul 2013 12:03 PM PDT As per the extant FEMA provisions, the proposal of acquisition of the shares of Society for Worldwide Interbank Financial Telecommunication (SWIFT), Belgium by the resident bank is considered by the Reserve Bank on case to case basis under the approval route. |
| Posted: 10 Jul 2013 12:00 PM PDT On a review, it has been decided that the all-in-cost ceiling as specified in A.P. (DIR Series) Circular No. 99 dated March 30, 2012 will continue to be applicable till September 30, 2013 and is subject to review thereafter. |
| Posted: 10 Jul 2013 10:19 AM PDT The Department had introduced the facility of online registration under DVAT/CST Act with effect from 01/04/2013. The process involves pre-verification from VATI by visiting the business premises and obtaining signed copy of registration application with all relevant documents before granting the... |
| Posted: 09 Jul 2013 12:33 PM PDT Notification No. 71/2013-CUSTOMS (N.T.) New Delhi, the 10th July, 2013 G.S.R. 472 (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A and... |
Recovery action against directors of non-existent company not justified:
Madras HC
-
Madras High Court held that recovery action against the Directors of the
company under the provisions of the Tamil Nadu General Sales Tax Act, 1959,
Cent...
12 hours ago
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