Fiscal year

SEBI releases Paper seeking public comments on proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities

Proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities - Paper seeking public comments Every issuer is required to file a Prospectus with Registrar of Companies before making a public issue. To enable frequent issuers to raise money, without undergoing the procedure for filing Prospectus for every issuance, the… Read More

Tags: Companies ActFiscal yearRegistrar of CompaniesSEBISecurities & Exchange Board of IndiaSecurity (finance)Shelf registrationThe Companies Act 1956

Timely Issue of TDS Certificate to Customers

RBI/2013-14/361 DBOD.No.Leg.BC.65/09.07.005/2013-14 November 6, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that, some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns timely. 2. The matter… Read More

Tags: BanksFiscal yearIncome taxNew DelhiRajesh VermaTaxTax Deducted at SourceTDS Certificate

Unsecured Exposure Norms for UCBs

RBI/2013-14/321 UBD CO BPD (PCB) Cir. No.29/13.05.000/2013-14 October 10, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir / Madam, Unsecured Exposure Norms for UCBs Please refer to our circular UBD BPD (PCB) Cir. No.45/13.05.000/2012-13 dated April 03, 2013 on the captioned subject exempting UCBs fulfilling certain conditions from the extant ceiling of 10%… Read More

Tags: Balance sheetDiode–transistor logicFiscal yearGeneral managerPrinted circuit boardReserve Bank of IndiaUrbanUrban area

CAPEX Investment Plans of Central Public Sector Enterprises (CPSEs) Performance for Q1 FY 13-14

The Prime Minister™s Office has been monitoring the CAPEX and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy and use CPSEs to drive economic growth. The CAPEX target set for FY 2013-14 is Rs. 141,912 crores. This covers 23… Read More

Tags: BHELCAPEXCapital expenditureCentral Public Sector EnterpriseFiscal yearGovernmentIndiaRashtriya Ispat Nigam

RBI circular w.r.t. Increase in HTM limits for Standalone PDs

RBI/2013-14/243 IDMD.PDRD.No. 828/03.64.00/2013-14 September 10, 2013 To All Standalone Primary Dealers Dear Sir/Madam, Increase in HTM limits for Standalone PDs A reference is invited to para 5.7 of our Master Circular IDMD.PDRD.01/03.64.00/2013-14 dated July 01, 2013 on Operational Guidelines to Primary Dealers regarding quantum of securities that can be classified as HTM. 2.  On the basis of… Read More

Tags: Anno DominiFiscal yearHTM PersonenvervoerIndiaJuly 01 2013Reserve Bank of IndiaRun batted inSecurity (finance)

Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore

A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted the said additional income but also furnished the post dated cheques of… Read More

Tags: Direct taxFiscal yearIncome taxIncome Tax DepartmentJaipurRupeeTax

Direct Tax Collections for August Quarter up by 14.43%

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 11.72 percent and stood at Rs. 1,08,075 crore as against Rs. 96,738 crore in… Read More

Tags: Corporate taxDirect taxFiscal yearIncome taxPercentageRupeeSTTWealth tax

MCA Circular w.r.t. Relaxation of last date and additional fee in filing of e-Form 23C for Appointment of Cost Auditor

General Circular No: 14/2013 52/5/CAB-2011 Government of India Ministry of Corporate Affairs Cost Audit Branch `B-1' Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi - 110 003 3rd September, 2013 Subject: Relaxation of last date and additional fee in filing of e-Form 23C for Appointment of Cost Auditor Sir, Reference is invited to General Circular… Read More

Tags: Companies Act 1956FeedBurnerFiscal yearGovernment of IndiaIndiaLawLodhi RoadNew Delhi

CBDT Notification w.r.t. Specified income arising to Karnataka State AIDS Prevention Society

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 66/2013 DATED 29-8-2013 S.O. 2642(E) - In exercise of the powers conferred by clause (46) of section 10 of theIncome-tax Act, 1961 (43 of 1961), the Central Government… Read More

Tags: Fiscal yearGazette of IndiaGovernment of IndiaIncome Tax ActIncome Tax Act 1961IndiaKarnatakaTaxation in India

Tax Evasion by Foreign Companies

Data on dollars transferred abroad by foreign companies in India is not centrally maintained by the government. However, with a view to prevent shifting of profits out of India and consequent erosion of the Indian tax base, selected international transactions undertaken are analysed every year in accordance with the transfer pricing provisions contained in Chapter X of… Read More

Tags: Finance ActFiscal yearIncome taxIncome Tax ActIncome Tax Act 1961IndiaLokSabhatransfer pricing

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