Notification No. 173-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and
Notification No. 172-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods.
The principal notification No. 168 /2003-Customs , dated the 14th November, 2003, was published vide number G.S.R 891(E), dated the 14th November, 2003, in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated 14th November, 2003.
the Institution will regularly file its return of income before the Income-tax authority in accordance with the provisions of the Income-tax Act, 1961
The new system of import from registered sources will come into effect from 1st April, 2006. However, in cases where Bill of Lading is dated 1st November, 2006 or before, imports will be allowed on the basis of Pre-Shipment Inspection regime in terms of Para 2.32 of the Handbook of Procedures (Vol.1), notified vide Public Notice No. 1 dated 8th April, 2005 and as amended from time to time, till the new system of import from registered sources comes into effect.
The principal notification No.21/2002-Customs dated the dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, vide G.S.R.118 (E), dated the 1st March, 2002 and was last amended by notification No.66/2006-Customs, dated the 28th June, 2006 [G.S.R. 386 (E), dated the 28th June, 2006].
It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories on or before 30.04.2006.
The Finance Act, 2005, has inserted in the Income-Tax Act, 1961(the Act), a new Chapter XII-H. This Chapter deals with a new tax known as, ‘Fringe Benefit Tax’ (FBT) and it contains Sections 115W to 115WL. Chapter XII-H has come into effect from 1.4.2006 viz. assessment year (AY) 2006-07, relevant to the financial year (FY) 2005-06.
Notification No. 170-Income Tax In the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 713(E), dated the 25th May, 2005, published in the Gazette of India, Extraordinary, Part – II, Section 3, sub-section (ii) dated 25th May, 2005, in line 2 from the bottom, for “Rs. 40 lakhs plus a corpus fund of Rs. 20.00 lakhs,” read “Rs. 20.00 lakhs plus a corpus fund of Rs. 40.00 lakhs”.
