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Archive: 03 July 2007

Posts in 03 July 2007

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 4320 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

SEBI : Supervision of branches of depository participants

July 3, 2007 373 Views 0 comment Print

It has come to SEBI’s notice that the Depository Participants (DPs) are operating through branch offices which are having Depository Participant Modules (DPMs) directly linked to the Depository server and branch offices.

Notification No. 11 (RE-2007)/2004-2009, Dated: 3.06.2007

July 3, 2007 202 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items, 2004-09.

Withdrawal of additional duty of customs on imported liquor

July 3, 2007 310 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sub-section (8) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) and in supersession of the notification of the Government of India in Ministry of Finance (Department of Revenue).

Import duty on wine

July 3, 2007 490 Views 0 comment Print

Whereas the Central Government on being satisfied that the import duty leviable on all goods falling under headings 2204 and 2205, and tariff item 2206 00 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) should be increased and that circumstances exist which render it necessary to take immediate action.

The Art of Writing a Powerful Resume

July 3, 2007 934 Views 0 comment Print

A ‘Resume’ is like a marketing brochure that highlights the skills and potential of the candidate. ‘Resume’ and ‘Curriculum Vitae’ generally mean the same thing. However, in certain cases, a CV is longer and contains more details like publications, speaking engagements, affiliations and continuing education.

Notification No. 209/2007 – Income Tax Dated 3/7/2007

July 3, 2007 376 Views 0 comment Print

Notification No. 209 – 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

Note on CBDT’s Circular No.4/2007 regarding Nature of Income on Sale of Shares

July 3, 2007 847 Views 0 comment Print

As pointed out earlier, normally any profit and gain on the sale of shares held as a stock-in-trade is treated as business income, which is liable to tax at the rate of 30%. On the other hand, any gain made on the sale of shares held as investment is normally liable to tax at the rate of 10%.

Family partition of HUF as per amended Hindu Succession Act is recognised u/s 171 of I-T Act

July 3, 2007 4608 Views 0 comment Print

BRIEFLY stated facts of the case are that the Assessee is a Hindu Undivided Family consisting of Shri P.C. Ramakrishna, his wife and his two daughters. There was an oral total partition of H.U.F. on 16.9.1994 between Sri P.C. Ramakrishna, his wife and two daughters. Under this oral partition, the two daughters were allotted Rs.12,50,000/ – each and these amounts were adjusted against a sum of Rs. 12,50,000/- advanced to each of them earlier as loan by H.U.F. In the said partition, all other properties of H.U.F. were allotted to Sri P.C. Ramakrishna. This oral partition took place on 16.9.1994 which was subsequently confirmed by a Deed of Declaration confirming the partition.

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