Notification & Circulars

Formation of new district – Panchsheel Nagar in the State of Uttar Pradesh Assignment of Lead Bank responsibility

Notification No#RBI/2011-12/407 22 February 2012

RBI/2011-12/407 RPCD.CO.LBS. BC.No. 8377 /02.08.01/2011-12 February 22, 2012 The Chairmen/CMD All Lead Banks Dear Sir/Madam, Formation of new district – Panchsheel Nagar in the State of Uttar Pradesh Assignment of Lead Bank responsibility Th..

Posted in Community & General

In case of applicants who have made investment in 8% savings (taxable) bonds, 2003 issued by Government of India and opted for scheme of cumulative interest

Notification No#INSTRUCTION NO. 2/2012 22 February 2012

Section 119 of the Income-Tax Act, 1961 - Instructions to subordinate authorities - Condonation of delay in filing return of income under section 119(2)(b) In case of applicants who have made investment in 8% savings (taxable) bonds, 2003 issued by Government of India and opted for scheme of c..

Posted in Income Tax

Release of Foreign Exchange for Imports – Further Liberalisation

Notification No#RBI/2011-12/404 21 February 2012

RBI/2011-12/404 A.P. (DIR Series) Circular No. 82 February 21, 2012 To All Authorised Dealers in Foreign Exchange Madam / Sir, Release of Foreign Exchange for Imports – Further Liberalisation Attention of all the Authorised Dealers (ADs) in foreign exchange is..

Posted in Community & General

M/s. Prasad Technology Park Private Limited Notified as an industrial park for the purposes of Section 80-IA

Notification No#10/2012 21 February 2012

M/s. Prasad Technology Park Private Limited Notified as an industrial park for the purposes of Section 80-IA. NOTIFICATION NO. 10/2012 [F.NO. 178/7/2011-ITA-I] DATED 21-2-2012 WHEREAS the Central Government in exercise of the powers conferred by clause (iii) of sub-s..

Posted in Income Tax

Export of Goods and Services - Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year

Notification No#RBI/2011-12/403 21 February 2012

RBI/2011-12/403 A.P. (DIR Series) Circular No.81 February 21, 2012 To All Category – I Authorised Dealer Banks Madam / Sir, Export of Goods and Services - Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year &nb..

Posted in Community & General

Standardized lot size for SME Exchange / Platform

Notification No#CIR/MRD/DSA/06/2012 21 February 2012

CIR/MRD/DSA/06/2012 February 21, 2012 To Managing Director / Chief Executive Officer of Stock Exchanges and their Clearing Houses/Corporations Dear Sir/Madam, Sub: Standardized lot size for SME Exchange / Platform 1. SEBI vide circular dated May 18, ..

Posted in Investments & Personal Finance

Clarification regarding admissibility of exemption under area-based Notifications No. 49/2003-CE and 50/2003-CE, both dated 10.06.2003 in specific situations – reg.

Notification No#Circular No. 960/03/2012-CX 17 February 2012

Circular No. 960/03/2012-CX F. No. 110/03 /2011-CX-3 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 17th February, 2012 To All Chief Commissioners of Central Excise & Cus..

Posted in Excise | 2 comments

Exemption to specified persons from requirement of furnishing a return of income u/s 139(1) for AY 2012-13

Notification No# 9/2012 17 February 2012

NOTIFICATION NO 9/2012 Dated February 17, 2012 In exercise of the power conferred by sub-section (IC) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, f..

Posted in Income Tax | 1 comments

CBEC amend CBEC amends Tariff Value of Brass Scrap and Poppy Seeds

Notification No#Notification No. 11/2012 - Customs (N. T.) 15 February 2012

[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 11/2012 - Customs (N. T.) New Delhi, 15th February, 2012 2..

Posted in Custom

Export of Goods and Services- Simplification and Revision of Softex Procedure

Notification No#RBI/2011/12/400 15 February 2012

RBI/2011/12/400 A.P. (DIR Series) Circular No. 80 February 15, 2012 To All Authorised Dealers in Foreign Exchange Madam / Sir, Export of Goods and Services- Simplification and Revision of Softex Procedure Attention of the Authorised Dealers is invited t..

Posted in Community & General