Notification No. 110-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 that any income received by any person on behalf of “Shri Chitrapur Math, Bangalore ” (hereinafter referred to as the ‘Institution’) shall not be included in the total income of such person as assessable for the assessment
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-2009 and Paragraph 1.1 of the Handbook of Procedures (Vol.1) the Director General of Foreign Trade hereby makes the following amendments in the Book titled “Schedule of DEPB rates.
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients
Further, it has now been clarified by the Government of India and Reserve Bank of India that FII investments shall be restricted to only listed debt securities of It is also clarified that the FIIs subscription to Commercial Papers would be within the ceiling of US $1.5 billion.
