Notification & Circulars

Exemption of STax to Hotels received from the Foreigners

Exemption of Service Tax to Hotels received from the Foreigners Notification No. 14/2008-Service Tax In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central..

Posted in Service Tax

Service Tax (Publication of Names) Rules, 2008;

Notification New Delhi, the 1st March, 2008No. 15/2008-Service Tax 11 Phalguna, 1929 (Saka)G. S. R. (E).─In exercise of the powers conferred by sub-sections (1) and (2) of section 94 read with section 73D of the Finance Act 1994, (32 of 1994), the Central Government hereby makes the following ..

Posted in Service Tax

SECURITIES LENDING & BORROWING SCHEME

Securities Lending & Borrowing Scheme CIRCULAR NO. 2/2008, DATED 22-2-2008 Securities and Exchange Board of India (SEBI) vide Circular No. MRD/DoP/SE/DEP/Cir. 14/2007, dated 20-12-2007, has decided to permit all classes of investors (individuals, institutional, etc.) to short s..

Posted in Income Tax

MAY 2008 EXAMS

NOTIFICATION1st February 2008No. 13-CA (EXAM)/M/2008: - In pursuance of Regulation 22 of the Chartered Accountants Regulations,1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the ProfessionalEducation –II, Professional Competence Course (PCE) and Fin..

Posted in Exams

No Charge for Balance Enquiry through ATM

No Charge for Balance Enquiry through ATM Reserve Bank of India has announced a good news for all the users of ATM. Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deployi..

Posted in Community & General

Adopt electronic Medium for Bulk Payments to ensure Safety

Adopt electronic Medium for Bulk Payments to ensure Safety Recognising the importance of ensuring the safety and security of the payment systems, Reserve Bank of India (RBI) has put in place three modes of electronic payments, namely:- ..

Posted in Community & General

New approach towards monitoring of frauds in NBFCs

RBI-2007-2008/257 DNBS.PD.CC. No.112 /03.10.42/2007-08 With Referance to Circular No. 106 dated September 04, 2007 on the captioned subject which has now been revised as under: Para 2.2- Cases of 'negligence and cash shortages' and 'irregularities in foreign exchange transactions' referred t..

Posted in Community & General

Submission of Returns and Audited Balance Sheet by SCs/RCs

Submission of Returns and Audited Balance Sheet by SCs/RCs In partial modification of the circular CC No. 5/SCRc/10.30.000/2006-07 dated April 25, 2007, all the Securitisation Companies/Reconstruction Companies registered with the Bank are advised to furnish the position of..

Posted in Audit

Revised Norms of UCBs for Regulatory Purposes

Revised Norms of UCBs for Regulatory Purposes Cir.No.35 /09.20.001/07-08 Banks are being categorized for regulatory purposes as under: (a) Tier I Banks: Unit banks i.e. banks having a single branch / HO with deposits up to Rs. 100 crore and banks having multiple branches within a single dis..

Posted in Community & General

Tariff Items are Inserted in Custom’s Notification 69/2004

Tariff Items are Inserted in Custom’s Notification 69/2004 Notification No. 32/2008-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, on being satisfied that it is necessary..

Posted in Custom