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Archive: 09 February 2001

Posts in 09 February 2001

Notification No.G.S.R.88(E) – Income Tax Dated 9/2/2001

February 9, 2001 520 Views 0 comment Print

Notification No.G.S.R.88(E) – Income Tax In exercise of the powers conferred by section 44 of the Finance Act, 1989 (13 of 1989), the Central Government, being satisfied that it is necessary and expedient so to do having regard to the special circumstances due to earthquake, hereby exempts the passengers travelling by air on free tickets issued by Air India or Indian Airlines or any other Airlines from any part of the country

Circular No. 3/2001-Income Tax Dated 9-2-2001

February 9, 2001 1294 Views 0 comment Print

Circular No. 3 of 2001-Income Tax Sections 44AD, 44AE and 44AF of the Income-tax Act, 1961, provide for estimating the income under the head ‘Profits and gains of business or profession’ in the cases of assessees en­gaged in the business of (i) civil construction, (ii) plying, hiring or leasing goods carriages, and (iii) retail businesses

Notification No. 15/2001-Customs, Dated: 09.02.2001

February 9, 2001 358 Views 0 comment Print

The matter of import of Sports Shoes, non-leather sports footwear (hereinafter referred to as ‘the subject goods’), falling under sub-heading Nos. 6402.12, 6402.19, 6403.12, 6403.19, 6404.11, 6405.20 or 6405.90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People’s Republic of China, the Designated Authority vide its preliminary findings.

SEBI : Trading and settlement of trades in dematerialised securities

February 9, 2001 709 Views 0 comment Print

In accordance with the aforementioned circulars dated May 29, 2000 and October 16, 2000, out of the 275 scrips required to establish connectivity with both the depositories by January 29, 2001, 122 companies have now established connectivity.

SEBI : Mutual Funds registered with SEBI/Unit Trust of India/AMFI

February 9, 2001 610 Views 0 comment Print

Delays in adhering to the above time limit shall be viewed seriously. In case of any delay, the reasons for such delay must be explained to AMFI and SEBI by the next day. If the NAVs of a mutual fund are not available before commencement of business hours on the following day due to any reason.

Notification No. 3/2001-Central Excise (N.T.) Dated 9-2-2001

February 9, 2001 583 Views 0 comment Print

In pursuance of sub-rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue and Insurance), No. 266/67 – Central Excise, dated the 28th November, 1967 ( G.S.R. 1771, dated the 28th November, 1967)

Circular No. 569/6/2001-Central Excise, Dated: 9.02.2001

February 9, 2001 854 Views 0 comment Print

Circular No.569/6/2001-CX I am directed to say that consequent to deletion of clause (iv) of sub-rule (1) of rule 173G, doubts have been expressed whether the Pass-Out System specified by the Board in Circular No. 270/104/96-CX dated 18.11.1996 is necessary considering that now duty can be discharged on fortnightly basis. If it is necessary, whether the said procedure could be followed within the scope of new rule 173G(1).

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