Circular No. 704-Income Tax Under the provisions of clause (42A) of section 2 of the Income-tax Act, 1961, the shares held in a company or any other security listed in a recognised stock exchange in India or units of the Unit Trust of India or units of a mutual fund specified under section 10(23D) shall be regarded as short-term capital a...

It is observed that corporate applicants recently being admitted into various Stock Exchanges are engaged in businesses other than securities business like ICDs, leasing, hire purchase and bill discounting due to which SEBI is not in a position to consider their registration. ...

Several instances have been brought to the notice of the Board wherein the Customs authorities have detected war materials (such as live shells, bombs, smoke bombs etc.) in consignment of heavy melting scrap imported a different ports and Inland container Depots at various locations in the country. The question ...

Circular No.119/30/95-CX I am directed to refer to Board"s Circular No. 14/ 93-Cx. 6 (F.No. 213/32/93/-CX.6) dated 27th October, 1993 seeking information out the feasibility of invoking the provisions of Section 11C in this case....

Circular No. 118/29/95-CX I am directed to enclose herewith a copy of reference dated 2.12.94 received from the Directorate of Vigilance of the above mentioned subject....

The undersigned in directed to say that it has been brought to the notice of the Board that some local customs instructions were issued at Bombay airport to Air India during 1988 under which the Air India was prohibited from taking any through traffic via ...

All bankers to an issue are hereby advised to submit quarterly reports for each quarter of the year and annual report for each financial year in respect of their activities as per formats enclosed. The quarterly report must be submitted within 3 weeks of the last day of the quarter and the annual report must be submitted within 2 months o...

On the basis of technical write-up/ literature submitted, it is observed that the article is an induction motor control apparatus comprising of a convertor, and inverter, a current detection device, a voltage detection device, an overheating device, a Central ...

It is directed to say that at present the Board has prescribed three forms for the statement of collection of FTT, vide F.No. 310/19/79-FTT, dated 20.10.97 and F. No. 310/3/81-FTT, dated 29.4.81; Demand Notice vide F.No. 310/9/73-FTT, dated 28.7.93; and for refund claims vide F.No. 31.2.73; dated 2.4.1973. On review of the existing...

I am directed to say that it has been considered necessary by the Board to obtain the information on the collection of Inland Air Travel Tax and the collection charges paid to the Airlines for various purposes such as Budgetary exercise, replies to Parliament Questions and others. Accordingly two forms are proposed...