institutions

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 196 Eligible projects or schemes, expenditure on – Notified eligible projects or schemes NOTIFICATION NO. S.O. 3021(E), DATED 23-12-2010 In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 [...] Full Article

NOTIFICATION NO. 90/2010 - It is hereby notified for general information that the organization M/s. National Council for Applied Economic Research, New Delhi has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2002 (assessment year 2003-04) onwards in the category of 'other Institution',.. Full Article

NOTIFICATION NO. 91/2010- Indraprastha Institute of Information Technology, New Delhi has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from assessment year 2010-11 onwards in the category of 'other Institution', partly engaged in research activities subject to the following conditions, namely :— Full Article

Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations or institutions NOTIFICATION NO. 92/2010 [F.NO.203/17/2010/ITA-II], DATED 23-12-2010 1. It is hereby notified for general information that the organization Indira Gandhi National Centre of the Arts, New Delhi has been approved by the Central Government for [...] Full Article

When it comes to social security measures, India is still considered to be an evolving country even after more than sixty years of independence. Central Government has announced a new pension scheme (NPS) w.e.f. 1st May, 2009 established under Pension Fund Regulatory and Development Authority. The scheme has been in operation for government employees since 2004 but has been only now opened to Indian citizens which will benefit all citizens, particularly those in private .. Full Article

The Department of Posts, Government of India, has been enlisted as a Point of Presence (PoP) for distribution of the New Pension System (NPS) by Pension Fund Regulatory & Development Authority (PFRDA). The Department of Posts (DOP) would, to start with, make the NPS available at over 800 of its branches all over the country, and expand the distribution network to more branches in a phased manner in its endeavour to make NPS available to all citizens in all parts of the c.. Full Article

Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies in technical and professional streams from recognised institutions in India. Full Article

Dear Member, We are happy to share with you that ICAI have launched newly revamped Professional Development Portal, www.pdicai.org of the Institute of Chartered Accountants of India. This site has been designed to provide members with all the information that they need to enrich their own practice and provide value added services to their clients. ICAI have also introduced [...] Full Article