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Archive: February, 2007

Posts in February, 2007

Notification No. 52/2007, Dated: 15.02.2007

February 15, 2007 493 Views 0 comment Print

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 assessee and separate books of accounts are maintained in respect of such business.

Notification No. 51/2007, Dated: 15.02.2007

February 15, 2007 421 Views 0 comment Print

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 assessee and separate books of accounts are maintained in respect of such business.

Notification No. 50/2007, Dated: 15.02.2007

February 15, 2007 475 Views 0 comment Print

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 assessee and separate books of account are maintained in respect of such business.

Notification No. 33/2007, Dated: 15.02.2007

February 15, 2007 511 Views 0 comment Print

Home for Aged. Rehabilitation of the Handicapped. De-addiction Project.

Notification No. 32/2007, Dated: 15.02.2007

February 15, 2007 523 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

Notification No. 31/2007, Dated: 15.02.2007

February 15, 2007 505 Views 0 comment Print

The Institute will get its accounts audited by an accountant as defined in Explanation below sub section (2) of section 288 and furnish along with the return of Income.

Notification No. 30/2007 – Income Tax Dated 14/2/2007

February 14, 2007 505 Views 0 comment Print

Notification No. 30 – 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

Warehousing Charging of interest on warehoused goods-Clarification thereto regarding

February 14, 2007 358 Views 0 comment Print

It is accordingly clarified that an amendment to the Customs Act modifying the terms and conditions subject to which the goods shall ‘remain warehoused’, shall not apply to the goods warehoused prior to the amendment. The instructions contained in Board’s letter dated 11.10.2001 and Circular No.62/99-Cus., dated 17.09.1999 stand modified to this extent.

Notification No. 29/2007 – Income Tax Dated 14/2/2007

February 14, 2007 454 Views 0 comment Print

Notification No. 29 – 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. 28/2007 – Income Tax Dated 14/2/2007

February 14, 2007 508 Views 0 comment Print

Notification No. 28 – 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(43of 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

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