Archive for the ‘Order’ Category


ORDER NO: 3/2012, F.No.137/99/2011-Service Tax, dated 15th  October, 2012

In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the date of submission of the  return for the period 1st April 2012 to 30th June 2012, from 25th October, 2012 to 25th November,2012.

The circumstances of a special nature which have given rise to this extension of time are as follows:

a) ACES will start releasing the return in Form ST3 in a quarterly format, shortly before the due date of 25th October, 2012.

b) This will result in all the assesses attempting to file their returns in a short time period, which may result in problems in the computer network and delay and inconvenience to the assesses.

Source: Directorate of Service Tax.


General Order – SEBI (Framework For Rejection Of Draft Offer Documents) Order, 2012 

CIRCULAR, CIR/CFD/DIL/15/2012, dated October 15, 2012

To

All Registered Merchant Bankers

1. SEBI has, vide General Order dated October 9, 2012, notified framework for rejection of draft offer documents filed with the Board. The said general order is available on SEBI Website at following link:

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1349953955224.pdf

2. All Merchant Bankers are advised to take note of the same and take due care before filing the draft offer document with the Board.

3. This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992.

4. This circular is available on SEBI website at www.sebi.gov.in under the category “Legal Framework”.

Click here to download the complete text of the above Circular in PDF Format.

Source: Securities and Exchange Board of India.


Section 119 of the Income Tax Act, 1961- Income Tax Authorities- Instructions to Subordinate Authorities- Order Extending Due Date for Filing Income Tax Returns for AY 2012-13

ORDER [F. NO. 225/163/2012/ITA.II], Dated 31.07.2012

On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified category of individuals and HUF has been made mandatory, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends the ‘due date’ of filing of returns of income for the assessment year 2012-13 to 31st August 2012 in respect of assessees who are liable to file such returns by 31st July 2012 as per provisions of section 139 of Income-tax Act, 1961.

Source: Income Tax Department- India.

 

 

 


ORDER NO.2/2012 dated 29th June, 2012

[F. No. 334 / 1 /2012 -TRU]

G.S.R.     (E). – Whereas difficulties have arisen in giving effect to the provisions of section 143 of the Finance Act, 2012 (23 of 2012), in so far as it relates to insertion of section 66B in Chapter V of the Finance Act, 1994 (32 of 1994);

Now, therefore, in exercise of the powers conferred by sub-section (1-I) of section 95 of the said Finance Act, the Central Government, hereby makes the following Order, namely:-

1.  (1) This Order may be called the Service Tax (Removal of Difficulties) Second Order, 2012.

     (2) It shall come into force on the 1st day of July, 2012.

2.  In the Finance Act, 1994 (32 of 1994), after section 66B, the following Explanation shall be inserted, namely:-

Explanation.- For the removal of doubts, it is hereby clarified that the references to the provisions of  section 66 in Chapter V of the Finance Act, 1994(32 of 1994) or any other Act, for the purpose of levy and collection of service tax, shall be construed as references to the provisions of section 66B.”

(Rajkumar Digvijay)

Under Secretary to the Government of India

Source: Directorate of Service Tax.


Section 119 of the Income-tax Act, 1961 – Income-tax authorities – Instructions to subordinate authorities – Order extending due date for filing Form 49C for F.Y. 2011-12

Order [F. No. 225/124/2012/ITA.II], dated 20.06.2012

Section 285 of Income-tax Act and Rule 114DA of Income-tax Rules read with Circular No. 5 of 2012, dated 6-2-2012, prescribes that a specified categories of assessees having a (Liaison Office in India shall electronically file Form 49C, within 60 days from the end of financial year. The due date for filing Form 49C for the financial year 2011-12 was prescribed as 30th May, 2012.

2. It has been brought to the notice of the Board that the appropriate facility for allowing the electronic filing of this form has not yet been operationalised due to technical difficulties and therefore the concerned assessees have not been able to make compliance within the prescribed date. In consideration of the same, the Board in exercise of powers conferred under section 119 of the Income-tax Act, 1961, has decided to extend the due date of filing Form 49C for the financial year 2011-12, up to 30th September, 2012.

3. The Board has further decided that for the financial year 2011-12, Form 49C can be filed in ‘paper mode’ instead of filing it electronically with digital signatures. Such Form 49C (in Paper mode) should be sent at the following address by ‘Registered Post’ or ‘Speed Post’:

The Director General of Income Tax (International Taxation),

4th Floor, Drum Shaped Building,

I.P. Estate, New Delhi-11002

The above may be immediately brought to the notice of the all concerned.

Source: Income Tax Department- India.