Notification & Circulars


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

Regarding toll in the nature of ‘user charge’ or ‘access fee’ paid by roads users

 Notification No#Circular No. 152/3 /2012-ST     22 February 2012

 Circular No. 152/3 /2012-ST F.No.354/27/2012-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) New Delhi, 22nd February, 2012   To   Chief Commissioner of Customs and Central Excise / Central Excise ..

Posted in Service Tax

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 Others

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 Others

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 Others

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 Shares & Stock

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

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

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