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Standard Operating Procedure for AOs for tracking Non-filers by Non-filers Monitoring System (NMS). [Instruction No. 14/2013 of 23-09-2013].
Optionally Fully Convertible Debentures (OFCDs) do not fall under and cannot be equated with receipt of ‘loan’ or ‘deposit’ under the provisions of Section 269SS of the IT Act, evidently, no violation of the said Section can be said to have been committed by the assessee to attract penalty u/s 271D.
The protocol amending the agreement between the Government of India and Australia was signed on the December 16, 2011. However, it has been notified on September 20, 2013. It is effective from April 2, 2013. Now Force of attraction' concept is removed from Article 7(1) with insertion of new Article 7(1). As per the new clause, the business profits of the enterprise may be taxed in the other State but only so much of them as are attributable to that PE.
Draft Rules for 9 more chapters under Companies Act, 2013 put on MCA website for public comments to be sent by 19/10/2013.
No need to file Form Stock-1 giving details of stock as on 31st March as Notification of 16/08/2012 withdrawn with immediate effect. [DVAT Notification of 23-9-2013].
Optionally Fully Convertible Debentures (OFCDs) do not fall under and cannot be equated with receipt of ‘loan’ or ‘deposit’ under the provisions of Section 269SS of the IT Act, evidently, no violation of the said Section can be said to have been committed by the assessee to attract penalty u/s 271D.
The protocol amending the agreement between the Government of India and Australia was signed on the December 16, 2011. However, it has been notified on September 20, 2013. It is effective from April 2, 2013. Now Force of attraction' concept is removed from Article 7(1) with insertion of new Article 7(1). As per the new clause, the business profits of the enterprise may be taxed in the other State but only so much of them as are attributable to that PE.
Draft Rules for 9 more chapters under Companies Act, 2013 put on MCA website for public comments to be sent by 19/10/2013.
No need to file Form Stock-1 giving details of stock as on 31st March as Notification of 16/08/2012 withdrawn with immediate effect. [DVAT Notification of 23-9-2013].