Author Archive

RBI Notification:(I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds – Revision

Jan-16th-2012

RBI issued a notification relating to (I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds. Key points of the Notification are as under:   RBI/2011-12/347 A. P. (DIR Series) Circular No.66 January 13, 2012 (I) Scheme for

RBI Notification: 100% FDI in Single Brand Retail

Jan-16th-2012

RBI issued a notification regarding FDI in single Brand Retail Trade, key points of notification are as under: RBI/2011-12/348 A. P. (DIR Series) Circular No. 67 January 13, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign investment in Single – Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme Attention

CBDT Notification: Income-tax (First Amendment) Rules, 2012

Jan-10th-2012

Notification No.1/2012[F.No.142/24/2011-SO(TPL)], dated 2-1-2012 In exercise of the powers conferred by section 295 read with sub-clause (vii) of clause (c) of sub-section (8) of section 35AD of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1)

CBDT Notification: Centralised Processing of Returns Scheme, 2011

Jan-10th-2012

Notification No. 3/2012 [F. No. 142/27/2011-SO (TPL)] SO 17(E), dated 4-1-2012 In exercise of powers conferred by sub-section (1B) of section 143 of Income Tax Act, 1961 (43 of 1961), for the purpose of giving effect to the Centralised Processing of Returns Scheme, 2011 made under sub-section (IA) of section 143 of the said Act,

CBEC order: Extention of time for filing of Service Tax Return for Half Year Ending on 30th September

Dec-31st-2011

ORDER NO 3 /2011 – Service Tax   In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Service Tax dated 19th October 2011, Central Board of Excise and Customs hereby extends the date of submission of half yearly return for the period April 2011 to