Notification & Circulars


Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks

 Notification No#RBI/2011-12/577     28 May 2012

 RBI/2011-12/577 RPCD.CO.RCB.BC.No. 78/07.38.01/2011-12 May 28, 2012 All State and Central Co-operative Banks   Dear Sir, Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks   Please refer..

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General - Processing of returns of A.Y. 2011-12 - Steps to clear backlog - Withdrawal of Instruction No. 1/2012

 Notification No#INSTRUCTION NO. 4/2012     25 May 2012

 SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - PROCESSING OF RETURNS OF A.Y. 2011-12 - STEPS TO CLEAR BACKLOG - WITHDRAWAL OF INSTRUCTION NO. 1/2012, DATED 2-2-2012   INSTRUCTION NO. 4/2012 [F. NO. 225/34/2011-ITA.II]   DATED 25-5-2012   The Board has dec..

Posted in Income Tax  1 comments

Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E).Amendment in Notification No. GSR 101(E)

 Notification No#19/2012     24 May 2012

 Double taxation agreement - Agreement for avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E).Amendment in Notification No. GSR 101(E) –dated 1st March 1990 NOTIFICATION NO. 19/2012 [F. NO. 506/69/81-FTD..

Posted in Income Tax

Income-tax (sixth Amendment) Rules, 2012 - Insertion of rule 10AB

 Notification No#18/2012     23 May 2012

 Income-tax (sixth Amendment) Rules, 2012 - Insertion of rule 10AB NOTIFICATION NO. 18/2012 [F. NO. 142/5/2012-TPL]   DATED 23-5-2012   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 ..

Posted in Income Tax

Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions

 Notification No#RBI/2011-12/570     22 May 2012

 RBI/2011-12/570 DGBA.GAD.No.7575/31.12.011/2011-12 May 22, 2012   The Chairman and Managing Director/Chief Executive Officer All Agency Banks Madam / Dear Sir,   Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions   As you ar..

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Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011

 Notification No#02/2012     22 May 2012

 CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012   Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011 Amendments at a Glance   Section/Schedule Par..

Posted in Income Tax

Clarification regarding classification of Structural Components of Boiler and Admissibility of CENVAT Credit on these Structural Components, reg

 Notification No#Circular No 966/09/ 2012-CX     18 May 2012

 Circular No   966/09/ 2012-CX   F No 84/1/2011-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs   New Delhi the 18th May 2012   To   All Chief Commissioner of Central Excise and Customs All Chief C..

Posted in Excise

Bank Finance to NBFCs Predominantly Engaged in lending against Gold

 Notification No#RBI/2011-12/568     18 May 2012

 RBI/2011-12/568 DBOD.BP.BC.No. 106/21.04.172/2011-12 May 18, 2012 All Scheduled Commercial Banks  (excluding RRBs) Dear Sir,   Bank Finance to NBFCs Predominantly Engaged in lending against Gold Please refer to paragraphs 94 to 96 (extract enclosed) of the Monetary Policy St..

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Priority Sector Lending – Indirect Finance to Housing Sector

 Notification No#RBI/2011-12/567     18 May 2012

 RBI/2011-12/567 UBD.BPD. (PCB) CIR No.33/09.09.001/2011-12   May 18, 2012   The Chief Executive Officers All Primary (Urban) Co-operative Banks   Madam / Dear Sir,   Priority Sector Lending – Indirect Finance to Housing Sector   Please refer to our C..

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Financial Inclusion – Use of Business Correspondents

 Notification No#RBI/2011-12/566     17 May 2012

 RBI/2011-12/566 DBOD.No.BL.BC.105/22.01.009/2011-12   May 17, 2012   All Scheduled Commercial Banks (including RRBs) and Local Area Banks   Dear Sir,   Financial Inclusion – Use of Business Correspondents   As you are aware, with a view to promote fi..

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