Highlights of REC Tax Free Bonds

DFIA: applicability of provisions contained in paragraph 4.32.2 of HBP v1 regarding declaration of technical characteristics, quality and specifications at the time of exports

Posted: 07 Mar 2012 07:29 PM PST

Policy Circular No. 57 /2009-14 (RE 2011) At the time of issuance of DFIA: Ensure that the exporter has given the details with regard to technical characteristics, quality and specifications in the application for DFIA (as at Sl. No. 15 of ANF...

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Role-Check for the Digital Signatures (DSCS) belonging to Authorized Signatories of Banks/FIs

Posted: 07 Mar 2012 07:13 PM PST

The Ministry of Corporate Affairs has requested all Banks and Financial Institutions to follow the role-check process devised and published for the digital signatures (DSCs) belonging to authorized signatories of Banks/FIsrecently in its...

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Highlights of REC Tax Free Bonds

Posted: 07 Mar 2012 06:34 PM PST

REC – Tax Free Bonds- Issue is likely to open on 6th March 2012.Likely Coupon for 10 years series 7.93% & for 15 years series 8.12% with a step up additional coupon of 0.20% for Retail Investors in both the series. Tax benefits u/s 10 (15)...

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Merely because the department preferred appeal before the Honble High Court is no ground to take a different view.

Posted: 06 Mar 2012 10:41 PM PST

CIT(A) deleted addition on account of keyman insurance policy relying on ITAT|s decision in assessee|s own case for assessment year 2005-06 in which the Tribunal in ITA No. 1722/Ahd/2008, dt. 6-3-2009 and held that premium paid under...

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S. 45(3) not permit A.O. to substitute full value of consideration other than the amount recorded in the books of account of joint venture

Posted: 06 Mar 2012 09:32 PM PST

The profits or gains arising from the transfer of a capital asset by a person to a firm or other association of persons or body of individuals (not being a company or a co-operative society) in which he is or becomes a partner or member, by way of...

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Constitution of a Committee to formulate a Policy Document on Corporate Governance

Posted: 06 Mar 2012 08:29 PM PST

General Circular No. 03/2012 Concerns relating to the quality of corporate governance system and the need to maintain its integrity and public accountability have resulted in a number of public interventions all over the world including the well...

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Notification No. 15/2012 – Customs (ADD) dated the 5th March, 2012

Posted: 06 Mar 2012 08:28 PM PST

Notification No. 15/2012 - Customs (ADD) By virtue of the present notification, i. 15/2012-Customs (ADD) dated 05-03-2012, the validity date of the earlier notification no.15/2007-Customs dated 20 February, 2007, levying anti-dumping duty on imports...

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Incidents of Service tax evasion reported by Anti Evasion Unit, Siliguri Commissionerate

Posted: 06 Mar 2012 08:22 PM PST

In course of an investigation conducted by the Officers of Headquarter Anti Evasion Unit, Siliguri Commissionerate, it revealed that M/s D.K.ENTERPRISE, Nutan Bazar, P.O. + Dist. Cooch Behar, West Bengal, PIN – 736 101 was engaged in providing...

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ICAI – Frequently Asked Questions on verification of marks

Posted: 06 Mar 2012 07:48 PM PST

What is meant by verification of marks? The process of verification of marks covers the following: Checking:Whether the answer book(s) compilation is complete. Whether any question or part thereof has remained unvalued. Whether there is any totaling...

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