Notification No. 120-Income Tax S.O. 723(E).—In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to the foreign companies specified in column (2) of the table given below, by way of royalty or fees for technical services received in pursuance of the agreements specified in column (3) of the table
The Principal notification was published in the Gazette of India, Extraordinary, vide notification no.36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No.49/2006-Customs (N.T), dated, the 28th April, 2006 (S.O 620(E) 28th April 2006).
This notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business
this notification will not apply in relation to any income being profits and gains of business, unless the business is Incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business
Circular No. 5/2006-Income Tax Section 80-HHC of the Income-tax Act, 1961, provides for deduction from the total income in respect of profits derived from the export of ‘goods or merchandise’, which are realized in convertible foreign exchange.
Notification No. 119-Income Tax S.O. 704(E) -In exercise of the powers conferred under section 295 read with sub-section (3) of section 200 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
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
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. Taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
Public Notice No. 8 (RE-2006) updates Gram Udyog products under the Vishesh Krishi and Gram Udyog Yojana with new export benefits effective from April 2006.
Notification No. 06 (RE-2006) updates lists of DAP and NP/NPK manufacturers, removing some companies and adding new ones, effective from May 9, 2006.
