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Archive: March, 1994

Posts in March, 1994

Circular No. 682-Income tax dated 30-3-1994

March 30, 1994 1623 Views 0 comment Print

Circular No. 682-Income tax A Convention for the avoidance of double taxation and preven­tion of fiscal evasion with respect to taxes of income and capi­tal gains was entered into between the Government of India and the Government of Mauritius and was notified on 6-12-1983. In respect of India, the Convention applies from the assessment year 1983-84 and onwards

Notification No. S.O.942-Income Tax Dated 28/3/1994

March 28, 1994 282 Views 0 comment Print

Notification No. S.O.942-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Messrs. Can Fin Homes Limited, Shanti Kutir, No. 32, 11th Floor, Race Course Road, Bangalore–560 001, as a company for the purpose of the said clause for the assessment years 1994-95 to 1996-97.

Notification No. S.O.251(E)-Income Tax Dated 24/3/1994

March 24, 1994 327 Views 0 comment Print

Notification No. S.O.251(E)-Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Taurus Mutual Fund authorised by the Securities and Exchange Board of India and registered in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1993, made under the Securities

SEBI : Defaulting member – distribution of assets

March 22, 1994 247 Views 0 comment Print

The matter was also raised in SEBI’s Secondary Markets Advisory Committee and the Committee was of the view that all the above claims against the defaulting member should be ranked on par and rateably distributed.

SEBI : Defaulting member – distribution of assets

March 22, 1994 199 Views 0 comment Print

The matter was also raised in SEBI’s Secondary Markets Advisory Committee and the Committee was of the view that all the above claims against the defaulting member should be ranked on par and rateably distributed.

Use of Invoice w.e.f. 1.4.1994, Instruction – Regarding

March 21, 1994 409 Views 0 comment Print

Cir. No. 29/29/94-CX I am directed to invite your attention to the provisions of Rules 52A and 173C of Central Excise Rules, 1944, as introduced by Notification No. 4/94-CE(NT) dated 1.3.94. These provisions come into force w.e.f. 1st April, 1994.

Notification No. S.O.232(E)-Income Tax Dated 18/3/1994

March 18, 1994 435 Views 0 comment Print

Notification No. S.O.232(E)-Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Kothari Pioneer Mutual Fund authorised by the Securities and Exchange Board of India as a Mutual Fund for the purposes of the said clause.

SEBI : Registration of Sub-Brokers

March 17, 1994 5080 Views 0 comment Print

Under Regulation 11 of SEBI (Stock Brokers and Sub-Brokers) Rules and Regulations, 1992 the stock exchanges are required to forward the applications of sub-brokers to SEBI after certifying that the applicants are eligible for registration.

The notification exempts the container of durable nature if imported temporarily

March 16, 1994 5092 Views 0 comment Print

Provided that the importer, by execution of a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binds himself to re-export the said containers within six months from the date of their importation and to furnish documentary evidence thereof .to the satisfaction of the said Assistant Commissioner and to pay the duty leviable thereon in the event of the importer”s failure to do so.

Circular No. 681-Income tax Dated 8-3-1994

March 8, 1994 5111 Views 0 comment Print

Circular No-681-Income tax Clarification on several points arising out of the scheme of tax deduction at source from payments made to contractors and sub-contractors in certain cases have been given in this circular and printed in the bulletin

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