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India™s International Investment Position (IIP), December 2012
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an… Read More
Sources of Variation in Foreign Exchange Reserves in India during April-December 2012
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q3 of 2012-13 (October-December 2012) on its website . On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2012 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-December 2012 During April-December… Read More
Offline Version of ST 3 modified format now available for e-filing on ACES site
The message from ACES Administrator dated 26-3-2013 Service Tax Return (ST 3) for the period 1st July-30th September, 2012 is now available in a modified format for e-filing in ACES. Only offline version is available and there is no online version. The utility needs to be downloaded afresh from 'DOWNLOADS' section of ACES website, www.aces.gov.in… Read More
Customs Duty Exemption on Import of Pulses extended till 31st Mar 2014
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 18 /2013 - Customs New Delhi, the 26th March, 2013 G.S.R (E).- In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the… Read More
Customs amendment notification providing exemption to project ASTRAs
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 16/2013-CUSTOMS New Delhi, dated the 25th March, 2013 G.S.R. 190 (E). - In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the Central Government,… Read More
Maharashtra Co-Op Societies Amendment Ordinance 2013
MODEL BYE LAWS OF COOPERATIVE HOUSING SOCIETY AS PER 97TH CONSTITUTIONAL AMENDMENT and MAHARASHTRA CO-OP. SOCIETIES (AMENDMENT) ORDINANCE 2013 I. PRELIMINARY 1. (a) The name of the society shall be......................................Name of the Society (b) The society shall follow the procedure laid down under Section 15 of the Act and Rule 14 of the Rules for the change of… Read More
Kerala Budget 2013 – Speech Document
The Kerala Budget Speech Document is available for download here. Read More
CBDT Circular on conditions for identifying contract R&D development centres
F No. 500/139/2012 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax and Tax Research-I Division) New Delhi, the 26th day of March, 2013 Circular No. 03 /2013 Subject: Circular on conditions relevant to identify development centres engaged in contract R&D services with insignificant risk It has been… Read More
CBDT Clarification on application of Profit Split Method
F No. 500/139/2012 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax and Tax Research-I Division) New Delhi, the 26th day of March, 2013 Circular No. 02 /2013 Sub: Circular on application of profit split method It has been brought to the notice of CBDT that clarification is… Read More
Government Approves Issue of Circulars on Identification of Contract R&D Service Provider
Government Approves Issue of Circulars on Identification of Contract R&D Service Provider With Insignificant Risk and on Application of Profit Split Method Based on Recommendation of the Rangachary Committee; These Circulars Will Help in Providing Certainty to the Taxpayer on Issues Relating to Transfer Pricing of Development Centre The Rangachary Committee had submitted its report… Read More
Monthly Economic Report for February 2013
Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 MONTHLY ECONOMIC REPORT FEBRUARY 2013 HIGHLIGHTS The overall growth of GDP at factor cost at constant prices, as per Advance Estimates, is estimated at 5.0 per cent in 2012-13 as compared to the growth of 6.2 per cent during 2011-12 (First Revised Estimates).… Read More
Report of the Financial Sector Legislative Reforms Commission
The Financial Sector Legislative Reforms Commission was constituted by the Government of India, Ministry of Finance, in March, 2011. The setting up of the Commission was the result of a felt need that the legal and institutional structures of the financial sector in India need to be reviewed and recast in tune with the contemporary requirements… Read More
Finance Ministry Report on India™s External debt at End-December 2012
India™s External DEBT at End-December 2012 Stood at US$ 376.3 Billion Reflecting an Increase of 8.9 Per Cent Over the Level of US$ 345.5 Billion at End-March 2012; External DEBT to GDP Ratio Stood at 20.6 Per Cent at End-December 2012 VIS-À-VIS 19.7 Per Cent at End-March 2012. Department of Economic Affairs, Ministry of Finance,… Read More
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