The Department of Industrial Policy and Promotion (DIPP) today released the latest edition of consolidated FDI policy incorporating the changes made in the regulations over the past one year. http://dipp.nic.in/English/Policies/Policy.aspx
Circular no.2/2013 and 2/2013 dated 26.3.2013 issued by CBDT to clarify the selection of Profit Split Method as most appropriate method with reference to R & D activities http://law.incometaxindia.gov.in/DIT/Circulars.aspx
Guidelines on Implementation of Basel III Capital Regulations in India – Clarifications -Please refer to the ‘Guidelines on Basel III Capital Regulations’ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012 on the implementation of Basel III guidelines in a phased manner and press release No. 2012-2013/1092 dated December 28, 2012 rescheduling the start date of implementation of Basel III capital regulations to April 1, 2013 from January 1, 2013.
Due date for filing of Service tax return for Q.E. 30th Sept 2012 extended up to 30th April 2013.
Vide Notification 5/2013 dated 10th April 2013 – Form ST 5, ST- 6 and ST -7 have been substituted
Amendment to CESTAT Appeal Forms for Customs, Excise and Service tax http://cbec.gov.in/excise/cx-circulars/cx-circ13/969-2013cx.htm
KUMBHAT & CO., Chartered Accountants 