Income Tax Notification No. 71/2014, Dated: November 15, 2014
NOTIFICATION NO. 71/2014,
Dated: November 15, 2014
CORRIGENDUM
In the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.2915(E), dated 13th November, 2014 published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated 13th November, 2014, in the Schedule-I,
(i) against serial number 6 in column (4), the number and words "(x) Principal Commissioner/Commissioner of Income-tax (Central), Vishakhapatnam" are inserted;(ii) against serial number 6 in column (5) the word "Vishakhapatnam" is inserted against the number and words "(x) Principal Commissioner/Commissioner of Income-tax (Central) Vishakhapatnam" so inserted in column (4);(iii) against serial number 9 in column (4), the number and words "(xiv) Principal Commissioner/Commissioner of Income-tax (Central), Kolkata-3" are omitted along with the corresponding entry "Kolkata" in column (5);(iv) in column (4), the numbers (x), (xi), (xii) and (xiii) are renumbered as (xi), (xii), (xiii) and (xiv) respectively.
F.No.187/37/2014 (ITA.I)
(Deepshikha Sharma)
Director
Director
Expert Committee to Review E-Forms Under the Companies Act
Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act
The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simplify procedures for stakeholders. The Committee will (a) review the 'e-forms' notified under the Companies Act, 2013, (b) suggest changes aimed at simplification of such forms and (c) removal of difficulties faced by stakeholders. The Committee has been asked to submit its report within two months.
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today. Source- PIB)
F. No. B1/6/2013-TRU Dated- 25th November, 2014 Certain representations have been received through Ministry of Commerce raising the issue that SEZ unit or developer has to approach two authorities (the SEZ authority and with the Jurisdictional Service Tax authority) for upfront exemption under notification No. 12/2013 dated 01.07.2013 as amended.
Procedure of service tax refund/exemption to SEZ-reg.
F. No. B1/6/2013-TRU
Dated- 25th November, 2014
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
North Block, New Delhi
Subject: Procedure of service tax refund/exemption to SEZ-reg.
Certain representations have been received through Ministry of Commerce raising the issue that SEZ unit or developer has to approach two authorities (the SEZ authority and with the Jurisdictional Service Tax authority) for upfront exemption under notification No. 12/2013 dated 01.07.2013 as amended.
2. The issue has been examined. The procedure prescribed under the notification No. 12/2013 dated 01.07.2013 as amended is for proper accounting and monitoring of benefit availed by SEZ Unit and developer under the exemption. Further compliance verification at the service provider's end (in domestic tariff area) would only be feasible if an institutional mechanism for accounting and verification procedure is in place. However, SEZ units and developer may, if they so desire, route their application for issuance of authorization by department through the specified officer of SEZ instead of submitting directly to the department. Similarly SEZ units and developer, may also route quarterly statement in Form A-3 through the specified officer in the SEZ. Notification No. 12/2013 dated 01.07.2013 as amended does not put any restriction in this regard.
- Accordingly the field formations should not object if such requests/intimations are routed through the specified officer in the SEZ.
Dr. Abhishek Chandra Gupta
(Technical Officer, TRU)
Uniform list of Services to be followed in Special Economic Zones- regarding.
Instruction No. 83
Dated 21st November, 2014
No D.12/19/2013 -SEZ
Government of India
Ministry of Commerce & Industry
Department of Commerce
SEZ Division
Udyog Bhavan, New Delhi
Dated 21st November, 2014
To
All Development Commissioners
Special Economic Zones
Subject: Uniform list of Services to be followed in Special Economic Zones- regarding.
Sir/Madam,
I am directed to refer to this Ministry's letter No. D.12/25/2012-SEZ dated 16th September, 2013 circulating a list of 58 services which may be permitted by all UACs as default authorised services. Subsequently eight (8) more services were included in the list in view of representations received in the Department.
2. Representations have been received in this Department that despite issue of default list of authorised services by DoC, the SEZ Developers and Units are forced to apply, a fresh to UAC even for those authorized services which are already approved earlier by the UAC for the said Developers/Units. It is reiterated that directions issued vide instruction No. 79 dated 19.11.2013 may be followed and Development Commissioners should not insist on fresh application for authorized services already approved by UAC.
Yours faithfully,
(Madhup Vyas)
Director
Tel. 011-2306 3294
Email: madhup.vyas@nic.in
Income Tax Notification No. 72/2014, Dated: November 20, 2014
NOTIFICATION NO. 72/2014,
Dated: November 20, 2014
CORRIGENDUM
In the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.2915(E), dated the 13th November, 2014, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 13th November, 2014, in Schedule-II,
(i) in column 4 in item (v), for "Mumbai-2″ read "Mumbai-4″;(ii) in column 4 in item (vii), for "Mumbai-4″ read "Mumbai-2″.
F.No.187/37/2014 (ITA.I)
(Deepshikha Sharma)
Director to the Government of India
Director to the Government of India
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