Notification No. 11232-Income Tax It is notified for general information that the Institution/Association mentioned below and its programme given hereunder have been approved by the Secretary, Ministry of Environment and Forests, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.
Notification No. 11234-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Srimadujjayini Saddharma Simhasana Sri Taralbalu Jagadguru Bribanmath Sirigere-577541 (Karnataka)” for the purpose of the said sub-clause for the assessment years 1996-97 to 1998-99 subject to the following conditions
The appellant-assessee is a private limited company. During the assessment year 1981-82 (accounting year ending on March 31, 1981), the assessee had purchased for the use of its staff seven low income group houses from the Housing Board. The assessee had made part payments and was in turn made allotment of the houses followed by delivery of possession
Circular No. 786-Income Tax Deduction of tax u/s 195 and the taxability of export commission payable to non-resident agents rendering services abroad – clarification regarding. In the Audit Report for 1997-98 (D P No 79(I.T.) The Comptroller & Auditor General (C&AG) raised an objection that the Assessing Officer in computing the Profits and Gains of Business or Profession, in a case in Mumbai charge, had wrongly allowed a deduction in respect of a payment to a non-resident where tax had not been deducted at source.
It has also been decided that information furnished by the companies under continuous disclosure requirements, as specified in the Listing Agreement, shall be published on the web site of the exchange instantly and stock exchanges are advised to make immediate arrangement for display of the information furnished by the companies instantly on the web site.
In partial amendment to the circular mentioned above it has been decided to increase the amount of the margin beyond which the member-brokers would have to mandatorily collect margins in respect of the client in a settlement, increased from Rs 50,0000/- to Rs.1,00,000.
Kind attention is invited to notification number 34(RE) and 35(RE) dated 10.12.98 and 11.12.98 respectively issued by DGFT fixing floor prices for certain iron and steel items falling under Chapter 72. In terms of Public Notice No. 24/98 dated 30.11.98 issued by DGFT, it is clarified that import of such iron and steel items below prices is allowed
Notification No. 11230-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby notifies the “Chandigarh Lawn Tennis Association, Chandigarh” for the purpose of the said clause for assessment years 1991-92 to 1993-94 subject to the following conditions
Notification No. 606-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Chandigarh Lawn Tennis Association, Chandigarh” for the purpose of the said clause for the assessment years 1991-1992 to 1993-1994 subject to the following conditions
Circular No. 510/06/2000-CX It is directed to say that doubts have arisen relating to the determination of the amount of rebate of excise duty in cases where prices of export-goods are doubted in foreign currency and as Valero excise duty is paid after converting the value in equivalent Indian rupee. Another doubt is that once duty is paid, should rebate be reduced and if the rebate is reduce, can the manufacturer be allowed to take reaccredit of the duties paid through debits in RG-23A Part-II or RG-23C Part-II
