Home Highlights July 2012 Year 2012 This

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1. Online submission of Form T-2. - Circular

2. Revised Form-A Prescribed in Manual on Exchange of Information issued by CBDT Officers dealing with Exchange of information Foreign Tax Authorities - Circular

3. Definitions - Regulation 2 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000 as amended

4. Regarding online submission of Form T-2. - Notification

5. Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2012 – Amendment in Regulations 2 And 4 - Notification

6. Extension of the last date of filing of Form NFRA-2 - Circular

7. Banks failed to exercise due diligence by opening letters of credit and remitting foreign exchange despite non-submission of bills of entry and other mandatory documents...

8. Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk - Circular

9. Manual filing of revised FORM GST TRAN-1 and the resultant FORM GST TRAN-2 - The review petitioner shall be permitted either to manually or electronically upload the...

10. Reporting under Foreign Exchange Management Act, 1999 (FEMA) - Circular

11. Foreign Exchange Management Act, 1999 (FEMA)-Compounding of Contraventions under FEMA, 1999 - Circular

12. Exchange Earner's Foreign Currency (EEFC) Account . - Circular

13. SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations....

14. TP Adjustment - When foreign exchange loss is to form part of the total base of the taxpayer for the purpose of charging a mark up to its AEs as it drives income from...

15. Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT) - Notification